Head, Total Rewards
Vacancy Number: 2241
Department/Unit: Corporate Services / Human Resources Unit / Human Resources Unit
Date of Issuance: March 24, 2025
Deadline of Applications: April 23, 2025
Required Languages: English
Contract Type: Fixed Term Contract
Grade: Management
Job Category: H1
Recruitment Status: International
Job Profile
The Head of Total Rewards is responsible for the design and implementation of a comprehensive, organization-wide compensation strategy that aligns with the OPEC Fundโs objectives of ensuring a fair and competitive employee rewards program. This role ensures that compensation and benefits policies are in line with the organization's HR strategy and enhanced on a continuous basis. The position oversees payroll, compensation and benefits, employee administration, and employee offboarding. The incumbent leads a team at the headquarters in Vienna.
Duties and Responsibilities
Strategic Responsibilities
Drives continuous improvement in the Total Rewards strategy to position the OPEC Fund as an employer of choice. Collaborates with the HR Director to develop and implement a modern Total Rewards strategy aligned with organizational goals. Standardizes and streamline processes to enhance efficiency and effectiveness. Provides expert advice on total rewards and well-being policies. Leads key initiatives and projects to enhance remuneration and reward systemsBenefits Management
Compensation & Reward Management
Market Analysis: Conducts salary benchmarking and provides data-driven insightsProgram Development: Implements competitive and performance-driven compensation structuresPolicy Compliance: Ensures adherence to labor laws and internal policiesSalary Administration: Oversees payroll coordination and policy adherenceStakeholder Guidance: Trains HR staff and advises leadership on compensation mattersBenefits & Allowances: Conducts periodic reviews and recommend enhancementsBudget Planning: Supports salary, allowance, and benefits forecasting. Health & Wellness: Manages and/or supports medical insurance, wellness programs, and employee support initiativesAudit & Compliance
Ensure compliance with reward policies and regulatory standardsLeads salary benchmarking, incentive plan management, and internal equity analysisAddresses audit findings with sustainable solutionsPolicy & Procedure Development
Maintains and updates policies, standard procedures, and benefits documentationOversees medical insurance plan reviews and renewalsBenchmarks remuneration policies and implements new benefit programs as neededEnsures accurate record-keeping and serve as the escalation point for complex benefits issuesStakeholder Engagement & Leadership
Represents HR in management meetings and external forumsOversees budget planning for total rewardsProvides expert guidance on budget analysis and utilizationFosters strong partnerships with employees and managersTeam Management & Leadership
Leads, coaches, and mentors the Total Rewards & Well-being teamSets clear expectations, provides feedback, and drives high performanceAddresses performance gaps and supports professional developmentPerforms any other related tasks as assigned by the HR Director to contribute to the success of the HR function.
Qualifications and Experience:
Masterโs degree in Business Administration, Economics, Mathematics, Statistics, or a related fieldA minimum of 10 years relevant professional experience, of which five (5) years should have been from an international development institutionIn-depth and thorough knowledge of compensation & benefits concepts, principles of salary administration, benefits, including market best practice is requiredExperience in HR policy and HR operations is highly desirableAbility to work independently, apply analytical and quantitative skills to identify issues or problemsAbility to identify and offer suggestions for improvements, and collaborate to ensure integration with other policies, systems, and practicesIn-depth knowledge of relevant technologies, business processes, or platforms is essentialDemonstrated knowledge of HR-related areas beyond compensation and benefits to facilitate connections with the broader department and institutionAbility to organize, prioritize, and deliver timely under high pressureExtensive knowledge and expertise in Total Rewards, enabling skilled operation of the OPEC Fund's HR practices, procedures, and programs is essentialAbility to identify and diagnose needs. Ability to facilitate and implement interventions in order to address needs and drive change Ability to collaborate effectively with highly diverse colleaguesAbility to communicate clearly with diverse audiences, including non-technical audiencesFluent in English. Good working knowledge of Arabic, French or Spanish is an added advantage.Competencies
Subject Matter Knowledge - The in-depth understanding and expertise in specific fields relevant to the OPEC Fund's operations and the individual's role.Collaboration and Teamwork - The ability to effectively work with colleagues, stakeholders and partners to achieve shared goals.Customer Centricity - The ability to focus on comprehending and addressing customer needs; consistently deliver exceptional service and foster strong, lasting customer relationships. Decision making - The ability to analyze information comprehensively to make well-informed decisions; assess both immediate and long-term ramifications. Problem Solving Ability - The ability to identify issues adeptly, delve into root causes, and devise pragmatic solutions; demonstrate ingenuity and resourcefulness in overcoming challenges. Trustworthiness, Ethics & Governance -The ability to act with integrity and transparency; safeguard confidentiality; demonstrate ethical decision-making and interactions; to adhere to organizational regulations and ethical benchmarks, foster a culture of compliance and strong governance; ensure team members understand and adhere to protocols.