Reward Manager at Stanbic IBTC Bank

Stanbic IBTC Bank is a leading African banking group focused on emerging markets globally. It has been a mainstay of South Africa's financial system for 150 years, and now spans 16 countries across the African continent.

Client satisfaction is absolutely central to our continued growth and success, and our Corporate Coverage division drives and protects this essential business function within Standard Bank. As a motivated and talented Client Coverage Manager. We want you to work closely with our key clients, helping them to optimise financial performance through the full range of standard bank services and products

We are recruiting to fill the following position:

Job Title: Reward Manager

Job ID: 12575
Location: Nigeria
Division: Human Resources

Responsibilities

• To drive the development, implementation and administration of a reward strategy which supports the Stanbic IBTC business objectives and is aligned to the Standard Bank Group’s global and regional reward strategies.

Key Result Areas

• Develop and implement reward strategy to support the goals and objectives of Stanbic IBTC
• Align the reward strategy of Stanbic IBTC with the global reward strategy for the Standard Bank Group
• Oversee the effective management of the remuneration and reward process (salary increase, promotions, short term incentive schemes, long term incentive schemes) during the Annual Review.
• Communicate the Total Reward to the staff which includes LTI statements, EGS statements and compiling Bonus figures during the review period.
• Effective management of the group-wide job evaluation process.
• Preparation and collection of REMCO packs
• Provision of a total reward consulting to the business through effective internal and external stakeholder engagement
• Analyze qualitative and quantitative data required to inform a strategic reward plan to the country EXCO and REMCO.
• Keep abreast of the latest market conditions and trends in order to identify risks to the business.
• Investigate new remuneration and benefits structures and models and make improvement recommendations.
• Compile Remuneration and Benefits reports (monthly, quarterly and annual).
• Periodic assessment of the selected HMO’s delivery of medical benefits to employees.
• Implement and sustain non monetary recognition arrangements which will create and embed a culture of spontaneous recognition e.g. Long Service Awards.
• Implement and maintain a reward communication strategy that enhances transparency and keeps employees informed.
• Develop, maintain and implement a total reward offer for incoming hires.
• Align performance management to reward philosophy.

Requirements

• Good data gathering and analysis skills
• Baseline knowledge of business risks issues.
• Proficiency in the use of MS Office suite.
• Knowledge of banks products and services and transaction flow.
• Minimum of a Bsc Degree in any related discpline
• 7 years experience working in a similar role
• Relevant HR professional qualifications will be an added advantage
• Internal relationships with HR Business Partners, Resourcing Team, Shared Services, Line Managers and EXCO Function Heads.
• External relationships with prospective hires, HMOs, colleagues across other Banks, Reward Survey Consultants.

Application Closing Date
13th March, 2014

Method Of Application
Interested and qualified candidates should:
Click here to apply