Rand Merchant Bank

Banking + 2 more

Reward Specialist

Job details

Contract Type

Description

Qualifications and Experience

  • Bachelor’s degree in human resources, Industrial Psychology, Business Administration, or a related discipline.

  • Postgraduate qualification in Reward, Human Resources, or a related field is an advantage.

  • Minimum of 6-8 years’ experience in reward, remuneration, or broader Human Capital roles, preferably within financial services or a complex corporate environment.

  • Demonstrated experience across end-to-end reward practices, including remuneration, incentives, benefits, and role grading.

  • Proven experience partnering with business stakeholders and senior leaders.


Responsibilities

Reward & Remuneration

  • Partner with business units to support the design, implementation, and ongoing management of remuneration and reward frameworks aligned with organisational strategy and business priorities.

  • Conduct salary benchmarking and participate in internal and external remuneration surveys to support market competitiveness and internal equity.

  • Support annual reward processes, including salary review cycles, incentive schemes, and bonus allocations.

Role Grading & Job Architecture

  • Facilitate and manage role evaluation and grading processes, ensuring consistency, fairness, and adherence to approved methodologies.

  • Apply role grading outcomes to remuneration decisions in line with policy, governance, and budgetary requirements.

  • Maintain accurate and up-to-date role, grading, and job architecture data across the organisation.

Employee Benefits

  • Monitor market trends and conduct benchmarking to inform recommendations on employee benefit offerings.

  • Support the implementation, administration, and ongoing management of employee benefit programmes.

  • Respond to benefit-related queries and provide clear, accurate guidance to employees and managers.

Governance, Compliance & Risk

  • Ensure reward and benefits practices comply with relevant legislation, internal policies, and governance frameworks.

  • Maintain current knowledge of regulatory requirements, industry best practices, and internal standards.

  • Support audits, reviews, and risk management activities related to reward and remuneration.

Stakeholder Engagement & Advisory

  • Act as a trusted advisor to Human Capital Business Partners and line managers on reward related matters.

  • Provide guidance on reward policies, processes, budgets, and employee queries.

  • Prepare high quality reports, presentations, and documentation for remuneration committees and senior stakeholders.

Process Improvement & Data

  • Analyse reward data and trends to identify insights, risks, and opportunities for improvement.

  • Drive continuous improvement through process optimisation, standardisation, and automation where possible.

  • Deliver accurate, timely, and insightful reporting in line with service standards and business requirements.

HC Cross Pillar Support

  • Contribute to the delivery of broader Human Capital initiatives across the employee lifecycle, including performance management, talent management, organisational effectiveness, learning and development, and HC operations.

  • Support cross functional HC projects and change initiatives in alignment with Group and in country priorities.

  • Collaborate with HC Business Partners and Centres of Expertise to ensure alignment and integration of reward practices with other HC frameworks.


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