Total Rewards (Compensation)

Nomura Overview:

Nomura is a global financial services group with an integrated network spanning approximately 30 countries and regions. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Wealth Management, Investment Management, and Wholesale (Global Markets and Investment Banking). Founded in 1925, the firm is built on a tradition of disciplined entrepreneurship, serving clients with creative solutions and considered thought leadership. For further information about Nomura, visit www.nomura.com.

Nomura Services, India supports the group’s global businesses. With world-class capabilities in trading support, research, information technology, financial control, operations, risk management and legal support, the firm plays a key role in facilitating the group’s global operations.

At Nomura, creating an inclusive workplace is a priority. Our approach to inclusion encompasses a variety of initiatives, including sensitization campaigns, implementing conducive policies & programs, providing infrastructure support and engaging in community events. Over time, we have made meaningful progress in these areas, and this commitment has been well-recognized across the industry. We are proud recipients of the prestigious Top 10 Employers award by the India Workplace Equality Index (IWEI), IWEI Gold Employer of Choice awards, India CSR Leadership Award 2024 for Holistic Village Development Program and the YUVA Unstoppable Changemaker Awards.

Business Overview:

The Human Resources team partners with Nomura’s businesses to offer a consistent global approach to people management with local ownership and delivery. Our objective is to support Nomura’s Vision and Values making Nomura a vibrant and exciting place to work for, to attract and retain the best people and be recognized as an employer of choice. We seek to ensure that there is clarity about how the HR team makes a difference to business performance. One of our key requirements is in the management of people risk across our businesses, and to encourage integrity, fairness, transparency and accountability by providing management information that gives insight into people performance and risks.

What We Offer:

• We support employee wellbeing by ensuring a sense of purpose and belonging.
• We offer a comprehensive range of wellbeing services which allows employees to get access to the assistance they need at any point in their wellbeing journey.
• Our bespoke benefits support employees and their family’s holistic wellbeing and are inclusive of diverse identities and family structures.

Position Specifications:

Corporate Title:

Functional Title:

Experience:

Qualification:

Role & Responsibilities:

• Develop and demonstrate good knowledge of Business lines and products
• Overall planning and execution of Year End Compensation exercise
• Provide YE analytics & data management
• Develop training and communication materials for the implementation of Year End Compensation exercise and other local compensation programs
• Provide market and job insights through Market data Benchmarking by participating and analyzing various market compensation surveys
• Provide Market Intelligence through different resources like secondary research, networking with compensation professionals in other peer firms
• Consultative services to HRBP’s in the area of Compensation
• Continuous connect with Global compensation team as well as regional HR teams in order to be complaint with both local as well as global Nomura standards
• Responsible for managing an effective relationship with HR vendors such as consulting firms, internal stakeholders, banking relationship, non-statutory related vendors
• Adhoc projects to enhance employee experience related to Rewards
• Support in wide variety of Compensation initiatives across India
• Provide guidance on all contractual, compensation, tax and mobility issues
• BAU activities in Compensation and Benefits Department including new Compensation-fitments etc.
• Design, review and maintain salary Bands for the purpose of talent acquisition on annual basis

Mandatory:

• Postgraduate with 3-6 years of experience in C & B
• Team player with a demonstrated ability to collaboratively work with a wide range of people at different levels
• Strong Interpersonal and communication skills
• Ability to take initiatives and willingness to learn
• Hands on experience with quantitative and qualitative research
• Strong analytical skills and MS Office skills
• Flexible and ability to handle multiple tasks
• Familiarity with Success factor (SAP)/ Oracle
• Understanding of benefits in the Indian scenario is an added advantage

We are committed to providing equal opportunities throughout employment including in the recruitment, training and development of employees. We prohibit discrimination in the workplace whether on grounds of gender, marital or domestic partnership status, pregnancy, carer’s responsibilities, sexual orientation, gender identity, gender expression, race, color, national or ethnic origins, religious belief, disability or age.

*Applying for this role does not amount to a job offer or create an obligation on Nomura to provide a job offer. The expression "Nomura" refers to Nomura Services India Private Limited together with its affiliates.

*The benefits are subject to change and will be in accordance with Company’s policies as may be applicable from time to time).