Senior Manager - Performance & Rewards

Job description / Role

Forming a part of the overall HR structure, the Performance and Reward function applies a planned and systematic approach to improving the performance of individuals within a team framework. It supports the promotion of superior performance by communicating expectations, defining roles within a required competence framework and establishing achievable benchmarks. This sets the platform for rewarding individuals and teams aligned to performance levels and standards. The approach to Reward is achieved through the creation and execution of a Board approved strategy which is market and organisation relevant, easy to administer and risk appropriate.

Key Accountabilities:

- Supporting the development, implementation, communication and review of variable pay mechanisms to ensure market suitability of reward and alignment with organisational goals - Specific focus on design, implementation and monitoring of fit for purpose variable incentive structures for various business units.
- Benchmarking Executive compensation and benefits with relevant comparators in the market and best practice to ensure external competitiveness of such compensation.
- Own the implementation, review and communication of the Deferred Compensation Plans for various cadres of the bank as approved by the REMCO.
- Manage the end to end implementation, Communication and review of Compensation structures for International locations and act as the SPOC for all matters in this regard. This will entail staying abreast of changing landscape of international regulations with respect to Reward.
- Overall responsibility of the Performance Management process to that PM becomes an on-going culture embedded into the DNA of the organisation.
- Ensure quality objectives are set out for employees in-line with organisational objectives (including successful cascade of objectives) and on time completion of organisational processes such as goal setting, midyear and end-year appraisals.
- Owning the process of job evaluation and job design to ensure that compensation decisions are based on the appropriate parameters and relative internal parity is maintained.
- Supporting the smooth implementation and functioning of information technology tools required for efficient functioning of Rewards related processes.
- Building networks with HR consultants and HR managers in the other banks in the region so as to share data and seek clarification on practices.
- Assisting the Head of Performance and Rewards in other Operational areas as and when required.
- Resolving employee queries pertaining to areas of responsibility.
- Directing preparation and distribution of written and verbal information to inform employees of benefits, compensation, and personnel policies as required.

Requirements

Knowledge,Skills and Experience:

- 8+years of HR experience with at least 5-6 years of specialist compensation experience with focus on Executive compensation and incentive design in the banking sector.
- Specific HR and compensation related certifications GRP, CIPD, GPHR.
- Strong people management and relationship building skills, considering the diverse range of stakeholders this role will need to interact with.
- Strong solution oriented mind-set with a can-do attitude.
- Inherent ability to understand risk and governance frameworks with the impact on rewards and performance.
- Presentation skills.
- Efficient planning skills and with a hands-on ability.
- Strong understanding of organizational interconnectivity and culture to ensure that deliverables are achieved.
- Good negotiation skills for achieving win-win outcomes with a diverse range of stakeholders.

About the Company

Established in 1979 and headquartered in the UAE capital, Abu Dhabi, the bank offers a full range of financial services to business and consumer sectors throughout an extensive network of branches across the UAE.

Internationally FGB has branches in Singapore and Qatar, representative offices in India and Hong Kong and a subsidiary in Libya.

FGBs story of growth and value creation for its stakeholders is a strong one - from Abu Dhabi origins to UAE acquisitions and an international footprint, from Corporate to Wholesale Banking including debt, transactional banking and Islamic products, from burgeoning Treasury to global money markets, asset management and research. Notably in the Consumer market FGB has developed segmented and customer centric products in all categories and brought technology and extra benefits to its customers.

Today, FGB is recognised as a world-class organisation committed to maximising value for shareholders, customers and employees as it focuses on delivering banking products and services that meet client needs and support the UAE's dynamic economy. In line with its commitment to excellence the bank continues to invest significantly in people and technology to provide superior service standards.

First Gulf Bank was awarded the 'Best Bank in the United Arab Emirates' and 'Best Bancassurance' titles at the Banker Middle East Industry Awards 2013. It was also ranked as the 3rd most powerful company in the UAE and 6th leading bank in Forbes' 'Top 500 in the Arab World' list.

First Gulf Bank carries an A+ Long-Term (IDR) rating from Fitch, an A2 Long Term Deposit rating from Moody's, an A+ Long Term Foreign Currency Rating from Capital Intelligence and a AAA Long-Term Financial Institution Rating from RAM Ratings of Malaysia.