Specialist, HRSS Retirals

Business Function Group Human Resources has the important role of attracting, retaining, and nurturing talent to ensure that DBS continues to be a competitive employer in Asia. With a well-established team of HR partners, we support and deliver effective people-based solutions and services across businesses. Our goal is to build a high-performance organisation by empowering and engaging our employees. Because we believe that banking is about people. Job Purpose This would be one of the most critical desks of HRSS team with end-to-end processing of Retiral Trust Management Key Accountabilities . Trust Management - Administration & Managing the Financials of Trust . Trustee Meeting . Statutory Compliance related with Retirals. Job Duties & responsibilities . Should have knowledge & experience in full spectrum of Retiral functions - PF/ Gratuity / Pension / Leave Encashment. . Should act as a Custodian of Retirals processes and ensure they follow all statutory requirements and aligned with trust rules and regulation. . Should have experience in managing Multiple trust administration & books of accounts. . To ensure timely Retiral processing for all trusts under the organization . Manages stakeholders across India (particularly Finance, Risk and Legal) and within HR (particularly Reward, Employee Relations & HR Business Partners) to ensure the bank's pension strategy is executed successfully . Have experience in managing Trustee Meeting. . Responsible for completion of Trust Audit & filing of returns in the timely manner. . Manage Retiral Vendors & review the deliverables. . Should ensure the process is followed within the governance framework, so that team is audit ready. . Should review the trust funds in a timely manner, any surplus funds available need to work with Investment Advisories for investing in the market. . Work with Investment Advisories and other relevant stakeholders to ensure the trust is in compliance as per the investment pattern prescribed by the Ministry of Finance. Required Experience . Min 10 + years of HR Shared Services / HR Risk & Governance experience, preferably with a Multinational bank or financial institutions or Technology companies Education / Preferred Qualifications . Bachelors or Post graduate qualification and evidence of continued professional development. Core Competencies . In depth knowledge of Trust Management and HR Risk and Governance . In depth understanding of reviewing the Trust Balance sheet & Cash flows. . Good knowledge on Investment operation for Trust activities. . Good communication skills dealing with multiple stakeholders . Knowledge and proficient with MS Office - Excel / Word / Power Point . Creative thinking / Logical reasoning . Precision for deliverables / projects assigned Technical Competencies . Computer proficiency - Strong Ms Office skills desired . HR Systems / Workday HRMS knowledge India-Tamil Nadu-Corporate Office, Chennai-eLVB