Compensation and Benefits Manager

Role overview

Bank of China Limited Singapore Branch is seeking a Compensation and Benefits Manager to oversee core rewards processes, benefits administration, and compensation strategy support within the HR function.

Key responsibilities

• Run the annual performance and compensation cycle end to end, including performance calibration, pay review, promotion planning, annual bonus planning, and execution.
• Assist with a range of compensation operations such as salary reviews, bonus computations, annual manpower budgeting, and sales incentive programmes.
• Carry out compensation benchmarking and market research, assess pay trends across the industry, and recommend improvements to salary positioning, job grading, and overall compensation approach.
• Prepare analysis, presentations, and reports to support senior management discussions on remuneration.
• Draft, maintain, and refine compensation and benefits policies.
• Contribute to the design and maintenance of the compensation framework, including salary bands and job grading structure.
• Oversee employee benefits administration, including group insurance, flexible benefits, and staff welfare schemes, while managing vendors and contract renewals.
• Perform market salary surveys and trend analysis to better understand prevailing compensation practices.
• Support organisation design changes and workforce planning activities.
• Handle any other HR-related assignments directed by the supervisor.

Requirements

• A bachelor's degree in Human Resources, Business, Finance, or a related discipline.
• At least 5 years of experience in compensation and benefits, ideally gained in banking or financial services.
• Strong analytical ability with solid data interpretation skills.
• Practical experience with annual pay reviews, bonus planning, headcount budgeting, and HR cost analysis.
• Advanced proficiency in Microsoft Excel and familiarity with compensation benchmarking platforms such as Mercer, Willis Towers Watson, and Korn Ferry.
• Strong spoken and written Chinese skills for effective communication with Head Office colleagues.

Additional information

This role is based in Singapore and is a full-time onsite position.