Reward Governance Senior Specialist

Standard Chartered Bank
London, United Kingdom
09 Mar 2023
08 Apr 2023
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
The Role Responsibilities
  • Ensure that the Group's remuneration-related policies and processes are compliant with regulatory requirements and expectations through a regular review of variable compensation plans and fixed pay components. Produce remuneration-related regulatory submissions and oversee the preparation and review of regulatory reporting data tables.
  • Interpret the implications for the Group of new or revised regulation by drafting responses to consultations and reviewing the alignment of internal practices through detailed gap analyses.
  • Oversee subsidiary remuneration governance by partnering with the country and regional reward teams on the implementation of country-specific regulations in key markets. Ensure appropriate global alignment and consistency on how subsidiaries manage requirements (including remuneration committees) and regulatory reporting.
  • Support the preparation for the Group Remuneration Committee, the Group Reward Plan Committee and the Remuneration Adjustment Committee meetings by writing proposals in papers to ensure the proper governance of remuneration, particularly relating to the risk adjustment of remuneration.
  • Maintain a governance framework for incentives and other aspects of remuneration that is efficient, effective and agile by supporting the design and maintenance of policies, standards, guidelines, detailed operating instructions and communication templates. Develop and maintain Group-wide conformance testing, monitoring and reporting to provide assurance that Group-wide policies and processes are being followed.
  • Awareness and understanding of the strategy of the Group and its subsidiaries and model appropriate to the role.
  • Awareness and understanding of the wider business, economic and market environment in which the Group and its subsidiaries operates.
  • Responsible for ensuring reward policies and practices are compliant with regulatory requirements and aligned with the long-term interests of the Group.
People and Talent
  • Lead through example and build the appropriate culture and values within the broader team.
Risk Management
  • Ensure a full understanding of the risk and control environment in area of responsibility in line with the Group's Risk Management Framework and the regulatory framework in which the Group operates, particularly in respect of reward governance and executive compensation.
Other Responsibilities
  • Embed Here for good and Group's brand and values in Executive Compensation and Reward Governance.
  • Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
  • Support the Global Head, Performance, Reward and Benefits, and the Head, Executive Compensation & Reward Governance with all aspects of reward as required.
  • Monitor market intelligence on competitor activity and industry best practice.
Our Ideal Candidate
  • No specific qualifications needed but in-depth knowledge of PRA Rulebook, SM&CR and other associated regulations preferred.
Role Specific Competencies
  • Compensation Management
  • Effective Communications
  • Equity-Based Pay Programs
  • Incentive Programs
  • HR Legal and Regulatory Environment
  • HR: Policies, Standards and Procedures
About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 160 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents. And we can't wait to see the talents you can bring us.

Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion. Together we:
  • Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
  • Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
  • Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
  • In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.
  • Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations
  • Time-off including annual, parental/maternity (20 weeks), sabbatical (12 weeks maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum
  • Flexible working options based around home and office locations, with flexible working patterns
  • Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
  • A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning
  • Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.
  • Recruitment assessments - some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.
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