JOB SUMMARY
The PRB Specialist, Cash Compensation supports the design, governance and execution of cash compensation programmes across the Bank. The role ensures that Fixed and Variable Pay arrangements are competitive, compliant with UK and global regulatory requirements, and aligned with the Bank’s strategy and reward philosophy.
RESPONSIBILITIES
Strategy
• Compensation design and delivery – support the annual pay cycle including salary review, bonus planning and incentive schemes
• Support market benchmarking activities / external compensation surveys
• Analyse pay data to assess competitiveness, internal equity, and alignment with reward strategy
• Act as a subject matter expert on cash compensation matters within PRB and HR
• Develop global communications including internal broadcasts, guidance materials and other collaterals in partnership with colleagues across the team
• Partner with team members to deliver global briefing calls for HR stakeholders and People Leaders
Business
• Engage with key stakeholders to ensure all views and inputs are considered when improving processes and systems
• Prepare modelling scenarios and cost impact analysis relating to pay proposals to support business decision-making
• Produce clear insights, dashboards and make recommendations where required, for consideration by senior stakeholders
Processes
• Administer fixed and variable pay in line with approved frameworks, standards and governance requirements
• Contribute to continuous improvement and improved effectiveness of compensation processes, tools and systems including playing an active role in the annual ‘Review of the Review’
• Support automation, standardisation and simplification initiatives across global reward operations
• Support delivery of projects involving project planning, data management approach, technology enhancements, operational execution and process design, implementing changes with regards to regulatory requirements, compensation statements and high-level global analytics (with a focus on anomaly detection and resolution)
People & Talent
• Support retention of talent through effective pay practices
• Partner closely with the PMCC Operations team to deliver work effectively with a focus on upskilling colleagues and building deeper technical knowledge within the team
Risk Management
• Maintain strong controls, audit trails, and documentation to support regulatory reviews and internal reviews/audits, where required
Governance
• Ensure cash compensation practices comply with UK regulations (including PRA/FCA requirements) and applicable local regulations in other markets
• Support remuneration governance processes, including documentation for internal committees / external regulators, where required
Regulatory & Business Conduct
• Display exemplary conduct and live by the Group’s Values and Code of Conduct.
• Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Key Stakeholders
• Performance, Reward and Benefits Advisory Team
• Head, PRB Group processes
• Reward Governance team
• Reward Analytics team
• HR Business Partners & HR Advisory colleagues
• Performance Management & Cash Compensation Operations
Other Responsibilities
• Embed Here for good and Group’s brand and values in PRB; Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
Our Ideal Candidate
• 10+ years of experience in compensation / Total Reward
• Strong working knowledge of compensation practices in financial services / large multinationals
• Experience in developing guidelines / frameworks relating to compensation practices
• Experience in leveraging internal insights and external market data to make informed decisions and recommendations on pay
Role Specific Technical Competencies
• Analytical skills
• Stakeholder management
• Problem-solving
• Communication
• Detail-oriented
• Knowledge of compensation practices
• HR policies, standards & procedures
• Influencing skills
About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can't wait to see the talents you can bring us.
Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion.
Together we:
• Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
• Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
• Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
What we offer
In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.
• Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
• Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
• Flexible working options based around home and office locations, with flexible working patterns.
• Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
• A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
• Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.
Recruitment Assessments
Some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.
Visit our careers website www.sc.com/careers
