PRB Advisory Specialist
3 weeks ago
This role is responsible for partnering with leaders in WRB to deliver performance, reward, and benefits outcomes that incentivize and reward the delivery of the WRB strategy. The incumbent will also manage the Frontline Incentive Plan (FLIP) used for frontline job families in WRB and work on enhancing its design, delivery, and controls to improve process efficiency and ensure compliance with regulatory requirements.
Key Responsibilities
Strategy & Advisory
- Advise on FLIP and reward issues for frontline WRB staff.
- Contribute to the design of FLIP or other WRB structured incentive plans and modeling, implementation, and assurance activities.
Business
- Establish relationships with key business stakeholders to identify and understand business objectives.
- Monitor the performance and effectiveness of reward policies, programs, and processes in achieving business objectives.
- Maintain relationships with key stakeholders to ensure their engagement and sponsorship of changes in FLIP and overall reward.
Processes
- Collaborate with PRB product and process teams to achieve excellence in the implementation of FLIP in WRB across countries.
- Manage performance and pay review processes in line with global principles.
- Identify, monitor, and mitigate operational risk arising and ensure proper controls are in place.
People & Talent
- Coach Performance & Reward Advisory Support colleagues in Chennai.
Risk Management & Governance
- Manage audit and review activities in relation to FLIP.
- Work with business and HR process owners to articulate and manage risks.
- Contribute to governance bodies, such as the Group Reward Plan Committee.
Regulatory & Business Conduct
- Display exemplary conduct and live by the Group's Values and Code of Conduct.
- Effectively identify, escalate, mitigate, and resolve risk, conduct, and compliance matters.
Key Stakeholders
- WRB Management Team members and their direct reports.
- Global and country PRB and HR teams.
- Finance, Compliance, and Risk partners.
- PRB delivery and operations teams.
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