Director / Associate Director, Group Rewards

About Us Headquartered and listed in Singapore in 2021, CapitaLand Investment Limited (CLI) is a leading global real asset manager with a strong Asia foothold. As at 5 November 2025, CLI had S$120 billion of funds under management. CLI holds stakes in eight listed real estate investment trusts and a suite of private real asset vehicles that invest in demographics, disruption and digitalisation-theme strategies. Its diversified real asset classes include retail, office, lodging, industrial, logistics, business parks, wellness, self-storage, data centres and private credit. Job Description Reporting to the Head, Group Rewards, the incumbent will be a key member of the Group Rewards team, with primary responsibility for Group performance management and asset-management compensation, with particular emphasis on private-markets businesses. The role will focus on: • Developing, implementing and operating a Group performance-management framework that enables a diverse portfolio of businesses to be assessed against a consistent performance standard, supported by modular criteria that reflect the objectives and characteristics of each business; and • Designing, implementing and managing compensation and incentive programmes that attract, retain and motivate employees, while aligning employee outcomes with business performance, the Group’s strategic objectives and relevant market practices. Performance Management • Develop, implement and operate the organisation-wide performance-management policy, framework and processes to support objective performance assessment and effective pay-for-performance differentiation. • Establish a consistent Group performance standard while developing modular performance criteria that appropriately reflect the objectives, operating models and performance drivers of the Group’s different businesses. • Review and enhance performance-management policies, processes, rating methodologies and governance to ensure that they remain robust, objective and consistently applied. • Partner with senior management, HR business partners and business leaders to translate business objectives into relevant performance measures and assessment criteria. • Support performance calibration and moderation processes, including the development of management analytics, decision materials and recommendations. • Analyse performance outcomes across businesses, functions, employee segments and geographies to identify inconsistencies, risks and opportunities for improvement. Asset-Management Compensation and Incentives • Develop and implement compensation strategies covering base pay, annual incentives, long-term incentives, equity-based awards and other financial rewards. • Conduct market analysis and compensation benchmarking using appropriate asset-management, private-markets, financial-services and corporate comparators. • Advise senior management and HR business partners on compensation structures, market positioning, retention arrangements and incentive-plan design. • Develop and refine carried-interest and employee co-investment programmes across different fund strategies, including real estate, credit, open-end funds and other private-markets strategies. • Develop, implement and review policies relating to carried interest, employee co-investment and other asset-management incentive arrangements. • Support the development and review of capital-raising incentives and other business-specific incentive programmes, ensuring alignment between individual contribution, commercial outcomes and the economics of the underlying business. • Undertake financial modelling and analysis to assess programme costs, potential employee outcomes, affordability, dilution, vesting and alignment with fund and Group performance. • Partner with Legal, Finance, Tax and relevant business teams to structure incentive programmes and related documentation in compliance with applicable legal, tax, accounting and regulatory requirements. • Coordinate with external advisers, service providers and system vendors on programme implementation, administration, system enhancements and the maintenance of accurate participant records. • Develop employee communications, programme materials and briefing presentations for fund teams, senior management and other stakeholders. Broader Group Rewards and Transaction Support • Support the annual compensation cycle, including salary review, bonus-pool analysis, incentive allocation, retention assessment and management reporting. • Ensure compensation and incentive programmes within the role’s remit comply with applicable statutory, regulatory and governance requirements. • Support the review of benefits and non-monetary reward programmes where required, including relevant market benchmarking. • Participate in compensation and benefits due diligence for mergers, acquisitions, joint ventures and other corporate transactions. • Assess the target company’s reward programmes, employee liabilities, retention risks and potential integration implications. • Support the transition and integration of employees into the Group’s performance, compensation and benefits programmes, ensuring clear communication and minimal disruption. Requirements: • Bachelor’s degree in Human Resources, Business Administration, Finance, Economics or a related discipline. • At least 7 years of relevant experience in compensation and benefits, performance management, executive rewards or a related field, including at least three to five years of experience in asset management, private markets or the broader financial-services sector. • Strong understanding of the asset-management industry, preferably with experience in alternatives, private markets or private equity. • Sound knowledge of asset-management compensation and incentive arrangements, particularly carried interest, employee co-investment, capital-raising incentives, deferred compensation and long-term incentive programmes. • Releva…