Senior Manager Total Rewards

VEON is a Nasdaq-listed global digital operator that serves more than 150 million customers with connectivity and about 120 million monthly active users with digital services in some of the world’s most exciting frontier markets. Operating across 5 countries that are home to nearly 520 million people, in other words more than 6% of the world’s population, VEON transforms lives through technology-driven services that empower individuals and drive economic growth.

With VEON’s Digital Operator 1440 vision and strategy, VEON Group companies redefine the engagement that telecom operators have with their customers, providing the best digital experience to customers up to 1440 minutes in a day. We transform not only the daily experience of the final users, but also support the growth of enterprises and industries as a whole, using cutting-edge technologies in AI, big-data and cloud services to serve our business customers.

This is all underpinned by a commitment to sustainability, ensuring VEON’s operations are run safely and ethically while fostering digital entrepreneurship and greater digital skills and literacy in the communities in which VEON operates. VEON’s values-based approach works to strengthen trust by building a responsible and sustainable business that benefits customers, employees, communities, and shareholders.

VEON’s international leadership team is drawn from experienced executives from around the world and has been led by CEO Kaan Terzioğlu since July 2021.

Position Summary

• The Senior Manager Total Rewards will play a key role in shaping and managing the organization’s global compensation and benefits programs. This role is responsible for developing and executing rewards strategies that attract, retain, and engage top talent. The Senior Manager of Rewards will ensure alignment with business objectives while maintaining compliance with global regulations and best practices.
• The Senior Manager will collaborate closely with People Business Partners, Finance, and senior leadership to design and implement compensation structures, incentive plans, and benefits programs that support the company’s growth and workforce needs.
  
  

Key Responsibilities

• Develop, implement, and manage global compensation and benefits strategies, ensuring internal equity and external competitiveness.
• Oversee salary benchmarking, job evaluations, and the design of base and variable pay structures, ensuring alignment with market trends and business goals.
• Lead the annual compensation review cycle, including salary adjustments, bonus calculations, and incentive programs.
• Design and manage executive compensation programs, including base salary structures, short-term incentives, and long-term equity-based incentives (stock options, LTIPs, RSUs, and deferred compensation plans).
• Develop communication strategies to enhance executive understanding of compensation structures and equity- based incentives.
• Analyze and report on compensation and benefits data, ensuring accurate forecasting and financial modeling.
• Partner with key stakeholders to provide insights and recommendations on pay structures, incentive programs, and benefits offerings.
• Ensure compliance with local, regional, and international compensation and benefits regulations.
• Support People Business Partners with performance management and pay-for-performance strategies.
• Develop and implement benefits programs that enhance employee engagement and well-being.
• Prepare and present updates and proposals to senior leadership, including the Remuneration Committee.
• Drive continuous
  
  

Education & Experience

• Bachelor’s degree in Human Resources, Finance, Business Administration, or related field.
• Minimum 10+ years of experience in HR and/or Finance, with at least 6–7 years specializing in Rewards (compensation & benefits).
• Strong experience in compensation benchmarking, job evaluation methodologies, and benefits administration.
• Established experience with startup compensation structures, including the design and implementation of phantom equity and value growth plans.
• Highly analytical with advanced Excel skills (complex formulas, pivot tables, and financial modeling).
• Strong proficiency in PowerPoint for effectively analyzing data, creating compelling presentations, and communicating insights in a clear and impactful manner.
• Experience in leading compensation projects and collaborating with cross-functional teams.
• Strong communication, stakeholder management, and project management skills.
• Previous experience working in a global listed organization, with a strong understanding of international compensation structures.
• Fluency in one or more Central Asian regional languages (e.g., Ukrainian/Kazakh/Russian) is a strong plus.
• Excellent English writing and communication skills.
  
  

VEON Values

Customer Obsessed

• We have a passion for our customers – they are at the heart of everything we do.
• We are able to make difficult decisions when we know it’s in our customers’ best interests. We keep an eye on our competitors but it’s our customers who are always front of mind.
• We are driven by our customer insight – all our digital innovations are borne out of customer need.
  
  

Entrepreneurial

• We have an ownership mentality, demonstrating passion and taking responsibility of the business as if it were our own.
• We’re agile and dynamic. We like to push boundaries and explore what’s possible – we are not held back by a fear of failure.
• We take smart risks, but only when it’s in our customers’ best interests.
• We lead by example – we do what we say we’re going to do.
  
  

Innovative

• We never stop. We’re always moving, looking for the next disruptive digital ideas. We’re adventurous and excited
• about trying something new.
• We’re quick to bring new digital products and services to market, always driven by a clear customer need. We don’t follow the status quo, we are passionate about creating our own path.
  
  

Collaborative

• We bring people together, united by our passion for our customers.
• We work with – not against – each other and we cherish the time of others.
• We don’t look to blame, we look for solutions to problems.
• We partner with others – both internally and externally - in order to achieve more.
  
  

Truthful

• We are open, honest and demonstrate integrity in all our dealings – both internally and externally.
• We’re trustworthy, keeping our promises, admitting our mistakes – whether it’s to customers, peers, leadership
• or shareholders.
• We are focused on upholding the highest level of ethics at all times. We set clear expectations and clearly communicate feedback.
  
  

More About Us

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Do you want to be part of a team that serves over 150 million customers across 5 dynamic markets? Do you want to pioneer new experiences for hundreds of millions in emerging economies? Do you feel at home working in a truly diverse and inclusive environment? We are VEON, a global digital operator and we scale new heights never thought possible.

Our DE&I Vision Is

Creating an Inclusive World for All – Inside and Beyond VEON

We aspire to create an Inclusive world for all by providing Equal voice and representation, driving growth with diverse and inclusive teams, that create products that serve Diverse needs of our customers across all dimensions of life from connectivity to digital financial inclusion, education, health and entertainment, and creating value for our people, our partners, and communities.

We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.

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