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NatWest Group is a UK-based banking and financial services organisation serving personal, commercial and institutional customers. Its work spans banking, finance and fintech, with services that include commercial banking, wealth management and risk management. The group also highlights its relationships with customers and communities, alongside opportunities for people building careers across its banking and technology-focused teams.
VP Reward Partner at NatWest Group, Gurugram
Advise banking leaders on pay, benefits, reward governance, and remuneration strategy. Lead pay reviews, regulatory initiatives, market benchmarking, and reward design.
Description
- Lead projects that update pay structures or address regulatory requirements.
- Provide specialist advice, technical guidance, and frameworks for business areas with complex compensation arrangements.
- Recommend suitable pay structures.
- Gather and analyse market data.
- Contribute to business cases.
- Advise on exit packages, annual pay reviews, bonus processes, remuneration design, reward policies, and benchmarking.
- Design bank-wide pay structures that balance fixed and variable compensation.
- Partner with business heads to shape fixed pay, including pension and benefit provisions.
- Share responsibility for the annual pay review.
- Give HR ExCo and bank-wide leaders expert analysis and constructive challenge on compensation.
- Oversee approval processes for compensation and severance requests.
- Work with colleagues and social partners on employee relations matters related to Reward.
- Deliver against financial plans and budgets, including forecasting, resource allocation, and prioritisation.
Requirements
- At least 12 years of experience in compensation and benefits.
- Experience in banking, regulatory, or commercial settings.
- Knowledge of HR theories, models, and best practices, and how to apply them.
- Expertise in compensation, regulatory reward, and governance practices.
- Knowledge of regulations affecting reward and benefit structures.
- Understanding of how attraction and retention relate to Reward and the employee value proposition.
- Strong analytical ability.
- Stakeholder management skills.
- Ability to turn analysis into actionable insights.
- Knowledge of relevant legal policies, regulations, and risk management.
Benefits
- Pension and benefit provisions.
- Annual pay review and bonus processes.
- Fixed and variable pay structures.
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