Assistant Vice President, Rewards

3 days ago

Singapore Sumitomo Mitsui Banking Corporation (SMBC) Full time

Provide reward specialist support to both Singapore and APAC countries, facilitate the review of country pay / benefits proposals, pay review process (including promotion and eCompensation) and roll-out of other regional initiatives (eg. standardization of policies/procedures).

Support the design, maintenance and implementation of policies and framework in the areas of Compensation, Benefits, Industrial Relations and Global Mobility for Singapore and rest of APAC.

**Responsibilities**:

- Analyze statistics and market trends to provide insights for decision making in the development and/or review of performance and reward policies and procedures and programmes.
- Provide APAC support to Head of Rewards, in the following areas:

- Reviewing the soundness/competitiveness of existing policies
- Highlight areas of concern in the deployment of new initiatives and policy reviews, assisting to ensure that bank and employee needs are well balanced, while ensuring compliance to local rules and regulations
- Support in advocating consistent policies across the region
- Identifying and assessing the impact of policies on Group HR and APAC strategies
- Lead the delivery of the annual pay review process for the APAC region.
- Work with Head of Compensation in the design, implementation and fostering prudent risk culture where compensation framework that is performance linked
- Support Head of Compensation to drive the pay for performance agenda - enable country HR and Singapore based HR business partners to embrace a high performance culture through a changed performance management framework supported with the right competencies, in line with SMBC values, and an aligned compensation framework.
- Execute change management interventions where required, such as educating and guiding HR, business managers and employees through various stages of implementing new policies/processes related to Rewards
- Collaborate with and support country HR stakeholders in the delivery of country HR/regional reward initiatives
- Coordinate industrial relations activities with banking unions, including negotiations and signing of the collective agreements or memorandum of agreement which covers salary ranges, service increments, benefits and work rules

**Job Requirements**
- Degree in HR Management
- Good working knowledge of labour regulations in APAC including Singapore.
- At least 10 years relevant experience working in HR/Compensation and Benefits in a multinational company
- Self starter & Results oriented
- Strong interpersonal and communication skills with the ability to clearly and concisely communicate verbally or in writing.
- Good team player who is independent, proactive and innovative
- Work experience in the Banking industry is highly preferred

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