Compensation & Benefits Manager, APAC

Responsibilities

• Develop and execute comprehensive compensation and rewards strategies, policies, and programmes to attract, retain, and motivate top talent globally.
• Conduct market research and analysis to benchmark compensation levels, benefits, and incentive structures against industry standards and competitors.
• Collaborate with HR business partners, senior management, and finance to design and implement annual compensation and benefits plans, ensuring alignment with business objectives and budgetary constraints.
• Lead the annual salary review process, including job evaluation, salary benchmarking, and merit increase recommendations, ensuring fairness, consistency, and compliance with regulatory requirements.
• Provide guidance and support to HR business partners and managers on compensation-related matters, including job levelling, salary bands, and incentive plans.
• Monitor market trends and legislative changes related to compensation and benefits, providing recommendations and ensuring compliance with local and global regulations.
• Manage the administration of variable pay programmes, such as annual bonuses, sales incentives, and long-term incentive plans, ensuring accurate calculations, timely payouts, and clear communication to eligible employees.
• Collaborate with the HRIS team to maintain and update compensation data and systems, ensuring accuracy and data integrity.
• Analyse compensation and rewards data to identify trends, patterns, and areas for improvement, and provide actionable insights to senior management.
• Drive the communication and education of compensation and benefits programs, ensuring employees have a clear understanding of the total rewards offerings available to them.
• Lead special compensation projects, such as job grading initiatives, ensuring seamless integration and adherence to best practices.
• Oversight of the day to day responsibilities, administration and management of the renewals for APAC employee benefits programmes, including introducing new initiatives to improve the benefits offering to employees across APAC.
• Working as part of a Wellness team to agree an annual calendar of wellbeing events and providing content for the APAC region.
• Managing escalation of queries and issues raised from providers, brokers and employees.
• Ongoing benefit reviews to ensure they remain competitive, cost effective and adherence to the needs of the combined businesses and in line with the wider business strategy.
• Central management of benefit related invoices, ensuring correct cost allocation, and reconciliations are carried out and appropriate approvals are obtained.
• General benefits administration including updating HR system (Workday) where necessary.
• Owner of all benefits processes, ensuring they are kept updated on an ongoing basis.
• Foster strong relationships with external vendors and consultants to leverage their expertise and ensure effective administration of compensation and rewards programmes.
• Support the annual budgeting process by providing data and insights related to compensation costs and trends.
• Stay abreast of industry best practices and emerging trends in compensation and rewards, continuously enhancing the bank's programs to remain competitive in the market.
• HR Shared Services Responsibilities (Tier C)
• Stakeholder management
• Point of escalation
• Quality control and monitoring of service levels
• Experience / Compet

Benefits

Additional Information

The TP ICAP Group is a world leading provider of market infrastructure. Our purpose is to provide clients with access to global financial and commodities markets, improving price discovery, liquidity, and distribution of data, through responsible and innovative solutions. Through our people and technology, we connect clients to superior liquidity and data solutions. The Group is home to a stable of premium brands. Collectively, TP ICAP is the largest interdealer broker in the world by revenue, the number one Energy & Commodities broker in the world, the world's leading provider of OTC data, and an award winning all-to-all trading platform. The Group operates from more than 60 offices in 27 countries. We are 5,300 people strong. We work as one to achieve our vision of being the world's most trusted, innovative, liquidity and data solutions specialist. Role Overview Reporting to the Group Head of Reward, in London, this role has the responsibility for managing reward, compensation and benefits for the APAC region. As such, we are looking for a strong and experienced individual to join our global team.

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