Head of Rewards

A leading, well‑established financial institution in the region is seeking a Head of Total Rewards.

Your new company

A leading, well‑established financial institution in the region is seeking a Head of Total Rewards to shape and drive its group-wide compensation, benefits, and recognition strategy. This is a pivotal leadership role responsible for designing competitive and future‑ready reward programs that attract, motivate, and retain top talent in a dynamic, high‑performance environment.

Your new role

In this role, you will be tasked with overseeing:

1. Total Rewards Strategy
  • Lead the design and execution of an integrated Total Rewards strategy aligned with the organisation’s business objectives, talent priorities, and long‑term workforce plans.
  • Conduct internal assessments and external market benchmarking to ensure the reward framework remains competitive and equitable.
  • Advise senior leadership on reward trends, market movements, and policy implications.
2. Compensation Leadership
  • Oversee base pay structures, variable compensation models, bonus cycles, and long‑term incentive plans, including executive compensation.
  • Manage job evaluation frameworks, grading structures, and salary bands to maintain internal equity.
  • Ensure compensation practices comply with regulatory requirements and organisational governance standards.
3. Benefits & well-being program management
  • Develop and manage a comprehensive portfolio of benefits including medical, wellness, insurance, and retirement programs.
  • Conduct regular reviews to assess the utilisation, competitiveness, and cost-effectiveness of benefits offerings.
  • Build relationships with external providers to optimise value and service quality.
4. Recognition, engagement & culture
  • Design recognition programs that reinforce the company’s values, high‑performance expectations, and employee engagement ambitions
5. Analytics, reporting & HR Technology
  • Use HR analytics to assess reward program effectiveness, identify insights, and support evidence‑based decision-making.
  • Oversee improvements to HRIS, payroll processes, and Total Rewards operations to drive efficiency and digital enhancement
What you'll need to succeed
  • 8–10+ years of experience in Total Rewards, Compensation & Benefits or HR strategy, with at least 5 years in a leadership role.
  • Deep expertise in compensation design, benefits management, job evaluation, and regulatory compliance.
  • Strong analytical skills and proficiency with HRIS and compensation tools.
  • Excellent communication, stakeholder management, and the ability to influence senior leaders.
  • Strategic thinker with resilience, adaptability, and a continuous improvement mindset.
  • Professional certification (e.g., CCP/GRP) is an advantage.

What you'll get in return

  • Opportunity to lead a full-spectrum Total Rewards portfolio in one of the region’s most respected financial institutions.
  • High-impact leadership role shaping organisation-wide compensation philosophies, benefits culture, and talent strategies.
  • Work in a transformative environment focused on innovation, digitalisation, and people-centric practices.

What you need to do now

If you're interested in this role, click 'apply now' to forward an up-to-date copy of your CV, or call us now.

If this job isn't quite right for you, but you are looking for a new position, please contact us for a confidential discussion on your career.

Summary

Job Type
Permanent
Industry
Banking & Financial Services
Location
Malaysia
Specialism
Human Resources
Ref:
1285141

Talk to a consultant

Talk to Nawal Husna, the specialist consultant managing this position, located in Kuala Lumpur
Level 26, Menara 3, Petronas

Telephone: +60378906273

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