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- Tasks: Lead the design and implementation of compensation programmes in Financial Services.
- Company: Join a leading UK Financial Services firm focused on innovative reward strategies.
- Benefits: Enjoy a competitive salary, flexible working options, and opportunities for professional growth.
- Why this job: Shape the future of compensation while collaborating with senior leaders in a dynamic environment.
- Qualifications: Experience in total reward or executive compensation is essential.
- Other info: Contact ianfletcher@harveysutton.co.uk for more details.
The predicted salary is between 108000 - 252000 £ per year.
FS Reward (Director) Role
Total Reward Lead - Director - Financial Services – London
Base - up to £180,000
EXPERIENCE OF TOTAL REWARD / EXECUTIVE COMPENSATION
The Opportunity
Help with designing, developing, and implementing compensation programmes for the UK Financial Services firm as a subject matter expert. This role will also be required to partner with the Benefits team to share a holistic view of Total Reward. The role will focus on the strategic development of a firm-wide compensation element. There would also be compensation initiatives this role would be responsible for to support the annual pay review process.
Your Key Responsibilities
- Help shape Reward Strategy
- Educates the relevant business stakeholders on the firm’s compensation strategy
- Manage the annual salary review process providing dedicated support for all Financial Services business areas
- Work with Finance and Operations on fixed/variable pay budgets and promotions
- Works with CFO/People Partners to allocate fixed pay budgets that reflect market and model/apply variable pay budgets that reflect firm and individual performance
- Responsible for all REMCO sign offs for the UK FSO firm
Skills And Attributes For Success
- Responsible for managing all aspects of compensation for the UK Financial Services firm
- Responsible for strategically managing one of the following compensation activities; Fixed pay, variable pay or employee recognition.
- Engages with senior stakeholders across different business areas to drive the strategy for UK FSO, whilst identifying opportunities to drive consistency, improvement and best practice across the UK firm; maximising investment spend and delivery.
- Builds and maintains credible relationships with specific business areas and Talent/business stakeholders to deliver high standard compensation services
- Collaborates with colleagues to drive consistency and identify simplification opportunities
- Engages with senior leadership including relevant pay boards (UKI Pay Board/FS People Committee/ROI EQV) responding to complex requests
- Partners with Benefits colleagues to help further develop our Total Reward proposition
To find out more contact: ianfletcher@harveysutton.co.uk
FS Reward Director employer: Harvey Sutton
Contact Detail:
Harvey Sutton Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land FS Reward Director
✨Tip Number 1
Network with professionals in the financial services sector, especially those involved in compensation and benefits. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends in total reward strategies.
✨Tip Number 2
Familiarise yourself with the specific compensation frameworks used in the UK financial services industry. Understanding the nuances of fixed and variable pay structures will give you an edge when discussing your expertise during interviews.
✨Tip Number 3
Prepare to discuss your experience in managing annual salary reviews and how you've successfully collaborated with finance teams in the past. Highlighting these experiences can demonstrate your capability to handle the responsibilities outlined in the job description.
✨Tip Number 4
Research StudySmarter's current compensation initiatives and values. Tailoring your discussions around how your skills align with our goals can show that you're not just a fit for the role, but also for our company culture.
We think you need these skills to ace FS Reward Director
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in total reward and executive compensation. Use specific examples that demonstrate your ability to design and implement compensation programmes, as well as your strategic involvement in annual pay reviews.
Craft a Compelling Cover Letter: In your cover letter, express your passion for the role and the financial services sector. Discuss how your skills align with the responsibilities outlined in the job description, particularly your experience in managing fixed and variable pay budgets.
Highlight Stakeholder Engagement: Emphasise your experience in engaging with senior stakeholders and your ability to build credible relationships across different business areas. Provide examples of how you've driven strategy and best practices in previous roles.
Showcase Collaboration Skills: Mention any past experiences where you collaborated with benefits teams or other departments to enhance total reward propositions. This will demonstrate your ability to work cross-functionally, which is crucial for this role.
How to prepare for a job interview at Harvey Sutton
✨Understand Total Reward Concepts
Make sure you have a solid grasp of total reward principles, including fixed and variable pay structures. Be prepared to discuss how these concepts can be applied strategically within the financial services sector.
✨Showcase Stakeholder Engagement Skills
Highlight your experience in engaging with senior stakeholders. Prepare examples of how you've successfully collaborated with different business areas to drive compensation strategies and improve practices.
✨Demonstrate Analytical Abilities
Be ready to discuss how you manage compensation budgets and analyse market trends. Show that you can use data to inform decisions and support the annual salary review process effectively.
✨Prepare for Scenario-Based Questions
Expect questions that require you to think on your feet. Prepare for scenarios where you might need to address complex compensation issues or stakeholder requests, showcasing your problem-solving skills.
