Reward Business Partner

at  Virgin Money

Business Unit: HR & Communications
Salary range: £53,200 - £66,500 per annum DOE + red-hot benefits
Location: Remote - work from anywhere within the UK with occasional travel required to our Glasgow Hub.
Contract type: Permanent
Live for the weekday. Live a life more Virgin.
Our Team
As a Reward team, we’re small but mighty and have a key role to play in supporting the development of our employer brand. We do this by working in partnership with HR colleagues and business leaders to understand reward challenges and requirements and come up with solutions to enable the bank to achieve its objectives. We’re looking for a proactive and pragmatic Reward Business Partner with expert knowledge of job evaluation methodologies and organisational design principles together with a broad understanding of all aspects of reward. You’ll lead the Reward aspects of business restructures and re-organisations and be the go-to person for complex or contentious reward related queries.

What you’ll be doing

• Providing guidance across the bank on the interpretation and implementation of the Bank’s remuneration policies, balancing commercial, governance and financial considerations. Activities will span year-end cyclical and business as usual activities.
• Acting as the first point of contact for complex or contentious reward related queries
• Leading Reward aspects of role sizing, benchmarking, and organisational design work for business reorganisations, ensuring appropriate oversight and governance, whilst meeting project timelines
• As a Reward SME contributing to the development of new, or evolution of existing, remuneration solutions and related policies and processes
• Leading larger/more complex compensation related projects, or workstreams of larger programmes
• Acting as an initial escalation point for the Senior Reward Consultants and Senior Reward Analysts within the Reward Business Support team
• Providing oversight of and input to external and internal analysis, research, and benchmarking, to identify trends and best practice
• Coaching and mentoring colleagues to build their business consultancy skills and reward expertise, helping to develop a pool of potential successors
• Supporting wider projects, such as remuneration regulation compliance, executive remuneration, drafting of Remuneration Committee, Leadership Team and Board papers.

We need you to have

• Experience of reward business partnership, operating as a trusted and influential advisor to HR colleagues and business leaders, focusing on customer experience and stakeholder management.
• Broad knowledge of all aspects of reward including variable compensation, fixed pay, market data analysis and reward related solutions.
• Expert knowledge of job evaluation methodologies and organisational design principles, together with extensive experience of organisational restructuring
• Project management experience.
• Skilled in extracting data from a variety of sources; completing analysis and modelling and utilising the findings to inform decision making.
• Proficient in presenting data and providing commentary for a variety of stakeholders, including non-specialist audiences.
• A good understanding of the external regulatory and commercial environment, how it impacts our business and decision making.
• Specialist experience with excel.

It’s a bonus if you have but not essential

• Awareness of executive reward in a regulated environment so that you can support other members of the team

Red Hot Rewards

• Generous holidays - 38.5 days annual leave (including bank holidays and prorated if part-time) plus the option to buy more.
• Up to five extra paid well-being days per year.
• 20 weeks paid, gender-neutral family leave (52 weeks in total) for expectant parents and those looking to adopt.
• Market-leading pension.
• Free private medical cover, income protection and life assurance.
• Flexible benefits include Cycle to Work, wellness and health assessments, and critical illness.

And there’s no waiting around, you’ll enjoy these benefits from day one.
Feeling insatiably curious about this role? Apply as soon as you can. If we’re lucky to receive a lot of interest, we may close the advert early and would hate you to miss out.
We’re all about helping you Live a Life More Virgin, so happy to talk flexible working with you.
Say hello to Virgin Money
We’re making great strides towards achieving our ambition of becoming the UK’s best digital bank. As a full-service digital bank with a heritage stretching back over 180 years, we’re a workforce to be reckoned with, and we’re putting the full power of our experience behind disruptive ideas that reinvent the role a bank plays in people’s lives. We’re customer-obsessed and work tirelessly to deliver on our purpose, ‘Making You Happier About Money.’ This means we’re able to do banking differently, and by innovating and working together we can make a real difference by creating memorable moments and red-hot experiences for our millions of customers. Join us and Live a Life More Virgin that empowers you with choice and flexibility in how you work.
Be yourself at Virgin Money
Our purpose is to make people happier about money, this means seeing and feeling the world as our customers do by creating a workforce that reflects the rich diversity of our customers and communities. We’re committed to creating an inclusive culture where colleagues feel safe and inspired to contribute, speak up and be heard.
As a Disability Confident Leader, we’re committed to removing any obstacles to inclusion. If you need any reasonable adjustments or support making your application, contact our Talent Acquisition team careers@virginmoney.com
Now the legal bit
Living A Life More Virgin allows our colleagues to be based anywhere in the UK (if the role allows it), but we’ll need you to confirm you have the right to work in the UK.
If you’re successful in securing a role with us, there are some checks you need to complete before starting. These include credit and criminal record checks and three years’ worth of satisfactory references. If the role is part of the Senior Manager Regime and Certification Regime, it requires enhanced pre-employment checks – we’ll ask for six years of regulatory references, and once in the role, you’ll be subject to periodic employment checks

• Providing guidance across the bank on the interpretation and implementation of the Bank’s remuneration policies, balancing commercial, governance and financial considerations. Activities will span year-end cyclical and business as usual activities.
• Acting as the first point of contact for complex or contentious reward related queries
• Leading Reward aspects of role sizing, benchmarking, and organisational design work for business reorganisations, ensuring appropriate oversight and governance, whilst meeting project timelines
• As a Reward SME contributing to the development of new, or evolution of existing, remuneration solutions and related policies and processes
• Leading larger/more complex compensation related projects, or workstreams of larger programmes
• Acting as an initial escalation point for the Senior Reward Consultants and Senior Reward Analysts within the Reward Business Support team
• Providing oversight of and input to external and internal analysis, research, and benchmarking, to identify trends and best practice
• Coaching and mentoring colleagues to build their business consultancy skills and reward expertise, helping to develop a pool of potential successors
• Supporting wider projects, such as remuneration regulation compliance, executive remuneration, drafting of Remuneration Committee, Leadership Team and Board papers