Compensation and Benefits Manager

POSITION PURPOSE

Part of the APAC Compensation & Benefits Centre of Excellence, the role will provide advice and solutions faced by stakeholders the role supports, and execute on the successful delivery on cyclical and ad hoc C&B related activities.

The role will support businesses and stakeholders operating across the Asia Pacific region. The Asia Pacific region comprises of 13 locations - Australia, China, Hong Kong, India, Indonesia, Japan, Korea, Malaysia, New Zealand, Singapore, Taiwan, Thailand, and Vietnam.

This role will be an individual contributor role, and expected to play a contributing role in a team environment.

Key Responsibilities

Direct Responsibilities

Compensation Review Process (CRP)

Provide support in all aspects of the CRP cycle as part of the APAC C&B team to local HR stakeholders
In particular, during CRP this role will have specific business and/or function line coverage, which the role will work closely with the dedicated regional HRBP for their business/function line coverage. This includes supporting during the
Bonus calibration process
Hierarchy building process
Preparing analysis before and during the salary/bonus proposal phase (e.g. bonus forecasting, market benchmark trends and analysis)
Support the HRBP to prepare for and attend the compensation committee meetings, as required
Prepare for Announcement Day, and post-Announcement Day activities

Market Benchmarking Activities

Conduct market benchmarking and analysis to ensure competitive compensation pay practices
Act as a subject matter expert on the data collection process for the annual compensation benchmarking survey cycle
Coordinate with local countries, as required to support the completion of the data submission process of the annual compensation benchmark survey.
May be involved in the completion of ad Hoc benchmark surveys

Monitoring and Controls

Regularly monitors that operational control initiatives are sufficiently in place (e.g. CRP cycle activities; buy-outs; guaranteed bonuses; off-cycle compensation-related activities; sign-on awards; Leaver-type status records; general data accuracy and integrity)
Monitor the delivery of CRP with a mindfulness to ensure both the region and local HR teams are operating within the control plan relating to CRP controls
Maintain sufficient documentation is in place for internal/external reviews and audits (confirmation approval emails; data integrity in compensation-related tools [e.g. SPEAR, Compas, Dibox]), and processes (e.g. Risk and Conduct/Compliance review)

Other Activities

Review and evaluate compensation related policies and practice
Support the review and preparation of buyout calculations (pre-buyout and final buyout calculations)
Handle ad hoc compensation and benefits initiatives
Serve as a regional support for technical compensation and benefits queries to ensure alignment to global/regional processes and procedures, taking into consideration local requirements as necessary.
Work collaboratively with local, regional and global teams on C&B projects as required

Contributing Responsibilities

Ensure proper implementation of approval delegation framework
Ensure proper implementation of HR delegations framework in the Region
Ensure compensation and benefits programs effectively implemented
Initiate development and enhancement methods to improve efficiency and effectiveness in C&B related operations and processes
Act as animator of HR community in the Region for all C&B related matters, to provide professional consultation, advice and knowledge sharing to other HR teams

Competencies (Technical / Behavioral)

Demonstrates ability to manage carefully, and be trusted with highly sensitive and confidential information
Analytical Ability and Data Management Skills: Able to handle large data sets and translate the information into relevant analysis, and present in a manner that supports decision-making, or to identify various conclusions. Demonstrates ability to manage sensitive and confidential information
Project Management skills, including being well-organized, and able to prioritize activities in order to adapt to fast-paced, and a deadline-oriented environment
Client-focused – demonstrates personal commitment to delivering on requests; provides recommendations and suggests alternatives when appropriate to support the request
Possesses a natural innate ability to be curious and is open to change; able to share ideas and ask questions to enable innovation with a purpose; leverages on feedback received to improve and exceed expectations on delivery of results
Demonstrates collaborative and collegial behavior; spends time developing positive relationships with others; working with colleagues to build on team success
Ability to work independently, and able to take ownership of issues and concerns to engage relevant stakeholders to resolve

Experience and qualifications required

Preference towards bachelor’s degree, or higher with a focus in Human Resources, Business, Finance/Accounting
A minimum of 6 years of relevant experience, in compensation management, with expertise in job evaluation, market benchmarking, global/international mobility operations and/or plan design will be an advantage.
Experience working in a regional or global scope is strongly preferred
Strong proficiency in MS Office (Excel/Words/Power Points; vba coding capability is a plus)
Comprehensive knowledge of HRIS and C&B processes
Excellent interpersonal and verbal/written communication skills
Proficiency in spoken and written English

About BNP PARIBAS

As the leading European Union bank, and one of the world’s largest financial institutions with an uninterrupted presence in the region since 1860, BNP Paribas offers a wide range of financial services for corporate, institutional and private investors spanning corporate and institutional banking, wealth management, asset management and insurance.

We passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued and encourage applicants of all backgrounds, including diversity of origin, age, gender, sexual orientation, gender identity, religion applicants who may be living with a disability. We have a number of internal employee networks in place to empower our staff to act and challenge the status quo.

• BNP Paribas PRIDE is highly active in favour of the LGBTQIA+ community
• BNP Paribas MixCity which fosters better representation of women at all levels of the organization
• Ability, the mutual aid network for employees with a disability or a disabling or chronic illness
• BNP Paribas CulturAll which celebrates diverse backgrounds

BNP is committed to financing a carbon-neutral economy by 2050. The Group is a founding member of the Net-Zero Banking Alliance and has set up its own Low Carbon Transition Group to support its clients through their energy transitions.

More information

Award Obtained

BNPP has won Top employer Europe award in a 10th consecutive year