Job Description
Job Description:
Job Title - Head – India Payroll and Benefits Operations
Location - Bangalore
Role Description
The role heads the Payroll and Benefits Operations for Deutsche Bank Group in India with 6 legal entities engaged in global banking and financial services, with ~25+ tax entities, ~16000+ permanent headcount, ~20+ compensation/ benefit plans and ~++ benefit trusts. This role also leads Benefits Operations for US, UK, Ireland, Singapore and HK locations.
What we'll offer you
• As part of our flexible scheme, here are just some of the benefits that you'll enjoy
• Best in class leave policy
• Gender neutral parental leaves
• 100% reimbursement under childcare assistance benefit (gender neutral)
• Sponsorship for Industry relevant certifications and education
• Employee Assistance Program for you and your family members
• Comprehensive Hospitalization Insurance for you and your dependents
• Accident and Term life Insurance
• Complementary Health screening for 35 yrs. and above
Your key responsibilities
Key Relationships/ Interactions:
• Global HR across various teams
• Global Finance, Legal, Compliance, Technology and Risk Functions
• Payroll and Benefits Vendors
• Statutory/ Regulatory/ Compliance/ Tax Officials
• Internal and External Auditors
Key Requirements:
• Leads all Payroll and Benefits Operations functional areas including payroll transactions, payroll governance, payroll internal accounting and benefits operations, ensuring transitions, delivery and performance as per the necessary service level requirements
• Responsible for setting objectives and standards to ensure effective operations including delivery of reporting, analytics, policy, communications, compliance, controls and assurance – is the signatory for Form-16 for the organization
• Building partnerships with senior leadership across stakeholder groups in implementing strategic objectives, and developing/ updating/ implementing organization-wide policies and procedures
• Closely works with the Head HR Payroll Governance – APAC, the HR Chief Operating Officer – India and Global Payroll Governance Community of Practice to ensure compliance to the organization's internal controls, policies and standards
• Manages vendor partnerships for payroll, benefits delivery, and tax and labour compliance, and manages vendor relationships including selection, negotiation, consolidation, setting service level expectations, putting up risk and control frameworks and ensuring oversight and prudent management in meeting the service requirements
• Manages operational risk matters, performs regulatory compliance and independent risk reviews, leads and coordinates end-to-end audit and control processes
• Engages with internal and external auditors as well statutory/ compliance officials such as labor officers, provident fund officers, income tax authorities, and banking/ delivery center regulators
• Manages escalations within the organization and also with external stakeholders for complex engagement issues while providing guidance and intervention to resolve grievances
• Responsible for conceptualizing, proposing, planning, designing, leading, driving, and implementing development initiatives for automation, consistency, accuracy and integrity
• Ensures production of monthly reporting for various control activities for performance review/ service review/ operations review including ensuring all vendor stakeholders provide updates in a timely and professional manner
• Leads a team of 15-20 Payroll and Benefits Operations team members comprising AVPs, Associates and Analysts and is responsible for managing, leading, coaching, mentoring and developing team members in order to optimize operational excellence and create a deeper bench of experienced talent
• Acts as a key partner and strategic advisor in delivery of the Total Rewards vision through superlative employee experience by partnering closely with other HR teams globally.
• Leads a team of Benefits Operations Specialists in delivering the Employees Benefits for India, US, UK, Ireland, Singapore and HK locations
Your skills and experience
• Degree in Commerce or Financial Management
• 15-20 years post qualification experience as a Payroll and Benefits Manager/ Administrator
• Strong understanding of employment, corporate and tax laws, regulatory and statutory reporting requirements, and global and local accounting standards
• Strong understanding of key technologies, data and information technology standards including security standards
• Experience in engaging senior internal and external stakeholders including auditors, statutory and regulatory compliance authorities, and global vendors.
Recommended Key Competencies:
• Experience in heading a Payroll function from an end-to-end perspective from developing processes, KOPs and SLAs to managing a diverse team to meet them and ensure timely delivery
• Global experience and the ability to work collaboratively with colleagues across the globe
• Commercial acumen with the foresight to anticipate organization needs, ability to provide challenge and best practice input
• Keenness to thrive in a dynamic and fast paced environment with changing circumstances
• Strong team management and inspiring leadership ability
• Strong communication and influencing skills
• Ability to prioritize, multi-task and drive results through teams
• Strong analytical skills – hands-on/ pragmatic problem solving
• Experience in transformational change in complex global firms
• Ability to influence and building strong relationships at all levels in a global organization
• Professional and proactive approach, particularly in ability to liaise with stakeholders across the organization and able to influence thinking in senior people
• A conceptual thinker with the ability to translate complex concepts into clear messages and executable plans; able to adapt own style to situations or the audience
• Able to work under pressure and interact credibly with HR and business colleagues
• Have a good level of tolerance for ambiguity
How we'll support you
• Training and development to help you excel in your career
• Coaching and support from experts in your team
• A culture of continuous learning to aid progression
• A range of flexible benefits that you can tailor to suit your needs
Report this listing
Typical Pay for this Type of Work
AmbitionBox
₹6.5L–18Lper year
Operations Manager
Based on local employers
Deutsche Bank
AmbitionBox
4.1 - 2,115 reviews
Glassdoor
4.0 - 11,680 reviews
Indeed
3.8 - 3,1+2 reviews
db.com
More jobs at Deutsche Bank
See web results for Deutsche Bank
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Job Title - Head – India Payroll and Benefits Operations
Location - Bangalore
Role Description
The role heads the Payroll and Benefits Operations for Deutsche Bank Group in India with 6 legal entities engaged in global banking and financial services, with ~25+ tax entities, ~16000+ permanent headcount, ~20+ compensation/ benefit plans and ~++ benefit trusts. This role also leads Benefits Operations for US, UK, Ireland, Singapore and HK locations.
What we'll offer you
• As part of our flexible scheme, here are just some of the benefits that you'll enjoy
• Best in class leave policy
• Gender neutral parental leaves
• 100% reimbursement under childcare assistance benefit (gender neutral)
• Sponsorship for Industry relevant certifications and education
• Employee Assistance Program for you and your family members
• Comprehensive Hospitalization Insurance for you and your dependents
• Accident and Term life Insurance
• Complementary Health screening for 35 yrs. and above
Your key responsibilities
Key Relationships/ Interactions:
• Global HR across various teams
• Global Finance, Legal, Compliance, Technology and Risk Functions
• Payroll and Benefits Vendors
• Statutory/ Regulatory/ Compliance/ Tax Officials
• Internal and External Auditors
Key Requirements:
• Leads all Payroll and Benefits Operations functional areas including payroll transactions, payroll governance, payroll internal accounting and benefits operations, ensuring transitions, delivery and performance as per the necessary service level requirements
• Responsible for setting objectives and standards to ensure effective operations including delivery of reporting, analytics, policy, communications, compliance, controls and assurance – is the signatory for Form-16 for the organization
• Building partnerships with senior leadership across stakeholder groups in implementing strategic objectives, and developing/ updating/ implementing organization-wide policies and procedures
• Closely works with the Head HR Payroll Governance – APAC, the HR Chief Operating Officer – India and Global Payroll Governance Community of Practice to ensure compliance to the organization's internal controls, policies and standards
• Manages vendor partnerships for payroll, benefits delivery, and tax and labour compliance, and manages vendor relationships including selection, negotiation, consolidation, setting service level expectations, putting up risk and control frameworks and ensuring oversight and prudent management in meeting the service requirements
• Manages operational risk matters, performs regulatory compliance and independent risk reviews, leads and coordinates end-to-end audit and control processes
• Engages with internal and external auditors as well statutory/ compliance officials such as labor officers, provident fund officers, income tax authorities, and banking/ delivery center regulators
• Manages escalations within the organization and also with external stakeholders for complex engagement issues while providing guidance and intervention to resolve grievances
• Responsible for conceptualizing, proposing, planning, designing, leading, driving, and implementing development initiatives for automation, consistency, accuracy and integrity
• Ensures production of monthly reporting for various control activities for performance review/ service review/ operations review including ensuring all vendor stakeholders provide updates in a timely and professional manner
• Leads a team of 15-20 Payroll and Benefits Operations team members comprising AVPs, Associates and Analysts and is responsible for managing, leading, coaching, mentoring and developing team members in order to optimize operational excellence and create a deeper bench of experienced talent
• Acts as a key partner and strategic advisor in delivery of the Total Rewards vision through superlative employee experience by partnering closely with other HR teams globally.
• Leads a team of Benefits Operations Specialists in delivering the Employees Benefits for India, US, UK, Ireland, Singapore and HK locations
Your skills and experience
• Degree in Commerce or Financial Management
• 15-20 years post qualification experience as a Payroll and Benefits Manager/ Administrator
• Strong understanding of employment, corporate and tax laws, regulatory and statutory reporting requirements, and global and local accounting standards
• Strong understanding of key technologies, data and information technology standards including security standards
• Experience in engaging senior internal and external stakeholders including auditors, statutory and regulatory compliance authorities, and global vendors.
Recommended Key Competencies:
• Experience in heading a Payroll function from an end-to-end perspective from developing processes, KOPs and SLAs to managing a diverse team to meet them and ensure timely delivery
• Global experience and the ability to work collaboratively with colleagues across the globe
• Commercial acumen with the foresight to anticipate organization needs, ability to provide challenge and best practice input
• Keenness to thrive in a dynamic and fast paced environment with changing circumstances
• Strong team management and inspiring leadership ability
• Strong communication and influencing skills
• Ability to prioritize, multi-task and drive results through teams
• Strong analytical skills – hands-on/ pragmatic problem solving
• Experience in transformational change in complex global firms
• Ability to influence and building strong relationships at all levels in a global organization
• Professional and proactive approach, particularly in ability to liaise with stakeholders across the organization and able to influence thinking in senior people
• A conceptual thinker with the ability to translate complex concepts into clear messages and executable plans; able to adapt own style to situations or the audience
• Able to work under pressure and interact credibly with HR and business colleagues
• Have a good level of tolerance for ambiguity
How we'll support you
• Training and development to help you excel in your career
• Coaching and support from experts in your team
• A culture of continuous learning to aid progression
• A range of flexible benefits that you can tailor to suit your needs
Report this listing
Typical Pay for this Type of Work
AmbitionBox
₹6.5L–18Lper year
Operations Manager
Based on local employers
Deutsche Bank
AmbitionBox
4.1 - 2,115 reviews
Glassdoor
4.0 - 11,680 reviews
Indeed
3.8 - 3,1+2 reviews
db.com
More jobs at Deutsche Bank
See web results for Deutsche Bank
FeedbackLearn more
Turn on email alerts for jobs
💡 Quick Summary
Seeking a career-building opportunity? The India Head of Payroll and Benefits Operations position is now open for candidates interested in the Bank Jobs sector. This role in Bengaluru offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
