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Compensation Specialist - APAC, Assistant Vice President

State StreetINDIA

30+ days ago

Job description

The Compensation AVP will be part of the APAC Compensation team and will focus on improving the efficiency of our regional organization through the use of technology and business process. The incumbent will be responsible for leveraging State Streets Workday HCM system to ensure integrity, quality and effectiveness of compensation information and processes.

Key Responsibilities

Work collaboratively with the regional human resources team (Total Rewards, HRBPs and COEs) to ensure compensation program design complements all design and process initiatives across a complex matrix of requirements (various regulatory requirement, country regulations, etc.)
Work closely with the Compensation team in developing a deep understanding of business models, competitive positioning and growth opportunities. Gain insight into the regions unique business needs. Understand country-specific strategies.
Regional compensation analysis and support of day-to-day management of deliverables, market data benchmarking, developing and maintaining pay ranges for relevant job families, and supporting offers and other compensation business processes.
Provide regional support, as applicable, as part of the annual compensation review (Total Compensation Planning TCP ), including communication, analysis and workflow activities.
Ensure the flawless implementation of broad-based compensation programs including long term incentives, equity programs, perquisites, job structures, salary structures, base pay and annual bonus programs for a complex corporation.
Perform standardized audits and data loads into Workday in order to maintain a high degree of data.
Act as a Subject Matter Expert for compensation support for a number of countries within APAC / EMEA.
Pro-actively identify areas for process improvement.
Provide support on various aspects of APAC / EMEA remuneration regulation.
Focus on Risk Excellence and support the proactive and effective management of remuneration risk by the first line of defense.
Lead or support ad-hoc projects and provide support to the wider International and Global Compensation teams, as required.
Focus on client service delivery and relationship management.

The Individual

Exceptional analytical skills and experience working with large complex data sets and reports.

Highly organized with the ability to pay persistent attention to detail.

Knowledge of standard Microsoft Office tools with advanced Excel skills.

Effective written and verbal communication skills.

Problem solving skills as seen through the ability to apply systems / workflow thinking to solve business issues within HR practices.

Experience interpreting data and presenting information and findings.

Strong focus on client service delivery and building relationships, both internal and external.

Ability to think strategically, prioritize and execute flawlessly. Innovative and astute with a good measure of common sense and sound judgement.

Self-starter with a strong ability to work effectively with client and team members, balance multiple work streams and meet all deadlines.

Education and Experience

Bachelors and / or Masters degree or comparable education.

12-15 years relevant work experience; prior financial services experience will be an added advantage.

State Street's Speak Up Line

Locations - Bangalore, India

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Assistant Vice President • INDIA