Variable Compensation Manager

Join us as Variable Compensation Manager

• This is an opportunity for a driven individual to support us to achieve our strategic objectives
• We’ll look to you to provide subject matter expertise on variable pay policy, design, and delivery
• You’ll be driving the reward strategy and approach for the bank and delivering associated products and change projects
• You’ll contribute to the delivery of our reward agenda, and act as a champion for our products
• Joining a diverse and collaborative team, you can expect lots of variety in this fast-paced role
• This is a remote-first role with an expectation for you to go into the Edinburgh, London or Manchester office a minimum of 2 days per month to connect with your team

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
• A basic 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