Overview
Payroll Manager (12m FTC) – Investment Banking
This position is based in London and reports to the Payroll & Compensation leadership. The role ensures the accurate and compliant delivery of monthly payroll and benefits across the UK and selected European offices.
Responsibilities
* Payroll Operations: Prepare and run end-to-end monthly payrolls for the UK and EMEA entities (UK, Frankfurt, Netherlands, Dubai) ensuring accuracy, approvals and on-time delivery.
* Maintain up-to-date employee data in the HRIS, processing starters, leavers, transfers, promotions and pay changes.
* Calculate and process adjustments (e.g., overtime, allowances, back-pay, bonuses, leaver payments and statutory payments).
* Perform post-payroll tasks: journals, reconciliations, variance analysis and cross-company recharges with clear audit trails.
* Resolve employee payroll queries promptly and professionally; identify root causes and prevent recurrences.
* Benefits Administration: Administer the full benefits portfolio (e.g., private medical, cash plan, life/illness cover, pension/retirement schemes, leave policies).
* Coordinate enrolments, changes and leavers; manage monthly provider interfaces and invoices.
* Lead cyclical activities such as annual renewals and any open-enrolment communications.
* Ensure eligible employees are auto-enrolled in pension schemes; reconcile contributions and manage scheme reporting.
* Compliance, Controls & Reporting: Yearly PSA HMRC submissions and equivalent filings for European jurisdictions.
* Uphold GDPR/data-protection standards and internal information-security policies; maintain secure, accurate records and document retention.
* Keep policies and procedures current with changing employment, payroll and benefits legislation; brief HR/Finance on impacts.
* Produce regular MI for HR and Finance (headcount, cost, benefits uptake, trend analysis) with commentary and recommendations.
* Act as day-to-day contact for payroll and benefits providers; manage SLAs, service issues and continuous improvement.
* Partner with HR, Finance and local office leaders to plan changes, support audits, budgets and year-end activities.
* Coordinate training and guidance for managers and employees on payroll/benefits processes and timelines.
Skills & Experience
* Significant experience (typically 5–15+ years) in payroll and benefits within a multi-entity or multi-country environment.
* Solid knowledge of UK payroll, taxation and pension auto-enrolment; exposure to at least one additional European jurisdiction is ideal.
* Strong Excel skills (lookups, pivot tables, reconciliations) and confident with enterprise HRIS/payroll platforms.
* High attention to detail, numerical accuracy and a continuous-improvement mindset.
* Excellent stakeholder skills with a responsive, service-oriented approach and the ability to handle confidential information.
* Clear written and verbal communication; able to explain complex matters simply and diplomatically.
* ADP experience mandatory, Workday experience beneficial.
Seniority level
* Mid-Senior level
Employment type
* Full-time
Job function
* Human Resources
Industries
* Investment Banking
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