Reward Manager

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Your Job

The Reward Manager is responsible for:

• Working with Senior Management and Head Office to implement the Reward strategy for ABN AMRO in the UK noting that Compensation is primarily lead from Head Office and Benefits locally in the UK by this role
• Maintaining working knowledge of UK regulatory requirements as they relate to Reward and sharing that knowledge with NL Reward and Senior Management
• Taking ownership for the local reward process
• Implementing a structure to ensure appropriate governance and control in all financial related HR activities
• Direct line management Payroll and Benefits Administrator

• Work with Procurement and the Country Head of HR to lead the selection and management of third party suppliers relating to the Reward function.
• Manage the annual processing and evaluation of the Bank’s benefits portfolio as well as an ad hoc scheme changes that are required, adhering to delivery and communication timetables.
• Overall responsibility for the day-to-day running of the benefits administration
• Ensure the schemes premiums are paid in a timely manner.
• Work alongside 3rd party benefit administrator/advisors and manage ongoing relationships

• Take ownership of the local reward process including payroll, job harmonisation, salary and benefits benchmarking and survey activity. In conjunction with the Country Head of HR, manage the annual salary and bonus reviews.
• Prepare salary/benefits cost for annual budget
• Monitoring and monthly reconciliation of all HR related suspense accounts e.g. pension brokerage, pensions, expats, payroll, tax, loans etc. Ensuring that reconciliations are signed off on a monthly basis
• Preparing monthly analysis of the HR management account for the HR Director of actual costs versus budgeted costs, including commentary on the differences.

• Overall responsibility for the payroll process. Ensuring payroll information is sent to the external payroll provider on a timely basis (and in line with strict authorisation controls), payroll is checked and the salary account is funded to ensure that salary payments can be made.
• Ensure payroll submissions are accurate, and be accountable for its accuracy
• Ensure all changes are entered accurately and in a timely basis on the payroll database
• Responsible for ensuring that all payroll transactions are recharged to the appropriate cost centre and that the uploading process is in line with the appropriate controls.
• Ensure all EXPAT invoices made through account payable are grossed up through payroll
• Ensure all EXPAT EURO payments are made through HSBC in a timely manner
• Maintain/monitor relationship with payroll provider

• Ensure all new joiners pension are processed correctly on payroll
• Reconcile the monthly pension contributions before payroll is finalised.
• Ensure monthly payments are loaded into the Aegon site for payment
• Coordinate Pension Governance meetings on a quarterly basis

Policy and Governance
• Manage the reward aspect of all people policies, ensuring standard Terms & Conditions and other relevant contractual documents are maintained
• Ensure all regulatory requirements relating to reward are adhered to
• Ensure that team are adequately trained on all processes and that SOPs are kept up to date.
• Assist the HR team to streamline and automate processes
• Managing the team responsibility for all financial, reporting and benefit related HR activities,

• Ensure that monthly analysis reports (such as turnover, headcount, vacancy, sickness) and ad-hoc reports are delivered as required
• Ensure delivery of monthly headcount reports
• Proactively review and propose reporting that might better support the business on an ongoing basis

Annual HR Activities
• Tax year end administration
• Preparation of P11ds for all employees
• Class 1A NIC contribution calculation and payment
• Liaise with the tax department re PSA calculations and payments
• Calculate directors emoluments for auditors
• Renewal of flexible benefits programme
• Review all Compensation and Benefits processes to ensure they are compliant and up to date

• Work with NL to support the upgrade of the HRIS, ensuring the UK derives maximum benefit from the HRIS and other relevant systems
• Ad-hoc projects as required

Management and Leadership
• Effective management of the Payroll Assistant
• Promote a culture of good conduct by demonstrating and communicating the expected levels of behaviour and integrity through role modelling, ensuring adherence to Company policies and procedures and encouraging a speak up culture, compliance and completion of all mandatory/regulatory training courses, including but not limited to SHARP

Your working environment

ABN AMRO is an enterprising bank with a primary focus on Northwest Europe. We serve clients in the retail, private banking and corporate banking sectors. We are also present internationally in a number of specialist activities, such as Corporate and Commercial Banking, Asset Based Finance and Clearing.

At ABN AMRO we have a clear purpose: Banking for better, for generations to come. The shift towards sustainability is one of the most important challenges of our time. Supporting our clients at times that matter has always been our role and our responsibility. Together, we aim high and work towards lasting relationships that are relevant and responsible, both now and in the future. We want to be the bank that leads the way.
Our strategy goes far beyond financial value: we want to accelerate the transition to sustainability. We do this by supporting and advising our clients in order to facilitate their sustainability shift. Our commitment to clients, employees, investors and society calls for clear direction, focus and dedication.

We concentrate on our three strategic pillars:

• Support our clients’ transition to sustainability
• Reinvent the customer experience
• Build a future-proof bank

Our strategy requires a culture of working together and permanent learning. It’s only with this mindset that we unleash the best in ourselves to deliver a high standard of performance. ABN AMRO’s culture is the catalyst for the evolution in which we find ourselves: our people are imaginative, trust each other and do just that little bit extra to help clients.

ABN AMRO UK is part of the Corporate Banking business line and operates the following businesses in the UK:

• Corporate and Institutional Banking which includes Corporate Banking, Clearing, Global Markets - Sales & Trading and Financial Institutions
• Commercial Banking which includes Asset Based Finance and International Desk, which provides transactional banking services

Our business lines are supported by a number of functions such as Risk, Compliance, Legal, IT, Finance (Including Tax), Business Management and Human Resources. We currently employ approx. 380 people in the UK.

Your profile

• Solid experience as a Reward professional
• Experience within Financial Services
• Professional manner at all times, with a good ability to interact with all levels of management, staff and suppliers
• Excellent analytical skills, ability to work in detail and also see the bigger picture
• Excellent knowledge of Excel and other Microsoft Office products
• Good working knowledge of HR systems and the administration around this
• Experience of liaising with external service providers for HR, pension and flex benefits in particular
• Strong understanding of HMRC and regulator rules/requirements
• Able to respond quickly and patiently to requests from the business
• It is vital that the job holder has a methodical and organised approach to their work and is very deadline focused
• High level of negotiation and persuasion skills

What we offer

Joining ABN AMRO means working on meaningful projects. Projects that have an impact on our clients. Working with a wide range of people with different backgrounds, opinions and ideas. In the UK, in the Netherlands or elsewhere in our international network. We offer an environment where you will be challenged on a daily basis - professionally as well as on a personal level - so that you can grow to become the professional you want to be.

We have identified that the following types of flexible working may be suitable for this role in principle.

Any requests will be determined in line with our Flexible Working Policy:

Type of Flexible Working Likely to be suitable
Remote Working Hybrid 2-3 days in office
Part time Yes
Flexitime Yes
Staggered hours Yes


Are you interested? Please apply via the button below.

For more information please contact Niki Champion, Senior Resourcing Partner,, +44 203 192 9342.

Vacature informatie

Organisatie: ABN AMRO

Locatie: Londen

Opleidingsniveau: WO

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