Opening on: May 4, 2023 at 05:00pm (China Standard Time)
Closing on: May 25, 2023 at 05:00pm (China Standard Time)
Based in: Shanghai, China
Target Market: Global recruitment
PURPOSE OF ROLE
1. Reporting to the Director General, Human Resources, this position will be responsible to execute the HR vision and strategy of the Bank and assist in providing high-value specialist compensation and benefits expertise to the Bank. This requires the continuous assessment of the market competitiveness of the Bank’s total reward package whilst aligning it with the goals and strategy of the Bank in attracting, motivating, and retaining talent to facilitate the realization of the Bank’s growth aspirations in partnership with all internal stakeholders.
2. The incumbent will also work in all the other areas of Human Resources, as and when required.
SPECIFIC RESPONSIBILITIES include but are not limited to:
1. Develop, implement, communicate, and handle the compensation and benefits policies of the Bank.
2. Handle the relevant human resources processes in the Bank with the objective to build an organizational climate of meritocracy, collaboration, result-driven orientation, organizational efficiency, trust, diversity, shared values, and mutual respect.
3. Analyse and recommend continuous improvements to the compensation and benefits framework and practices, including the development of policies and procedures to support these changes. Recommend salary structure movements and salary increase budgets.
4. Perform annual compensation and benefits benchmarking exercises and compensation surveys, in partnership with external consultants and after adequate research, to ensure that the Bank remains competitive in the market and incorporate suggestions from the Management and Board.
5. Responsible for providing input to the development and communication of the Bank’s total reward strategy, ensuring that it is clearly understood and that policies and plans support this strategy.
6. Provide support to the Director General, Human Resources, in the development of the annual compensation proposals made to the Management and Board, and recommend changes appropriate to establish and maintain a competitive total rewards package aligned to the Bank’s general strategy, including a focus on the link between performance and reward.
7. Management and ownership of specific total reward projects to develop specialist solutions in the area of compensation and benefits.
8. Design communication to staff on the Bank’s total reward philosophy, policies, and processes via a number of different channels, including the design and provision of training, information, and education sessions to staff and HR colleagues.
9. Analysing the Bank’s compensation and benefits policies and practices in relation to its comparator groups, via participation in surveys, working with external consultancy firms, and attending seminars and conferences.
10. Lead annual benefits renewal process and participate in negotiating benefit coverage with service providers.
11. Assist in making proposals to the Management and the Board for matters related to human resources.
12. Keep abreast of the market developments, trends, opportunities, and challenges in the field of compensation and benefits and provide inputs to the Director General, Human Resources, on various interventions.
13. Ensure compliance with all applicable policies, guidelines, systems, and processes effectively.
14. Collaborate and work with team members on various projects and assignments.
15. Other duties and responsibilities assigned from time to time.
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1. Minimum of 9 years of relevant professional experience in a multilateral development bank or equivalent or regulated private sector financial institution or a large corporate enterprise with an in-depth experience in various areas of Human Resources.
2. Good communication skills, fluent in the English language, with the ability to convey complex information in a simple and engaging way.
3. Effective problem-solving skills and the ability to manage conflicting priorities, within tight deadlines, prioritizing work effectively.
4. Excellent knowledge of reward and recognition practices, including pay models, job evaluation frameworks, and benchmarking tools.
5. Ability to handle and manage confidential information.
6. Relevant experience in a multicultural work environment fostering a climate of teamwork and collaboration.
7. Demonstrated experience in working with and influencing management and other stakeholders on total rewards.
8. Very strong analytical skills, with MS Excel and HR systems. SAP HR desirable.
9. Ability to work autonomously and exercise sound judgment.
10. Master’s Degree or equivalent in the relevant field from a reputed university. Relevant certification/s from globally recognized certification agencies in the related field would be preferred.
HOW TO APPLY
Please be sure to fill out all sections in English, without using ALL capital letters.
Please upload a resume/CV in English and do not upload a Resume/CV which has more than 10 pages.
If you are interested in applying for this position, please submit the application form given below. In case you face any technical difficulty in submitting the application form, please email your detailed Curriculum Vitae only in English and Word format along with the required information (Date of Birth, Nationality, Gender, Information on relatives working or associated with NDB, if any, etc.) to career@ndb.int. Please mention the Position Title you are applying for in the subject of the email.
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