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

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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 promotion #s
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
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