Human Resources:Team

the First Line of Defence, Control Management serves as an independent function within Human Resources to advise, counsel and assess risk mitigation strategies, in addition to effectively evaluate processes, risks and controls. The incumbent of the position is responsible building strong partnerships with HR leaders and delivering risk and control processes and programs efficiently and effectively to mitigate risk.

The incumbent of the position is responsible for planning designing, implementing and administering a comprehensive total rewards strategy and programs for the Bank. This position would have specific focus on all aspects of governance: i) Board related, ii) Regulatory related and iii) Subsidiary/ Axis Group related.

The primary function of the position is to manage all aspects of the compensation and benefit program. This includes compensation structure, performance bonus, stock options, sales incentive plans and all employee benefit plans offered. The selected individual will need to work on sensitive and confidential work areas related to Board and Regulatory Bodies and be responsible for evaluating and making recommendations on compensation strategies to attract and retain talent while keeping the total cost under control.

Key Responsibilities :
• Work closely with Control Functions (Operational Risk, Compliance, Info Sec, Internal Audit etc), Company Secretary, HR Operations to manage the HR Risk Profile.
• Partner with Internal Audit as it relates to internal and external inspection outcomes to ensure the relevant risks identified links with HR and any plans to mitigate these risks are properly documented and agreed.
• Will have clear deliverables for accurate and before time submission of governance related submissions. Expected to proof-read collated information and apply basic validations, consistency and variance checks etc.
• Will need to build mechanisms, checklists, processes, document templates to ensure timely and error free submission/ reporting. Have a problem solving approach to fix root cause of issues.
• Process and program portfolio may include: RCSA, submissions and audits related to RBI and other statutory bodies, cost control, EGRC, Key Risk Indicators (KRIs) etc.
• Role may gradually expand to cover all governance areas – i) Board and NRC related ii) Subsidiary Governance and iii) Regulatory Governance.Lead the identification, escalation, monitoring and measuring of risk and other control measures in accordance with Bank wide programs, processes and all reporting requirements.
• Ensuring accurate and timely reporting of data and automation of reports do as to eliminate interdependence wherever possible.Lead ongoing risk and control education and awareness efforts across the department.
• Maintain confidentiality of work-related issues, records and company information