Aids in developing and executing the firm's reward strategy, managing the key areas of reward, benefits and pensions and liaising with third parties to develop a consistent best practice approach.
Ensures that reward practices are compliant with the relevant regulatory recommendations and requirements are also covered in this function.
Provides support across the entire firm or to multiple business lines / areas.
Has strategic responsibilities and strong leadership skills to ensure appropriate staffing and organizational structures are in place for their area.
Partners with the revenue areas to improve efficiency, effectiveness, productivity and / or control.
All other duties as assigned.
Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.
Qualifications:
10+ Years experience
Seasoned manager with extensive product knowledge and expertise
Proficient in Microsoft Office with an emphasis on MS Excel
Self-motivated and detail oriented
Proactive leadership and motivational skills
Consistently demonstrates clear and concise written and verbal communication skills
Proven influencing and relationship management skills
Management and oversight of the 69 retirement programs across 18 different countries that Citi sponsors in North and Latin America
Ensure local country compliance with Citi policies and mandates
Manage team of 11 in total with 3 allocated to Latin America Pensions, 4 allocated to NAM and 4 allocated to Brazil
Main Citi contact for various Trustee Boards, Committees/Councils.
Direct report to Citi’s Director Retirement & Allowances
The role will involve working closely with the HR Community, other pensions related functional teams, Americas’ counterparts in other Citigroup businesses, and outsourced
Key Responsibilities:
Ensure local country compliance with Citi’s Retirement Plan Guidelines, local laws and regulations, as well as Citi’s Benefits Guiding Principles and Philosophy
Coordinate contributions into plans, potential settlement impacts, and US GAAP implications of various pension actions (e.g., accounting impact of de-risking activities)
Review strategy of each plan in region and implement changes as needed
Coordinate with local country business/management team to ensure proper administration of each retirement program
To support the Director of Retirement & Allowances on various governance or strategic initiatives which may include certain allowances projects as well as regular retirement plans management.
To act as a pensions subject matter expert and work with other specialist areas (eg HR, Risk, Compliance, Finance, Legal, Payroll, Information Technology) as appropriate to provide seamless support for plan impacting employees and members.
To contribute to pensions projects as well as support the delivery of business-as-usual activities.
Prepare materials, minutes and present papers/updates to West Retirement Council meetings and Retirement Plan Sponsor Council global meetings.
Oversee team’s management of the third-party administrator and outsourced vendors, resolving issues and ensuring Service Level Agreement (SLAs) and Third-Party policy requirements are met. Further ensure relevant changes to schemes or potential developments which impact on administration are acted on appropriately.
Escalate any issues to the Director of Retirement & Allowances as appropriate.
Review escalated data, contribution and other administrative issues from team as appropriate.
Review of communication materials, as appropriate
Support and manage budgets and vendor invoices as appropriate
Knowledge/Experience:
10 + years of technical and/or strategic Pensions Experience
Expert understanding of Defined Benefit, Defined Contribution and Termination Indemnity pension plan structures
Understand pensions fiduciary trustee role and difference with plan sponsor role
Actuarial background preferred
Broad understanding of HR practices in general and pension and benefits provision in particular
Experience dealing with corporate processes, payroll, budgets, and invoice management
Experience dealing with a wide range of internal and external third parties.
Experience presenting technical pensions information to non-technical audiences
Advanced English language isrequired.Spanish language strongly preferred. Portuguese and other languages a plus.