Sydney, New South Wales, Australia · Hybrid
Job TitleSenior Manager, Reward & Performance Job Description About Rabobank At Rabobank we are committed to growing a better world together. We aim to be a responsible bank, championing issues that have a major impact o…
Skills: Reward Strategy, Performance Management, Remuneration Benchmarking, Pay Equity Review, Regulatory Compliance
Sydney, New South Wales, Australia · Hybrid
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Sydney, New South Wales, Australia · On-site
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Lead the reward and performance frameworks across Australia and New Zealand, ensuring alignment with regulatory requirements and enterprise priorities. Act as a trusted advisor to the Executive Team while overseeing annual compensation reviews and the GROW performance cycle.
Requires over 10 years of senior reward experience within the banking and financial services industry. Must possess tertiary qualifications and deep knowledge of ANZ employment, tax, and APRA/RBNZ regulations.
At Rabobank we are committed to growing a better world together. We aim to be a responsible bank, championing issues that have a major impact on society, the environment, and on our clients.
The Senior Manager, Reward & Performance is a senior specialist role responsible for shaping and governing reward and performance frameworks across Rabobank Australia & New Zealand. Acting as a trusted advisor to the Executive Team, HR Leadership Team and senior leadership, this role ensures remuneration and performance practices are commercially effective, compliant with regulatory requirements, and aligned to enterprise priorities. The position leads key reward governance initiatives and annual cycles, including compensation review and the performance management process, while also providing leadership through strategic project delivery, capability uplift, and mentorship across Reward, Recognition, and the broader HR function.
Lead reward strategy, frameworks, and annual processes across Australia and New Zealand, ensuring alignment with policy and regulation.
Deliver executive insights, market analysis, and pay equity reviews to support fair, competitive remuneration decisions.
Oversee reward governance, including CPS 511 compliance, remuneration disclosures, and risk controls.
Lead the GROW performance management cycle, driving consistency, capability, and continuous improvement.
Prepare Board and Board People and Remuneration Committee papers and support governance activities.
Deliver strategic reward and HR projects aligned to business priorities.
Provide expert guidance on reward, benefits, mobility, and recognition to leaders and employees.
Act as delegate for the Head of Reward & Recognition, supporting leadership, risk, and team capability uplift.
Uphold strong conduct, governance, and values-based decision-making.
Tertiary qualifications in HR, Business, or a related field (Six Sigma certification desirable).
Extensive experience as a senior reward professional (10+ years), including within the Banking & Financial Services industry and other complex, highly regulated environments.
Proven expertise in reward frameworks, remuneration cycles, benchmarking, job evaluation (e.g. Hay methodology), and pay equity.
Strong background in reward governance, including regulatory compliance, disclosures, and Executive and Board-level reporting.
Demonstrated success delivering complex projects and operating in global, matrixed organisations.
Deep knowledge of ANZ employment, tax, superannuation, and financial services regulations (APRA/RBNZ), with broader exposure to benefits and mobility.
Highly credible advisor with strong stakeholder influence, commercial acumen, and sound judgement.
Advanced analytical and communication skills, with the ability to translate complexity into clear, executive-ready insights.
Advanced Excel skills.
Experience coaching and developing HR or Reward professionals advantageous.
What we're proud to offer you:
Rabo@Anywhere is our hybrid way of working at Rabobank and for Australia, that means we have a blend of time working between the office and home.
A competitive remuneration package will be offered for the successful candidate.
Wellbeing leave. These leave days support greater work/life balance and is just another way we are helping our employees to lead happier, healthier, and more fulfilling lives.
Education Assistance Program. Rabobank values the development of its people and has a great Education Assistance Program to assist with professional development.
Parental Leave that supports you and your family while giving you the freedom and flexibility to enjoy this special time (up to 14-weeks paid leave).
Bonus and Additional Leave. We realise sometimes four weeks Annual Leave isn't enough! At Rabobank we provide an incentive for eligible employees to receive one extra week Annual Leave and an option to purchase another two weeks Annual Leave.
Extra Insurance. Rabobank recognises that employees need to protect their financial wellbeing, in the event of serious illness, injury, or even death. Rabobank provides eligible permanent employees with employer-funded Death, TPD and Income Protection Insurance.
Rabo Workplace Giving program. As part of Rabobank's global Corporate Social Responsibility, Workplace Giving aims to encourage employees to contribute to our community. Rabo Workplace Giving program matches employee donations to selected Social Partners.
Our Values. Rabobank Australia values inclusion, belonging, and positive experiences for all. Our work environment, our benefits, and the way we live our values, “Client Driven”, “Responsible”, “Professional” and “Cooperative” make it a great place to work. We welcome applicants from diverse backgrounds.
Please let our Talent Acquisition team know if you need any accommodations to make our opportunities more accessible to you.
Rabobank is not accepting submissions from recruitment agencies for this role.
Applicants must hold valid work rights for this role.
Rabobank is a cooperative bank with a mission. Our goal: to help customers realize their ambitions. We serve about 10 million customers in 47 countries. As an international financial institution, we work on the well-being and prosperity of millions of people. In the Netherlands, we serve individual and business customers. Globally, we focus on the food and agriculture sectors. For big or small challenges, in every area, people join forces in search of solutions. Rabobank has been doing this for 125 years, and we will continue to grow a better world together. As an employer, we support the growth of colleagues every day. At Rabobank, you can work on your own development & shape the world around you. This is reflected in your own development budget, our hybrid work environment, and a good balance between your work and home life. You can work on banking matters for our individual and business customers, as well as on societal issues such as food and energy transitions.
Offices: Croeselaan 18, Utrecht, Utrecht 3521CB, NL · Solmsstraße 83, Frankfurt, Hesse 60486, DE · Avenida das Nações Unidas 12955, Sao Paulo, 04578-000, BR · Queenhithe 1, London, England EC4V 3RL, GB · 28 Beach Road, Singapore, SG
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