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- Tasks: Lead reward strategies and manage pay, benefits, and compensation processes.
- Company: Join Bank of London, a pioneering bank focused on safer business banking solutions.
- Benefits: Enjoy a collaborative work environment with opportunities for professional growth.
- Why this job: Be part of a dynamic team that values compassion, ownership, and curiosity.
- Qualifications: Extensive experience in reward and benefits with strong analytical skills required.
- Other info: This role is based in London, requiring 5 days 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
What We’re Looking For
- 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. Understanding the nuances of compensation legislation and best practices will help you stand out during discussions with the hiring team.
✨Tip Number 2
Network with professionals in the field of reward and benefits. Engaging with industry experts can provide insights into the role and may even lead to referrals, increasing your chances of landing an interview.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully implemented reward strategies in previous roles. Highlighting your analytical skills and project management experience will demonstrate your capability to handle the responsibilities of this position.
✨Tip Number 4
Showcase your collaborative mindset by thinking about how you would engage with various stakeholders within the organisation. Being able to articulate your approach to building relationships will resonate well with the People Team at Bank of London.
We think you need these skills to ace People Manager – Reward & Benefits
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your extensive experience in reward and benefits. Focus on relevant skills such as compensation strategy, payroll operations, and project management that align with the job description.
Craft a Compelling Cover Letter: In your cover letter, express your passion for the role and the company. Mention specific experiences that demonstrate your expertise in pay, benefits, and compliance with legislation, as well as your collaborative mindset.
Showcase Analytical Skills: Provide examples of how you've conducted research and data analysis in previous roles. Highlight any benchmarking insights you've presented and how they influenced decision-making in reward strategies.
Prepare for Potential Questions: Anticipate questions related to your experience with regulatory matters like the Remuneration Code and CRD V. Be ready to discuss how you’ve managed multiple priorities and delivered tailored reward solutions in past positions.
How to prepare for a job interview at Bank of London
✨Know Your Reward Legislation
Make sure you brush up on the relevant legislation and regulatory practices related to reward and benefits. Being able to discuss the Remuneration Code and Capital Requirements Directive (CRD V) confidently will show your expertise and preparedness for the role.
✨Showcase Your Analytical Skills
Prepare to discuss how you've used data analysis in previous roles. Bring examples of how you've conducted research or presented benchmarking insights on salary and benefits trends, as this is crucial for the position.
✨Demonstrate Project Management Experience
Be ready to talk about your project management skills, especially in relation to reward-related projects. Highlight specific instances where you've successfully managed multiple priorities and delivered effective solutions.
✨Engage with Stakeholders
Think about how you've built relationships with internal stakeholders in the past. Be prepared to share examples of how you've applied consultancy skills to deliver tailored reward solutions, as collaboration is key in this role.
