About IRIS:
IRIS RegTech Solutions Limited (formerly IRIS Business Services Limited) is India’s only listed RegTech SaaS provider, pioneering technology-driven regulatory and supervisory compliance solutions worldwide. Headquartered in Mumbai with subsidiaries across the U.S., Singapore, Malaysia, and Italy, IRIS serves over 30 regulators and 6,500 enterprises in 55 countries. The company is an active member of XBRL jurisdictions, including XBRL International, XBRL India, XBRL Europe, XBRL South Africa, and XBRL US. Recognized globally for its award-winning SupTech, RegTech, and DataTech platforms - including IRIS iFile, IRIS iDEAL®, IRIS CARBON®, and IRIS MSME - IRIS helps banking and financial sector regulators digitize supervision and enterprises and achieve seamless financial and ESG reporting.
IRIS’ products are XII certified, ISO 27001:13 and SSAE 18 (SOC 1 Type 2) certified, ensuring industry leading security and reliability. Combined with deep expertise in XBRL, AI, and ML, IRIS delivers robust, high-quality regulatory data infrastructure that enhances transparency, strengthens governance, and supports sustainable growth across the financial ecosystem.
Department: Human Resources
Reports to: Talent Management Specialist
Location: Turbhe, Navi Mumbai
Employment Type: Full-time
Role Type: Individual Contributor (IC) — no direct reports
Role Overview:
We are looking for a Performance & Rewards Specialist to work as an individual contributor owning the end-to-end performance management cycle (approx. 70% of the role) and supporting compensation & rewards processes (approx. 30% of the role). This is a hands-on execution role rather than a people-management role — the candidate will drive processes directly, working closely with HRBPs, managers, and Finance, without managing a team. The ideal candidate has hands-on working experience with Keka HRMS and brings strong process discipline, data accuracy, and stakeholder management skills to drive a fair, transparent, and well-governed performance and rewards ecosystem.
Key Responsibilities:
Performance Management (≈70%)
- Own and administer the complete performance management lifecycle — goal-setting/OKR cascading, mid-year and annual reviews, self-appraisals, manager appraisals, calibration, and closure — end to end on Keka.
- Configure and manage performance review cycles, templates, rating scales, and workflows in Keka.
- Drive timely completion of goal-setting, check-ins, and appraisal cycles through tracking, reminders, and escalations to managers and employees.
- Support calibration sessions across business units — consolidating ratings, flagging outliers, and preparing calibration decks/data for leadership discussions.
- Partner with business unit HRBPs and managers to ensure quality of goal-setting (SMART goals/OKRs) and meaningful feedback documentation.
- Manage Performance Improvement Plans (PIPs) — tracking, documentation, and coordination with managers and HR business partners.
- Generate performance analytics and dashboards (bell curve distribution, rating trends, department-wise performance, low performer tracking) for leadership and EXCO reviews.
- Handle employee and manager queries related to the performance process; act as the go-to POC for the performance module in Keka.
- Contiuously improve the performance process — templates, communication, training material, and manager enablement (FAQs, how-to guides, calibration toolkits).
- Ensure performance data feeds accurately into downstream processes (increments, promotions, bonus payouts).
Compensation & Rewards (≈30%)
- Support the annual compensation review cycle — merit increases, promotions, and bonus/variable pay calculations, working closely with Finance and business leaders.
- Assist in preparing and maintaining salary benchmarking data, compensation structures, and pay bands.
- Coordinate the compensation planning tool/module in Keka — budget allocation, manager recommendations, approvals, and final letter generation.
- Support administration of rewards and recognition programs, including tracking nominations, budgets, and payouts.
- Assist in variable pay/bonus calculations based on performance ratings and business/individual metrics.
- Maintain compensation data integrity in Keka and ensure compliance with internal pay equity guidelines.
- Support ad hoc compensation analyses (pay equity checks, attrition-linked compensation trends, offer benchmarking) as required.
- Assist with statutory/compliance aspects related to compensation documentation.
Required Skills & Experience
- 4–7 years of total HR experience, with a significant focus on performance management (majority of experience) and exposure to compensation & benefits.
- Hands-on, working knowledge of Keka HRMS — specifically the Performance and Compensation/Payroll-linked modules — is mandatory.
- Strong understanding of performance management frameworks (goal-setting, OKRs, competency-based appraisals, bell curve/forced ranking, calibration).
- Working knowledge of compensation fundamentals — salary structuring, benchmarking, variable pay design, and increment/bonus cycles.
- Strong Excel/data analysis skills; comfort building dashboards and reports from HRIS data.
- Excellent stakeholder management — ability to work independently with managers, HRBPs, Finance, and leadership.
- High attention to detail and discretion in handling confidential compensation and performance data.
- Strong process orientation, ownership, and ability to manage multiple cycles/deadlines simultaneously, without relying on a team to execute.
Good to Have
- Prior experience in a listed/mid-size organization with multi-business-unit structure.
- Exposure to designing or refining performance policies, competency frameworks, or reward programs.
- Experience preparing leadership/EXCO-level dashboards and analytics.
Qualification
- Postgraduate in HR, Business Administration, or related field (MBA-HR preferred).
Awards won by IRIS:
Won recognition as Indias best Fintech at the Financial Express Best Banks Awards. an award that was presented to our CEO by Smt Nirmala Sitharaman, Finance Minister, Govt of India.
IRIS has been selected as the Best Tax Technology Service Provider 2022 in category National Taxation Awards at the prestigious TIOL Awards.
IRIS CARBON has won The Most Agile/Responsive SaaS Solution of the Year award at the 2022 SaaS Awards by Awarding and Consultancy International.
At IRIS CARBON, we are committed to creating a diverse and inclusive environment. We are an equal opportunity employer and welcome applicants from all backgrounds.