The Reward team is a newly established part of our People function which supports the Bank in ensuring that we can attract, motivate and retain our colleagues. As we embark on an ambitious people transformation agenda, this is a really exciting time to join the Bank to become an integral part of the design and implementation of a revised reward strategy.
The Reward team is responsible for setting our reward and benefits strategy and implementing frameworks that support and incentivise a culture of high-performance, our people transformation agenda and the ongoing retention of employees.
As the Reward Manager, you will act as a subject matter expert on all reward matters and work closely with the Reward Director and wider People function.
Working in partnership with the Reward Director in establishing a Reward and Benefits Strategy which helps to create a high-performance culture and meets the current and future needs of the business
Supporting the Reward Director on all Remuneration Committee matters including drafting papers along with statutory reporting
Providing support on financial services remuneration regulatory matters including assisting with maintaining the Group\\\'s list of Material Risk Takers (MRTs), updates to policies and any relevant required reporting
Working collaboratively with the Reward Director and People function on remuneration benchmarking, including completing relevant surveys with external providers
Partnering with the Company Secratariat in administering employee related share schemes, including drafting and reviewing share plan rules and overseeing grants, vestings, minimum holding requirements, exercising and lapsing of share-based incentives
Supporting on the design of the benefits approach and managing the administration and vendor management processes associated with all UK employee benefits and maintaining a proactive relationship with relevant external brokers and intermediaries
Working closely with the Reward Director to coordinate the annual Compensation Review process and annual Benefits Choices Windows ensuring that all actions are completed in a timely manner
Travelling between the Chatham, Wolverhampton and London sites as and when required
We offer a base salary dependent on experience between £75,000 - £80,000 and a competitive benefits package including:
~ Discretionary annual bonus opportunity of up to 15%
~28 days annual leave plus bank holidays
~ Contributory pension (8% employer 5% employee)
~ Life Assurance (4x salary) plus Group Income Protection
~ Access to Private Medical Insurance and Medical Cash Plan
~ Additional benefits such as Hybrid working, Cycle Purchase scheme, Technology Purchase scheme, Season Ticket Loan, Holiday purchase / sell schemes, Employee Perk Portals, Payroll giving and Save as you Earn scheme
Our Purpose is to help our customers, colleagues and communities prosper and we are on a transformation journey to become \\\'the bank of the future\\\'.
Our commitment to professional development, flexible working, and employee well-being fosters a dynamic and supportive workplace.
Previous work experience undertaking a specialist Reward or Compensation & Benefits role ideally within Financial Services inclusive of:
Managing or supporting on compensation related activities (for example, remuneration committee matters, annual compensation reviews, design of compensation schemes etc)
Completing effective job evaluations and providing salary benchmark data via a recognised external methodology
~ Shortlisted candidates will go through a personalised recruitment process, that is relevant and conversational - inclusive any individual reasonable support required. Diversity, Equity & Inclusion
We champion diversity at all levels, with Board-level Diversity Champions tracking our progress. We are proud to be signed up to the Women in Finance Charter to actively support the growth and development of senior women in our sector and are dedicated to treating all our employees and job applicants equally, opposed to discrimination on any grounds.