YES BANK - Compensation Specialist ( 3-5 yrs )

Job Description

Core Responsibilities

• Manage major Compensation processes like the Bank’s Annual Compensation Review and the preceding Wage Cost budgeting
• Partner with Consultants like Aon / Deloitte in their annual surveys to gather market intelligence and benchmarking data
• Design executive compensation structures and the associated LTI program. Track the roll out of instruments like ESOPs / RSUs
• Support in designing and iteration of Total Reward policy of the Bank in line with prudent risk management principles
• Liaise with Payroll and Finance teams to ensure that Compensation data related to MD&CEO / Board of Directors is correctly captured in statutory reports
• Strive for automation of compensation processes and reporting. Partner with HR System / Technology team to fully leverage the HRIS to meet system requirements
• Align the compensation process to contemporary market trends and enable it to be competitive with peer organizations
• Analyze Hiring compensation levels, Pay equity, Wage cost thresholds for gaps and discrepancies
• Draft responses for queries raised by Bank’s Internal Audit/Compliance team as well as well as external regulatory bodies like RBI
• Train HR Business Partners and other HR central teams on compensation management programs and policy changes
• Prepare annual calendar of key actions for the Compensation team and ensure timely closure

Qualifications

• MBA HR from reputed institutes will be preferred
• 3-5 years of relevant work experience in compensation management role in large organizations, preferably from Banking
• Proficient in MS Office (Excel, Power point, Word)
• Understanding of Advanced Excel or Power BI or Tableau
• Aware of trending compensation concepts
• Excellent written and verbal communication
• Adept at tactfully managing stakeholders and maintaining confidentiality

Qualifications

• MBA HR from reputed institutes will be preferred
• 3-5 years of relevant work experience in compensation management role in large organizations, preferably from Banking
• Proficient in MS Office (Excel, Power point, Word)
• Understanding of Advanced Exc

Company Description

YES BANK is a leading Indian private sector bank committed to transforming the financial landscape of India. With over 1200 branches nationwide and a dedicated team of YES BANKers, we strive to deliver exceptional banking solutions and empower individuals, businesses and communities to thrive.

At YES BANK, we believe in the power of innovation and transparency. Operating in Retail, MSME and Corporate banking sectors, we are a full service bank and offer an extensive range of financial services. We leverage cutting-edge technology & industry insights to meet the evolving needs of our diverse clientele. One in three UPI transactions in the country are processed by YES BANK.

Driven by our core values, we aim to build long lasting relationships with our customers and stakeholders. Our robust risk management framework ensures the safety and security of your finances, while our unwavering commitment to sustainability drives us to create a positive impact on society and the environment.

We recognize the potential within each person and strive to unlock it through opportunities for growth, learning and innovation. Joining our ranks means joining a vibrant ecosystem of individuals who are passionate about making an impact and shaping the future of banking.

Together, let’s create a future where your dreams can flourish and make a lasting impact.

Note:

YES BANK will NEVER ask you to reveal your User ID or Password. Therefore, never disclose your credentials (User ID, Password, OTP, PIN etc.) to anyone either through mail or over phone. If you receive any mail asking you to update or authenticate your User ID or Password, please DO NOT fall into the trap of putting in your Password or OTP or PIN.