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Karnataka, India
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Company: 1201 UOB Hong Kong
About UOB
United Overseas Bank Limited (UOB) is a leading bank in ASEAN with a global network in Southeast Asia, Asia Pacific, Europe and North America. Operating through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand and Vietnam, we have a global network of about 430 branches and offices in 19 markets. At the heart of UOB is our culture, shaped by the UOB Way and anchored on our four values – Honourable, Enterprising, United and Committed. For more than 90 years, these values have guided how we do right by our customers, collaborate with one another and create long-term value for the communities we operate in. As One Bank, we are committed to helping our colleagues build sustainable careers grounded in purpose, supported by strong values, and enriched with meaningful opportunities to grow.
Job Description
Job Summary
- Acts as the subject matter expert related to direct rewards activities and be accountable for implementing and managing all rewards programmes and processes that aligns with Group strategy to achieve business objectives.
- Acts as the Team Lead to manage the Reward & Services team, ensuring that all HR rewards and services operations are executed efficiently.
Key Responsibilities
1. Responsible for overseeing the development, implementation, and management of comprehensive compensation and benefits programs, systems management, and reporting functions within the HR function which includes salary review, calculation of annual performance bonuses and guidance on international mobility issues by working closely with the Group Rewards team.
2. Drives implementation of strategic and tactical reward initiatives that adherence to the Group reward policies and procedures.
3. Manage, deliver and implement competitive direct rewards, employee incentive and Group incentive programmes that are in compliance with country specific legal requirements.
4. Plan, manage and facilitate annual salary structure and compensation review by regular benchmarking exercises, market analyses and other cost modelling.
5. Monitor and review local Operations processes and proactively drive process streamlining, efficiencies and cost savings/optimization where possible.
6. Provide advisory and operations governance of HR processes including payroll/benefits, relevant teams and third-party vendors, adherence to risk and control requirements and reporting timelines.
7. Ensure governance of benefit costs/ policies and overview support during benefits audits, cost reconciliation, annual certification and other exercises.
8. Vendor management and governance with key benefits and wellbeing vendors. Ensure appropriate contracting, periodic service reviews, SLAs and invoicing to ensure smooth delivery of services.
9. Active participation and coordination of internal and external audit reviews, as well as related projects.
10. Ad-hoc rewards projects as assigned
Additional Requirements
Be a Part of the UOB Family
UOB is an equal opportunity employer. UOB does not discriminate on the basis of a candidate's age, race, gender, color, religion, sexual orientation, physical or mental disability, or other non-merit factors. All employment decisions at UOB are based on business needs, job requirements and qualifications. If you require any assistance or accommodations to be made for the recruitment process, please inform us when you submit your online application.
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