Manager (Rewards)

Maybank; Singapore; On-site; SGD 70,000 - 90,000; Full time

Job summary

A leading financial institution in Singapore seeks a Compensation & Benefits expert to manage rewards programmes and provide advisory support. The ideal candidate will have 6-8 years of experience, strong Excel skills, and the ability to work independently in a fast-paced environment. This role requires strategic acumen and stakeholder management skills.

Qualifications

• 6-8 years of direct experience in Compensation & Benefits.
• Experience in designing and managing rewards plans in organizations.
• Strong knowledge of compensation principles and compliance.

Responsibilities

• Manage and administer total rewards programmes across job levels.
• Participate in job and salary benchmarking.
• Prepare manpower budget analysis.

Skills

Compensation & Benefits expertise

Project management

Stakeholder management

Analytical skills

Advanced MS Excel

Education

Degree in relevant field

Job description

Job Responsibilities

• This role will be part of the Human Capital organization in Maybank Singapore and report to the Head and SVP of Rewards
• Serve as a subject matter expert in the area of compensation & benefits in Maybank Singapore by managing rewards programmes and providing compensation & benefit related advisory and support to the various internal and external stakeholders, mainly annual compensation review, incentive programmes design, benefit reviews, rewards related governance and policies
• Design and manage the development, implementation and administration of total rewards programmes across all job levels in line with the Bank’s philosophy.
• Participate in the job and salary benchmarking including value-added rewards surveys with third party consultants, analyze market data results and recommend competitive / best practice rewards strategies accordingly
• Prepare and manage manpower budget including analysis of manpower costs
• Develop and update rewards-related policies in various modes of communication such as Handbook, Benefits Schedule and others
• Prepare reports and decks as required

Job Requirements

• A degree holder with at least 6-8 years of direct experience in Compensation & Benefits.
• Experience in designing, managing and implementing rewards plans/programmes in a medium/large organizations.
• Strong knowledge of compensation and benefits principles and methodologies including the legislative regulations and compliance.
• Meticulous, Detail-oriented, Analytical, Pro-active with high level of initiative and Able to work independently in a fast-paced environment
• Strategic business acumen, strong project management and stakeholder management skills.
• Excellent Advanced MS Excel skills. Knowledge of macro, dashboard, workplace analytics and accounting entries will be advantageous.
• Prior experience in Financial Services and/or Banking sector will be advantageous.