Head of Reward

Our client, an award winning and industry leading financial services company based in Milton Keynes, is currently recruiting for an experienced Head of Reward to join their HR department on a permanent basis.

This is a fantastic opportunity to join an organisation who in addition to providing an attractive annual salary (cGBP80,000pa) offer many additional benefits including flexible and hybrid working – 2/3 days WFH p/wk, enhanced pension (up to 10.5%), 27 days annual leave + bank holidays, annual bonus (up to 15%), company car or cash allowance (GBP6,600pa), life assurance x4 salary, private healthcare and much more.

In summary the role will involve devising and delivering the reward strategy including all basic and variable pay and benefits. To lead on the wellbeing strategy for the Company.

Duties will include (but not limited to):

• Devise and own the remuneration strategy which will be aligned to the business plan objectives and corporate values
• Devise and own the wellbeing strategy for the Company
• Manage external market comparisons including selection of appropriate compensation surveys for all roles, designing and commissioning bespoke surveys where required
• Ensure Company maintains accreditations as required by regulation, legislation and business strategy including compliance with FCA/PRA direction, Equal Pay requirements and Living Wage
• Ensure reward processes support the diversity and inclusion agenda, including conducting annual Equal Pay audits and preparation of mandatory reporting data, making recommendations to mitigate risk to the business.
• Manage and oversee the pay negotiation process, recommending increases based on budget, internal and external indicators and engaging key stakeholders including Chief Executive, ED's and Chairman of the SA
• Support Head of HR with Remuneration Committee meetings by advising on agenda items, writing reports and providing accurate information, deputising where required
• Conduct Job Evaluations for new and existing roles, establishing grade & pay that support the attraction and retention of talent as well as consistency across the Company
• Act as an internal advisor on all projects/initiatives with a reward impact
• Develop and maintain a successful working relationship with the Staff Association, ensuring formal consultation and negotiation processes are followed correctly
• Share best practice and business intelligence with the wider HR team
• Design and embed the business vision of Wellbeing including new concepts, practices, and approaches
• Work as integral part of Reward team to ensure that Wellbeing activities are impactful, well communicated and embedded within our total reward model
• Responsible for the continued monitoring of external trends in wellbeing and employee benefits, ensuring Company offers a competitive package
• Manage the annual benefits budget
• Promote and communicate employee benefits across the business, co–ordinating and marketing benefits events and attending team meetings where required
• Chair the Pension Management Committee, managing the DC pension plan ensuring the scheme maintains Pension Quality Mark plus

About you:

• Hands on with prior experience in a senior reward role, ideally in a regulated environment
• Expertise managing RemCo agenda
• Strong technical knowledge of employment law and HR practices
• Ability to drive change with effective project and stakeholder management skills
• Organised, able to judge and prioritise effectively
• Strong influencing skills and able to challenge with confidence at all levels
• Presents confidently and generates confidence in others based on the application of their professional expertise
• CIPD qualified or equivalent experience
• Advanced MS Office knowledge required
• Highly numerate with attention to detail

James Andrews is acting as an employment agency and business in relation to this role.

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