Reward Lead - Senior Manager - Financial Services - Permanent - London

Reward Lead – UK FSO Talent - Associate Director – Permanent – London

The successful candidate will travel to the London office on a weekly basis.

The Opportunity

Responsible for designing, developing, and implementing compensation programmes for the UK Financial Services firm as a subject matter expert. This role will also be required to partner with the Benefits team to share a holistic view of Total Reward. The role will focus on the strategic development of a firm-wide compensation element. There would also be compensation initiatives this role would be responsible for to support the annual pay review process.

Your Key Responsibilities

• Partners with Talent Director, UK FSO, CFO and People Partners to shape Reward Strategy
• Educates the relevant business stakeholders on the firm’s compensation strategy, how we manage pay and how pay links in with Total Reward
• Plays a key role in the management of the annual salary review process providing dedicated support for all Financial Services business areas
  • Works with Finance and Operations on fixed/variable pay budgets and promotions
  • Works with CFO/People Partners to allocate fixed pay budgets that reflect market and model/apply variable pay budgets that reflect firm and individual performance
  • Responsible for all REMCO sign offs for the UK FSO firm
  • Ensure that the FSO Salary review is delivered accurately on time and on budget
  • Works closely with the Performance Management team to ensure a seamless flow of information to feed into allocation decisions
• Acts as a subject matter expert for the team to ensure effective and accurate submission and interpretation of results from multiple compensation surveys
• Ensures consistency of reward approach between different business areas
• Maintains pay ranges based on external market data for specific business areas and ensures that these pay ranges and pay decisions are fair and equitable
• Liaises with external providers and reward contacts to provide input into best practice
• Ensures employees understand how reward decisions are made to increase trust
• Partners with senior stakeholders to ensure relevant bonus arrangements are impactful
• Ensures that reward programmes comply with global policy/local regulatory requirements
• Manages a Reward Manager and two Analysts 

Skills And Attributes For Success

• Responsible for managing all aspects of compensation for the UK Financial Services firm
• Responsible for strategically managing one of the following compensation activities; Fixed pay, variable pay or employee recognition.
• Engages with senior stakeholders across different business areas to drive the strategy for UK FSO, whilst identifying opportunities to drive consistency, improvement and best practice across the UK firm; maximising investment spend and delivery.
• Builds and maintains credible relationships with specific business areas and Talent/business stakeholders to deliver high standard compensation services
• Collaborates with colleagues to drive consistency and identify simplification opportunities
• Engages with senior leadership including relevant pay boards (UKI Pay Board/FS People Committee/ROI EQV) responding to complex requests 
• Partners with Benefits colleagues to help further develop our Total Reward proposition

What We Look For

• Strong business partnering skills - able to quickly build credible relationships
• Sound knowledge of reward - credible and proven track record of success
• Experience of developing and coaching a team
• Excellent communication and negotiation skills
• Experience with remuneration committees
• Highly numerate, data rational, analytical, detail conscious; able to take large data sets and tell a compelling commercial story 
• Excellent time-management and project management skills
• IT and HR Systems literate and able to work with ambiguity and change