Assistant Vice President, Compensation & Benefits

Bangkok Bank Berhad; Kuala Lumpur; On-site; MYR 240,000 - 360,000; Full time

Job summary

Bangkok Bank Berhad in Kuala Lumpur seeks an experienced Assistant Vice President, Compensation & Benefits, to lead the design and management of the bank's reward framework. The role requires 8-10 years in compensation and benefits, preferably within banking, with strong analytical and stakeholder management skills.

You will oversee payroll coordination, annual cycles, and regulatory reporting while ensuring data integrity in the HR system and effective collaboration with HRBPs and senior

Qualifications

• A recognised degree in Human Resources or a related field.
• Experienced Compensation & Benefits professional with 8-10 years of relevant experience, preferably in banking industry.
• Strong analytical skills with the ability to identify issues and provide effective solutions.
• Proven ability to consult and influence stakeholders across various levels.
• High attention to detail with commitment to accuracy and quality in deliverables.
• A team player who is also capable of working independently with minimal supervision.
• Ability to draft Board papers with clear and concise information.
• Excellent communication and interpersonal skills.

Responsibilities

• Review and update compensation framework and benefit plans.
• Plan and manage Performance Management and Annual Review exercises with HRBPs.
• Administer Insurance including renewals, refunds and SOCSO claims.
• Manage annual budget and cost monitoring.
• Payroll: oversee monthly payroll cycle and liaise with payroll vendor for accurate processing.
• Handle year-end tax filing, EA forms and remuneration declarations for key personnel.
• Perform validation of all pay elements processed by payroll vendor.
• Oversee expatriate management approvals, relocation and permits.
• Complete and submit critical regulatory reporting.
• Ensure accuracy of employee data in HR system and ensure vendor support is adequate.

Skills

Analytical skills

Stakeholder management

Communication skills

Interpersonal skills

Detail orientation

Education

Degree in Human Resources or related field

Job description

As a custodian of the Human Capital Manual and to ensure the manual is complete, reviewed and updated on a timely basis.

To periodically review compensation framework and benefit plans including the job matching exercise to ensure the Bank's overall reward offerings are relevant, current, and in line with the Bank's goals in driving the desired behavior.

Plan and manage the Performance Management and Annual Review exercises,working in partnership with the HRBPs to execute the process.

Administer the Insurance including annual renewals and refunds and also SOCSO claim matters.

Manage the annual budget management and cost-monitoring.

b. Payroll

Responsible for the monthly payroll cycle, managing the payroll vendor in ensuring earnings, deductions and payments are executed accurately and timely.

Responsible for the year-end tax filing, managing the vendor in ensuring EA forms, E form, remuneration declaration for key personnel etc. are executed in an accurate and timely manner.

Perform validation and checking on all pay elements processed by payroll vendor.

Manages the end-to-end of the expatriate management process i.e. obtaining approvals from regulators, facilitating the relocation and/or repatriation, monitoring of the permits, etc.

d. Reporting & Submission

To complete and submit critical and regulatory reporting.

Preparation of monthly report, compilation of data, data analysis and must be able to meet established report deadlines.

e. System Administration

Ensure updated and accuracy of employee data into HR system.

Monitor the performance of the payroll and system vendors, and to ensure the Bank gets sufficient support from the vendors as and when there are issues.

Job Requirements

A recognised degree in Human Resources or a related field.

Experienced Compensation & Benefits professional with 8-10 years of relevant experience, preferably in banking industry.

Strong analytical skills with the ability to identify issues and provide effective solutions.

Proven ability to consult and influence stakeholders across various levels.

High attention to detail with commitment to accuracy and quality in deliverables.

A team player who is also capable of working independently with minimal supervision.

Ability to draft Board papers with clear and concise information.

Excellent communication and interpersonal skills.

Bangkok Bank Limited, Kuala Lumpur Branch opened its door for business on 23 January 1959 offering a full range of commercial banking services.

On 20 May 1993, Bangkok Bank Limited, Bangkok (\"Parent Bank\") changed its status to a public company required by the Securities & Stock Exchange Act, Thailand and thus, the Parent Bank became known as Bangkok Bank Public Company Limited, likewise the Kuala Lumpur Branch.

In compliance with Bank Negara Malaysia's requirement on all foreign banks to be locally incorporated, Bangkok Bank Berhad (\"BBB\") was incorporated on 12 May 1994 to take over the whole operations of Kuala Lumpur Branch of Bangkok Bank Public Company Limited.

BBB is a wholly-owned subsidiary of Bangkok Bank Public Company Limited with an authorized and paid up share capital of RM1 Billion. The principal activities of BBB are banking and related financial services.

BBB has only one subsidiary which is BBL Nominees (Tempatan) Sdn Bhd. The principal activity of the subsidiary is provision of nominees services.

Bangkok Bank Limited, Kuala Lumpur Branch opened its door for business on 23 January 1959 offering a full range of commercial banking services.

On 20 May 1993, Bangkok Bank Limited, Bangkok (\"Parent Bank\") changed its status to a public company required by the Securities & Stock Exchange Act, Thailand and thus, the Parent Bank became known as Bangkok Bank Public Company Limited, likewise the Kuala Lumpur Branch.

In compliance with Bank Negara Malaysia's requirement on all foreign banks to be locally incorporated, Bangkok Bank Berhad (\"BBB\") was incorporated on 12 May 1994 to take over the whole operations of Kuala Lumpur Branch of Bangkok Bank Public Company Limited.

BBB is a wholly-owned subsidiary of Bangkok Bank Public Company Limited with an authorized and paid up share capital of RM1 Billion. The principal activities of BBB are banking and related financial services.

BBB has only one subsidiary which is BBL Nominees (Tempatan) Sdn Bhd. The principal activity of the subsidiary is provision of nominees services.

Bangkok Bank Limited, Kuala Lumpur Branch opened its door for business on 23 January 1959 offering a full range of commercial banking services.

On 20 May 1993, Bangkok Bank Limited, Bangkok (\"Parent Bank\") changed its status to a public company required by the Securities & Stock Exchange Act, Thailand and thus, the Parent Bank became known as Bangkok Bank Public Company Limited, likewise the Kuala Lumpur Branch.

In compliance with Bank Negara Malaysia's requirement on all foreign banks to be locally incorporated, Bangkok Bank Berhad (\"BBB\") was incorporated on 12 May 1994 to take over the whole operations of Kuala Lumpur Branch of Bangkok Bank Public Company Limited.

BBB is a wholly-owned subsidiary of Bangkok Bank Public Company Limited with an authorized and paid up share capital of RM1 Billion. The principal activities of BBB are banking and related financial services.

BBB has only one subsidiary which is BBL Nominees (Tempatan) Sdn Bhd. The principal activity of the subsidiary is provision of nominees services.

What can I earn as an Assistant Vice President