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School/CompanyInter-American Development Bank
Job TitleChief, Compensation, Benefits, and HR Services Division
CountryUnited States
Job categoryHuman Resources
Career levelSenior (5+ years of experience)
Desired education levelAdvanced Degree
Job typeFull-Time
Job description

The Inter-American Development Bank (IDB) is devoted to improving lives. Established in 1959, it is the largest and leading source of financing for economic, social, and institutional development in Latin America and the Caribbean (LAC). In addition to lending, the IDB partners with its 48 member countries to provide LAC with cutting-edge research on relevant development issues, policy advice to inform decisions, and technical assistance to improve the planning and execution of projects. The Human Resources Department (HRD) serves the IDB Group, which includes the IDB, IDB Invest which is committed to development through the private sector, and IDB Lab, an innovation lab for the Group. 

The Human Resources Department (HRD) is responsible for the administration and development of the human resources of the IDB Group and the coordination of human resources planning for all units.  HRD formulates the Human Capital Strategy of the IDB Group and oversees its implementation via programs and processes in direct support of a results-based business model.  The Compensation, Benefits, and HR Services Division focuses on reinforcing the link between a rewards system and individual results and on ensuring that compensation and benefits policies and practices provide the necessary incentives for staff to meet business challenges.  It also includes oversight of the HR Service Center in Costa Rica with close to 70 activities supporting different HR areas, including benefits, relocation and expatriate services, staff recruitment, complementary workforce hiring services, time and attendance administration, records and data maintenance, among others. 

The successful candidate will exercise leadership in developing strong relationships with the Board of Executive Directors, Senior Management, client Departments and Country Offices that operate under a matrix system. This includes developing and implementing policies and procedures to support the Bank’s business model and provide for a high performance, motivated workforce.  The Compensation, Benefits, and HR Services Division Chief reports directly to the HR Manager and is a member of the HRD Management Team, coordinating and collaborating closely with the other Division Chiefs to provide outstanding strategic services to the client Departments.  A summary of specific responsibilities includes leading a team of approximately 25 staff and 20 consultants, and managing the operations under specialized firms (includes 65 contractors at the HR Services Center in Costa Rica). 

KEY FUNCTIONS  
  • Leads the design and administration of the Compensation and Benefits programs for over 2,000 staff and 1,400 full time-equivalent on-site consultants at HQ in Washington DC and in the Bank’s 28 Country Offices. 
  • Develops the annual compensation, benefits, and recognition proposals made to the Board of Executive Directors of the IDB Group, recommending annual salary increases and variable pay levels to maintain a competitive reward package aligned to the rewards framework of both institutions, ensuring financial sustainability and including a focus on the link between performance, results and rewards.  Briefings and presentations to the Board of Executive Directors is an integral part of the functions. 
  • Leads and oversees the design, management, evaluation, and administration of Bank-wide benefit programs, including global mobility benefits and the health and life insurance plans. 
  • Works with business leaders across the IDB Group, including Country Office representatives, to discuss and address compensation, benefits, performance management, and other HR issues.  Works closely with the Talent Management Division and Budget Division in the annual budget call process that begins with the workforce call exercise. 
  • Provides strategic direction to support the operations of the HR Shared Services Center (HRSC) in Costa Rica to ensure alignment with compensation and benefits policy design and the Human Capital Strategy.  The HR Shared Services Center operation in Costa Rica serves approx. 4,500 employees and consultants in headquarters and all Country Offices. Close to 70 HR activities are run from the HR Shared Services Center in Costa Rica and HQ. 
  • As part of the HR Shared Services operation, coordinates with the U.S. Department of State and processes all actions related to the issuance and renewal of G-IV visas for staff and their dependents and G-V visas for their household staff, as well as coordinates work permits for eligible employee dependents. 
  • Manages the global payroll and tax reimbursements administration functions for IDB Group staff and over 2,000 retirees. Oversees all related internal controls and systems including the required updates and enhancements to SAP. 
  • Leads and oversees the management of an integrated strategy that encompasses all institutional efforts to meet employee well-being needs, including the administration of the $70M expenditures a year self-insured Health Insurance Program covering staff and retirees, the Health Services office on site, and employee assistance services. 
  • Handles complex individual and group cases that require special consideration. 
  • Provides thought leadership and direction to the division.  Leads the annual planning, implementation, and supervision of the Division’s work program.  Monitors the quality of outputs, achievement of goals, and annual objectives for the Division.   Frames the Division’s goals, programs, and initiatives in the context of the institutional strategy, business model, and emerging business needs. 
  • Works in close cooperation with the other two HR Divisions of Talent Management and Employee and Leadership Development to ensure a productive and effective connection between the Rewards Strategy and the Bank's Human Capital Strategy.

Qualifications:

A strong professional with best practice knowledge and experience in HR, finance, or related field.  Strong consultation skills are required in order to provide strategic guidance to business unit leaders.  Candidates should possess a keen understanding of the work of multilateral development organizations, with comprehensive views of how HR operates as a strategic partner to the business. Further, should be an effective manager of resources, fostering a culture of efficiency, good planning, and accountability. Experience in workforce dynamics, analytics, and change management in complex organizations is important, as well as the following minimum requirements:

 Education Requirement: Master's degree or equivalent-level Licenciatura/advanced degree in human resources management, business administration, economics, accounting, finance, organizational development, or other relevant field.

 Language Requirements:  Excellent verbal and written communications skills in English and Spanish is required.  Working knowledge of French and/or Portuguese is a plus.

 Relevant Experience Requirements: At least 10 years of relevant experience in the HR field (or related field like finance), initiating conceptual developments and delivering results.  Seeking strong technical background, including knowledge of leading-edge HR programs, systems, and practices, particularly in the area of compensation and benefits.  A proven track record in building high performing teams with client service orientation is essential, plus: 

  • Ability to bring innovative and workable concepts and ideas to meet client’s needs, translating them into policies, processes and systems.
  • Results-orientation, with ability to meet organizational goals and client expectations while producing high-quality results.
  • Established experience in managing relations at Board level preferred.
  • Proven superior communication and presentation skills, including the ability to effectively translate complex concepts and data and convey them to Staff, Management, and the Board.
  • Excellent negotiation and influencing skills; demonstrated ability to exercise sound judgment and take difficult decisions.
  • Ability to have a “big picture” perspective but also able to understand the business, and design, implement, and manage complex processes from a strategic and operational perspective.
  • Strong interpersonal skills with demonstrated ability to quickly establish and maintain trust and credibility with all stakeholders. Sound judgment and emotional intelligence.
  • Impeccable integrity and highest ethical standards.
  • Demonstrated cultural sensitivity and experience in working in multicultural environments.
  • Collaborative team player who can inspire trust and passion in the IDB Group’s mission, establish productive relationships, and treat all individuals with fairness and respect. 
Supervisory Competencies:
  • Acting Strategically to Deliver Results: Delivers results for the client and IDB that ensure sustainability and support the organization’s strategy, mission, and vision.
  • Developing People and Teams to Deliver Results: Builds talent and capability inside the organization through coaching, mentoring, training, developmental assignments and knowledge-sharing.
  • Leading Change: Accelerates organizational transformation through the management of change and support for employee innovation.
  • Building Engagement and Commitment: Develops engagement and commitment by setting challenging goals, acknowledging employee efforts, creating involvement and participation, hearing multiple perspectives, and driving a unified approach.
  • Promoting Diversity and Inclusion: Improves and ensures a diverse environment and actively works to build, coach, and empower teams with diverse backgrounds (e.g. gender, ethnic origin, disability, sexual orientation, background, perspective). 

The IDB offers a competitive benefits and compensation package, including relocation expenses (if applicable). 

The Compensation, Benefits, and HR Services Division Chief will be subject to the IDB Personnel Policies, the IDB Code of Ethics and Professional Conduct, and IDB policies.

Applicants must be a citizen of one of the 48 IDB Member Countries in order to qualify for any type of employment at the IDB. 

Individuals with relatives working for the IDB and IIC/IDB Invest within and including the fourth degree of consanguinity and the second degree of affinity are not eligible. This includes staff members and contractuals/consultants.

To apply, please send a CV and cover memo by September 13, 2019 - https://iadbcareers.referrals.selectminds.com/jobs/chief-compensation-benefits-and-hr-services-division-1560

Apply URLselectminds.com
Expiry date2019/09/13

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