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Job Description
Join us as a Reward Partner
- This is an opportunity for a driven individual to sponsor projects to drive changes to pay constructs or to meet regulatory requirements
- Youll provide expert support and technical advice and frameworks for business areas that have a high volume of compensation constructs
- Joining a diverse and collaborative team, you can expect lots of variety in this fast-paced role
- Were offering this role at vice president level
What youll do
In this key role, youll be advising on appropriate pay constructs, collations and analysis of market data, support for business cases, advice on exit packages, annual pay review and bonus process, remuneration design, policy guidance and reward benchmarking.
Throughout the course of your work, youll also develop pay constructs that strike the right balance of fixed and variable pay across the bank, alongside working with business heads to design the fixed pay construct, including pensions and benefits provision.
Youll Also Be
- Co-sponsoring the annual pay review process
- Providing HR ExCo and bank-wide leaders with expert diagnostic, insights and challenge regarding compensation
- Governing the compensation approval requests and severance approval requests processes
- Working with a range of colleagues to make sure employee relations for Reward items are well managed with social partners
- Managing delivery against financial plans and budgets, including forecasting, resource allocation and prioritisation
The skills youll need
Were looking for someone with experience gained in a banking, regulatory or commercial environment, coupled with knowledge and application of HR theories, models and best practices.
Well Also Expect
- At least twelve years of experience in compensation and benefits
- Expert knowledge of compensation, regulatory reward and governance practices and their application
- Knowledge of regulations and how they apply to reward and benefit structures
- Understanding of attraction and retention and how that interplays with Reward and EVP
- Analytical skills, stakeholder management and the ability to derive actionable insights
- Knowledge of relevant legal policies, regulations and risk management
Skills
CompensationEmployee RelationsHrIf a job posting appears fraudulent, asks for payment, contains misleading information, or violates our guidelines, please report it immediately. Our team will review it promptly, Jobaaj does not charge any fee from the applicants.
About Company
NatWest Group plc, a leading banking and insurance entity headquartered in Edinburgh, Scotland, provides a diverse range of financial services.
This prestigious group encompasses various banking brands, catering to personal and business banking needs, as well as offering services in private banking, investment banking, insurance, and corporate finance. Its prominent subsidiaries in the United Kingdom include National Westminster Bank, Royal Bank of Scotland, NatWest Markets, and Coutts, with the group also responsible for issuing banknotes in Scotland and Northern Ireland.
Historically, before the turmoil of the 2008 financial crisis, NatWest Group had ascended to become the world’s largest bank for a brief duration. It ranked as the second-largest in the UK and Europe, and fifth globally in terms of market capitalisation. However, the crisis led to a dramatic fall in its standings due to a plummeting share price and a significant erosion of confidence, necessitating a bailout through the 2008 United Kingdom bank rescue package. At one point in 2009, it became the largest company globally by assets (£1.9 trillion) and liabilities (£1.8 trillion).
The UK government, which had acquired a majority share as part of the bailout, maintained control until 28 March 2022, with the stake managed by UK Government Investments. Since then, the government has gradually reduced its shareholding through various transactions.
NatWest Group is listed on major stock exchanges, including the London Stock Exchange and the New York Stock Exchange. For those interested in exploring a career with NatWest, the group offers myriad opportunities across its extensive network. Positions are available in various fields, including banking, finance, technology, and customer service, reflecting the company's commitment to innovation and excellence in the financial sector. NatWest Group's career prospects are aimed at individuals seeking to contribute to a dynamic, evolving landscape, emphasizing professional growth and development within a globally recognized banking institution.
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