Job Purpose
To
design and implement the Bank’s reward and recognition strategies and policies
to attract, retain, and motivate talent, while aligning with business
objectives, regulatory requirements, and market standards.
Key Responsibilities
Compensation
and Benefits
- Develop and manage competitive compensation and benefits structures,
including base pay, variable pay, incentives, and allowances.
- Conduct regular benchmarking and salary surveys in collaboration
with various survey partners to ensure alignment with market trends,
especially within the Kenyan banking sector.
- Administer the Bank’s salary review process, bonus payout and job
grading systems.
- Review and ensure compliance with internal policies, CBK guidelines,
and statutory requirements related to pay and benefits.
- Work with Finance and senior management to forecast and manage the
remuneration budget.
- Spearhead the job evaluation exercise across the Bank to establish a
fair and transparent compensation and design competitive salary
structures.
- Ensure the Bank maintains a competitive “pay-for-performance”
culture aligned with banking industry benchmarks.
- Design and manage specialized incentive structures
Rewards
Strategy and Recognition
- Develop and implement total rewards strategies and policies that
support employee engagement and performance.
- Drive reward-based recognition programmes that reinforce
organisational values and support a high performance within the Bank.
- Advise leadership on reward-related matters including retention
strategies, executive compensation and reward risks.
- Regularly review the reward policy to ensure alignment with the
Bank’s strategic objectives
- In liaison with the head of HR, contribute to the design,
implementation, and management of effective Recognition Programs to reward
staff contributions
Governance,
Reporting and Reporting
- Prepare management and regulatory reports as required (e.g., CBK).
- Ensure compliance with tax laws, labour laws, and financial
regulations relating to compensation and benefits.
- Maintain accurate and secure records of compensation decisions and
performance outcomes.
- Ensure all reward frameworks comply with local regulations, (CBK
regulations, labor laws and corporate governance standards.
Benefits
& Vendor Administration
- Manage relationships and service level agreements (SLAs) with
external benefits providers (e.g., medical insurance, pension
administrators and wellness partners).
- Administer specialized financial industry perks, such as staff loan
schemes, mortgage subsidies, and car loans.
Benchmarking
& Market Analytics
- Continuously monitor industry trends and conduct benchmarking
surveys to ensure salary packages remain competitive in the financial
sector.
- Utilize HRIS data and analytics to model cost implications for new
reward structures and evaluate the ROI of existing benefits.
Job Requirements:
High
Level of Judgement is required in the:
- Creativity and incisiveness to identify gaps in the rewards and
compensation systems
- The ability to manage relationships across the Bank requires strong
influencing skills and the Bank’s culture understanding.
- Achieving & maintaining the position of a high-performance
culture across the Bank.
Complexity
arises from the:
- Rapid changes being and amendments on tax and Labor laws, and
procedures in the banking industry.
Education
- Bachelor’s degree in human resources, Business Administration,
Finance, or a related field.
- Professional certification in HR, Compensation, or Reward Management
(e.g. CIPD, GRP, CHRP-K) is an added advantage
Work
Experience
- Minimum of 6–8 years’ experience in HR with at least 3 years in
rewards management, preferably within the banking or financial services
sector
- Knowledge of Kenyan labour laws, compensation structures, and CBK
regulations is essential.
Competencies
- Strong analytical and data interpretation skills
- Solid understanding of performance and reward frameworks
- Excellent stakeholder management and communication skills
- High integrity, confidentiality, and professionalism
- Proficiency in HRIS and data analysis tools (Excel, Power BI, SAP,
etc.)
- Strategic thinking with strong attention to detail
How to Apply
Send your CV
and cover letter to careers@dibkenya.co.ke
by COB 30th May 2026, Quoting The role title as the Subject of the
email application. Canvassing will lead to automatic disqualification.
