Company: 6255 UOB Innovation Hub 2 Sdn Bhd

About UOB

United Overseas Bank Limited (UOB) is a leading bank in Asia with a global network of more than 500 branches and offices in 19 countries and territories in Asia Pacific, Europe and North America. In Asia, we operate through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia and Thailand, as well as branches and offices. Our history spans more than 80 years. Over this time, we have been guided by our values - Honorable, Enterprising, United and Committed. This means we always strive to do what is right, build for the future, work as one team and pursue long-term success. It is how we work, consistently, be it towards the company, our colleagues or our customers.

Job Description

About The Department

UOB Innovation Hub 2 (InnoHub2) is a UOB-wholly owned subsidiary and a Centre of Excellence based in Malaysia, providing Group Business Services (GBS) to support the UOB Group. Started in 2021 with technology application design, development and support, InnoHub2 is expanding beyond technology services to deliver other business services to support the Bank's growth ambition. We are looking for talented and motivated individuals to be part of the pioneer team spearheading the development and delivery of the new services.

As part of the InnoHub2 team, you will have the opportunity to work on Group initiatives and gain regional business exposure. We are dynamic, passionate and purposeful about delivering trusted financial solutions that enables business growth. An exciting career progression with varied opportunities awaits you at IH2. Come grow your career with us.

Total Rewards Strategy

• Develop and execute the organization's total rewards strategy in alignment with business goals and talent priorities.
• Review and recommend reward policies, programs, and practices to ensure competitiveness and sustainability.
• Support the design and implementation of innovative reward initiatives that enhance employee engagement and retention.
• Ensure reward programs remain aligned with market trends, regulatory requirements, and organizational objectives.

Compensation Management

• Manage compensation structures, salary frameworks, grading systems, and incentive programs.
• Conduct market benchmarking and salary surveys to ensure competitive positioning.
• Lead annual compensation reviews, including salary increments, bonus allocation, and promotion exercises.
• Provide compensation-related analysis and recommendations to management.

Benefits and Wellness

• Manage employee benefits programs, including medical, insurance, retirement, pension, and wellness initiatives.
• Evaluate and enhance benefits offerings to meet workforce needs while maintaining cost efficiency.
• Work closely with vendors and service providers to ensure effective benefits administration and service delivery.
• Promote employee well-being through health and wellness programs.

Performance and Reward Programs

• Support the design and administration of performance-linked reward programs.
• Ensure alignment between performance management outcomes and reward strategies.
• Monitor the effectiveness of incentive and recognition programs and recommend improvements.

Governance and Compliance

• Ensure all reward practices comply with relevant employment laws, regulations, and internal governance requirements.
• Develop and maintain policies, procedures, and controls related to compensation and benefits.
• Support internal and external audits relating to reward programs.

Stakeholder and Vendor Management

• Partner with HR Business Partners, Finance, and business leaders to provide expert reward advice and solutions.
• Liaise with external consultants, insurers, brokers, pension providers, and other third-party vendors.
• Establish and maintain best-practice approaches across all reward programs and processes.

Data Analysis and Reporting

• Analyze compensation and benefits data to identify trends, risks, and opportunities.
• Prepare management reports, dashboards, and recommendations for leadership decision-making.
• Monitor reward program effectiveness, costs, and return on investment.

Additional Requirements

Be a Part of the UOB Family

UOB is an equal opportunity employer. UOB does not discriminate on the basis of a candidate's age, race, gender, color, religion, sexual orientation, physical or mental disability, or other non-merit factors. All employment decisions at UOB are based on business needs, job requirements and qualifications. If you require any assistance or accommodations to be made for the recruitment process, please inform us when you submit your online application.

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