Senior Reward Manager

  • Cirencester
  • 05/09/2022

Job Overview

Location
Cirencester
Date Posted:
05/09/2022

Additional Detail

Job ID
849
Job Views
139
Work Location
Remote and/or Onsite

Job Description

Location:       Cirencester/Hybrid (min.2 days p/wk in office)

We’re seeking a senior Reward professional to provide expertise and to deliver on aspects of the total reward strategy.  The role will have specific technical know-how and focus on share schemes for both SJP employees and SJP Partners (financial advisers).

Within this key senior role within our Reward dept, you act as a strategic partner to senior stakeholders across the business, building strong and effective relationships with those stakeholders.  The role holder must understand the strategic direction of the business and how this impacts the reward framework, being able to anticipate, help to design, embed and evolve the reward framework.

What you’ll be doing:

  • Owner of the share scheme strategy, responsible for delivery of the SJP Shares proposition, including education and communication of Restricted Share Plans (RSP), Performance Share Plans (PSP), Deferred Bonus Scheme (DBS), Share Incentive Plan (SIP) and Save as You Earn (SAYE) to employees across the business; and also Partner and Associate Partner Share Plans that apply to the SJP Partnership.
  • Owner of the SJP Shares Portal (hosted by Global Shares) including responsibility for overseeing maintenance and improvements to ensure a great employee experience using this platform.
  • Responsible for preparing financial modelling of the costs of SJP Share Plans and articulate costings and proposals to senior stakeholders and in Executive Board papers for review, consideration, and approval.
  • Own senior hire activity from a reward perspective, including share or bonus buyouts.
  • Own senior pay and benchmarking and remuneration review activity, including Director role evaluations and liaising with the Head of People Regulatory on Material Risk Taker (MRT) or Control Function approvals; and provision of data to RemCo.
  • Responsibility for the provision of statutory reward data for the CEO Pay Ratio and Directors Emoluments for the Annual Report & Accounts.
  • You’ll develop & deliver aspects of SJP’s Total Reward approach and offering (such as pay & grading management, benchmarking & divisional reward budgets), including ownership of specific reward projects (e.g. new share schemes) and liaising and coordinating with various departments across SJP to ensure timely delivery.
  • Supporting with the communication of aspects of the total reward strategy, particularly relating to shares and pay, to drive engagement and link to the SJP Cultural & Behavioral framework and to drive SJP’s performance culture.
  • Keep up to date with reward legislation and market trends to ensure SJP is compliant and competitive in respect to share schemes and statutory reward reporting.

Who we’re looking for:

Reward expertise is an essential skill and the role holder will have in-depth technical expertise and knowledge in:

  • Extensive experience in share scheme strategy.
  • Subject matter technical expert in employee share schemes (RSP, PSP, DBS, SIP & SAYE), SJP Partner share schemes and senior level benchmarking, hire activity and regulatory reward reporting & the ‘go to’ person for senior stakeholders on these topics.
  • The theory behind what we do in Reward, with expert technical know-how regarding share schemes, remuneration, senior pay and grading management.
  • Key reward practices and processes, relating to bonus schemes, pay management and grading, benchmarking.
  • Knowledge of reward platforms, particularly shares platforms.
  • Knowledge of best methods for communication of reward, particularly shares and remuneration.
  • Comprehensive knowledge of Reward & HR Law, Tax and Payroll practices.
  • HR system knowledge (BWO-Agresso desirable), Share Scheme platforms and Microsoft Office knowledge (excellent Excel skills).
  • Excellent data accuracy, numerical and advanced analysis skills.
  • Deep understanding the impact of reward projects and framework on other areas of the business.
  • Strong relationship management skills with the ability to communicate, influence and guide senior stakeholders and external parties (e.g. Global Shares, Willis Towers Watson, Xpert HR, PWC).
  • High level of communication skills with discretion, sensitivity and confidentiality upheld throughout.

 

In addition, you’ll work with Senior Stakeholders and provide data, prepare Executive Board and Remuneration Committee papers and obtain sign off from a Reward perspective, as well as being the conduit between Head of People Regulatory, Head of Reward and Company Secretariat on reward matters.

Flexible Working

We know that everyone works best in different ways, at different times and in different environments. We value all of our employees and appreciate that everyone is different, and at different stages within their career. Recognising this, we have introduced a hybrid working policy to provide greater flexibility for part-time work, job-sharing, remote working, and flexibility on hours. Our people are encouraged to work in a flexible way that suits their lifestyle, so please ask the question and start a conversation!

Research tells us that applicants (especially those from underrepresented groups) can be put off from applying for a role if they do not meet all the criteria or have been on an extended career-break. If you think you would be a good match for this role and can demonstrate some transferable experience please apply, regardless of whether you tick every box.

 

Why work for us?

Our Rewards

In addition to an attractive salary and eligibility to participate in the discretionary annual bonus opportunities, you will also receive an excellent benefit package including:

  • Non-Contributory Pension – 10% (increasing with length of service) with further pension matching 
  • *Meaningful protection benefits with real value, such as 10X life cover, PHI, and critical illness.
  • Best in class terms and conditions including 6 months paid maternity and paternity leave.
  • Private Medical and Dental Insurance 
  • 28 days holiday entitlement plus bank holidays (based on full-time equivalent) with the option to buy an additional up to 5 days
  • Discretionary bonus scheme dependent on company and personal performance, varied by level

*Not applicable to fixed term contracts (standard uplift applies in lieu of the protection benefits)

 

Our Culture

Our culture is the glue that binds us together - It’s one of our biggest assets and one of the biggest reasons for our success. It’s underpinned by core values of doing the right thing, being the best version of ourselves and investing in long term relationships.

We want to embrace diverse backgrounds and experiences to connect with clients, solve problems and innovate. We raise our voice on the things that matter to us and drive change from the front. Contributing to our inclusive culture is vital, ensuring a space for everyone to be their authentic self, no compromises.

In all we do, we consider how our work affects the communities in which we belong. Over 96% of our group employees are involved in supporting our communities through financial education, charitable giving and volunteering. Over 80% of all our employees and Partners donate each month to our Charitable Foundation, which is now the 3rd largest corporate charity in UK.

SJP are delighted to have signed The Armed Forces Covenant, and we are active members of LGBT Great, 30% club, The Diversity Project, Disability Confident and more! Find out more: https://www.sjp.co.uk/careers/life-at-sjp

 

Our Awards:

We understand it’s important to be proud of the company you work for, that’s why we’re proud to share with you some of our recent awards:

  • Wealth Manager of the Year – Growth Investor Awards 2021
  • Best Wealth Manager – Shares Awards 2021
  • Championing LGBTQ Inclusion - Financial Adviser Diversity in Finance Awards 2020
  • Top 75 Employer - Social Mobility Foundation Employer Index 2021

 

To find out more visit: https://www.sjp.co.uk/about-us/our-awards-and-recognition

We occasionally close vacancies early due to high volumes of applications. We would therefore recommend you complete your application prior to the closing date which is for guidance only.

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