Job Ref: 215567103

Date: 2022-01-14 12:02:21

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Purpose of job:

To devise and deliver the reward strategy including all basic and variable pay and benefits.To lead on the wellbeing strategy for the Company

Job Profile:

* Devise and own the remuneration strategy which will be aligned to the business plan objectives and corporate values.

* Manage external market comparisons including selection of appropriate compensation surveys for all roles, designing and commissioning bespoke surveys where required.

* Ensure the company maintains accreditation as required by regulation, legislation and business strategy including compliance with FCA/PRA direction, Equal Pay requirements and Living Wage.

* Ensure reward processes support the diversity and inclusion agenda, including conducting annual Equal Pay audits and preparation of mandatory reporting data, making recommendations to mitigate risk to the business.

* Manage and oversee the pay negotiation process, recommending increases based on budget, internal and external indicators and engaging key stakeholders including Chief Executive, ED’s and Chairman of the SA.

* Support Head of HR with Remuneration Committee meetings by advising on agenda items, writing reports and providing accurate information, deputising where required.

* Conduct Job Evaluations for new and existing roles, establishing grade & pay that support the attraction and retention of talent as well as consistency across the company.

* Act as an internal advisor on all projects/initiatives with a reward impact.

* Develop and maintain a successful working relationship with the Staff Association, ensuring formal consultation and negotiation processes are followed correctly.

* Share best practice and business intelligence with the wider HR team.

Experience Required

* Prior experience in a senior reward role, in a regulated environment, ideally Finance.

* Experience within an FS environment (Cat2/3 perscribed measures)

* Strong technical knowledge of employment law and HR practices

* Driven by the need to create and maintain a successful business

* Ability to drive change with effective project and stakeholder management skills

* High level of tenacity/resilience

* Strong influencing skills and able to challenge with confidence at all levels

* Presents confidently and generates confidence in others based on the application of their professional expertise

* CIPD qualified or equivalent experience

* Advanced MS Office knowledge required

* Highly numerate with attention to detail

* Knowledge of and experience in writing REMCO papers

* Familiarity of Digital platforms for Engagement with the busienss

* EVP experience to deliver to stakeholders effectively

Qualifications

Essential

* CIPD qualified (or equivalent)

Desirable

* Job evaluation trained (Willis Towers Watson)

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