Variable Compensation Manager

Location Manchester, United Kingdom

Job typePermanent \| Contract typeFull Time

Remote / On\-site Hybrid

You’ll spend some of your time at home, working with your team digitally. You’ll also regularly work at your office or hub to collaborate with your colleagues.

Managerial / Technical Lead

This is a general indication and doesn’t always reflect day\-to\-day responsibilities. Check the job description for full details.

\#R\-00279377

Job description
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This role is based in the United Kingdom and as such all normal working days must be carried out in the United Kingdom.

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

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

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

Here’s a quick look at what your pay package and annual leave could look like if you get accepted for the role. We have a wide range of benefits to support you in your working life and beyond.

Tap each segment for details.

Your pay package

80% Base pay This is the part your your pay package that you take home every month.

10% Pension funding 10% of your salary goes towards your pension every month.

10% Benefit funding 10% of your salary goes towards a range of benefits you can choose from.

Your leave allowance

30 days Annual leave You’ll also have the opportunity to purchase up to 5 additional days off.

3 days Volunteering Take time off to support the causes you’re passionate about.

3 days Training Take time to build the skills you need to grow your career.

Total rewards package

Welcome to our Spinningfields hub
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Spinningfields is Manchester’s leading leisure, retail, and business district and home to some of the most incredible architecture, restaurants, flagship stores, and bars the city has to offer.

Key facts:

• Space for 1,345 colleagues from various teams across the bank


• Our outdoor roof terrace has panoramic views of the city


• Opened in 2023

This listing is from indeed. View original listing ↗