Retirement & Allowances Asia Pacific, Senior Vice President

Discover your future at Citi

Working at Citi is far more than just a job. A career with us means joining a team of more than 230,000 dedicated people from around the globe. At Citi, you’ll have the opportunity to grow your career, give back to your community and make a real impact.

Job Overview

At Citi, we get to connect millions of people across hundreds of cities and countries every day.  And we've been doing it for more than 200 years.  We do this through our unparalleled global network.  We provide a broad range of financial services and products to our clients – whether they be consumers, corporations, governments or institutions – to help them meet their biggest opportunities and face the world's toughest challenges.

Shape your Career with Citi

Citi’s Human Resources (HR) team helps Citi to attract, retain and develop our employees across the globe.  The team does this through supporting key areas including recruiting, diversity, global learning and talent development, benefits, compensation and employee relations.

We’re currently looking for a high caliber professional to join our team as Retirement and Allowances Asia Pacific, Senior Vice President.

The role will involve working closely with the HR Community, other pensions related functional teams, Americas’ counterparts in other Citigroup businesses, and outsourced vendors/administrators.  This role includes strategic management of certain geographic allowance offers in addition to retirement plans

Key Responsibilities:

• Management and oversight of the 53 retirement programs across 16 different countries that Citi sponsors in JANA and Asia South clusters

• Manage a team of Benefits professionals to accomplish established goals

• Ensure local country compliance with Citi’s Retirement Plan Guidelines, local laws and regulations, as well as Citi’s Benefits Guiding Principles and Philosophy

• Coordinate contributions into plans, potential settlement impacts, and US GAAP implications of various pension actions (e.g., accounting impact of de-risking activities)

• Review strategy of each plan in region and implement changes as needed

• Coordinate with local country business/management team to ensure proper administration of each retirement program

• To support the Director of Retirement & Allowances on various governance or strategic initiatives which may include certain allowances projects as well as regular retirement plans management.

• To act as a pensions subject matter expert and work with other specialist areas (eg HR, Risk, Compliance, Finance, Legal, Payroll, Information Technology) as appropriate to provide seamless support for plan impacting employees and members.

• To contribute to pensions projects as well as support the delivery of business-as-usual activities.

• Main Citi contact for various Trustee Boards, Committees/Councils

• Prepare materials, minutes and present papers/updates to East Retirement Council meetings and Retirement Plan Sponsor Council global meetings.

• Oversee team’s management of the third-party administrator and outsourced vendors, resolving issues and ensuring Service Level Agreement (SLAs) and Third-Party policy requirements are met. Further ensure relevant changes to schemes or potential developments which impact on administration are acted on appropriately.

• Escalate any issues to the Director of Retirement & Allowances as appropriate.

• Review escalated data, contribution and other administrative issues from team as appropriate.

• Review of communication materials, as appropriate

• Support and manage budgets and vendor invoices as appropriate

Knowledge/Experience:

• 10 + years of technical and/or strategic Pensions/Benefits Experience

• Expert understanding of Defined Benefit, Defined Contribution, Provident Fund, Superannuation Fund and Termination Indemnity plan structures

• Understand pensions fiduciary trustee role and difference with plan sponsor role

• Actuarial background a plus

• Broad understanding of HR practices in general and pension and benefits provisions in particular

• Strong people management skills with experience in leading diverse teams

• Experience dealing with corporate processes, payroll, budgets, and invoice management

• Experience dealing with a wide range of internal and external third parties.

• Experience presenting technical pensions information to non-technical audiences

• English language required

Working at Citi is far more than just a job. A career with us means joining a family of more than 230,000 dedicated people from around the globe. At Citi, you’ll have the opportunity to grow your career, give back to your community and make a real impact.

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Job Family Group:

Human Resources

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Job Family:

Compensation & Benefits

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Time Type:

Full time

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Most Relevant Skills

Please see the requirements listed above.

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Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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