At a Glance
- Tasks: Shape reward strategies and drive insights for our banking divisions.
- Company: Join Lloyds Banking Group, a leader in financial services with a focus on diversity.
- Benefits: Enjoy a competitive salary, generous pension, flexible working, and 30 days holiday.
- Other info: Be part of a diverse team committed to shaping the future of finance.
- Why this job: Make a real impact in a role that values innovation and collaboration.
- Qualifications: Strong analytical skills and a passion for data-driven decision making.
The predicted salary is between 61344 - 68160 £ per year.
End Date: Sunday 30 August 2026
Salary Range: £61,344 - £68,160
We support flexible working – click here for more information on flexible working options.
Flexible Working Options: Hybrid Working
Location(s): Bristol, Leeds, Halifax or Edinburgh
Type: Full Time, Permanent
Working Pattern: Our work style is hybrid, which involves spending at least two days per week, or 40% of our time.
Role Purpose
The Reward Partner role will support the development and execution of reward activity for the Business & Commercial Banking and Corporate & Institutional Banking divisions at Lloyds Banking Group. Reporting to the Head of Reward for BCB & CIB while supporting activities led by the divisional Reward Partners, the role-holder will be expected to deploy advanced analytics and drive insights to enable the implementation of commercially compelling reward propositions and inform strategic transformational reward decisions. The role requires strong analytical capabilities as well as collaboration skills to build effective relationships with People Partners, business stakeholders, and relevant colleagues across the wider Reward team. A customer and product-centric mindset, combined with strong analytical capability and a passion for innovation will be key to success.
Key Accountabilities
- Support the application of reward policies and practices to enable a best-in-class reward strategy for BCB & CIB, helping the Group to attract and retain the skills needed to drive our strategic objectives.
- Proactively use benchmarking, modelling and external trend insights to facilitate bold and innovative data-led reward proposition development.
- Build understanding of business area priorities, challenges, and risks to help tailor reward approaches that meet evolving needs.
- Develop trusted working relationships with People Partners and business stakeholders to support the colleague reward life cycle, including recruitment, retention, exits, and organisational change.
- Annual pay and bonus activities for BCB & CIB, utilising the Reward team to ensure smooth and effective delivery.
- Provide support on reward-related strategic initiatives including Group and business area-led change programmes, such as TUPEs and divestments.
- Ensure the business area is empowered to use our Reward framework to attract the necessary skills and talent to deliver our strategy whilst adhering to our governance framework and regulatory requirements.
About you
You’re energised by the opportunity to shape how Reward supports people and performance across the business. You are enthusiastic about data/insight and bring curiosity, a collaborative mindset, and a desire to drive people practices forwards - now you’re ready to deepen your expertise in Reward. You'll be able to communicate and tell stories using data. You’re confident working with stakeholders, asking insightful questions, and translating complexity into clear, practical solutions. You’re ready to have impact in a team that values learning and innovation.
Skills and Experience
- Demonstrated desire to learn new approaches, techniques and technologies and work in an agile way.
- Storytelling & communication: Excellent verbal and written communication skills to convey complex findings to stakeholders.
- Collaboration: Proven ability to work collaboratively in cross-functional teams and influence decision-making.
- Problem solving: Creative problem-solving skills to address reward people challenges using data-driven approaches.
- Appetite to gain deep understanding of core reward principles including benchmarking, pay structures, incentive design, and governance.
- Willingness to aid crafting flexible, innovative people practices that enable the partnered business to deliver transformational change.
- Ability to translate business needs into clear, actionable reward support, aligning with governance and regulatory requirements.
- Ability to thrive in diverse stakeholder environments; able to engage leaders and balance competing demands.
- Strong analytical skills, adept at synthesising data to shape reward decisions, including critically challenging data.
Benefits
- A generous pension contribution of up to 15%
- An annual performance-related bonus
- Share schemes including free shares
- Benefits you can adapt to your lifestyle, such as discounted shopping
- 30 days' holiday, with bank holidays on top
- A range of wellbeing initiatives and generous parental leave policies
About working for us
Our focus is to ensure we're inclusive every day, building an organisation that reflects modern society and celebrates diversity in all its forms. We want our people to feel that they belong and can be their best, regardless of background, identity or culture. We were one of the first major organisations to set goals on diversity in senior roles, create a menopause health package, and a dedicated Working with Cancer initiative. And it's why we especially welcome applications from under-represented groups.
We're disability confident. So if you'd like reasonable adjustments to be made to our recruitment processes, just let us know.
At Lloyds Banking Group, we're driven by a clear purpose; to help Britain prosper. Across the Group, our colleagues are focused on making a difference to customers, businesses and communities.
With us you'll have a key role to play in shaping the financial services of the future, whilst the scale and reach of our Group means you'll have many opportunities to learn, grow and develop. We keep your data safe. So, we'll only ever ask you to provide confidential or sensitive information once you have formally been invited along to an interview or accepted a verbal offer to join us which is when we run our background checks. We'll always explain what we need and why, with any request coming from a trusted Lloyds Banking Group person.
We're focused on creating a values-led culture and are committed to building a workforce which reflects the diversity of the customers and communities we serve. Together we’re building a truly inclusive workplace where all of our colleagues have the opportunity to make a real difference. With 320 years under our belt, we're used to change, and today is no different. Join us and help drive this change, shaping the future of finance whilst working at pace to deliver for our customers. Here, you'll do the best work of your career. Your impact will be amplified by our scale as you learn and develop, gaining skills for the future.
Reward Partner employer: Lloyds Bank plc
Lloyds Banking Group is an exceptional employer, offering a dynamic work environment in Cardiff that fosters professional growth and collaboration. With a competitive salary package, generous benefits including a robust pension scheme and flexible working options, employees are empowered to thrive both personally and professionally. The company prioritises inclusivity and well-being, ensuring that all team members can achieve their full potential while making a meaningful impact in the SME banking sector.
StudySmarter Expert Advice🤫
We think this is how you could land Reward Partner
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Lloyds Bank plc. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Reward Partner
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Lloyds Bank plc.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Lloyds Bank plc's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Lloyds Bank plc
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Lloyds Bank plc.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Lloyds Bank plc will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Lloyds Bank plc employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
