Reward Manager

Operating in the UAE for over 50 years, CBD manages the financial requirements of some of the largest corporates and businesses operating in the country, driving the UAE economy. Over the years, CBD has transformed into a progressive and modern banking institution winning multiple awards for its digital initiatives, credit cards, bank accounts, mobile app features and services.

CBD has been recognized as the number one bank in the UAE on the Forbes list of The World's Best Banks 2022.

As we continue to build upon our successes, we are looking for ambitious individuals who are passionate about the banking and finance industry and the markets in which CBD operates. Just as important to us is your ability to demonstrate a talent for dealing with people - your colleagues and our customers - and delivering service that really goes the extra mile.

Reward:

• Manages participation and market benchmarking exercises 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. Conducts own surveys and participates in surveys conducted by other banks.
• Monthly tracking of the staff cost budget against Finance target budgets, reviewing and improving existing tools. Prepares staff cost forecasts. Work closely with the Head of Performance and Reward, HR Strategy team and Group Heads to realize efficiencies from organization structure reviews.
• Monthly, quarterly and annual regulatory reporting (especially BRFs).
• Manages Manpower planning end to end.
• Participate in the Job Evaluation process for the Bank and makes sure JDs exist across the Bank.
• Participate in the design, implementation and governance of Reward products, like reward policy, LTIP, STI, cash bonus, etc., and supporting analytical tools.
• 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 for the outside pre-approved ranges and unbudgeted roles.
• Develop the proposals for the Bank-wide Increments and Promotions, Annual Bonus, Retention Plan proposals, etc.
• Manages the end-to-end modelling of Increments and Promotions, Bonus distribution and other Reward related processes. Also ensures the accuracy of the benefits payment calculations, in line with the Bank-wide promotions or Bank-wide annual payout.
• Supports the development of information packs for REMCO.
  
  

• Manages all the analytics linked to the Bank-wide Performance Management process.
• Establish key matrices to define the competencies and skills required for each role within the Bank along with the individual performance mapping to set-up the KPI framework.
• Ensures the performance management cycles are conducted in a timely and effective manner.
  
  

• Part of ad-hoc Performance and Reward projects as and when required.
  
  

• Bachelor's Degree or equivalent.
• Expert knowledge of HR processes and procedures.
• Knowledge of HRMS, preferably Oracle Fusion HCM.
• Implementation of end-to-end activities of Bank's recognition programs, including process, approvals and communication. This includes periodical review of the program, efficiency and streamline the processes.
  
  

• Overall, 7-10 years of experience in the Performance and Reward function.
• Advanced PowerBI skills.
• Good standard of written and spoken English.
• Must have successfully completed other HR/Reward related trainings.