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HR Officer

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Date: Feb 17, 2019

Location: San Juan, PR

General Description

The HR Officer will be part of the Compensation Center of Expertise

Essential Duties and Responsibilities

  • Administers Bank’s compensation programs and incentive plans to support the effective implementation of its reward strategy, in line with the Bank’s People Strategy
  • Provide support in the execution of contracted studies, critique related consultant/benchmark reports; reviews data, analytics and recommendations for consistency and contractual compliance
  • Collect and analyze data to ensure that the Bank’s rewards proposals are aligned with benchmark practices which will enable businesses to fulfil business strategy
  • Formulate and develop policies and procedures relating to the Bank’s compensation and job evaluation process
  • Monitor comparator practices, market conditions, and classification and compensation trends to contribute towards incentive plan design or modification and establish baseline compensation standards
  • Organize and manage general salary surveys and other activities with respect to the total compensation package of the Bank
  • Resolve questions relating to compensation framework policy; including designing and maintaining proactive communication and information dissemination practices and systems to ensure that key stakeholders and business partners access accurate, timely and relevant information. Accordingly, provide guidance and advice to staff and management on compensation, classification and related resource issues
  • Strong background in regulatory framework for Sales Practices and Incentive pay
  • Advice managers in consultation on decisions relevant to compensation, merit based employee motivation and periodically, train Managers on the application of different Compensation policies
  • Analyze components of the remuneration scheme and prepare internal equity and external competitiveness reports; and ensure all employees’ compensation are applied properly
  • Apply analysis to create a rewards matrix to execute successful management of the annual salary review for the corporation and ensures adherence to budget allocations
  • Study performance-related pay systems issues and formulate proposals to improve the Bank’s performance based pay system and develop an annual salary increase matrix
  • Provide leadership to ensure transparent administration of Bank’s job evaluation and classification program
  • Develop and manage relationships with the external compensation consulting firms and comparators to ensure delivery of effective services and mutually beneficial relationship

Minimum Education

Master's Degree in Human Resources or related fields

Experience

At least five years of related experience.

Certifications / Licenses

PHR

SPHR

Certified Compensation Professional (CCP)

Competencies

Accountability

Analytical Discipline

Collaboration & Teamwork

Change Agent

Customer Centric

Self Development

Business Excellence

Character


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