Principal, Reward Policy Implementation

Purpose of Job

This role is responsible for providing high value specialist reward expertise to the senior stakeholders across the Bank with regards to Compensation, Benefits and Mobility policies and procedures interpretation. This includes leading the provision of expert Compensation, Benefits and Mobility consulting advice and guidance to other stakeholders in the HROD Department, including but not limited to HR Business Partners and PS&A team, developing their knowledge, capability and understanding of reward policies and procedures.

The reward policy has many dependencies with other HROD policies, including but not limited to Performance Management, Talent Acquisition and Development. This role is responsible for the continuous improvement, development and enhancement of current Compensation, Benefits and Mobility procedures and practices, to ensure they are successfully embedded and supporting other Human Resources and Organisational Development policies. This will include the introduction of improvements where appropriate, implementing and communicating changes across the Bank effectively.

This role is responsible for the end-to-end management of specific ad-hoc Reward projects, in collaboration with a diverse group of stakeholders (e.g. other Human Resources and Organisational Development teams, Finance, Communication, Business, etc.)

Accountabilities & Responsibilities

Continuous improvement of Compensation, Benefits and Mobility procedures and practices, development and implementation

• Lead Reward vertical of HR Transformation as Subject Matter Expert, facilitate cross functional collaboration within HR to help design, test and change/ engage of the new HR system.
• Work in partnership with those members of the reward team leading to successful implementation of processes and practices associated with Compensation, Benefits and Mobility policies.
• Responsible for continuous assessment of current Compensation, Benefits and Mobility procedures and practices in alignment with policy design.
• Project managing the introduction of improvements where appropriate, implementing and communicating changes across the Bank effectively.
• Managing the consultation of policy and process improvement ideas with senior stakeholders.

Ongoing management of Compensation, Benefits and Mobility process changes and implementation

• Act as the Reward lead in the management of reward and benefits policy and process implementation changes, providing project management and consultancy advice to other reward team members, and working in partnership with other HROD stakeholders.
• Maintenance of reward staff communication materials for reward policies, processes and query management
• Working in partnership with the HR Operations team and the PS&A team, to ensure query management communication materials are optimal and being used appropriately to enhance query management and reduce escalation.

Provision of expertise to the Bank

• Serve as the source of expertise regarding Compensation, Benefits and Mobility policy related procedures and interpretation, acting as an internal consultant, to other Human Resources and Organisational Development stakeholders (including but not limited to HR Business Partners, and People Solutions & Advisory) This would include providing advice and analysis in support of full understanding of the Bank’s policies, procedures and processes.
• Co-own Compensation, Benefits and Mobility communication materials (i.e. knowledge base articles, FAQs) to provide the most comprehensive information to staff and managers on processes, resolving complex issues (including query management), designing and delivering training and information sessions at the Bank.
• Interpret and translate employment demands into timely results-driven reward processes.
• Build and maintain a network of professional relationships designed to tap into and develop the best policies and plans for the Bank
• Analysing the alignment of the Bank’s reward and benefits policies and practices in relation to its comparator groups, via participation in surveys, information sharing within networks and working with external consultancy firms and attending seminars and conferences.

Reward Project Management

• This role is responsible for the end-to-end management of specific ad-hoc Reward projects, in collaboration with a diverse group of stakeholders (e.g. other Human Resources and Organisational Development teams, Finance, Communication, Business, etc.)

Leadership

• Directly accountable for project management of various Reward projects including implementation of changes..
• Champion and role model the Bank’s Behavioural Competencies and Corporate Behaviours, ensuring adherence within the team(s) so that the highest standards of integrity and ethical conduct are exhibited at all times

Knowledge, Skills, Experience & Qualifications

• A graduate, preferably with a CIPD (or equivalent) qualification having 8-12 years of work experience having an experience of delivering such Reward/ HR system transformation and associated cultural changes..
• Excellent interpersonal and relationship management skills, with a consulting mentality, and the ability to coordinate and integrate ideas and solutions across teams.
• Excellent project management skills
• Numerate and computer literate
• Good communication skills, fluent in English language, with the ability to convey complex information in a simple and engaging way.
• Effective problem-solving skills and the ability to manage conflicting priorities, within tight deadlines, prioritising work effectively.
• Ability to work autonomously and exercise sound judgement.

Reward specific:

• Significant breadth of relevant experience in all aspects of reward management, preferably including geographic mobility.
• Excellent knowledge of reward and recognition practices including pay models, job evaluation frameworks and benchmarking tools
• Significant experience of advising on a full range of reward and benefits issues
• Experience of working with senior managers on reward and recognition
• Experiencing of managing reward in organisations
• Very strong analytical skills, with MS Excel and HR systems. SAP HR desirable.

What is it like to work at the EBRD?

Our agile and innovative approach is what makes life at the EBRD a unique experience! You will be part of a pioneering and diverse international organisation, and use your talents to make a real difference to people's lives and help shape the future of the regions we invest in. 

The EBRD environment provides you with:

• Varied, stimulating and engaging work that gives you an opportunity to interact with a wide range of experts in the financial, political, public and private sectors across the regions we invest in;
• A working culture that embraces inclusion and celebrates diversity;
• An environment that places sustainability, equality and digital  transformation at the heart of what we do.

Diversity is one of the Bank’s core values which are at the heart of everything it does.  A diverse workforce with the right knowledge and skills enables connection with our clients, brings pioneering ideas, energy and innovation. The EBRD staff is characterised by its rich diversity of nationalities, cultures and opinions and we aim to sustain and build on this strength. As such, the EBRD seeks to ensure that everyone is treated with respect and given equal opportunities and works in an inclusive environment. The EBRD encourages all qualified candidates who are nationals of the EBRD member countries to apply regardless of their racial, ethnic, religious and cultural background, gender, sexual orientation or disabilities.  As an inclusive employer, we promote flexible working and expecting our employee to attend the office 50% of their working time.

Please note, that due to the high volume of applications received, we regret to inform you that we are unable to provide detailed feedback to candidates who have not been shortlisted (for further consideration).