What are the responsibilities and job description for the SVP - Chief Human Resources Officer position at Dime Bank?
Company Description
Dime Bank is a community bank dedicated to serving Connecticut and Rhode Island, working locally to help improve the financial well-being of its neighbors. To ensure security, the bank advises against sharing personal banking information on social media and encourages direct contact for banking questions.
Role Description
This is a full-time ON-SITE role as SVP - Chief Human Resources Officer (CHRO), located in Norwich, CT. No opportunities for hybrid or remote for the role. Under the direction of the President/CEO, the Chief Human Resources Officer directs all human resources functions of the bank. Develops and implement strategies in support of the overall business plan and strategic direction of the bank, specifically in the areas of succession planning, talent management, change management, organizational and performance management, training and development, and compensation. Ensures payroll and benefit administration and related functions comply with state, federal and bank guidelines. As a senior officer and member of the Bank’s Management Committee, participates in general bank management activities. The successful candidate will be well versed in communications, budget development, recruitment and employee relations support.
- Establish and implement HR efforts that effectively communicate and support the Bank’s mission and strategic vision.
- Develop HR plans and strategies to support the achievement of the overall business operations objectives.
- Function as a strategic business advisor to the senior managers of each business area regarding key organizational and management issues.
- Work with the CEO and senior management team to establish a sound plan of management succession that corresponds to the strategy and objectives of the company.
- Develop comprehensive recruiting and retention plans to meet the human capital needs.
- Provide leadership by articulating HR needs, strategies, and progress reports to the senior management team and board of directors.
- Develop and implement comprehensive compensation, incentive and benefit plans that are competitive and cost-effective.
- Direct human resources functions of the bank including payroll, benefits, staffing, employee relations, compensation, compliance and other related human resource-related activities
- Ensure that all procedures comply with state and federal legislation and bank policies.
- Provide support to department managers and branches to enforce implementation and compliance with Human Resources policies and practices. Provide counsel and intervention to employees.
- Serve as plan administrator for all benefit plans. Supervise the processing of new and terminated employees. Ensure that bank plans are current, meet the needs and goals of the bank, are cost effective, and compliant. Provide support services to participating staff members. Monitor and make recommendations for renewals and alternative benefit programs.
- Responsible for budget development and variance reporting for salaries, benefits, and other HR-related expenses.
- Develop and maintain network of human resource and personnel contacts to generate ongoing information regarding staffing, benefits, policies, and related data, ensuring bank’s efforts to maintain employment standards.
Qualifications
- Human Resources (HR) and HR Policies expertise
- Experience in Employee Relations and Talent Management
- Proficiency in Performance Management
- Strong leadership and communication skills
- Ability to develop and implement HR strategies
- Experience in the banking or financial industry strongly recommended
- Budget development and management
- Effective time management and ability to meet assigned deadlines in a timely fashion with a high degree of accuracy
- Bachelor's degree in Human Resources, Business Administration, or related field
- On-site ONLY role in Norwich CT
