Back Associate, Reward

Requisition ID 34661 Office Country United Kingdom Office City London Division Human Resources & Org. Development Contract Type Fixed Term Contract Length 2 years Posting End Date 31/05/2024

Purpose of Job

The Associate, Reward and Policy Implementation is responsible for keeping up to date with Reward and Policy best practices and helping Director Rewards and Principal, Reward and Policy Implementation in supporting HR Transformation agenda with regard to the Bank’s reward package. In particular, the role requires providing support towards:

• Establishing and continuously assessing of the market competitiveness of the Bank’s reward package whilst aligning it with the strategy of the Bank in attracting, motivating, and retaining talent for new market practices.
• Program management of Rewards and Policy Review for new HR system integration.
• Ad hoc Reward and Benefits Project support

  Herein, the tasks will vary in nature and will include working in partnership with the Reward and Benefit Teams producing documentation, analytical reports, developing communication materials and providing expert advice and guidance to HR Business Partners. The role will also include liaison with external consultants and providers where required.

  Accountabilities & Responsibilities:

  Policy development and implementation

  • Project Manage the reward and benefits review with an aim to create seamless integration with the new HR system and where appropriate, actively gaining buy-in from stakeholders during the review.
  • Support in identification of opportunities to automate Reward operations activities outside the new HR system – work towards automation and integration of these activities with the new HR system.

    HR Transformation Project Contribution

    • Draft reward and benefit-related as-is processes as agreed with key stakeholders.
    • Help Identify opportunities to simplify and automate.
    • Contribute to the completion of configuration workbooks for the implementation partner in all relevant functional areas.
    • Contribute to articulation of future detailed processes at L4, L5 and work note level.
    • Co-ordinate with other HR SMEs and project stakeholders as required to socialise and secure approval of all functional design artefacts.
    • Along with respective team create testing scenarios for both SIT and UAT
    • Conduct testing.
    • Support the change workstreams with an accurate ‘Fit Gap’ for global design versus local requirements and current ways of working.
    • Facilitate C&E for Reward areas along with Benefits and Compensation team.
    • Management and ownership of ad hoc projects to develop specialist solutions in the area of reward and benefits.
    • Support in development of bank wide communications for staff regarding changes to policies and processes as they are implemented.

      Provision of expertise to the Bank

      📚 𝗗𝗶𝘀𝗰𝗼𝘃𝗲𝗿 𝗛𝗼𝘄 𝘁𝗼 𝗚𝗲𝘁 𝗮 𝗝𝗼𝗯 𝗶𝗻 𝘁𝗵𝗲 𝗨𝗡 𝗶𝗻 𝟮𝟬𝟮𝟯! 🌍🤝 𝗥𝗲𝗮𝗱 𝗼𝘂𝗿 𝗡𝗘𝗪 𝗥𝗲𝗰𝗿𝘂𝗶𝘁𝗺𝗲𝗻𝘁 𝗚𝘂𝗶𝗱𝗲 𝘁𝗼 𝘁𝗵𝗲 𝗨𝗡 𝟮𝟬𝟮𝟯 𝘄𝗶𝘁𝗵 𝘁𝗲𝘀𝘁 𝘀𝗮𝗺𝗽𝗹𝗲𝘀 𝗳𝗼𝗿 𝗨𝗡𝗛𝗖𝗥, 𝗪𝗙𝗣, 𝗨𝗡𝗜𝗖𝗘𝗙, 𝗨𝗡𝗗𝗦𝗦, 𝗨𝗡𝗙𝗣𝗔, 𝗜𝗢𝗠 𝗮𝗻𝗱 𝗼𝘁𝗵𝗲𝗿𝘀! 🌐

      ⚠️ 𝐂𝐡𝐚𝐧𝐠𝐞 𝐘𝐨𝐮𝐫 𝐋𝐢𝐟𝐞 𝐍𝐨𝐰: 𝐏𝐨𝐰𝐞𝐫𝐟𝐮𝐥 𝐓𝐞𝐜𝐡𝐧𝐢𝐪𝐮𝐞𝐬 𝐡𝐨𝐰 𝐭𝐨 𝐠𝐞𝐭 𝐚 𝐣𝐨𝐛 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐍𝐚𝐭𝐢𝐨𝐧𝐬 𝐍𝐎𝐖!

      • Serve as the primary source of expert advice on their specialist field for HR Business Partners and their clients to enable them to make decisions, interpret policies, resolve complex issues as they arise.
      • Designing communication to staff on the Bank’s reward philosophy, policies and processes via a number of different channels, including the design and provision of training, information and education sessions to staff and HR colleagues.
      • Build and maintain a network of professional relationships designed to tap into and develop the best policies and plans for the Bank.

        Reward Specialist specific: ongoing management of reward processes

        • Support the Principal in producing analytics to be used for completion of papers to various Board and Executive Committees and Staff Council.
        • Other responsibilities may include supporting colleagues in other teams, ensuring the Staff Handbook is maintained in terms of reward policies, and participating in external seminars and conferences.
        • Updating of the IT system tool with referrence to reward and benefit changes as part of review and the Total Reward Statements (if needed). Carry out user acceptance testing on behalf of HR or business stakeholders when necessary.
        • Conducting the internal controls framework (ICF) testing for the Reward and Benefits team.
        • From understanding of the data, the role holder will be expected to offer additional insights into trends for stakeholders: Use data and information to provide insights into people issues and guide improved, evidence-based decision-making and fix problems at the root cause.

          Drive continuous improvement

          • Proactively identify gaps in the current HROD reporting platforms and highlight possible solutions.
          • Support team members to improve their data analytics capability, understanding of appropriate use of data and storytelling.

            This job description is not limited to the responsibilities listed and the incumbent may be requested to perform other relevant duties as required by business needs.

            Knowledge, Skills, Experience & Qualifications

            • Degree in a relevant discipline or equivalent experience
            • Demonstrated reward or related HR specialism experience.
            • Experience in international organisations or multi-cultural environment preferred.
            • Strong project management and organisational skills and the ability to prioritise and multitask.
            • Strong process mapping and re-engineering experience
            • Knowledge of user design and user experience-focused design strongly preferred.
            • Excellent team player and collaborative ability – be able to influence without authority. Proactive approach to problem solving and asks the right questions to get at the deeper level “why”.
            • Demonstrated ability to work independently to find solutions and recognise when to escalate or redirect a query.
            • Ability to see a policy and process end to end with a focussed attention to detail.
            • Analytical orientation with an understanding of how data can be used to measure business outcomes and how data can be presented to inform and improve decision making.
            • Good interpersonal skills, ability to build relationships, gain credibility and establish trust quickly.
            • Excellent communication skills, fluent in English language, with good presentation skills
            • Excellent Excel, Word and PowerPoint skills (vlookups, pivots tables, if statements, knowledge of macros desirable, proficient in Tableau).
            • Working knowledge of SAP HR (desirable) or HR systems experience.

              What is it like to work at the EBRD?

              Our agile and innovative approach is what makes life at the EBRD a unique experience! You will be part of a pioneering and diverse international organisation, and use your talents to make a real difference to people's lives and help shape the future of the regions we invest in.

              The EBRD environment provides you with:

              • Varied, stimulating and engaging work that gives you an opportunity to interact with a wide range of experts in the financial, political, public and private sectors across the regions we invest in;
              • A working culture that embraces inclusion and celebrates diversity;
              • An environment that places sustainability, equality and digital transformation at the heart of what we do.

                Diversity is one of the Bank’s core values which are at the heart of everything it does. A diverse workforce with the right knowledge and skills enables connection with our clients, brings pioneering ideas, energy and innovation. The EBRD staff is characterised by its rich diversity of nationalities, cultures and opinions and we aim to sustain and build on this strength. As such, the EBRD seeks to ensure that everyone is treated with respect and given equal opportunities and works in an inclusive environment. The EBRD encourages all qualified candidates who are nationals of the EBRD member countries to apply regardless of their racial, ethnic, religious and cultural background, gender, sexual orientation or disabilities. As an inclusive employer, we promote flexible working and expecting our employee to attend the office 50% of their working time.