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For Companies At a Glance
- Tasks: Lead annual compensation cycles and develop data insights for strategic decisions.
- Company: Join a top financial services organisation making an impact in the industry.
- Benefits: Enjoy a hybrid work model and competitive salary with bonuses.
- Why this job: Be part of a dynamic team driving meaningful change in employee rewards.
- Qualifications: Experience in reward roles, strong analytical skills, and proficiency in Excel required.
- Other info: Opportunity to mentor junior talent and lead global initiatives.
The predicted salary is between 72000 - 84000 £ per year.
Job Description
Job Title: VP, Reward
Location: London (hybrid)
Sector: Financial Services
Salary: up to £120,000 + bonus
Position Overview: Catalyst Partners are delighted to be partnering with a leading financial services organisation who are seeking a highly skilled and motivated individual to join their team as a VP, Reward. Working alongside the Head of Reward and in close partnership with the broader HR and Reward team, you’ll help drive key programs including annual pay reviews, performance-based awards, and co-investment plans for employees. This role is ideal for someone who thrives on turning data into meaningful outcomes.
Key Responsibilities:
- Lead the full annual compensation and equity cycle, including program design, implementation, and communication.
- Oversee co-investment and carried interest allocations.
- Manage all benchmarking efforts – from annual reviews to ad hoc role and hire evaluations.
- Develop dashboards and data insights using Excel and Power BI to support strategic decision-making.
- Own and optimise compensation-related processes within Workday HRIS.
- Lead global reward initiatives, including integration projects post-acquisition.
- Continuously improve reward processes, frameworks, and the overall compensation philosophy.
- Ensure compliance with regulatory requirements (e.g. MRTs, Gender Pay, EU Transparency).
- Monitor market trends and translate regulatory and industry shifts into practical solutions.
- Deliver polished reports and presentations for senior leadership and committee meetings.
- Draft RemCo papers in partnership with the Head of Reward.
- Create and support training, resources, and communications for internal stakeholders.
- Act as the primary expert for compensation queries, building strong cross-functional HR relationships.
- Manage and mentor the Reward Associate to support team delivery and development.
Desired Skills & Experience:
- Experience in reward roles, ideally within financial services or consulting but open to sector.
- Deep knowledge of compensation structures and market benchmarking.
- Strong analytical mindset with excellent data accuracy and integrity.
- Proficient in Excel (advanced functions, data modelling, visualisation).
- Experienced with Workday and compensation survey platforms (e.g. McLagan).
- Strong communicator, able to simplify complex data for senior audiences using PowerPoint.
- Proven ability to manage reward change initiatives and drive process improvements.
- Team-oriented with experience coaching junior talent and collaborating across HR and business functions.
Rewards Manager employer: Catalyst Partners
Contact Detail:
Catalyst Partners Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Rewards Manager
✨Tip Number 1
Network with professionals in the financial services sector, especially those who work in reward management. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends in compensation and benefits.
✨Tip Number 2
Familiarise yourself with the specific tools mentioned in the job description, such as Workday and Power BI. Consider taking online courses or tutorials to enhance your skills in these platforms, as practical knowledge can set you apart from other candidates.
✨Tip Number 3
Prepare to discuss your experience with data analysis and how you've used it to drive decision-making in previous roles. Be ready to share specific examples of how you've improved compensation processes or implemented successful reward initiatives.
✨Tip Number 4
Research the company’s current reward strategies and any recent changes in their compensation philosophy. This will not only help you tailor your discussions during interviews but also demonstrate your genuine interest in the role and the organisation.
We think you need these skills to ace Rewards Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in reward roles, particularly within financial services or consulting. Emphasise your analytical skills and proficiency with tools like Excel and Workday.
Craft a Compelling Cover Letter: In your cover letter, express your passion for the role of VP, Reward. Discuss how your background aligns with the key responsibilities, such as leading compensation cycles and developing data insights.
Showcase Your Analytical Skills: Provide specific examples of how you've used data to drive decision-making in previous roles. Mention any experience with benchmarking and creating dashboards, as these are crucial for this position.
Prepare for Interviews: Anticipate questions about your experience with compensation structures and market trends. Be ready to discuss how you would approach the challenges outlined in the job description, such as compliance and process improvements.
How to prepare for a job interview at Catalyst Partners
✨Showcase Your Analytical Skills
As a Rewards Manager, you'll need to demonstrate your strong analytical mindset. Be prepared to discuss specific examples of how you've used data to drive decision-making in previous roles. Highlight your proficiency in Excel and any experience with data visualisation tools like Power BI.
✨Understand Compensation Structures
Make sure you have a solid grasp of compensation structures and market benchmarking. Research the latest trends in financial services and be ready to discuss how these can impact the organisation's reward strategy. This will show that you're not only knowledgeable but also proactive about industry changes.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your ability to manage reward change initiatives. Think of past experiences where you led a project or improved a process, and be ready to explain your approach, the challenges faced, and the outcomes achieved.
✨Communicate Clearly and Effectively
Since you'll be delivering reports and presentations to senior leadership, practice simplifying complex data into clear, concise messages. Use examples from your past to illustrate how you've communicated effectively with different stakeholders, ensuring they understood the key points.
