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MUFG

Vice President- Global HR PRB( Performance, Rewards & Benefits)

Posted 14 Days Ago
In-Office or Remote
Hiring Remotely in India
Senior level
In-Office or Remote
Hiring Remotely in India
Senior level
Lead design and delivery of compensation and incentive programs for assigned business lines. Manage incentive governance, perform market pricing and specialized analysis, ensure regulatory compliance (e.g., FLSA), support executive compensation administration, manage vendor and audit requests, and provide compensation consulting to HR and business leaders.
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Do you want your voice heard and your actions to count?

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world’s leading financial groups. Across the globe, we’re 150,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.

With a vision to be the world’s most trusted financial group, it’s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.

Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.

EDUCATION • Degree or equivalent work experience equally preferable CERTIFICATIONS WORK EXPERIENCE • Experience designing and implementing compensation solutions/programs • Area-specific (i.e.: Executive, etc.) compensation design, governance and process experience • Strong working knowledge of base pay, total compensation, , organizational job review and structuring, external market data analysis, and compensation regulations • Senior management committee support experience a plus FUNCTIONAL SKILLS • Understanding of the financial services regulatory environment • Knowledge of FLSA and other applicable regulations • Expertise in gathering compensation-related market and competitive intelligence including utilization of market surveys and market trends • Proven ability to interpret and analyze compensation and labor market data to assess: comparable worth; benchmarking; internal alignment; external competitiveness • Extensive knowledge of compensation philosophies/programs (lead; lag; match; lead-lag); compensation plans (salary; cost-of-living adjustment; merit increase; bonus structure; domestic workers; global workers; expatriates; executives; part-time employees) • Advanced knowledge of deferred compensation; direct and indirect compensation • Extensive knowledge of pay practices and issues: pay increases; base pay; pay levels; variable pay; pay compression; pay equity; pay transparency; market data • Expertise implementing and tracking relevant compensation metrics and benchmarks (compa-ratio, etc.) • Basic accounting and financial knowledge • Strong client management skills • Proficient with MS Office Excel, and PowerPoint • Experience using Workday a plus FOUNDATIONAL SKILLS • Demonstrates leadership, ability to provide guidance to junior team members • Communicates effectively • Identifies multiple paths to success using analytical and critical thinking as well as decision-making skills • Operates strategically to support a culture of continuous improvement and systems thinking • Makes sound business decisions in a complex work environment • Collaborates with other business functions and divisions to advance business objectives • Is flexible, decisive, and able to establish support from leadership • Monitors industry trends and best practices and applies insights to advance the business • Exhibits and fosters optimism, resilience, flexibility, and openness to others' ideas • Inspires innovation and values learning as a lifelong professional objective • Leads by example, engaging inclusively and with intent • Always acts with integrity • Ability to work with all levels of management and employees • Team oriented • Strong collaboration skills RESPONSIBILITIES • Partner with HR and business leaders to design and deliver compensation programs/solutions in the business lines supported • Implement and execute the bank’s incentive governance framework for all business incentive compensation plans in assigned client groups • Manage the incentive design process for the business lines’ incentive and commission plans, partnering closely with the business, finance, compliance, risk and the HR business partner as needed • Research and resolve compensation related issues and propose alternative solutions and guidance. Recognize need for escalation • Ensure compliance with all relevant regulations (e.g. FLSA) in assigned business lines • Provide thorough analysis and review on all FLSA issues • Enhance and implement the Bank’s market data approach. Conduct detailed market pricing and specialized analysis for assigned areas • Participate in the annual market survey process • Support the design of innovative compensation solutions to support assigned business lines, and provide compensation consulting to influence decision making • Execute the annual pay review process effectively for assigned business lines • Perform ad hoc analysis to support business needs • Participate in the annual Focal Review process, determining key dates and events and provide business unit support • Conduct detailed market pricing and specialized analysis for assigned areas • Oversee project timelines • Participate in the annual survey process for assigned areas • Manage and support strategic projects for total rewards • Manage outside vendor relationships as appropriate • Manage internal vendor management and internal and external audit requests • For executive compensation: • Manage equity plan administration by managing grant/termination process, maintaining and reconciling equity program data with stock plan administrator and internal HR Controllers, audit reports, and answering stock plan related inquiries • Manage administration of non-qualified deferred compensation program • Manage Total Rewards Open Issues audit remediation • Provide analytical support on various executive compensation analysis requests • Manage administration of various executive perquisite programs, such as financial services

Mitsubishi UFJ Financial Group (MUFG) is an equal opportunity employer. We view our employees as our key assets as they are fundamental to our long-term growth and success. MUFG is committed to hiring based on merit and organsational fit, regardless of race, religion or gender.

MUFG Pune, Mahārāshtra, IND Office

Pune, India

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