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- Tasks: Lead reward strategies and manage compensation, benefits, and payroll processes.
- Company: Join Bank of London, a pioneering bank focused on safety and innovation in business banking.
- Benefits: Enjoy a collaborative culture, professional development opportunities, and a commitment to diversity.
- Why this job: Be part of a dynamic team that values compassion, ownership, and curiosity while making a real impact.
- Qualifications: Extensive experience in reward and benefits with strong analytical and project management skills required.
- Other info: This role is based in London, requiring 5 days a week in the office.
The predicted salary is between 43200 - 72000 £ per year.
Bank of London offers a safer business banking model by holding all deposits at the Bank of England, eliminating the risk of 'bank runs.' It provides services such as Deposit-as-a-Service (DaaS), Embedded Banking, real-time Clearing, Payments, and Settlement, as well as Commercial Banking tailored to businesses. Powered by proprietary technology, the bank collaborates with SAP Fioneer to deliver innovative solutions. With a focus on exceptional service and core values of compassion, ownership, and curiosity, the bank strives for excellence in all it does.
Bank of London is seeking a talented and knowledgeable People Manager – Reward & Benefits to join our dynamic People Team. In this key role, you’ll bring deep expertise in pay, benefits, and compensation legislation and best practice. You will work closely with our Head of People, collaborate across the wider People Team, and engage with stakeholders across the organisation to deliver impactful reward strategies.
Key Responsibilities- Provide expert advice and support the administration of all aspects of reward, including pay, benefits, incentive plans, bonuses, and share options.
- Provide expert advice on all reward regulatory matters including the Remuneration Code and Capital Requirements Directive (CRD V).
- Provide support for the preparation and drafting of papers for the Board Remuneration Committee.
- Support the Company Secretary with the Bank’s Senior Manager and Certification Regime (SMCR) including Senior Manager Function (SMF) applications, as well as the appointment of Material Risk Takers (MRTs) and Certified Persons (CP), where appropriate.
- Conduct research, data analysis, and present benchmarking insights on salary and benefits trend.
- Monitor and evaluate existing policies and practices, recommending innovative improvements where appropriate.
- Work collaboratively with colleagues in centres of expertise to design and implement effective business solutions.
- Share knowledge proactively with People Team colleagues to support continuous team development.
- Manage and support payroll administration processes as required.
- Lead and contribute to reward-related projects using strong project management skills.
- Build and maintain strong relationships with internal stakeholders.
- Apply consultancy skills to deliver tailored reward solutions.
- Effectively manage multiple complex priorities and issues simultaneously.
- Leverage a broad understanding of reward practices, including salary review cycles, bonus and benefits design, and project delivery.
- Extensive experience in reward and benefits, with a strong knowledge of relevant legislation, regulatory and industry practices.
- Proven expertise in compensation strategy and implementation.
- Strong analytical and data presentation skills.
- A collaborative, solutions-focused mindset.
- Experience in payroll and reward operations.
- Excellent project management and stakeholder engagement capabilities.
- A proactive and flexible approach to work.
Location: London (5 days per week in the office). Travel to other locations may be required on occasion.
Diversity: Bank of London is an equal opportunity employer committed to inclusion, diversity and belonging. All qualified applicants are welcome and will receive consideration for employment without regard to race, colour, age, religion or religious expression, sex, sexual orientation, gender or gender identity and expression, transgender, national origin, or military veteran status.
People Manager – Reward & Benefits employer: Bank of London
Contact Detail:
Bank of London Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land People Manager – Reward & Benefits
✨Tip Number 1
Familiarise yourself with the latest trends in reward and benefits, especially those relevant to the banking sector. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in this fast-evolving field.
✨Tip Number 2
Network with professionals in the reward and benefits space, particularly those who work in financial institutions. Engaging in conversations can provide insights into the specific challenges and innovations within the industry, which you can reference in discussions with our team.
✨Tip Number 3
Prepare to discuss your experience with regulatory matters such as the Remuneration Code and CRD V. Being able to articulate your understanding of these regulations will set you apart as a knowledgeable candidate who can navigate complex compliance issues.
✨Tip Number 4
Showcase your project management skills by preparing examples of past projects where you successfully implemented reward strategies. Highlighting your ability to manage multiple priorities will resonate well with our focus on delivering impactful solutions.
We think you need these skills to ace People Manager – Reward & Benefits
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the People Manager - Reward & Benefits position. Tailor your application to highlight your relevant experience in reward strategies and compensation legislation.
Craft a Tailored CV: Your CV should reflect your extensive experience in reward and benefits. Emphasise your knowledge of relevant legislation and your proven expertise in compensation strategy. Use specific examples to demonstrate your analytical skills and project management capabilities.
Write a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Highlight how your collaborative mindset and solutions-focused approach align with the bank's core values. Mention any relevant projects or achievements that showcase your ability to manage complex priorities.
Proofread and Edit: Before submitting your application, carefully proofread your documents. Check for any spelling or grammatical errors, and ensure that your information is clear and concise. A polished application reflects your attention to detail and professionalism.
How to prepare for a job interview at Bank of London
✨Know Your Reward Legislation
Make sure you brush up on the latest pay, benefits, and compensation legislation. Being able to discuss the Remuneration Code and Capital Requirements Directive (CRD V) confidently will show that you’re well-prepared and knowledgeable.
✨Showcase Your Analytical Skills
Prepare to discuss your experience with data analysis and benchmarking insights. Bring examples of how you've used data to influence reward strategies in previous roles, as this is crucial for the position.
✨Demonstrate Collaboration
Highlight your ability to work collaboratively with various stakeholders. Be ready to share specific instances where you’ve successfully engaged with teams or departments to implement effective reward solutions.
✨Project Management Prowess
Since the role involves leading reward-related projects, be prepared to talk about your project management experience. Discuss how you’ve managed multiple priorities and delivered results under pressure.
