Reward Analyst 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.

Group Finance is a corporate function that serves the overall Standard Bank group across a variety of accounting disciplines - internal and external reporting, budgeting and planning, tax, technical accounting and investor relations. It also runs the bank’s capital management and regulatory reporting teams and the financial shared services processing centre. Group Finance has its own, dedicated SAP technical support and development team and a new financial systems and process improvement programme team known as Refine.

We are recruiting to fill the position below:

Job Title: Reward Analyst

Job ID: 12835
Location: Nigeria
Division Group: Human Resources
Position Category Group: HR Enablement
Employment Type: Full Time - Permanent

Main Purpose of the Job

• 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:

• Assist in 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.
• Assist in the preparation and collection of REMCO packs
• Provision of a total reward consulting to the business through effective internal and external stakeholder engagement
• 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).
• Assist in the implementation and sustenance of 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.
• Maintain an up-to-date and effective database management system.
• Develop, maintain and implement a total reward offer for incoming hires. Prepare pay propositions and offer letters for new hire
• Align performance management to reward philosophy

Required Skills and Qualifications
Knowledge:

• Minimum of a B.Sc university degree or equivalent in one of the functional areas of HR management, Social Sciences or Business Management
• Knowledge of HR principles and concepts
• Strong numeric skills
• Solid computer skills; proficiency in the use of office software products and in the compilation of statistical data.
• Ability to write in a clear and concise manner and to communicate effectively in English

Experience:

• Minimum of 3years' experience in HR or related field

Required Competencies:

• Important Relationships
• 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
5th May, 2015.

How to Apply
Interested and qualified candidates should:
Click here to apply online