Reward Specialist

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** Job Description
**** Hello future Reward Specialist!
** First Rand believes that its people are its single most important resource and will not operate in a sector unless it has people who are right for that market and who share First Rand’s business values. We recruit self-starters who have a passion for what they do. We empower them, hold them accountable and reward them appropriately. We value diversity in our people, particularly for the way that this contributes to innovative thinking.

If you think you will flourish in our environment, and you believe you have the necessary skills and competencies for the position advertised, then we are looking for you!
** Job Summary
** As a member of the Group Reward function Partner with business to design, implement, and monitor total reward including salary management, benchmarking, long-term and short-term incentives, and employee benefits policies. Ensure compliance with governance frameworks, statutory requirements, and best practices, while supporting strategic reward initiatives.

Support reward leadership by preparing and coordinating all governance documentation and reports required by the various Remuneration Committees (Remco), including managing the First Rand Annual Remuneration Report.
** Are you someone who can:
*** Support the annual reward review (ARR) process which includes salary, bonus, and share awards.
* Conduct market benchmarking and job evaluation to maintain competitive and equitable pay structures.
* Support the Group Head of Reward with benchmarking and managing Executive and Stratco remuneration.
* Analyse remuneration data for trends (e.g., pay disparities) and prepare reports for governance committees, including Remco.
* Participate in and provide input to industry salary surveys to inform pay decisions.
* Contribute to the development and implementation of reward strategies and incentive schemes.
* Draft remuneration papers for review and approval by senior management and Remco.
** Governance, Compliance & Remco Submissions
*** Ensure adherence to King V principles, Companies Act, and internal remuneration policies.
* Prepare, coordinate, and submit all required documentation and reports for Remco meetings, ensuring accuracy, completeness, and alignment with governance standards and Remco requirements.
* Supports the compilation, review, and submission of the First Rand Annual Remuneration Report, ensuring it meets all Remco, Board, and regulatory expectations.
* Support Group Finance with the directors’ emoluments disclosers in the Annual financial statements, including footnotes and audits.
* Ensure all Remco submissions are delivered within required timelines
* Maintain up-to-date knowledge of Remco requirements and proactively adapt submissions and processes to reflect any changes.
* Monitor audit findings and implement corrective actions in reward systems and processes, reporting progress to Remco as appropriate
** Policy & Advisory
*** Advise business units and HR partners on fair and responsible pay practices.
* Recommend reward and recognition strategies and oversee approved implementations.
* Keep abreast of legislative changes, industry trends, and best practices in reward governance.
* Maintain knowledge on relevant legislative amendments, industry best practices and internal compliance procedures and requirements.
* Ensure remuneration practices comply with the King Code and Companies Act through robust systems and procedures and review them regularly in response to regulatory changes.
* Educates other members of the groups remuneration teams and make suggestions for improvements.
* Networks and participates in specialist risk forums where required.
* Resolve salary and benefit related queries, advising stakeholders as appropriate.
* Support and guide business units on reward plans, budgets, processes, and policies, consulting as required to support insight and implementation.
** Collaboration & Stakeholder Management
*** Build strong relationships across HR, Finance, and business units to ensure seamless reward delivery.
* Provide accurate and reliable business intelligence to support decision-making.
* Deliver customer experience…