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- Tasks: Shape the future of banking rewards and compensation through innovative consulting projects.
- Company: Join Aon, a leader in better decision-making and inclusive teamwork.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Opportunity for career growth and collaboration with global clients.
- Why this job: Make a real impact in the banking sector while developing your expertise.
- Qualifications: Degree in a numerate discipline and strong analytical skills required.
The predicted salary is between 55000 - 65000 £ per year.
Are you passionate about shaping the future of compensation and rewards in the banking sector? If so, we have an exciting opportunity for you! We are currently seeking a Reward Consultant to join our Rewards Solutions practice in the London office. As a Reward Consultant, you will play a key role in developing and executing annual compensation studies, relationship management while also identifying and driving consulting and advisory projects focused on the banking sector and clients. Join us and be part of a team that is dedicated to delivering innovative solutions and making a difference in the industry.
About the Role
- Owning and developing client relationships in the Banking sector in the UK, including client servicing, identifying new opportunities and new clients onboarding.
- Working in conjunction with the Aon team internationally to service global clients and International Banks with a presence in the UK.
- Client advisory projects including competitive market positioning, trends, executive compensation benchmarks, incentive review/design, workforce planning, job architecture and job grading, market practice studies etc.
- Market research and analysis.
- Working on projects that develop and implement client reward strategies that link to business strategy.
- Help manage Aon’s Banking network for reward and HR heads, organising regular events (roundtables, webinars etc.) and sector‑specific studies throughout the year.
- Create and support the technical, statistical and graphical content of consulting projects, compensation studies and network presentations.
- Project and process management.
- Responsible for working in accordance with the Aon UK Limited Risk Management Framework, and compliance with the Aon UK Limited policies, including participation in the management of risks that may adversely affect the business, interests or reputation of any Group Company.
How is this Opportunity Different
The Reward Solutions team is part of the wider Human Capital Solutions practice, who provide a portfolio of Rewards, Assessment and Performance solutions, fuelled by expert advisors and proprietary people data and analytics, that help clients deliver sustained business performance through their people.
Skills and experience that will lead to success
- A thorough understanding of compensation and the issues affecting reward structures.
- Ability to master a specific area of expertise e.g. knowledge of banks / financial services.
- Be a person that more junior staff can learn from and takes a proactive role in sharing experience and expertise.
- Driven in client service, origination, and delivers results orientated solutions to often complex problems.
- Able to develop business by understanding a client’s requirements and tailoring approach.
- Manages client relationships utilising resources where appropriate (junior staff, senior experts, technology).
- Prioritising requests and managing client’s expectations.
- Degree qualified, preferably in a numerate discipline or equivalent.
- Proven and accurate analytical skills including Advanced Excel skills.
- Experience with data analysis and a range of modelling techniques.
- Excellent interpersonal skills including strong presentation skills, both verbal and written (advanced PowerPoint skills would be an advantage).
- Ability to work effectively in a team and individually.
- Fluent in English.
Reward Consultant - Banking employer: Aon
Contact Detail:
Aon Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reward Consultant - Banking
✨Network Like a Pro
Get out there and connect with people in the banking sector! Attend industry events, webinars, and roundtables to meet potential employers and showcase your expertise. Remember, it’s all about building relationships that can lead to job opportunities.
✨Show Off Your Skills
When you get the chance to chat with hiring managers or during interviews, don’t hold back! Share specific examples of how you've tackled complex problems in compensation and rewards. This is your time to shine and demonstrate your value!
✨Tailor Your Approach
Every client is different, so make sure you tailor your discussions to their needs. Research the company and its challenges beforehand, and come prepared with ideas on how you can help them improve their reward strategies. This shows initiative and understanding!
✨Apply Through Our Website
Don’t forget to apply for the Reward Consultant position directly through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about joining our team!
We think you need these skills to ace Reward Consultant - Banking
Some tips for your application 🫡
Tailor Your CV: Make sure your CV speaks directly to the role of Reward Consultant. Highlight your experience in compensation and rewards, especially in the banking sector. We want to see how your skills align with what we’re looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to tell us why you’re passionate about shaping compensation strategies in banking. Share specific examples of your past work that relate to the job description.
Showcase Your Analytical Skills: Since this role involves a lot of data analysis, make sure to highlight your analytical skills in your application. Mention any relevant tools or techniques you’ve used, especially if you have advanced Excel skills!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and keep track of it. Plus, you’ll get all the latest updates from us!
How to prepare for a job interview at Aon
✨Know Your Numbers
As a Reward Consultant, you'll need to demonstrate your analytical skills. Brush up on your knowledge of compensation structures and be ready to discuss specific metrics or trends in the banking sector. Prepare examples of how you've used data analysis to drive decisions in previous roles.
✨Showcase Your Client Management Skills
Client relationships are key in this role. Think of instances where you've successfully managed client expectations or identified new opportunities. Be prepared to share these stories during the interview to highlight your proactive approach and results-oriented mindset.
✨Understand the Market Landscape
Familiarise yourself with current trends in the banking sector, especially around compensation and rewards. Research Aon's position in the market and be ready to discuss how you can contribute to their innovative solutions. This shows your passion for the industry and your commitment to making a difference.
✨Prepare for Technical Questions
Given the technical nature of the role, expect questions that assess your Excel and data modelling skills. Brush up on advanced Excel functions and be ready to explain your approach to creating compensation studies or market analyses. This will demonstrate your expertise and readiness for the role.