Reward Consultant

Royal London; London; Hybrid; GBP 50,000 - 70,000; Full time

Job summary

A leading company in the UK is looking for a Reward Consultant to join their Reward and Performance team. This permanent role involves developing reward strategies across various aspects, providing expert advice, and contributing to reward initiatives implementation. Candidates should have a strong analytical background and be CIPD qualified, with excellent communication and consulting skills. Benefits include a supportive work environment and a comprehensive benefits package.

Benefits

28 days annual leave plus bank holidays

Up to 14% employer matching pension scheme

Private medical insurance

Qualifications

• Expert knowledge of Reward principles and market practices.
• Experience in managing development of Reward programmes.
• Regulatory knowledge of executive remuneration and deferred compensation.

Responsibilities

• Develop and manage reward strategies and processes.
• Provide expert advice on Reward and Performance to senior leaders.
• Conduct market benchmarking and collaborate on reward strategies.

Skills

Analytical skills

Communication

Consulting skills

Numeracy

Excel

Education

CIPD qualification

Graduate or equivalent

Tools

Success Factors

Job description

Job Title: Reward Consultant

Contract Type: Permanent

Location: London

Working style: Hybrid 50% home/office based

Closing date: 22nd June 2025

We are seeking a Reward Consultant to join the Royal London Reward and Performance team on a permanent basis in London.

Reporting to the Performance and Reward Director, you will play a key role in supporting the Group Reward strategy by developing and managing reward strategies and processes across Compensation, Benefits, Executive Remuneration, and regulatory requirements.

This role involves providing expert advice to senior leaders, People Partners and stakeholders on all aspects of Reward and Performance, including Asset Management remuneration and regulatory compliance and reporting.

You will contribute to the design and delivery of reward initiatives, offering analytical insight and ensuring effective implementation. Your responsibilities will include consideration of operational reward aspects relating to specialist areas of support.

About the role

• Acts as a subject matter expert on Reward (including benefits) and Performance, with broad People function knowledge.
• Provides consultancy and guidance on reward matters across designated business areas.
• Advises colleagues at all levels to enhance engagement and understanding of total reward offerings.
• Designs and delivers training on reward and performance processes to People Leaders and Senior Leaders in aligned business areas.
• Carry out market benchmarking, including supporting the role evaluation process and identification of appropriate market data.
• Collaborates on cost-effective reward strategies to attract, retain, and motivate talent.
• Demonstrates ownership of relevant reward processes to support initiatives and data-driven decisions.
• Works closely with the Systems & MI team to ensure robust data insights.
• Conducts market competitiveness analyses on reward and benefits.
• Works as part of the Reward team to lead key cyclical processes, including:
  • Annual pay and bonus reviews
  • Benefits renewals and flexible benefits window
  • Deferred remuneration management
  • Executive bonus buyouts and leaver terms
  • Annual role benchmarking
  • Inputs for DRR, policy disclosures, and regulatory submissions
  • Managing MRT identification and communications under regulatory regimes (e.g., SII, UCITS V, IFPR, AIFMD, MiFID II)

About you

• Expert knowledge of Reward principles and understanding of market practice.
• Previous experience working in a professional human resources environment and experience managing and contributing to the development of Reward programmes.
• Graduate or equivalent, preferably CIPD qualified or equivalent Reward Professional qualification.
• Regulatory knowledge and understanding of executive renumeration and deferred compensation having previously run annual reward cycles or deferred renumeration processes.
• Knowledge and experience within a Financial Services, Asset Management or regulatory environment.
• High level of analytical skills, numeracy and literacy.
• Ability to communicate complicated concepts in a concise way to a wide range of people.
• Engaging with high level of consulting skills.
• Ability to be able to separate the principle from the process.
• Advanced Excel skills.
• Knowledge of Success Factors is desireable.

About Royal London

We're the UK's largest mutual life, pensions and investment company, offering protection, long-term savings and asset management products and services.

Our People Promise to our colleagues is that we will all work somewhere inclusive, responsible, enjoyable and fulfilling. This is underpinned by our Spirit of Royal London values; Empowered, Trustworthy, Collaborate, Achieve.

We've always been proud to reward employees by offering great workplace benefits such as 28 days annual leave in addition to bank holidays, an up to 14% employer matching pension scheme and private medical insurance. You can see all our benefits here - Our Benefits

Inclusion, diversity and belonging

We're an Inclusive employer. We celebrate and value different backgrounds and cultures across Royal London. Our diverse people and perspectives give us a range of skills which are recognised and respected - whatever their background.