Manager - HR Compensation & Benefits

Job Purpose:

This role is responsible to design, administrate, and governance of compensation programs by delivering accurate analysis, market insights and operational execution. The role ensures pay decisions are consistent, market-aligned, and compliant with internal policies and statutory requirements.

Key Responsibilities:

a) Compensation Administration & Execution:

• Support the administration of compensation programs including salary structures, pay ranges, promotions and variable pay.
• Execute annual and off-cycle compensation activities such as merit increases and internal movements.
• Validate compensation proposals to ensure adherence to policy, pay ranges, and approval thresholds.

b) Market Benchmarking & Analysis:

• Participate in compensation surveys and maintain market pricing data.
• Conduct benchmarking and pay comparisons for roles across levels and functions.
• Prepare pay positioning analysis and cost impact calculations for hiring, promotions and retention cases.
• Support pay equity, compression, and anomaly analysis.

c) Stakeholder & HRBP Support:

• Partner with HRBPs and Talent Acquisition to provide compensation inputs for internal movements.
• Respond to compensation-related queries from HR with data-backed recommendations.
• Support retention and counter-offer cases with structured analysis.

d) Job Evaluation & Job Architecture Support:

• Assist in job evaluation and role leveling exercises using the organizations job evaluation framework.
• Ensure consistency between job level, role scope, and compensation outcomes.
• Maintain job and compensation documentation and audit trails.

e) Systems, Data & Reporting:

• Maintain accurate compensation data in HR systems
• Generate standard and ad-hoc reports to support decision-making, audits, and finance coordination.
• Support budgeting, forecasting, and reconciliation related to compensation spend.

f) Policy & Governance Support:

• Support the development and maintenance of compensation policies, guidelines, and SOPs.
• Ensure compensation processes are audit-ready and well-documented.
• Flag deviations and risks related to pay governance.

Job Requirements:

• MBA HR / MSW / MHRM
• 4 years of experience in Compensation or Total Rewards with strong hands-on compensation exposure from Banking / Financial Services.
• Experience supporting salary reviews and internal movement compensation
• Advanced Excel skills
• Good understanding of compensation principles, market practices, and internal equity
• Strong analytical and numerical skills
• Attention to detail and data accuracy
• Structured problem solving
• Stakeholder coordination
• Governance and compliance mindset
• Clear written and verbal communication