VP, Compensation Sr. Manager

At U.S. Bancorp India, we’re on a journey to do our best. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bancorp India gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One. Job Description Job Summary: The Head of Compensation, Benefits & Payroll is responsible for the strategic leadership, governance, design, implementation, and operational management of all compensation, benefits, and payroll programmes within USBIPL. The role ensures that Total Rewards programmes are market competitive, compliant with Indian legal and regulatory requirements, operationally efficient, and aligned with U.S. Bank's global reward philosophy. The position serves as a key advisor to senior leadership and is accountable for supporting the attraction, retention, engagement, and development of talent during the establishment and growth of the India GCC. Job description: Compensation Strategy and Design Own the development and maintenance of India salary structures and job architecture within the global framework, ensuring alignment with global standards while adapting to local market conditions and regulatory requirements. Drive India benchmarking, pay modelling, and competitive analysis to support talent attraction and retention, partnering closely with global teams to execute annual cycle parameters and maintain governance consistency. Annual Compensation Year-End Process Lead the India execution of the annual compensation cycle, including modelling, calibration, risk adjustment, and communication. Oversee data integrity and reporting for the region, and collaborate with global teams on system enhancements and process automation to improve efficiency and accuracy. Executive Compensation & Governance Implement executive pay frameworks across India, tailoring them to local compliance and cultural nuances. Provide strategic input for Committee and Board reporting (as applicable), ensuring accurate India disclosures and alignment with global governance standards. Benefit Strategy & Administration Leads the delivery and governance of employee benefits programmes in India, ensuring they remain competitive, compliant, and aligned with the organisation's Total Rewards strategy. The role provides leadership and direction to the team responsible for the administration of medical, life, accident, wellness, retirement, gratuity, and statutory benefits, while overseeing vendor relationships, annual renewals, employee communications, and service delivery standards. Working closely with HR, Finance, Payroll, and external providers, the role monitors market developments, programme effectiveness, and cost trends to support continuous improvement and enhance the overall employee value proposition. Payroll Governance Leads the delivery and governance of payroll operations in India, ensuring accurate, timely, and compliant payroll processing through effective oversight of internal teams and third-party service providers. The role is responsible for establishing and maintaining robust payroll governance, controls, and operational standards, while partnering closely with Finance, HR, Tax, and external vendors to ensure compliance with applicable employment, tax, and statutory requirements. The role oversees payroll-related projects, process improvements, and vendor performance, while monitoring service delivery, regulatory developments, and operational risks to support a high-quality employee experience and the efficient operation of the organisation's Total Rewards framework. Financial Management Partner with Finance to ensure that the annu