Senior Reward Manager

Coventry Building Society; Coventry; Hybrid; GBP 90,000 - 120,000; Full time

Benefits offered by this job

28 days holiday + bank holidays

Annual discretionary bonus scheme

Personal pension with matched employer

Life assurance (6x salary)

Company car allowance (£5,500)

Private Medical Insurance

Job summary

Coventry Building Society is seeking a Senior Reward Manager to lead a four-person Reward team and act as the group SME on reward, benefits and remuneration governance. The role partners with senior leaders to translate complex concepts into practical solutions in a regulated financial services setting.

You will oversee pension governance, benefits management and supplier relationships, using data to inform decisions and improve the colleague experience in a hybrid office model in Coventry.

Qualifications

• Proven experience leading Reward activity within a regulated financial services environment.
• Experience preparing and presenting papers for Remuneration Committees and supporting senior executives on reward-related matters.
• Strong expertise across both compensation and benefits, including executive remuneration, market benchmarking, pay reviews and reward governance.
• Knowledge of reward benchmarking and job evaluation methodologies.
• Significant experience managing pensions governance and employee benefits programmes, working with trustees and governance committees.
• Previous people management experience and ability to develop high-performing teams.
• Excellent stakeholder management with credibility to influence senior leaders.
• Advanced Excel skills and experience producing high-quality reporting and MI.
• Familiarity with regulatory reporting requirements and executive incentive plans.
• Experience configuring or enhancing reward processes within HRIS (Workday).
• CIPD qualification and deep understanding of reward best practice.

Responsibilities

• Lead a team of Reward professionals and act as the Group's subject matter expert on reward, benefits and remuneration governance.
• Provide expert guidance to senior leaders on complex reward matters in a regulated financial services environment.
• Prepare Remuneration Committee papers and support annual executive remuneration activities.
• Drive design, delivery and continuous improvement of compensation, benefits and pension arrangements.
• Oversee governance, supplier oversight and regulatory reporting related to reward.

Skills

Reward leadership

Regulatory knowledge

Remuneration Committee prep

Compensation & Benefits

Executive remuneration

Market benchmarking

Pay reviews

Job evaluation methods

Pensions governance

Stakeholder management

People leadership

Excel reporting

Executive incentives

HRIS (Workday)

CIPD qualification

Education

CIPD qualification

Tools

Workday

Job description

About the roleReporting to the Head of Reward and People Services, the Senior Reward Manager will lead a team of four Reward professionals and act as the Group's subject matter expert across all aspects of reward, benefits and remuneration governance. This is a high-profile role with significant exposure to senior leadership, Executive Committee members and the Remuneration Committee, providing expert advice on complex reward matters within a highly regulated financial services environment.A key focus of the role is ensuring the Group's approach to reward remains compliant with PRA and FCA regulatory requirements. The role holder will lead the preparation of Remuneration Committee papers, support annual executive remuneration activities and provide expert guidance on reward governance, regulatory reporting and risk. Previous experience of operating within a regulated financial services environment and supporting Remuneration Committee activity will therefore be essential.The Senior Reward Manager will oversee the design, delivery and continuous improvement of the Group's compensation, benefits and pension arrangements, ensuring they remain competitive, cost-effective and aligned to business strategy. Pension governance, benefits management and supplier oversight will form a significant part of the role, alongside responsibility for managing key external relationships and supporting governance committees.In addition, the role holder will use reward systems, market data and analytics to generate insight, inform decision-making and drive improvements to the colleague experience. Significant stakeholder management will be required, with the successful candidate partnering with leaders across the Group to translate complex reward concepts into practical solutions.This is an exciting opportunity to join the organisation during a period of significant integration and transformation, helping to shape the future reward proposition, influence strategic decision-making and lead meaningful change across the business. We operate on a team led hybrid approach with at least 2-3 days a week in the Coventry office. Our benefits include:28 days holiday a year plus bank holidays and a holiday buy/sell schemeAnnual discretionary bonus schemePersonal pension with matched contributionsLife assurance (6 times annual salary)Company car allowance of £5,500Private Medical InsuranceFind out more about the fantastic benefits of joining Coventry Building Society here.We reserve the right to close this advert early if we receive a high volume of suitable applications.About youYou'll be an experienced Reward leader with strong technical expertise across both compensation and benefits, gained within a dual regulated financial services environment. You'll bring proven experience navigating PRA and FCA remuneration regulations, supporting Remuneration Committee activity and providing expert advice to senior leaders on complex reward matters. Pension governance and benefits management will be a significant part of your background, alongside a strong understanding of reward governance, market practice and executive remuneration.You'll be equally comfortable operating strategically and delivering operationally, using reward systems, data and insight to inform decision-making and drive continuous improvement. With exceptional analytical skills and meticulous attention to detail, you'll be confident interpreting complex information and translating it into clear, practical recommendations. You'll also be a credible stakeholder manager, able to build trusted relationships across all levels of the organisation, and an experienced people leader with a track record of developing high-performing teams.For this role you’ll need to have:Proven experience leading Reward activity within a regulated financial services environment, with strong knowledge of PRA and FCA remuneration regulations.Experience preparing and presenting papers for Remuneration Committees and supporting senior executives on reward-related matters.Strong expertise across both compensation and benefits, including executive remuneration, market benchmarking, pay reviews and reward governance.Knowledge of reward benchmarking and job evaluation methodologies such as Willis Towers Watson.Significant experience managing pensions governance and employee benefits programmes, working closely with trustees, suppliers and governance committees.Previous people management experience, with the ability to lead, develop and motivate a team of Reward professionals.Excellent stakeholder management skills, with the confidence and credibility to influence senior business leaders and executives.Strong analytical capability, with the ability to interpret complex data and provide meaningful reward insights and recommendations.Advanced Excel skills and experience producing high-quality reporting, analytics and management information.Knowledge of executive incentive plans, deferred remuneration arrangements and regulatory reporting requirements, including Material Risk Takers, Directors Remuneration Report, Equal Pay Audit, Pillar 3 and High Earners Reporting.Experience configuring, maintaining or enhancing reward processes within a HRIS, ideally Workday.CIPD qualification and a deep understanding of reward best practice.Experience in these areas would be helpful:Experience supporting organisational integration, transformation or large-scale change programmes.Experience managing supplier tender exercises and reviewing benefit arrangements to improve value, governance and colleague experience.About usIn 2025, Coventry Building Society purchased The Co-operative Bank. Bringing together our purpose-led building society with the UK’s original ethical bank was the start of an exciting journey.Trusted by over four million people, we’re a mutually owned business free from shareholders, and with our combined experience of almost 300 years, our ethics and dedication will continue to guide us. Together, we have shared values and an ethical approach towards our members, customers and colleagues.We’re officially recognised as a ‘Great Place to Work’ and our benefits go beyond basic pay, with a discretionary bonus scheme, a culture of reward and recognition and comprehensive support for wellbeing.We’re serious about equality, of race, age, faith, disability, and sexual orientation and we celebrate diversity. By working together, we know you’ll build more than just a career with us.Flexibility and why it mattersWe understand the need for flexibility, so wherever possible, we’ll consider alternative working patterns. Have a chat with us before you apply to see what the possibilities are for this role.Proud to be a Disability Confident Committed EmployerWe’re proud to offer an interview or assessment to every disabled applicant who meet the minimum criteria for our vacancies. As part of the application process, disabled applicants can opt in for the Disability Confident Interview Scheme. If there are ever occasions where it is not practicable to interview all candidates that meet the essential criteria, such as when we receive a high number of applications, we commit to interviewing disabled candidates who best meet the minimum essential and desirable criteria.LocationCoventry-Binley Business Park