At a Glance
- Tasks: Shape the future of banking compensation and rewards through innovative consulting projects.
- Company: Join a leading firm dedicated to transforming the banking sector.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Collaborative team culture with opportunities for growth and learning.
- Why this job: Make a real impact in the banking industry while developing your expertise.
- Qualifications: Degree in a numerate discipline and strong analytical skills required.
The predicted salary is between 55000 - 65000 £ per year.
Are you passionate about shaping the future of compensation and rewards in the banking sector? If so, we have an exciting opportunity for you! We are currently seeking a Reward Consultant to join our Rewards Solutions practice in the London office. As a Reward Consultant, you will play a key role in developing and executing annual compensation studies, relationship management while also identifying and driving consulting and advisory projects focused on the banking sector and clients. Join us and be part of a team that is dedicated to delivering innovative solutions and making a difference in the industry.
About the Role
- Owning and developing client relationships in the Banking sector in the UK, including client servicing, identifying new opportunities and new clients onboarding.
- Working in conjunction with the Aon team internationally to service global clients and International Banks with a presence in the UK.
- Client advisory projects including competitive market positioning, trends, executive compensation benchmarks, incentive review/design, workforce planning, job architecture and job grading, market practice studies etc.
- Market research and analysis.
- Working on projects that develop and implement client reward strategies that link to business strategy.
- Help manage Aon's Banking network for reward and HR heads, organising regular events (roundtables, webinars etc.) and sector-specific studies throughout the year.
- Create and support the technical, statistical and graphical content of consulting projects, compensation studies and network presentations.
- Project and process management.
- Responsible for working in accordance with the Aon UK Limited Risk Management Framework, and compliance with the Aon UK Limited policies, including participation in the management of risks that may adversely affect the business, interests or reputation of any Group Company.
How is this Opportunity Different
The Reward Solutions team is part of the wider Human Capital Solutions practice, who provide a portfolio of Rewards, Assessment and Performance solutions, fuelled by expert advisors and proprietary people data and analytics, that help clients deliver sustained business performance through their people.
Skills and experience that will lead to success
- A thorough understanding of compensation and the issues affecting reward structures.
- Ability to master a specific area of expertise e.g. knowledge of banks / financial services.
- Be a person that more junior staff can learn from and takes a proactive role in sharing experience and expertise.
- Driven in client service, origination, and delivers results orientated solutions to often complex problems.
- Able to develop business by understanding a client's requirements and tailoring approach.
- Manages client relationships utilising resources where appropriate (junior staff, senior experts, technology).
- Prioritising requests and managing client's expectations.
- Degree qualified, preferably in a numerate discipline or equivalent.
- Proven and accurate analytical skills including Advanced Excel skills.
- Experience with data analysis and a range of modelling techniques.
- Excellent interpersonal skills including strong presentation skills, both verbal and written (advanced PowerPoint skills would be an advantage).
- Ability to work effectively in a team and individually.
- Fluent in English.
Reward Consultant - Banking employer: Stryker Corporation
Stryker Corporation is an exceptional employer that fosters a dynamic and inclusive work culture, offering employees the chance to thrive in a remote setting while being part of a leading medical communications team. With a strong emphasis on professional development and growth opportunities, employees are encouraged to enhance their skills and advance their careers, all while contributing to meaningful projects that impact healthcare globally.
StudySmarter Expert Advice🤫
We think this is how you could land Reward Consultant - Banking
✨Network Like a Pro
Get out there and connect with people in the banking sector! Attend industry events, webinars, and roundtables to meet potential clients and colleagues. Building relationships is key, so don’t be shy about introducing yourself and sharing your passion for compensation and rewards.
✨Show Off Your Expertise
When you get the chance to chat with someone, make sure to highlight your knowledge of compensation structures and market trends. Share insights from your previous experiences or projects that relate to the role. This will show you're not just another candidate but someone who can bring real value to the team.
✨Tailor Your Approach
Every client is different, so adapt your pitch to their specific needs. Research the companies you’re interested in and think about how your skills can help them tackle their unique challenges. This personalised approach will set you apart from the competition.
✨Apply Through Our Website
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in joining our team and contributing to innovative solutions in the banking sector.
We think you need these skills to ace Reward Consultant - Banking
Some tips for your application 🫡
Tailor Your CV:Make sure your CV speaks directly to the role of Reward Consultant. Highlight your experience in compensation and rewards, especially in the banking sector. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to tell us why you're passionate about shaping compensation strategies in banking. Share specific examples of your past work that relate to the job description.
Showcase Your Analytical Skills:Since this role involves a lot of data analysis, make sure to highlight your analytical skills in your application. Mention any relevant tools or techniques you've used, especially if you have advanced Excel skills!
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at Stryker Corporation
✨Know Your Numbers
As a Reward Consultant, you'll need to demonstrate your analytical skills. Brush up on key compensation metrics and trends in the banking sector. Be ready to discuss how you would approach data analysis and modelling techniques during the interview.
✨Showcase Your Client Management Skills
Prepare examples of how you've successfully managed client relationships in the past. Think about specific situations where you identified new opportunities or tailored solutions to meet client needs. This will show your proactive approach and ability to deliver results.
✨Understand the Market Landscape
Familiarise yourself with current trends in compensation and rewards within the banking sector. Be prepared to discuss how these trends impact client strategies and how you can contribute to developing innovative solutions.
✨Practice Your Presentation Skills
Since strong presentation skills are crucial for this role, practice delivering your ideas clearly and confidently. Consider creating a mock presentation on a relevant topic to showcase your advanced PowerPoint skills and ability to communicate complex information effectively.
