Assistant Vice President - Compensation and Benefits

Assistant Vice President - Compensation

About Us

SBI Card is a leading pure-play credit card issuer in India, offering a wide range of credit cards to cater to diverse customer needs. We are constantly innovating to meet the evolving financial needs of our customers, empowering them with digital currency for seamless payment experience and indulge in rewarding benefits. At SBI Card, the motto 'Make Life Simple' inspires every initiative, ensuring that customer convenience is at the forefront of all that we do. We are committed to building an environment where people can thrive and create a better future for everyone.

SBI Card is proud to be an equal opportunity & inclusive employer and welcome employees without any discrimination on the grounds of race, colour, gender, religion, creed, disability, sexual orientation, gender identity, marital status, caste etc. SBI Card is committed to fostering an inclusive and diverse workplace where all employees are treated equally with dignity and respect which makes it a promising place to work.

Join us to shape the future of digital payment in India and unlock your full potential.

What’s in it for YOU

1. SBI Card truly lives by the work-life balance philosophy. We offer a robust wellness and wellbeing program to support mental and physical health of our employees
2. Admirable work deserves to be rewarded. We have a well curated bouquet of rewards and recognition program for the employees
3. Dynamic, Inclusive and Diverse team culture
4. Gender Neutral Policy
5. Inclusive Health Benefits for all - Medical Insurance, Personal Accidental, Group Term Life Insurance and Annual Health Checkup, Dental and OPD benefits
6. Commitment to the overall development of an employee through comprehensive learning & development framework

Role Purpose

Responsible for Partner in design & implementation of total rewards philosophy in line with organizational strategy.

Role Accountability

1. Support in design and implementation of organizational rewards philosophy
2. Manage Job evaluation process
3. Responsible for Manpower planning & budgeting
4. Manage Org Structure & design
5. Design and ensure flawless implementation of increment framework- merit increase/promotion increase/salary correction etc
6. Manage end to end implementation of LTI & STI framework
7. Manage all HR documentation pertaining to board/NRC resolutions
8. Support in design, renewal and communication of HR policies
9. Liaison with HR consultants to gather market information around rewards linked practices
10. Implement salary benchmark surveys and design role/hiring ranges
11. Manage C&B operations, including VIC payouts, Compensation provisioning etc.
12. Manage timely onboarding, renewal and billing of all compensation vendors
13. Ensure and direct the department in resolving salary and other reimbursement related queries / concerns of employees on an ongoing basis.

Measures of Success

1. Timely & accurate implementation of Increments
2. Timely & accurate implementation of LTI/STI programs
3. Timely & accurate implementation of compensation related HR Policies
4. Timely launch of salary benchmarking surveys
5. Initiatives undertaken to enhance the quality of compensation programs
6. Timely finalization of pay ranges
7. Timely & accurate documentation of board/NRC resolutions
8. Planned vs actual headcount numbers and cost
9. Timely and accurate MIS/business reporting
10. Process adherence as per SOP
11. Implement errorfree manpower planning
12. Timely creation of Organization Structures.

Technical Skills / Experience / Certification

1. Strong working knowledge of HR policies, processes & industry practices
2. Ability to objectively analyze current practices, identify improvement opportunities, create buy in and drive implementation
3. Knowledge of the legal and regulatory environment as it relates to employee compensation and benefits, including emerging legislation
4. Understanding of Job Evaluation methodology(preferred)

Competencies critical for role with High Proficiency

1. Analytical Ability
2. Problem Solving Skills
3. Detail Orientation
4. Influencing Skills
5. Stakeholder Management
6. Market Awareness

Qualification:

MBA in Human Resources

Preferred Industry

Any industry

Experience Level

Executive Level