Senior Reward Manager

Job Purpose

The role manages the end-to-end implementation of reward associated programmes at CBD by working closely with Head of PROPs, Head of HR and Emiratization, and Head of Talent Acquisition.
The role also provides vital, tactical, and developmental support in the reward activities, recognition management, and performance management processes and systems.
Manage and lead a team which provides analytical and other support related to performance, reward, and recognition activities.

Principal Accountabilities

• Benchmark with banking industry to ensure competitiveness of the reward programs, including survey participation with leading survey providers.
• Build networks with HR consultants and HR management in other banks in the region to share data and seek clarification on practices. Conduct own surveys and participate in surveys conducted by other banks.
• Manage the staff cost budget and ensure that staff cost is tracked closely against approved budgets. Prepare staff cost forecasts from time to time for HRC and REMCO reviews. Work closely with the Head of PROPs, People Strategy, Talent Acquisition, and Group Heads to realize efficiencies from organization structure reviews.
• Provide governance on the organizational design processes, including job catalogue and position management, to ensure jobs and positions are methodically structured at CBD.
• Manage the job evaluation process for the bank and act as the custodian of job descriptions across the bank.
• Participate in the design of the Long-Term Incentive Plan (LTIP) and ensure the implementation governance. Review all short-term bank-wide sales incentive plans and make recommendations for any changes in the design of the plans.
• Review and recommend the salary package for new hires outside pre-approved ranges and unbudgeted roles.
• Work closely with the Head of PROPs in designing proposals for changes in reward programs. Also develop proposals for the bank-wide increments and promotions, annual bonus, retention plan proposals, etc.
• Manage the end-to-end implementation of increments and promotions, bonus modelling, and other rewards related processes. Also ensure the accuracy of benefits payment calculations in line with the bank-wide promotions or annual payout.
• Work with the Head of HR and Emiratization to ensure that the bank’s Emiratization strategy is followed in all functions.
• Act as a change agent in the implementation of the right technological platforms for strengthening the performance management system and process.
• Drive and manage the development and implementation of the bank-wide performance management system.
• Establish key matrices to define the competencies and skills required for each role within the bank along with individual performance mapping to set up the KPI framework.
• Ensure the performance management cycles are conducted in a timely and effective manner.
• Support ad hoc HR projects as and when required as well as being the HR key person on a number of business-led projects.
• Manage the end-to-end activities of the bank’s recognition programs, including the design, policy, process, approvals, and communication. This includes periodical review of the program, efficiency, and streamlining the processes.