Remuneration Analyst at Nedbank

Job Purpose

• To provide a professional reward and benefits analytical service to the reward team and cluster Human Resources teams by means of identification of needs, best practice research and benchmarking, data analysis and effective management of related HR systems in support of the implementation of the Nedbank remuneration policy and associated practices

Job Responsibilities

• Manage operating costs in areas over which the incumbent has control by adhering to the budget.
• Support the bonus and rewarding process by distributing the required bonus amount to departments every four weeks.
• Support cluster Human Resources and Management Information teams though providing specialist/technical data in support of their human capital measurement.
• Support the governance related reward processes through development and delivery of core reports in support of the various committees' oversight mandates.
• Support the Reward Analytics team in the delivery of integrated remuneration analysis and benchmarking through collaboration and knowledge sharing.
• Assist the Reward and Performance Consulting/Advisory teams by providing standardised and customised analytics and benchmarking products to support solution generation.
• Support the delivery of core remuneration related data by using the prescribed reporting/presentation formats, which enables reporting to key external stakeholders.
• Enable the delivery of the annual pay review process through the delivery of reward analytics (reactive and proactive) which supports business decision making processes.
• Manage underlying remuneration enabling systems by scoping, implementing and testing related technology solutions.
• Manage the execution of the core remuneration benchmarking processes, through engagement with survey vendors.
• Implement reward processes in line with Nedbank's integrated risk management framework by ensuring control systems/processes are operational.
• Keep abreast of legislation and other industry changes that impacts on role by reading the relevant newsletters, websites and attending refresher training sessions on latest industry trends.
• Understand and embrace the Nedbank vision and demonstrate the values through interaction with team and stakeholders.
• Improve personal capability and stay abreast of developments in field of expertise by identifying training courses and career progression for self through input and feedback from managers.
• Ensure personal growth and enable effectiveness in performance of roles and responsibilities by ensuring all learning activities are completed, experience practiced and certifications obtained and/or maintained within specified time frames.
• Ensure information is provided correctly to stakeholders by maintaining knowledge sharing gained knowledge with team.
• Identify and recommend opportunities to support implementation of new processes, policies and systems.
• Contribute to a culture conducive to the achievement of transformation goals by participating in Nedbank Culture building initiatives (e.g. staff surveys etc.).
• Support corporate social responsibility initiatives by individual participation.

People Specification

Essential Qualifications - NQF Level

• Advanced Diplomas/National 1st Degrees

Preferred Qualification

• Postgraduate qualification in a quantitative discipline/Global Remuneration Practitioner (GRP)
• Specialty in Maths or Statistics

Minimum Experience Level

• 3 years experience in an HR role with at least 2 years experience in a reward analytics role

Technical / Professional Knowledge

• Design thinking 
• Administrative procedures and systems
• Banking knowledge
• Banking procedures
• Business principles
• Business terms and definitions
• Data analysis
• Governance, Risk and Controls
• Microsoft Office
• Relevant regulatory knowledge
• Relevant software and systems knowledge
• Business writing skills
• Cluster Specific Operational Knowledge

Behavioural Competencies

• Applied Learning
• Customer Focus
• Decision Making
• Stress Tolerance
• Managing Work
• Technical/Professional Knowledge and Skills