People Manager - Reward & Benefits

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

Job summary

A financial institution in London is seeking a knowledgeable People Manager - Reward & Benefits to design and implement reward strategies. You will work closely with the Head of People and engage stakeholders to provide expert advice on compensation and benefits. Ideal candidates will have extensive experience in reward practices, strong analytical skills, and the ability to manage multiple priorities efficiently. This role requires being in the office five days a week.

Qualifications

• Extensive experience in reward and benefits.
• Strong knowledge of relevant legislation and regulatory practices.
• Experience in payroll and reward operations.

Responsibilities

• Provide expert advice on reward, pay, and benefits.
• Support drafting papers for the Board Remuneration Committee.
• Conduct research and data analysis on salary and benefits trends.
• Lead reward-related projects and manage payroll administration.

Skills

Expertise in compensation strategy

Strong analytical skills

Project management skills

Stakeholder engagement capabilities

Collaboration skills

Job description

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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.

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.

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.