VP, Compensation Sr. Manager

Overview

Lead the strategy, governance, design, implementation and operational management of all compensation, benefits and payroll programmes for U.S. Bancorp India (USBIPL), serving as a key advisor to senior leadership during the establishment and growth of the India GCC.

What you'll do

• Own development and maintenance of India salary structures and job architecture within the global framework, adapted to local market conditions and regulatory requirements.
• Drive India benchmarking, pay modelling and competitive analysis to support talent attraction and retention, partnering with global teams to execute annual cycle parameters.
• Lead the India execution of the annual compensation year-end process, including modelling, calibration, risk adjustment and communication.
• Oversee data integrity and reporting for the region, and collaborate with global teams on system enhancements and process automation.
• Implement executive pay frameworks across India, tailored to local compliance and cultural nuances.
• Provide strategic input for Committee and Board reporting (as applicable), ensuring accurate India disclosures aligned with global governance standards.
• Lead the delivery and governance of employee benefits programmes in India (medical, life, accident, wellness, retirement, gratuity and statutory benefits), including vendor relationships, annual renewals, employee communications and service delivery standards.
• Lead the delivery and governance of payroll operations in India, ensuring accurate, timely and compliant processing through oversight of internal teams and third-party providers.
• Establish and maintain payroll governance, controls and operational standards, and oversee payroll-related projects, process improvements and vendor performance.
• Partner with Finance to keep annual compensation expense within plan and to incorporate compensation planning into annual forecasting.
• Partner with the HR Compliance Officer to ensure accuracy of reports and disclosures requiring compensation, benefit and payroll data.
• Maintain audit-ready documentation and lead responses to internal or external reviews, embedding governance and risk controls into compensation processes.
• Serve as the India subject matter expert for compensation, advising HR Talent Consultants and senior leaders on pay decisions and market trends, and act as point of contact for compensation escalations.
• Manage and develop the India compensation, benefit and payroll team, building expertise in compensation, executive pay, regulatory compliance and analytics.

What you'll need

• A degree or equivalent; candidates with exceptional experience without a degree-level qualification will be considered.
• Minimum of 12 years' experience in compensation, benefits and payroll management.
• Preferably within financial services (stated as preferred experience, not a hard requirement).
• Demonstrable proven success in the design, operation and management of sales incentive plans.
• Practical knowledge and understanding of key European compensation legal and regulatory topics applicable to credit institutions and investment firms.
• Experience in developing, implementing and managing risk and compliance frameworks, policies and procedures.
• Proven track record of designing communications to senior executives and broader employee communications.
• Demonstrable experience of interaction, influencing and reaching agreed-upon solutions at management and executive levels.
• Proven track record of working independently on own initiative and delivering practical outcomes to a professional standard.
• Proven resilience and ability to handle multiple priorities and meet deadlines while maintaining high work standards, with impeccable attention to detail.
• Experience managing different stakeholders, including second and third lines of defense.
• Collaborative approach with strong emphasis on delivery and execution.
• Proven analytical skills.
• Intermediate computer skills, including experience with Microsoft Office applications.

Details

• Location: Chennai, India.