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Stanbic IBTC Holdings is a member of Standard Bank Group which is Africa’s largest banking group ranked by assets and earnings and has been in business for more than 150 years. It is a global Bank with African roots and has extensive operations in 19 African countries including South Africa and 12 countries outside Africa including key financial centers like Europe, United States and Asia making us one of the biggest banking networks in the continent. It operates in Nigeria as Stanbic IBTC Bank; a subsidiary of Stanbic IBTC Holdings

Job Detail

Experience: 7year(s)

Job ID: 12764
Closing Date: Jan 13, 2015
Position Description
To drive the development, implementation and administration of a reward strategy which supports the Stanbic IBTC business objectives and is aligned to the Standard Bank Group’s global and regional reward strategies.
Key Result Areas
• Develop and implement reward strategy to support the goals and objectives of Stanbic IBTC
• Align the reward strategy of Stanbic IBTC with the global reward strategy for the Standard Bank Group
• Oversee the effective management of the remuneration and reward process (salary increase, promotions, short term incentive schemes, long term incentive schemes) during the Annual Review.
• Communicate the Total Reward to the staff which includes LTI statements, EGS statements and compiling Bonus figures during the review period.
• Effective management of the group-wide job evaluation process.
• Preparation and collection of REMCO packs
• Provision of a total reward consulting to the business through effective internal and external stakeholder engagement
• Analyze qualitative and quantitative data required to inform a strategic reward plan to the country EXCO and REMCO.
• Keep abreast of the latest market conditions and trends in order to identify risks to the business.
• Investigate new remuneration and benefits structures and models and make improvement recommendations.
• Compile Remuneration and Benefits reports (monthly, quarterly and annual).
• Periodic assessment of the selected HMO’s delivery of medical benefits to employees.
• Implement and sustain non monetary recognition arrangements which will create and embed a culture of spontaneous recognition e.g. Long Service Awards.
• Implement and maintain a reward communication strategy that enhances transparency and keeps employees informed.
• Develop, maintain and implement a total reward offer for incoming hires.
• Align performance management to reward philosophy.
Required Skills and Qualifications
 Good data gathering and analysis skills
 Baseline knowledge of business risks issues.
 Proficiency in the use of MS Office suite.
 Knowledge of banks products and services and transaction flow.
 Minimum of a Bsc Degree in any related discipline
 7 years experience working in a similar role
 Relevant HR professional qualifications will be an added advantage
Required Competencies
Important Relationships
Internal relationships with HR Business Partners, Resourcing Team, Shared Services, Line Managers and EXCO Function Heads.
External relationships with prospective hires, HMOs, colleagues across other Banks, Reward Survey Consultants.
We are an equal opportunities employer and are totally opposed to discrimination in any form. It is our policy to provide equal employment opportunities for all employees regardless of race, sex, colour, nationality, national or ethnic origin, sexual orientation, marital / partnership status, religion, age or disability.
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