The Reward team is a newly established part of our People function, dedicated to helping the Bank attract, motivate, and retain its workforce. With an ambitious people transformation agenda underway, this is an exciting opportunity to join the Bank and play a key role in shaping and executing an updated reward strategy.

The team is tasked with developing our reward and benefits strategy and delivering frameworks that promote a high-performance culture, support the people transformation agenda, and enhance employee retention.

The primary purpose of this role is to collaborate with the Reward Director in managing reward and benefit programs that support effective recruitment and engagement of employees, aligning with the Group''s People vision to become an employer of choice.

The role holder will serve as a subject matter expert on all reward-related topics, collaborating closely with the Reward Director and the broader People team. This would be inclusive of complying with relevant financial services remuneration regulations.

A significant part of the role involves contributing to the development of the Group''s culture and people transformation agenda by helping to design and implement innovative frameworks that promote a high-performance culture and aid in retaining key talent.

Developing a Reward and Benefits Strategy that fosters a high-performance culture, addresses the current and future needs of the business, whilst remaining financially sustainable, and attracts and retains top talentAiding the Reward Director in statutory reporting by drafting the Directors'' Remuneration Report for the Annual Report and Accounts, compiling necessary information such as emolument statements and approvalsWorking closely with the Company Secretariat team to administer employee share schemes, including drafting and reviewing plan rules and managing grants, vestings, minimum holdings, exercises, lapses, and communications related to share-based incentivesPartner with the Reward Director to manage the annual Compensation Review process for salary increases and discretionary bonusesWorking alongside Payroll to calculate the annual Gender Pay Gap (GPG) and CEO Pay Ratio, preparing related documentation for review and approval by the Remuneration CommitteeManaging the administration and vendor management of UK employee benefits, maintaining proactive relationships with brokers and intermediaries, ensuring timely and accurate policy renewals, and negotiating to secure best value for the GroupDeveloping and delivering regular, clear, and engaging communications about reward and benefits to Line Managers and employeesThis role can be based in London, Wolverhampton or Chatham in Kent with an element of travel involved to other locations

We offer a base salary dependent on experience between £90,000 - £100,000 and a competitive benefits package including:- Discretionary annual bonus opportunity of up to 25%-30 days annual leave plus bank holidays- Contributory pension (8% employer 5% employee)- Life Assurance (4x salary) plus Group Income Protection- Access to Private Medical Insurance and Medical Cash Plan

- Additional benefits such as Hybrid working, Cycle Purchase scheme, Technology Purchase scheme, Season Ticket Loan, Holiday purchase / sell schemes, Employee Perk Portals, Payroll giving and Save as you Earn scheme

Our Purpose is to help our customers, colleagues and communities prosper and we are on a transformation journey to become ''the bank of the future''.

Our commitment to professional development, flexible working, and employee well-being fosters a dynamic and supportive workplace.

Proven experience in a specialist Reward or Compensation and Benefits role within Financial Services, including:Managing or supporting compensation-related activities such as remuneration committee matters, annual compensation reviews and the design of compensation schemesConducting thorough job evaluations and delivering salary benchmarking data using recognized external methodologies- Experience within financial services or providing advisory services to financial services clients from a consulting perspective will be essential for success in this role.

Shortlisted candidates will go through a personalised recruitment process, that is relevant and conversational - inclusive any individual reasonable support required. Diversity, Equity and Inclusion

We champion diversity at all levels, with Board-level Diversity Champions tracking our progress. We are proud to be signed up to the Women in Finance Charter to actively support the growth and development of senior women in our sector and are dedicated to treating all our employees and job applicants equally, opposed to discrimination on any grounds.