Reward Manager
4 days ago
Permanent Reward Manager Job Opportunity
Salary Indicator: £85,000 + Bonus
Location: London (Hybrid Working, approx 2 days a week in the office)
Company Overview: We are recruiting for a dynamic and fast-growing financial services organisation who are dedicated to transforming financial services by prioritizing customer needs, agility, and digital innovation. The team is passionate about making banking simple, transparent, and accessible for everyone, and we’re committed to creating an environment where our employees feel valued, supported, and rewarded.
Role Overview:
The Reward Manager will design, implement, and manage our total rewards strategy, aligning our compensation and benefits framework to support our goals of attraction, retention, and motivation. In this role, you will collaborate closely with People, Finance, and senior leadership teams to ensure our reward programs reflect our company culture, are competitive, and meet regulatory requirements. This is a unique opportunity to shape the future of rewards in a forward-thinking, tech-driven banking environment.
Key Responsibilities:
Compensation Strategy & Management
- Develop and maintain a competitive compensation strategy, incorporating salary benchmarking, pay bands, and incentive structures.
- Lead the annual salary and bonus review process, ensuring equity, consistency, and alignment with the bank’s financial and strategic objectives.
- Provide insights and recommendations on compensation trends, market data, and regulatory changes.
Incentives & Recognition
- Design and implement reward and recognition programs that motivate employees, reinforce our values, and enhance our culture.
- Develop short- and long-term incentive plans (STI/LTI) aligned with the bank’s goals and performance metrics.
Performance & Rewards Alignment
- Work with People and Talent teams to ensure the reward framework aligns with performance management, growth, and career development.
- Support and train managers on reward and recognition best practices to maintain consistency and transparency across the organization.
Data Analysis & Reporting
- Analyze and interpret compensation and benefits data to identify trends, competitive insights, and opportunities for improvement.
- Provide regular reporting to senior leadership, highlighting key metrics and insights related to rewards, employee satisfaction, and market positioning.
Compliance & Risk Management
- Ensure compliance with local regulatory requirements (e.g., gender pay reporting, equal pay, data protection) and internal audit standards.
- Maintain up-to-date knowledge of relevant legislation, including remuneration guidelines specific to the financial services sector.
Stakeholder Collaboration
- Partner with the People, Finance, and Legal teams to ensure alignment of reward programs with broader business and financial objectives.
- Act as a trusted advisor to senior leaders, providing expertise on reward policies, programs, and best practices.
If interested, then please get in touch as soon as possible.
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