At a Glance
- Tasks: Manage and deliver compensation projects, ensuring compliance and effective communication.
- Company: Close Brothers, a diverse and inclusive financial services firm.
- Benefits: Private medical, gym discounts, cycle to work scheme, and additional holiday purchase options.
- Other info: Flexible working options available; we celebrate diversity and encourage all backgrounds to apply.
- Why this job: Join a dynamic team and make a real impact on employee compensation strategies.
- Qualifications: Experience in financial services with strong project management and communication skills.
The predicted salary is between 60000 - 75000 £ per year.
At Close Brothers we look to recruit individuals from all different backgrounds and encourage you to apply even if you don’t tick every box. We celebrate diversity and promote inclusivity. Vacancies are available on a part‑time, job‑share or full‑time basis because we know the best person for the job isn’t always available full‑time. Our aim is to facilitate requests wherever possible and managers will consider requests on an individual basis.
Join the Close Brothers HR Team where you will be responsible for managing and delivering a number of compensation projects, plans and processes for colleagues within Close Brothers, including governance of sales and business specific incentive schemes, job architecture/evaluation and delivery of the annual compensation review process. Working as part of the Reward team, our ideal team member will have previous experience in ensuring that all employee sales schemes are incentivising the correct behaviours and outcomes and are compliant with all regulatory and legislative requirements with excellent written and verbal communication skills.
RESPONSIBILITIES
- Prepare papers for the Bank‑wide Sales Incentives Steerco meetings.
- Maintain the sales incentives governance framework and liaise with sales incentives scheme owners in the businesses to ensure adherence to it.
- Own the annual sales incentive schemes review, for the approval of the Bank‑wide Sales Incentives Steerco.
- Oversee the implementation and end‑to‑end management of business‑specific long‑term incentive plans, covering grant and vesting processes, communications, and stakeholder engagement.
- Plan agenda, conduct research and draft papers for the Head of Reward & HR Infrastructure to review, in preparation for the Remuneration Committee.
- Prepare and review datasets for annual pay survey submission process, including job matching, analysis of the results and support to the business on ad‑hoc benchmarking requirements.
- Deliver market data and salary structure analysis as required, supporting alignment of employee pay with external market benchmarks.
WE WOULD LOVE TO HEAR FROM YOU IF YOU HAVE:
- Extensive reward exposure within financial services.
- An ability to manage multiple projects and processes concurrently, ensuring effective planning and preparation, delivered on time and of high quality.
- Delivered annual compensation reviews within financial services.
- The ability to effectively communicate with senior managers and Board level.
IT IS NOT ESSENTIAL BUT IT WOULD BE GREAT IF YOU HAVE:
- Knowledge of sales incentive schemes and executive compensation.
- Knowledge of the legislative, regulatory and compliance requirements for UK listed companies.
- Experience of managing compensation systems, including use of compensation review systems/platforms.
- Experience of data analysis and compensation strategy.
- An appreciation of how to apply AI to enhance compensation delivery.
BENEFITS
- Private medical
- Discounted health checks
- Stakeholder pension contribution
- Cycle to work scheme
- Gym discounts
- Purchase additional holiday
Senior Compensation & Incentives Specialist employer: Hunt
At Close Brothers, we pride ourselves on being an inclusive employer that values diversity and flexibility, offering part-time, job-share, or full-time opportunities to suit individual needs. Our supportive work culture fosters professional growth through engaging projects in compensation and incentives, while our comprehensive benefits package, including private medical care and gym discounts, ensures a rewarding experience for all employees. Join us in a dynamic environment where your contributions directly impact our success and the well-being of our colleagues.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Compensation & Incentives Specialist
✨Tip Number 1
Network like a pro! Reach out to your connections in the financial services sector and let them know you're on the lookout for opportunities. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by researching Close Brothers and their compensation strategies. Show us you understand their values and how you can contribute to their goals. Tailor your responses to highlight your relevant experience in managing compensation projects.
✨Tip Number 3
Practice your communication skills! Since you'll be liaising with senior managers and stakeholders, being able to articulate your thoughts clearly is key. Consider mock interviews with friends or mentors to boost your confidence.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows us you're genuinely interested in joining the Close Brothers team.
We think you need these skills to ace Senior Compensation & Incentives Specialist
Some tips for your application 🫡
Show Your Unique Self:Don’t be shy about showcasing your unique background and experiences. We love diversity and want to see how your individual journey can contribute to our team at Close Brothers.
Tailor Your Application:Make sure to tailor your application to highlight your experience in compensation and incentives, especially within financial services. We want to see how your skills align with the responsibilities outlined in the job description.
Be Clear and Concise:When writing your application, keep it clear and concise. Use straightforward language to communicate your achievements and how they relate to the role. We appreciate well-structured applications that get straight to the point!
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 ensures you don’t miss out on any important updates from our team.
How to prepare for a job interview at Hunt
✨Know Your Stuff
Make sure you brush up on your knowledge of compensation and incentives, especially within the financial services sector. Familiarise yourself with the latest trends and regulations, as well as any specific sales incentive schemes that Close Brothers might have in place.
✨Showcase Your Experience
Prepare to discuss your previous experience managing compensation projects and annual reviews. Be ready to share specific examples of how you've ensured compliance and incentivised the right behaviours in past roles. This will demonstrate your capability and fit for the role.
✨Communicate Effectively
Since the role requires excellent written and verbal communication skills, practice articulating your thoughts clearly. You might be asked to present ideas or findings, so consider how you can convey complex information simply and effectively.
✨Ask Insightful Questions
Prepare thoughtful questions about the company's compensation strategies and how they align with their goals. This shows your genuine interest in the role and helps you assess if the company culture aligns with your values, especially regarding diversity and inclusivity.
