Graduates Job at Stanbic IBTC (Reward Analyst)

Stanbic IBTC Holdings PLC is a full service financial services group with a clear focus on three main business pillars - Corporate and Investment Banking, Personal and Business Banking and Wealth Management.
Stanbic IBTC Bank legally became part of Standard Bank Group 24th August 2007. The Standard Bank Group merged its Nigerian operations, Stanbic Bank Nigeria with that of IBTC Chartered Bank PLC. Stanbic IBTC Bank is a major financial service provider engaged in personal banking, business banking, credit cards, corporate banking, non-interest banking and wealth and investment banking in Nigeria

Job Title: Reward Analyst

Qualification
BA, BSc, HND

Location 
Lagos

Job Field
Banking

Main Purpose
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
Assist in 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.
Assist in the preparation and collection of REMCO packs
Provision of a total reward consulting to the business through effective internal and external stakeholder engagement
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.
Assist in the implementation and sustenance of 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.
Maintain an up-to-date and effective database management system.
Develop, maintain and implement a total reward offer for incoming hires. Prepare pay propositions and offer letters for new hire
Align performance management to reward philosophy

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