Join us as Variable Compensation Manager
This is an opportunity for a driven individual to support us to achieve our strategic objectivesWe'll look to you to provide subject matter expertise on variable pay policy, design, and deliveryYou'll be driving the reward strategy and approach for the bank and delivering associated products and change projectsYou'll contribute to the delivery of our reward agenda, and act as a champion for our productsJoining a diverse and collaborative team, you can expect lots of variety in this fast-paced role
What you'll do
As a Variable Compensation Manager in Reward, you'll be providing expert support and technical advice on variable remuneration. We'll look to you to take the lead on delivering variable compensation products, simplification, identifying reward related policy gaps and any policy modifications required.
You'll also cultivate a thorough understanding of the various reward related business requirements by building your knowledge of the business and our operating model. Alongside which, you'll maintain market intelligence through internal and external networks, building your knowledge of market trends to recommend improvements in our reward products and processes.
You'll also be:
- Accountable for the delivery and stakeholder management for all aspects of variable compensation, building and providing technical expertise around reward processes and collaborating to deliver variable compensation effectively and efficiently
- Leading, developing and coaching any resources assigned to deliver projects
- Delivering reward projects and leading bank-wide projects
- Drafting Committee papers to provide the executive committee and function heads with expert diagnostics, insights and challenges regarding variable compensation
The skills you'll need
We're looking for someone with expert knowledge of variable compensation, regulatory reward and governance practices and application, including those which relate to variable pay compensation. You'll also have experience of coaching and excellent communication skills.
Additionally, you'll need:
- Experience of the banking industry, regulatory and commercial environment
- Good knowledge of variable pay delivery including an understanding of effective employee communications, tax implications and financial reporting
- Statistical knowledge and a strong eye for detail
- Knowledge of tax rules pertinent to reward structuring
- An advanced knowledge of Microsoft Office including Excel, Word and PowerPoint
- The ability to quickly assimilate information and rapidly become self sufficient
- Programme management skills
Hours
35
Job Posting Closing Date
14/10/2026
Ways of Working:Hybrid
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Variable Compensation Manager employer: Royal Bank of Scotland
At NatWest Markets, we pride ourselves on being an exceptional employer, offering a dynamic work environment in the heart of London. Our culture fosters collaboration and innovation, providing employees with ample opportunities for professional growth and development. With a focus on market insights and client relationships, we empower our team to excel in their roles while enjoying a supportive atmosphere that values diversity and inclusion.
