At a Glance
- Tasks: Lead the design of innovative reward strategies to attract and retain top talent.
- Company: Join Starling Bank, a pioneering digital bank transforming the finance industry.
- Benefits: Enjoy 25 days holiday, private medical insurance, and flexible working options.
- Other info: Be part of a diverse team committed to solving real customer problems.
- Why this job: Make a real impact in reshaping banking while driving employee engagement and recognition.
- Qualifications: Experience in designing reward strategies, ideally in financial services.
The predicted salary is between 80000 - 100000 £ per year.
Hello, we're Starling. Banking was broken - so we decided to fix it. The vision? Fast technology, fair service and honest values. All at the tap of a phone, all the time. We built Britain's first digital bank. One hard-won banking licence later, we set about giving people a new way to spend, save and manage their money (and take better care of the planet, too). We're changing banking for good.
Since then, we've grown. A lot. Over four million accounts (and four account types!). A team of thousands. Headquartered in London with offices in Cardiff, Dublin, Manchester and Southampton. Seven years voted Which? Recommended Provider and Britain's Best Banking Brand. Still zero branches. Our culture is open, inclusive and focused on solving real customer problems, with an emphasis on doing the right thing, even when it's not always the easy thing.
As Starling accelerates its growth both in the UK and internationally, we are seeking a strategic Director of Reward to lead our Compensation, Benefits, and Recognition agenda. This pivotal role will ensure our reward strategies attract, retain, and motivate the right talent while maintaining full regulatory compliance. You will partner with senior leaders across the business to design and implement a cohesive total reward framework that supports our ambitious growth plans, reinforces our culture, and drives high performance.
This role is critical in positioning the Group as an employer of choice globally - delivering innovative and scalable solutions across pay, benefits, and recognition that meet the needs of our diverse workforce.
What you'll be doing:
- Define and execute reward strategy: Lead the design and implementation of the Group's total reward framework, aligned with business strategy and growth ambitions.
- Ensure regulatory compliance: Own governance of all reward programmes, ensuring compliance with UK regulations (FCA/PRA) and readiness for international expansion.
- Drive employee engagement: Develop innovative recognition and incentive initiatives that reinforce company values, celebrate performance, and motivate teams.
- Enable international scalability: Prepare reward programmes to be adaptable across geographies, balancing global consistency with local market requirements.
- Measure and evaluate impact: Track and report on the effectiveness of reward programmes, including engagement, participation, retention, and performance outcomes, using data-driven insights to continuously improve offerings.
- Provide insight and data-driven recommendations: Use analytics, benchmarking, and market trends to inform reward decisions and continuously improve programmes.
Requirements Experience & Background:
- Proven experience designing and delivering total reward strategies, ideally in a regulated organisation in financial services.
- Demonstrable knowledge of UK reward legislation and regulatory frameworks, with exposure to international markets a plus.
Skills & Competencies:
- Strong commercial acumen and understanding of how reward drives business performance.
- Strong strategic thinking and problem-solving skills, with the ability to balance competitive reward with cost and regulatory compliance.
- Excellent analytical and modelling skills to evaluate financial impacts of reward decisions.
- Exceptional communication skills, able to clearly articulate reward philosophy and programmes to business leaders and employees.
- Proven ability to influence senior stakeholders and implement initiatives at scale.
- Experience leading change initiatives.
Success metrics:
- Reward strategy alignment: Reward programmes clearly aligned with business strategy, growth targets, and culture.
- Regulatory compliance: Full compliance with FCA/PRA and other relevant jurisdiction requirements.
- Talent attraction & retention: High-quality hires and low attrition in critical and high-performing roles.
- Employee engagement & recognition: Positive feedback on pay fairness, benefits, and recognition initiatives (measured via surveys, participation, and uptake).
- Scalability & readiness for growth: Reward programmes successfully adapted and implemented for international expansion, with smooth governance and clear oversight.
Applications for this role will close on Monday 13th July at 5pm.
Benefits:
- 25 days holiday (plus take your public holiday allowance whenever works best for you).
- An extra day's holiday for your birthday.
- Annual leave is increased with length of service, and you can choose to buy or sell up to five extra days off.
- 16 hours paid volunteering time a year.
- Salary sacrifice, company enhanced pension scheme.
- Life insurance at 4x your salary.
- Private Medical Insurance with VitalityHealth including mental health support and cancer care.
- Partner benefits include discounts with Waitrose, Mr&Mrs Smith and Peloton.
- Generous family-friendly policies.
- Perkbox membership giving access to retail discounts, a wellness platform for physical and mental health, and weekly free and boosted perks.
- Access to initiatives like Cycle to Work and Salary Sacrificed Gym partnerships.
Starling Bank is an equal opportunity employer, and we're proud of our ongoing efforts to foster diversity & inclusion in the workplace. Individuals seeking employment at Starling Bank are considered without regard to race, religion, national origin, age, sex, gender, gender identity, gender expression, sexual orientation, marital status, medical condition, ancestry, physical or mental disability, military or veteran status, or any other characteristic protected by applicable law.
Director of Reward employer: Starling Bank
Starling Bank is an exceptional employer, offering a dynamic and inclusive work culture that prioritises innovation and employee well-being. With a strong focus on personal and professional growth, employees benefit from generous holiday allowances, comprehensive health insurance, and unique perks like volunteering time and wellness initiatives. Located in the heart of London, Starling fosters a collaborative environment where every team member plays a vital role in reshaping the banking landscape for good.
StudySmarter Expert Advice🤫
We think this is how you could land Director of Reward
✨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 Starling Bank. 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 Director of Reward
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 Starling Bank.
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 Starling Bank'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 Starling Bank
✨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 Starling Bank.
✨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 Starling Bank 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 Starling Bank 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.