Senior Compensation Analyst

24 hours ago


Kuwait City, Al Asimah Gulf Bank Full time
Job Summary

The Senior Compensation Analyst is responsible for assisting in the administration of the annual reward review and promotion reviews, ensuring they align with approved parameters and budget.

About the Role

Maintain an up-to-date library of job descriptions and conduct periodic reviews to ensure relevance. Create new job descriptions in line with business requirements and update existing ones to reflect operational & structural changes.

Key Responsibilities
  • Reward Review Cycle: Assist in administering the annual reward review and promotion reviews in line with approved parameters and budget.
  • Job Descriptions: Maintain a library of job descriptions and conduct periodic reviews to ensure relevance.
  • Job Evaluation: Carry out the job evaluation system and process by ensuring timely evaluation of all new/changed positions as well as creation of job evaluation factors internal benchmark across the bank.
  • Job Analysis & Design: Ensure all jobs bank-wide have been analyzed and sent to the job evaluation panel to determine job grades across the organization.
  • Data Analysis: Drive comprehensive data analysis for any set objective and ensure effective results (e.g., allowance/benefits reviews, etc.).
  • Compensation Surveys: Assist in conducting compensation surveys to determine external market competitiveness, pay practices, pricing trends, and best practices in compensation benchmarking within local markets.
  • Communication: Coordinate communication of compensation and benefits information to employees and other HR groups.
  • Reports: Prepare data for compensation and benefits analysis and check the quality of data. Clean reported data when and as required.
Additional Accountabilities
  • Corporate Governance: Adhere to CBK regulations, Bank's policies and procedures, and work standards.
  • Compliance: Compliance and awareness of Risk Policies, AML and control regulations as well as compliance to operational procedures and instructions.


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