Nigerian Stock Exchange (NSE) Latest Recruitment

The Nigerian Stock Exchange, services the largest economy in Africa, and is championing the development of Africa’s financial markets. The Exchange offers listing and trading services, licensing services, market data solutions, ancillary technology services, and more. It is an open, professional and vibrant exchange, connecting Nigeria, Africa and the world.We are recruiting to fill the position below:Job Title: Team Lead, Compensation & BenefitsLocation: LagosDivision: Corporate Services DivisionDepartment: Human Resource DepartmentReport to: Acting Head-HRGrade: Assistant Manager – ManagerEstimated Date Of Resumption: Monday, October 2, 2017      Job SummaryThe Nigerian Stock Exchange services the largest economy in Africa, and is championing the development of Africa’s financial markets.The Exchange offers listing and trading services, licensing services, market data solutions, ancillary technology services, and more. It is an open, professional and vibrant exchange, connecting Nigeria, Africa and the world.The Compensation and Benefits Management Team Lead (as a subject matter expert) will design, plan and implement The Exchange’s Compensation and Benefit Management strategies including Executive Compensation programs, policies and procedures, and create a compensation framework to ensure competitiveness, fairness, and internal equity.He or she will work with the HR Team/colleagues and internal clients to support the company’s mission, strategy and culture through Compensation and Benefits alignment.The Team Lead will also oversee the selection and management of external vendors and consultants for Compensation and Benefits survey.The Team Lead shall be responsible for overseeing the Compensation and Benefits Management Team. Administer employee insurance, pension, Employee Compensation Act (ECA), Group Life, etc plans and work with insurance brokers to optimise staff insurance plans.The candidate shall also be responsible for managing the health and wellness programmes instituted in The Exchange such as the Health Management Organization (HMO) scheme and managing the HMO Providers. This position will have strategic and tactical responsibility for design, implementation and execution of The Exchange’s Compensation and Benefits Management strategy.The role will have responsibility for – Compensation and Benefits Strategy, Compensation and Benefits Management, Payroll Administration, PAYE/PITA Tax Compliance, Statutory Compliance, Employee Relations, Employee Welfare, Employee Health and Wellness, Absence Management, Research/Policy Development, Benefits Management Standard Procedures, Compensation and Benefits Management Budget and Risk Management of the entire Compensation and Benefits Management Function. Serving as the Compensation & Benefits Management Team Lead, this position reports to the Head, Human Resources at the Corporate Headquarters.Key ResponsibilitiesCompensation and Benefits Management:Define a fair, equitable and competitive total Compensation and Benefits Management strategy and framework that fits and is aligned to The Exchange’s strategy and business goals and conduct market comparative analysis of Total Cost of Employment and Total Compensation Cost for the workforceDesign and manage Executive Compensation Programmes for The Senior Management of The Exchange Develop a consistent Compensation and Benefits philosophy in line with work culture and organisational objectives and ensure that compensation practices are in compliance with relevant legislation (Labour Law, Pension Act, NHF Act, ECA, Personal Income Tax, etc.)Responsible for reviewing programs, suggesting modifications, and ensuring achievement of competitive market position and other Compensation and Benefits goals identified by the organizationResponsible for ensuring Compensation and Benefits programs meet best practices, comply with legal requirements, and are cost effectiveDevelop Compensation and Benefit programs and framework needed to position the organization to successfully achieve its growth strategyUse various methods and techniques and make data based decisions on direct financial, indirect financial and nonfinancial Compensations and Benefits programmesResearch industry trends by completing/participating in Compensation and Benefit surveys. Analyze complex Compensation and Benefit information. Forecast trends and assist with future benefits designs. Develop specific recommendations to be presented for Executive Management considerationsParticipate in salary and labour market surveys to determine prevailing pay rates and benefitsDeploy effective communication strategies and develop success metrics and conduct on-going research into emerging trends, issues and best practices with regards to Compensation and BenefitsAnalyse survey reports to ensure appropriate compensation across the organization, forecast budget for salary reviews and alignmentsMonitor administrative costs of Compensation and Benefits programs and recommend cost containment strategies including alternative methods for administration and funding. Prepare budgetary recommendations and assist in the monitoring, verifying and reconciling budgeted fundsPrepare, and manage the overall budget for the Compensation and Benefits Management Function Serve as a compensation and benefits subject matter expert and advisor to Head-HR, Management and the Human Resource teamResearch/Policy Development and Standard Procedures:Design, evaluate and modify Compensation and Benefits policies to ensure that programs are current, competitive and in compliance with legal requirementsMaintain and manage Compensation and Benefits related policies for The Exchange and ensure compliance with federal and state laws, including reporting requirementsAnalyze compensation policies, government regulations, and prevailing employee compensation across benchmarked sector to develop competitive compensation planAdvise managers and employees on state and federal employment regulations, benefit and compensation policies and personnel proceduresReview, develop, update and make recommendations for changes to compensation and benefit, employee relations, activity centre, etc programs, processes and policiesDevelop and maintain Compensation and Benefits Management Standard Operating Procedures (SOPs) document.Activity Center Management:Responsible for the management of the Activity Center comprising of a Crèche, Café/Bar and GymMaintain effective relationships with vendors, brokers, consultants, etc. and Service Level Agreements and ensure compliance with terms of servicePeriodically prepare dashboard and analysis reports, as specify or requested by the Head-HR, on the Activity Center patronage and issuesPayroll Management:Maintain payroll information by designing systems; directing the collection, calculation, and data captureUpdate payroll records on the Human Resource Information System (HRIS) by reviewing and rectifying changes in payroll exemptions, insurance coverage, savings deductions, and job titles, and department/division transfers etcPrepare reports by compiling summaries of monthly and annual earnings, taxes, deductions, leave, non- taxable incomes, etc. and ensure salaries are paid at the stipulated date, monthlyDetermine payroll liabilities by reviewing the calculation of employee statutory income taxes, and employer’s pension contribution, workers compensation payments, etcBalance the payroll accounts by resolving payroll discrepancies on the HRIS and provide payroll information to appropriate parties/stakeholdersMaintain payroll guidelines and update applicable policies and proceduresConduct periodic payroll reviews, audits and prepare reportsRespond in a timely manner and professionally to payroll requests from internal stakeholders across the organizationImplement and administer performance incentive plan programsComply with Federal, State, and Local legal requirements by studying existing and new legislation; enforcing adherence to requirements; advising management on needed actionsMaintain employee confidence and protect payroll operations by keeping information confidentialEmployee Welfare, Employee Health and Wellness: Manage the Health Management Organisation (HMO) providers, ensure all eligible employees are enrolled in their applicable plan, and proactively resolve employees’ medical related issuesResponsible for employee welfare issues such as birthday celebrations (email greetings and party),weddings, bereavements, etc and ensure all the applicable payments are processed on timeAdvise Line Managers on all employee relation matters (ensuring problems are dealt with speedily and at the lowest possible level, in accordance with laid down processes, procedures and policies), including discipline, grievance, absence control, etcAbsence Management:Oversee and manage Employee Absence Management and leave administration on the HRIS and provide weekly report on absence trendsMonitor both short and long-term sickness/illness history and capture the data on the HRIS, advising Line-Managers and follow up to ensure that employee returns to work at the earliest opportunity and that, where necessary, rehabilitation programs are organised through the HMO providerTrack all employee absence information the HRISResponsible for managing, planning, developing, and implementing The Exchange’s leave policies and proceduresCounsel and advice employees and managers on leave allowance payment, policies and procedures. Responds to employee questions or concerns regarding leave issues and serves as main point-of-contact, maintaining regular communication with employees and Line-Managers, as it pertains to the status of employees on leaveOther Areas of Responsibilities:Provide HR Team and Management with on-going guidance, advice, consult and recommendations on Compensation and Benefits programs, policies and procedures for the organizationPerform and participate in internal and external audit programsResponsible for Compensation and Benefits Management “risk review” wherein key features of the compensation plan are itemized, risk mitigators and aggravators are identified, and a risk assessment is performedEmploy continual tracking of Key Risk Indicators (KRIs), such as the allocation of total compensation between fixed compensation and variable payouts and advise Head-HR and Management appropriatelyPerform other HR related duties as may be assigned from time to time

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