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Head of Total Rewards

icon building Company : Ocbc Bank
icon briefcase Job Type : Full Time

Number of Applicants

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Job Description - Head of Total Rewards

WHO WE ARE:

As Singapore’s longest established bank, we have been dedicated to enabling individuals and businesses to achieve their aspirations since 1932. How? By taking the time to truly understand people. From there, we provide support, services, solutions, and career paths that meet their individual needs and desires.

 Today, we’re on a journey of transformation. Leveraging technology and creativity to become a future-ready learning organisation. But for all that change, our strategic ambition is consistently clear and bold, which is to be Asia’s leading financial services partner for a sustainable future.

 We invite you to build the bank of the future. Innovate the way we deliver financial services. Work in friendly, supportive teams. Build lasting value in your community. Help people grow their assets, business, and investments. Take your learning as far as you can. Or simply enjoy a vibrant, future-ready career.

Your Opportunity Starts Here.

Why Join

As Head of Total Rewards at OCBC, you will play a key role in shaping and driving the total rewards agenda across the Bank. You will be responsible for designing, managing, and governing compensation and benefits programs that attract, motivate, and retain top talent, while ensuring alignment with Group and business strategy, regulatory requirements, and evolving market practices.

You will be part of a team committed to creating a positive, inclusive, and high‑performing work environment, with the opportunity to make a meaningful impact on employee experience and organisational success.


How you succeed

To succeed in this role, you will provide strong subject‑matter expertise, structured governance, and practical execution across all aspects of total rewards. You will translate business and workforce strategies into effective reward frameworks, policies, and programs, balancing market competitiveness, cost management, and risk considerations.

You will leverage data, market insights, and analytics to support decision‑making, partner effectively with senior stakeholders, and drive continuous improvement across compensation and benefits programs.


What you do
You will report to the Head of Total Rewards & HR Compliance, and your key responsibilities will include:

  • Drive the implementation and ongoing enhancement of the Bank’s total rewards strategy, ensuring alignment with business objectives, talent strategy, and regulatory requirements
  • Manage annual compensation cycles, including salary reviews, bonuses, and promotions
  • Conduct salary benchmarking and market intelligence activities across key markets
  • Design, review, and maintain employee benefits programs, including health and wellness, insurance, retirement, and other long‑term benefits
  • Monitor market trends and employee needs to recommend enhancements to benefits offerings and strengthen the employee value proposition
  • Ensure benefits programs are cost‑effective, compliant, and aligned with wellbeing objectives
  • Support the annual staff budgeting exercise including forecasting and cost management.
  • Oversee clear and effective communication of total rewards programs to employees and senior stakeholders
  • Drive effective use of HRIS and rewards systems (e.g. Workday) to enhance data quality, reporting, and operational efficiency
  • Leverage analytics and insights to inform total rewards decisions and improve program outcomes

Who you are

  • A Bachelor’s degree in a relevant field, such as Human Resources or Business Administration
  • Minimum 10+ years of relevant experience in compensation and benefits / total rewards within a regional or multinational environment
  • Strong analytical capability, with the ability to translate complex data into clear insights and recommendations
  • Experience with Workday or similar HRIS platforms; advanced Excel and data analysis skills preferred
  • Strong knowledge of employment, tax, and benefits regulations across multiple jurisdictions
  • Strong communication, stakeholder management, and people leadership skills

What we offer:


Competitive base salary. A suite of holistic, flexible benefits to suit every lifestyle. Community initiatives. Industry-leading learning and professional development opportunities. Your wellbeing, growth and aspirations are every bit as cared for as the needs of our customers.

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