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Job Vacancy Details

Compensation & Benefits Manager

Investment Banking

City

Temp ⁄ FTC - 6 Months - £600+ per day

Updated July 7, 2008

1. Management of the Compensation Benefits and Services team to ensure accurate and timely delivery of objectives and project deliverables to HR and business. Liaise directly with senior management within the company on compensation issues and projects, providing recommendation for adoption.

2. Develop a strong relationship with the Compensation team in Paris to facilitate introduction of Global projects and joint working practices.

3. Facilitate the management of the various company Pension schemes, attending Trustee meetings and ensuring the Bank's Pensions Committee is well advised on current and new developments. Monitor the delivery of the Banks advisers and suppliers for quality of service.

4. Support the Bank's delivery of compensation issues, in particular the annual salary and bonus review and delivery of the benchmarking information from external suppliers. Undertake research and analysis of specific projects both internally and externally developing a core network of contacts.

5. Manage the Tax and Operations unit, ensuring all tax and accounting requirements are met and both the local and expatriate payroll operations run smoothly.

6. Work with the Finance department in delivering the HR element of the annual Budget process and in reconciling accruals and payments for people related costs.

7. Support the delivery of non-cash benefits within the business, identifying strategy, appropriate elements and suppliers and ensuring quality of delivery. Manage the contract renewal with external suppliers.

8. Manage and direct the Data Management Unit, identifying the core processes, and ensuring accuracy of data. Improve the delivery of data analysis by identifying key data trends and effective presentation

9. Lead, facilitate and support specific HR projects, e.g. harmonisation of overtime. Ensure policies and processes affected by changes are updated and maintained.

Management & Reporting
Responsible for a team of managers and specialists covering payroll, tax, accounting, pensions, compensation, benefits and data administration.
Key Internal Contacts
Senior management, HR Generalists, Finance Department, IT Department, Head of Global Compensation in Paris
Key External Contacts
Suppliers of HR services
Pension Trustees
Financial Performance & KPI
The performance of the incumbent will be measured across a wide variety of hard and and soft KPI.

Who we're looking for
Qualifications/Education Required:
Degree level

Experience Required:
Experience within a compensation and benefits function
Experience of managing diverse teams
Track record in leading cross-functional projects

Specialist Training Required

Access and Excel knowledge

Understanding of Pensions legislation and requirements
Approved Person Registration

Competencies Required:
Numeracy and attention to detail.
Ability to prioritise

Skills & Knowledge Requirements
Written and verbal communication skills
Negotiation skills
Project management skills