At a Glance
- Tasks: Manage and deliver compensation projects, ensuring compliance and effective communication.
- Company: Join Close Brothers, a diverse and inclusive financial services company.
- Benefits: Enjoy private medical care, gym discounts, and a stakeholder pension scheme.
- Other info: Flexible working options available to suit your lifestyle.
- Why this job: Make a real impact on employee compensation and work with senior leaders.
- Qualifications: Experience in financial services and managing multiple projects effectively.
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 Specialist (12 month FTC) 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 compensation projects and a commitment to employee well-being, complemented by benefits such as private medical care, gym discounts, and a stakeholder pension scheme. Join us in a dynamic environment where your contributions directly impact our success and where you can thrive in your career within the financial services sector.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Compensation Specialist (12 month FTC)
✨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 hunt for a Senior Compensation Specialist role. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching Close Brothers and their compensation strategies. Show us that you understand their values and how your experience aligns with their goals. Tailor your responses to highlight your relevant skills and past successes in managing compensation projects.
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, drop a quick thank-you email to express your appreciation for the opportunity. It keeps you fresh in their minds and shows your enthusiasm for the role.
✨Tip Number 4
Apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows us that you’re genuinely interested in joining the Close Brothers team.
We think you need these skills to ace Senior Compensation Specialist (12 month FTC)
Some tips for your application 🫡
Show Your Unique Self:Don’t be shy! We want to see your personality shine through in your application. Share your experiences and how they relate to the role, even if you don’t tick every box. Remember, diversity is our strength!
Tailor Your Application:Make sure to customise your CV and cover letter for the Senior Compensation Specialist role. Highlight your relevant experience in financial services and any specific projects you've managed that align with the responsibilities listed in the job description.
Be Clear and Concise:When writing your application, keep it straightforward and to the point. Use clear language to describe your skills and experiences, especially your communication abilities, as this is key for the role.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy!
How to prepare for a job interview at Hunt
✨Know Your Stuff
Make sure you brush up on your knowledge of compensation strategies and sales incentive schemes. Familiarise yourself with the latest trends in financial services and be ready to discuss how they relate to the role.
✨Showcase Your Experience
Prepare specific examples from your past roles that demonstrate your ability to manage multiple projects and deliver high-quality results. Highlight any experience you have with annual compensation reviews and how you've communicated effectively with senior management.
✨Ask Smart Questions
Come prepared with insightful questions about the company's compensation governance framework and how they ensure compliance with regulatory requirements. This shows your genuine interest in the role and helps you understand their processes better.
✨Be Yourself
Remember, Close Brothers values diversity and inclusivity. Don’t hesitate to share your unique background and perspective. Authenticity can set you apart and help you connect with the interviewers on a personal level.
