Vice President - Human Resources - BFSI/Financial Services/Banks/NBFC

Job Profile

S/he will be responsible to create, execute and operationalize the HR vision of Company. The key areas would be managing and applying performance management, recruitment and selection, compensation and benefits, learning and development, employee relations, and other HR operations in line with the Company's growth goals and business plan.

Job Title- Vice President - Human Resources

Reporting To Head - Human Resources

Location Mumbai

Primary Job Duties/Responsibilities:

Talent Acquisition and Engagement:

- Drive end to end recruitment functions, including leadership hires across functions and geographies. Manpower Planning, budgeting process and ensure adherence to plan throughout the year

- Develop and deploy the talent acquisition strategy for the organization and ensure smooth execution

- Career Planning for supervisory and middle management, promote internal movement and ensure retention of key talent

- Review remuneration benefits / perquisites and service conditions of staff at all levels and making appropriate recommendations

- Statistical Analysis, HR Audit and periodic reviews

- Ensure all HR Initiatives / actions are communicated effectively within the organization

- Support in managing HR functions / behavioral skills

- Maintaining code, conduct and discipline regulations of the organization

- Developing and designing appropriate rewards and recognition mechanisms to reflect contributions of high-performance standards

- Collaborate with the leadership teams to design and implement an effective and efficient talent pipeline and succession planning framework to minimize the leadership gaps for critical positions

- Provide opportunities for top talent to develop skills necessary for future roles

HR Initiatives & Strategy:

- To ensure that the organization is adequately supported with efficient and compliant human capital, people process to promote an environment of congenial and best in class working standards and ensures complete organizational alignment with the business strategy

- Responsible for the design and facilitation of all organizational transitions and change management

- Establish HR direction for the company in partnership with BU Heads and be consistent with their growth plans and business priorities

- Responsible for creating and nurturing a productive work culture which leads to high levels of people engagement, continuous improvement and process excellence

- Implement various HR initiatives within the bank with an objective to improve employee engagement and establish the bank as an employer of choice

- Work along with business heads to uphold and promote the culture of diversity, equity and inclusion

Collaboration and managing day-to-day operations:

- Managing the operations of the department which include overseeing the development, implementation, and day-to-day execution of operating policies.

- Provide authoritative advice to the Executive Vice President regarding the establishment of policies covering all aspects of HRM by reviewing and approving, or proposing for approval, the development and implementation of new personnel policies, programs, and systems

- Investigate or facilitate to determine the causes of disputes or employee disciplinary problems; recommend follow-up action to EVP / Management, discharge action in accordance with code conduct and disciplinary procedure policy

- Ensure that organization is up to date and compliant at all times with all applicable laws, regulations, regulatory guidelines, etc.

- Collaborate with Information Technology group and external partners, as appropriate, to support implementation and management of HR systems and tools

- Manage system interfaces, integrations, and data transfers between HRMS and other internal systems, if applicable, as part of ongoing system evaluations and enhancements.

- Act as advisor and coach to the senior management team at the company on assessment, development, compensation and benefits, litigation, early warning and organization issues

- Build and foster relationships with various human resources experts, external consultants etc. to identify best practices, best technologies, and modern/innovative human resource practices

- Any other assignment as may be assigned by the Bank from time to time

Professional Experience:

- Minimum 12 years of experience in financial sector; Out of which 5 years in core HR functions.

- Knowledge of regulations pertaining to Government regulations on reservation policy.

- Sound understanding of employment laws and statutory regulations & Hands on experience with Statutory Compliances preferred.

- Should have thorough understanding and experience in compensation and benefits, performance management, learning and development, talent management, organization design and development and recruitment & selection

- In-depth knowledge of key trends in Human Resource Management including knowledge of technology solutions for innovative HR practices and should be updated with the international best practices in Human Resources

- Ability to handle and manage confidential information

- Should have experience in leading a growth agenda

- Ability to manage conflict & high interpersonal skills and resilience

- Relevant experience in a multi-cultural work environment fostering a climate of teamwork and collaboration

- Should have a proven track record of influencing individuals & teams to drive results

- Good communication and presentation skills

Educational Qualifications:

- Postgraduate with specialization in Human Resources or equivalent from a recognized University / Institution

Preferred: Certificate course in HR