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Head of Reward and Benefits

2 months ago


London, Greater London, United Kingdom Financial Ombudsman Services Full time
Job Summary

We are seeking a highly skilled and experienced Head of Reward to join our team at the Financial Ombudsman Service. As a key member of our HR senior leadership team, you will be responsible for shaping and delivering our total reward framework, ensuring it aligns with our people strategy and provides a competitive employee offer.

Key Responsibilities
  • Develop and implement a comprehensive reward strategy that drives business outcomes and enhances employee engagement.
  • Lead the design and delivery of our total reward framework, including pay, benefits, and recognition programs.
  • Collaborate with stakeholders across the organization to ensure alignment and effective communication of reward-related initiatives.
  • Provide expert advice and guidance on reward-related matters, including pay and benefits, to senior leaders and the executive team.
  • Manage the payroll function, ensuring accuracy, efficiency, and compliance with regulatory requirements.
  • Embed our new reward strategy and progression framework, providing insight and guidance to managers on how to utilize the flexibility and recognize employee contributions.
  • Develop and implement a flexible benefits offering that celebrates diversity and recognizes individual needs.
  • Oversee the annual reward cycle, including pay review, executive pay review, and benefits review.
  • Continuously review and refine our reward strategy to ensure it remains competitive and aligned with our strategic objectives.
  • Build and maintain effective relationships with stakeholders, including the finance and communications teams, to deliver successful reward-related initiatives.
  • Manage the end-to-end process of delivering Board-level papers on reward-related matters, ensuring informed decision-making.
  • Develop the capability and continuous improvement of the reward and payroll teams.
Requirements
  • Proven experience in a Head of Reward (or equivalent) level position, with a track record of implementing and managing reward frameworks.
  • Strong understanding of HR systems and platforms, with experience in leveraging them to transform the employee experience and improve processes and governance.
  • Demonstrated leadership experience, with the ability to inspire and motivate teams.
  • Excellent written and verbal communication skills, with the ability to present complex information in a clear and concise manner.
  • Ability to recognize key dependencies and interdependencies across HR and other key stakeholders, with a strong focus on collaboration and partnership.
What We Offer
  • A competitive salary and flexible benefits package, including 25 days' holiday entitlement, generous pension, and a range of employer-provided benefits.
  • Opportunities for personal and career development, with a focus on continuous learning and growth.
  • A dynamic and inclusive work environment, with a strong commitment to diversity and inclusion.
  • A beautiful and bright London office, with a fully equipped gym and extensive well-being resources.