Group Head of Reward

2 months ago


UK, UK, United Kingdom BMS Group Full time

Summary of Position:


As the Global Head of Reward, you will play a crucial role in managing and leading all rewards and benefits within BMS.


You will be responsible for designing and implementing the global reward programme, with a specific focus on executive reward (including management incentive plans and any future such programmes).


As part of the People Leadership Team, this integral role will work across global offices to transform the position that Reward has within the business by influencing and closely partnering with Executives, HR, Legal and Finance colleagues.


Key Responsibilities & Accountabilities:



  • Working with senior Executives and HR colleagues on the design, evolution and strategic direction of the Companies reward practices, including making recommendations on pay philosophy, bonus frameworks, grading and benefits.
  • Management, production and presentation of reward papers to the Remuneration Committee and Board.
  • Acting as the internal expert on relevant remuneration trends, by maintaining and developing external contact and industry group participation to remain up to date.
  • Managing and overseeing the provision of compensation benchmarking and analytics to HR and the business.
  • Partner with Talent Acquisition, HR colleagues and executives on remuneration proposals for senior executive hires.
  • Managing BMS compliance with regulatory remuneration requirements.
  • Consider tax risks and implications as appropriate across jurisdictions.
  • Delivering, coordinating, and continuously improving the Annual Compensation Review for BMS, working with executives and board members where applicable.
  • Management of key processes and analytics, determination and distribution of statements, benchmarking analysis, and reviews of compensation across countries.
  • Ensure significant support to our Executive team during and outside the annual compensation process, especially regarding M&A transactions.
  • Accountable for gender pay gap and other diversity remuneration reporting as required, ensuring a close coordination with key business stakeholders, both internal and external.
  • Design effective employee communications on compensation and benefits to promote the total reward proposition to our population.
  • Support the delivery of ad hoc compensation arrangements and new hire packages as appropriate, working closely with HR and the business.


Functional & Behavioural Competencies required:


  • Evidence of being a career Reward and Compensation leader with experience of managing reward strategy and operations, and proficiency in compensation and benefits frameworks, reporting tools and survey participation.
  • Excellent exposure of executive global remuneration design.
  • Working knowledge of delivering compliant reward in various jurisdictions globally.
  • In-depth knowledge of global compensation principles, methodologies, and best practice with an end-customer design thinking overlay
  • Benchmarking experience in financial services.
  • Financial services experience and regulatory environment experience.
  • Excellent IT skills; advanced Excel skills essential and competent in the use of information systems.
  • Proven track record of meeting deadlines through effective planning, ability to prioritise strategically and contribute to an excellent employee experience.
  • Well-developed diplomacy, listening and influencing skills. Excellent communication (written/verbal), collaboration and interpersonal skills to be able to engage with senior stakeholders.


Key competencies:

  • Creative, commercial and able to think laterally in identifying and developing opportunities.
  • In this role, you will need to have the ability to work with minimum supervision, in an autonomous and independent way.
  • Able to drive results through well-developed discretion, diplomacy, listening and influencing skills.
  • Evidence of ability to build internal relationships at the highest level to implement strategic change.
  • Numerically agile and able to understand and interpret people data to influence decisions.


Personally demonstrate the five BMS values and ensure that team members are aligned with these:

  • Accountable
  • Entrepreneurial
  • Collaborative
  • Empowering
  • Disciplined


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