Reward Management Specialist

5 days ago

London, Greater London, United Kingdom JSS Search Full time

Job Title: Reward Management Specialist

Company Overview:

We are a dynamic financial services organisation dedicated to transforming the banking industry by prioritising customer needs, agility, and digital innovation. Our team is passionate about making banking simple, transparent, and accessible for everyone.

The Reward Management Specialist will design, implement, and manage our total rewards strategy, aligning our compensation and benefits framework with 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.

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 organisation.
  • Data Analysis & Reporting:
    • Analyse 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.

Salary: £85,000 + Bonus. The location of the job is London, with hybrid working arrangements, approximately 2 days a week in the office.

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