Senior Reward Manager

Hybrid working - 1 or 2 days per week in the London office required.

Our client, a leading Professional Services partnership are currently seeking a Senior Reward Manager for their UK Financial Services firm to be responsible for designing, developing, and implementing compensation programmes. 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

o Works with Finance and Operations on fixed/variable pay budgets and promotions

o 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

o Responsible for all REMCO sign offs for the UK FSO firm

o Ensure that the FSO Salary review is delivered accurately on time and on budget

o 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

· 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