SWITZERLAND - The Bank for International Settlements (BIS), is looking for a new Compensation and Benefits Manager who will also have to "liaise with the Bank's actuaries for pension system evaluations and changes", according to the job description.

"This is not a new job but a job opening in the context of regular staff turnover," Lisa Weekes, spokeswoman for BIS, told IPE.

The main purposes of the job are given as "implementing and maintaining the Bank's Compensation and Benefits policies and instruments, and to oversee the proper administration of the Bank's payroll. To provide senior management with information regarding compensation, benefits and position plan developments."

However, the role also includes "liaising with the Bank's actuaries for pension system evaluations and changes" and "assisting the Head of HR in matters related to the activities of the Pension Fund Committee".

In late August, the Bank was looking for a new head of asset management who will - among other things - be responsible for the management of financial investments of the bank's SDR602.2m (€633m) pension fund.

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