People Manager - Reward & Benefits

Bank of London; City Of London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A dynamic banking institution in London is seeking a skilled People Manager - Reward & Benefits. In this role, you will manage reward strategies, provide expert advice on pay and benefits, and engage with stakeholders. The ideal candidate has extensive experience in reward and benefits, strong analytical skills, and project management capabilities, fostering a collaborative work environment.

Qualifications

• Extensive experience in reward and benefits roles.
• Strong knowledge of compensation strategy and relevant legislation.
• Proven capabilities in data analysis and presentation.

Responsibilities

• Manage and support reward-related projects.
• Provide expert advice on pay and benefits administration.
• Conduct research and data analysis for benchmarking insights.

Skills

Reward and benefits expertise

Analytical skills

Project management

Stakeholder engagement

Job description

Bank of London is seeking a talented and knowledgeable People Manager - Reward & Benefits to join our dynamic People Team. In this key role, you'll bring deep expertise in pay, benefits, and compensation legislation and best practice. You will work closely with our Head of People, collaborate across the wider People Team, and engage with stakeholders across the organisation to deliver impactful reward strategies.

Overview

Bank of London offers a safer business banking model by holding all deposits at the Bank of England, eliminating the risk of 'bank runs.' It provides services such as Deposit-as-a-Service (DaaS), Embedded Banking, real-time Clearing, Payments, and Settlement, as well as Commercial Banking tailored to businesses. Powered by proprietary technology, the bank collaborates with SAP Fioneer to deliver innovative solutions. With a focus on exceptional service and core values of compassion, ownership, and curiosity, the bank strives for excellence in all it does.

Key Responsibilities

• Provide expert advice and support the administration of all aspects of reward, including pay, benefits, incentive plans, bonuses, and share options
• Provide expert advice on all reward regulatory matters including the Remuneration Code and Capital Requirements Directive (CRD V)
• Provide support for the preparation and drafting of papers for the Board Remuneration Committee
• Support the Company Secretary with the Bank's Senior Manager and Certification Regime (SMCR) including Senior Manager Function (SMF) applications, as well as the appointment of Material Risk Takers (MRTs) and Certified Persons (CP), where appropriate
• Conduct research, data analysis, and present benchmarking insights on salary and benefits trend
• Monitor and evaluate existing policies and practices, recommending innovative improvements where appropriate
• Work collaboratively with colleagues in centres of expertise to design and implement effective business solutions
• Share knowledge proactively with People Team colleagues to support continuous team development
• Manage and support payroll administration processes as required
• Lead and contribute to reward-related projects using strong project management skills
• Build and maintain strong relationships with internal stakeholders
• Apply consultancy skills to deliver tailored reward solutions
• Effectively manage multiple complex priorities and issues simultaneously
• Leverage a broad understanding of reward practices, including salary review cycles, bonus and benefits design, and project delivery

What We're Looking For

• Extensive experience in reward and benefits, with a strong knowledge of relevant legislation, regulatory and industry practices
• Proven expertise in compensation strategy and implementation
• Strong analytical and data presentation skills
• A collaborative, solutions-focused mindset
• Experience in payroll and reward operations
• Excellent project management and stakeholder engagement capabilities
• A proactive and flexible approach to work

Location

• London (5 days per week in the office)
• Travel to other locations may be required on occasion.

Diversity

Bank of London is an equal opportunity employer committed to inclusion, diversity and belonging. All qualified applicants are welcome and will receive consideration for employment without regard to race, colour, age, religion or religious expression, sex, sexual orientation, gender or gender identity and expression, transgender, national origin, or military veteran status.