Reward Manager

  • Location

    London, England

  • Sector:

    Banking

  • Job type:

    Permanent

  • Salary:

    £75000 - £90000 per annum + bonus. non-contributory pension

  • Contact:

    Nick Arnold

  • Job ref:

    PR/210225_1654536764

  • Published:

    24 days ago

  • Expiry date:

    2022-07-06

  • Startdate:

    2022-09-01

Frazer jones are working with a bank on a retained basis to secure a new Reward Manager to join their HR function. This is a highly established tier 3 bank that have been operating for over 300 years and prides itself on its family values and personalised approach. They are a private UK bank with a flat structure and circa 500 employees. They are a small independent bank that operate with speed and flexibility and offer attractive rewards to their employees.

For this job as Reward Manager, you'll report to the Head of Reward but lead on compensation and benefits matters for the bank. Supporting in the delivery of the reward and benefits package you'll act as a trusted advisor to the business on reward matters, contributing to the design and strategy, suggesting solutions and approaches whilst promoting best practice. There is currently a focus on enhancing their reward structure and applying suitable data governance. They're also redesigning their LTIP and bonus levelling which you'll be heavily involved in. Duties will include:

  • Managing the annual gender pay gap reporting process
  • Managing job evaluation and salary benchmarking processes
  • Managing the annual pay and compensation cycle for the bank
  • Contribute to the overall reward strategy, developing a delivering new incentives/LTIP
  • Job levelling
  • Working with compliance on regulatory governance and translating legislative/regulatory requirements into practice from a reward perspective
  • Providing strong analytical and reporting to present insights to the business
  • Business partnering with key stakeholders

To be considered for this role you must be an established Reward Manager with a strong background in compensation and benefits. Ideally you will have worked within a financial services business previously and understand the regulatory reward requirements that come with this such as SMCR, MRT and pillar 3 reporting. Benchmarking experience is essential plus experience of project management to implement new reward incentives such as LTIP. The role will require someone to work with a hands-on approach but also support at a strategic level. Effective communication and presentation skills are a must and the ability to work in a fast-paced HR environment.

The role will give you the opportunity to work for a highly established business with a rewarding, supportive and pleasant culture. You will receive a salary of circa £85k and a highly generous bonus. The business also offer a very generous non-contributory pension scheme and wider benefits package. Based in central London they are well connected to main travel links but also offer hybrid working and flexibility on hours.

If you're interested in this role, please apply or if you have any questions or would like a confidential conversation about your job search in Reward then please contact Nick Arnold at Frazer Jones on nickarnold@frazerjones.com.

The SR Group (UK) Limited is acting as an Employment Agency in relation to this vacancy.