Senior Reward Manager

Co-operative Bank plc; Coventry; Hybrid; GBP 60,000 - 82,000; Full time

Benefits offered by this job

Car allowance (£5,500)

Discretionary bonus

Private Medical Insurance

Life assurance

Job summary

Coventry Building Society is seeking a Senior Reward Manager to lead a Reward team and act as the Group's subject matter expert across compensation, benefits and remuneration governance. You will influence strategic decisions with senior leaders and support Remuneration Committee activities in a regulated environment.

The role focuses on governance, data-driven decision making, and continuous improvement of reward propositions, including pension governance and supplier oversight, with a hybrid

Qualifications

• You’ll lead reward governance and provide expert guidance on governance, reporting and risk.
• You’ll support executive remuneration activities and prepare Remuneration Committee papers.
• You’ll manage pension governance, benefits programmes and supplier relationships.

Responsibilities

• Lead a team of four Reward professionals and be the Group SME on reward.
• Advise senior leaders on complex reward matters and influence decisions.
• Prepare Remuneration Committee papers and support governance forums.
• Drive continuous improvement of compensation, benefits and pension offerings.

Skills

Reward governance

Executive reward

Stakeholder management

Advanced Excel

Data analytics

HRIS data

Education

CIPD qualification

Tools

Workday

Job description

Reporting 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 and influencing strategic decision-making across the Group.

A key focus of the role is ensuring the Group's approach to reward remains aligned to governance requirements and industry best practice. The role holder will lead the preparation of Remuneration Committee papers, support annual executive remuneration activities and provide expert guidance on reward governance, reporting and risk. Whilst experience of working within a regulated environment and supporting Remuneration Committee activity would be advantageous, we are also keen to hear from experienced reward professionals from other sectors who can demonstrate strong governance, executive reward and stakeholder management experience.

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 forums.

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 and influence outcomes at a senior level.

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 a team-led hybrid approach, with colleagues typically spending 2-3 days per week in our Coventry office.

Our benefits include:

• 28 days holiday a yearplus bank holidays and a holiday buy/sell scheme
• Annual discretionary bonus scheme
• Personal pension with matched contributions
• Life assurance (6 times annual salary)
• Company car allowance of £5,500
• Private Medical Insurance

Find out more about the fantastic benefits of joining Coventry Building Society here .

We reserve the right toclosethis advertearlyif we receive ahigh volumeof suitable applications.

About you

You’ll be an experienced Reward leader with strong technical expertise across compensation, benefits and reward governance, gained within a large and complex organisation. You’ll bring a track record of delivering reward strategies, supporting senior leaders on complex reward matters and balancing commercial, governance and colleague considerations to achieve positive business outcomes. Experience of working in a regulated environment and supporting Remuneration Committee activity would be advantageous but is not essential.

You’ll have strong expertise across reward programme design, executive reward, benefits and pensions, together with a sound understanding of governance and market practice. You will be comfortable working with data, systems and market insight to inform decision-making, drive continuous improvement and shape future reward propositions.

Equally capable of operating strategically and delivering operationally, you’ll combine strong analytical skills with excellent attention to detail and the ability to translate complex information into clear, practical recommendations. You’ll be a credible stakeholder manager, able to build trusted relationships at 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 large, complex organisation.
• Strong expertise across compensation and benefits, including pay review processes, reward governance, market benchmarking and job evaluation.
• Experience supporting senior leaders on reward-related matters and influencing decision-making through insight and data.
• Knowledge of reward benchmarking and job evaluation methodologies, such as Willis Towers Watson or similar frameworks.
• Significant experience managing pension governance and employee benefits programmes, working with trustees, suppliers and governance forums where applicable.
• 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.
• Experience configuring, maintaining or enhancing reward processes within an HRIS, ideally Workday.
• CIPD qualification (or equivalent professional experience) and a strong understanding of reward best practice.

Experience in these areas would be helpful:

• Experience working within a regulated environment, including financial services or other highly regulated sectors.
• Experience preparing papers for governance committees, boards or executive-level forums, including Remuneration Committees.
• Knowledge of remuneration regulation, executive incentive arrangements, deferred remuneration structures or regulatory reporting requirements.
• 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 us

In 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 matters

We 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 Employer

We’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.

£59,600 - £81,950 (Dependent on experience) plus £5,500 car allowance

£59,600 - £81,950 (Dependent on experience) plus £5,500 car allowance

£25,725 pro rata'd (includes a 5% shift allowance)

£25,725 (Inclusive of a 5% shift allowance)

Coventry-Binley Business Park, Manchester

Vacancy Type Employment Type:

Full Time

Advertising Salary: Salary Details:

Up to £98,000 per annum + Car Allowance + Excellent Benefits