Job description

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  • Location:
    London - 30 Gresham Street
  • Department:
    P&O Operations
  • Division:
    IBP Business Enablement
  • Employment Type:
    Full time
  • Salary:
    Competitive

Reward Consultant (5326)

Investec is a distinctive Specialist Bank serving clients principally in the UK and South Africa. Our culture gives us our edge: we work hard to find colleagues who'll think out of the ordinary and we put them in environments where they'll flourish. We combine a flat structure with a focus on internal mobility. If you can bring an entrepreneurial spirit and a desire to learn and collaborate to your work, this could be the boost your career deserves.

Research shows that some candidates can be reluctant to apply to a role unless they meet all the criteria. We pride ourselves on our entrepreneurial spirit here and welcome you to do the same – if the role excites you, please don't let our person specification hold you back. Get in touch!

What does this role involve?

This role requires a consultant to give expert advice on reward, using external and internal information, including some knowledge of regulatory and legal requirements as well as external benchmarking. The role further requires the consultant to manage, co-ordinate, facilitate and participate in the UK Specialist Bank annual reward review cycle. Key relationships in the role include: Global Head of P&O; UK Head of P&O; Reward team; Staff Share Schemes; Benefits and Payroll; P&O Leads; P&O Consultants; Careers and Finance.

What are the key responsibilities?

Advise on Remuneration regulatory and legal requirements

The successful candidate will need to:

  • Advise on the interpretation and application of external reward requirements, including all legal and regulatory requirements
  • Ensure that we are compliant with our responsibilities and obligations in these areas
  • Take responsibility for the preparation and submission of annual external reward reporting, including the gender pay gap report and reward submissions to the PRA and FCA.

Remuneration Research:

  • Track remuneration and reward trends in the market
  • Research best practice around benefits and rewards
  • Investigate new remuneration models based on business needs
  • Advise on reward packages for new job offers

Annual Reward Review:

  • Process management of the annual reward process
  • Communication with P&O Leads, People Consultants and business leaders
  • Participation in divisional iteration processes
  • Consolidation and analysis of proposals, followed by preparation of schedules for final approval by the Investec Group Remuneration Committee
  • Assist in the preparation of the remuneration reports in the Annual Report and Accounts

Benchmarking:

  • Ownership of participation in annual external reward benchmarking surveys.
  • Analyze data from reward surveys to determine competitiveness both internally and externally as well as market demands to get a sense of skills scarcity.
  • Do ad hoc specifically requested benchmarking by tapping into other external sources e.g. employment agencies and other remuneration professionals

Data Management:

  • Ownership of Reward data management
  • Working with the P&O Tech division to ensure relevant systems are functioning appropriately and lead on system updates when required

What are we looking for in the successful candidate?

  • Experience of Reward in a financial services environment, including remuneration regulations, reward consulting, benchmarking and surveys
  • Knowledge of employee share schemes
  • Experience of working with and advising business leaders
  • Highly numerate
  • Advanced Excel skills
  • Excellent analytical skills
  • Ability to prepare Board level analysis and presentations
  • Ability to build strong working relationships with colleagues

 
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Location
London - 30 Gresham Street
30 Gresham Street, London, England, GB, EC2V 7QN
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Meet the recruiter

Shaleen Sayani

LinkedIn

We commit to ensure that everyone is fairly assessed during our recruitment process.

Let us know if you need any reasonable adjustments to complete your application.

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Benefits

Pension
Private Medical Cover
Virtual GP
Gym Discounts
Psychologist Service
Annual Leave
Life Assurance
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