: Overview Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. We are committed to attracting and retaining top talent across the globe to ensure our continued success. Along with taking care of our customers, we want to be the best place for people to work and aim at creating a work environment where all employees have the opportunity to achieve their goals. We are a part of the Global Business Services which delivers technology and operations capabilities to all Bank of America lines of business (LOB) and enterprise functions. Our employees help our customers and clients at every stage of their financial lives, helping them connect to what matters most. This purpose defines and unites us. Every day, we are focused on delivering value, convenience, expertise and innovation for individuals, businesses and institutional investors we serve worldwide.
• BA Continuum is a nonbank subsidiary of Bank of America, part of Global Business Services in the bank.
Process Overview The Global Human Resources (GHR) team provides comprehensive human resource management services for the Bank. The core services within GHR include –Talent Acquisition, Learning & Leadership Development, Shared Services, Compensation & Benefits & Employee Relations (ER). Individual will be part of Comp & Benefits function within the HR team. Incumbent will be involved in managing a wide gamut of activities in the C&B area including Compensation management, design and delivery of benefits programs for the company’s workforce Responsibilities:
• Responsible for job analysis/evaluation as and when required
• Work under the guidance of compensation/benefit consultant & and provide support with respect to C&B processes and guidelines implementations/management
• Responsible for supporting the year-end annual review cycle
• Responsible /aligned as spoc for a/few lines of businesses in India to manage market assessment & compensation consulting to assist in business problems
• Involved in some of the key compensation/benefits projects along with BAU responsibilities
• Evaluate, design and upgrade benefits programs as per functional and business needs
• May manage one/two benefit offerings under supervision of senior benefits consultants
• Manage benefit administration for assigned benefit programs
Requirements Foundational skills:
• Minimum qualification – Post- Graduate in HR
• Candidates must have excellent communication, navigation, consulting abilities.
• Should have strong HR experience of at least 10-12 years
• Experience in medium/large reputed organization in Financial services/technology space would be preferred
• Proven analytical and data management skill
• Understanding of Indian employment, applicable laws and regulations wrt. to compensation/wages & Benefits
• Exposure in handling benefits in Mid to Large organizations
• Experience of benefit design & Implementation
• Experience of managing Vendors & organization's benefits compliances
• Intermediate experience with Microsoft Excel and PowerPoint
Desired Skills
• Certifications in Compensation, rewards etc. would be an added advantage.
• Exposure to working with international stakeholders/partners, internal business and HR partners
• Proven experience of providing thought leadership to overcome challenges and lead without direct authority.
• Gravity to interact at all levels of management to support resolution of complex business issues and good understanding of risk & compliance
Location: Mumbai / Gurugram Shift Timings: 10:30 AM to 7:30 PM Job Band: H6 Shift: Hours Per Week: 45 Weekly Schedule: Referral Bonus Amount: 0