Standard Bank Group is a leading Africa-focused financial services group, and an innovative player on the global stage, that offers a variety of career-enhancing opportunities – plus the chance to work alongside some of the sector’s most talented, motivated professionals. Our clients range from individuals, to businesses of all sizes, high net worth families and large multinational corporates and institutions. We’re passionate about creating growth in Africa. Bringing true, meaningful value to our clients and the communities we serve and creating a real sense of purpose for you.
Job DescriptionTo provide credible and effective advice to drive the reward proposition for Business Unit's People Strategy. Provide best practice research and understanding of the competitive markets and industry practices. This role advises the Business Unit on all remuneration related matters.
QualificationsMinimum qualifications
Minimum of a Business Commerce / Social Science degree
In addition, must be a Certified Global Remuneration Professional (GRP) – World at Work
Experience required
• Minimum of 5-7 years experience in designing and implementing remuneration solutions and frameworks, preferably with an international footprint in a Finance Services organisation, with experience been gained in providing specialist consulting advice in a medium or large organisation or working for a specialist reward consulting organisation.
• Prior experience with benchmarking remuneration policies and practices to ensure market competitiveness for the Business Unit, while ensuring that there is alignment to Group imperatives.
• Ability to use the outputs of benchmarking to inform recommendations made to the business to ensure market competitiveness for the area of responsibility.
• Apply remuneration best practice and latest developments, as well as changes to relevant laws and statutory regulations to ensure that reward policies, processes and procedures align and remain compliant.
• Promote the Reward Governance Framework (Remco delegated authority levels), Remco standardised reporting for the year-end review process and any other ad hoc reports to ensure that there is consistency in the manner that reward data is presented.
• Advise on remuneration recommendations to ensure that they are in-line with the relevant policies and frameworks. Manage the provision for the development, maintenance, amendment, and discontinuation of People & Culture Reward related policies.
• Provide proactive technical and expert advice to Business Heads and other key stakeholders in support of the development, design and implementation of a fit-for-purpose BU reward strategy, aligned to Reward Philosophy.
Behavioural Competencies:
- Adopting Practical Approaches
- Convincing People
- Developing Expertise
- Embracing Change
- Empowering Individuals
- Exploring Possibilities
- Generating Ideas
- Producing Output
- Providing Insights
- Taking Action
- Understanding People
- Upholding Standards
Technical Competencies:
- Compensation and Benefits
- International Remuneration
- Performance Management
- Reward Analysis
- Reward Benchmarking
- Stakeholder Management
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What We Do
As a brand with a legacy of 161 years in Africa, we have a deep understanding and belief in the boundless opportunities that this continent presents. Our vision extends beyond mere geography; it encompasses a profound recognition of the potential for growth that resonates within our people, customers, entrepreneurs, and all who share our unwavering commitment and passion for investing in Africa. With a presence in 20 countries across sub-Saharan Africa, we have cultivated a diverse community of the most skilled, innovative, and creative minds in the industry. Our purpose is to drive Africa's growth, acting as a catalyst for inclusive and sustainable economic development in the regions we serve. We strive to improve the lives of our fellow Africans by conducting business in an ethical and responsible manner. As a trusted partner, we consistently set higher standards and aspire to become better with each endeavour. We are more than just a banking institution; we are a driving force behind Africa's growth. Join us on this transformative journey. Together, we have the collective power to propel Africa into the future, making tangible progress for all who proudly call Africa home.
