Senior Compensation Manager - Performance

City of London Permanent
  • Join a growing Financial Services firm with an international footprint.
  • A Pivotal and Influencing role reporting into the Head of Reward

About Our Client

Our Client delivers award-winning fund and corporate services to the alternative assets industry from key onshore and offshore jurisdictions such as The Crown Dependencies (including Jersey), Luxembourg, Ireland, the United States, and the United Kingdom.

Job Description

Working with the Head of Reward, this position (Senior Compensation Manager - Performance) will play a pivotal role in developing and implementing performance strategies that align with the organisation's goals. Your primary responsibility will be to design and manage incentive and recognition programs, fostering a culture of high performance:

  • Develop and implement performance management strategies to enhance organisational effectiveness and efficiency.
  • Assist the Head of Reward with compensation elements of RemCo papers.
  • Collaborate with key stakeholders to ensure alignment of performance initiatives with overall business objectives.
  • Design and oversee transparent and consistent performance evaluation processes.
  • Create and manage both annual and long term incentive programs to motivate and reward high-performing individuals and teams.
  • Develop recognition programs to celebrate and acknowledge outstanding achievements.
  • Analyse performance data to identify trends and provide insights for continuous improvement including the easement of ROI of C&B expenditure.
  • Collaborate with HR partners to integrate performance initiatives into broader talent management strategies.
  • Communicate performance expectations and initiatives clearly to all levels within the organisation.
  • Stay informed about industry best practices and trends in performance management.
  • Drive a culture of accountability, continuous improvement, and innovation through performance strategies.
  • Work with the wider team to ensure delivery of the group's reward agenda.

The Successful Applicant

The successful Senior Compensation Manager - Performance applicant will likely hold the following experience.

  • Proven experience in delivering performance management solutions, with a focus on strategy development and implementation.
  • Familiarity with both long and short term incentive program design, including knowledge of share plans and recognition practices, is essential.
  • Proven analytical and data interpretation skills.
  • Multi-jurisdictional experience is a must, ideally from within the banking/financial services sector but this can be flexed if the canidate has a wealth of out of sector experience.
  • Proven ability to collaborate with cross-functional teams and influence stakeholders at all levels.
  • Awareness of global tax laws and implications on plan design is required.
  • Demonstrated ability to drive and deliver results in a dynamic and fast-paced, growing organisation ideally of 1,000's + employee numbers.
  • Previous experience of working with survey providers (WTW, Maclagan) and building networks.
  • Excellent communication skills, both written and verbal, together with strong interpersonal skills.
  • Excellent attention to detail and accuracy in managing compensation data is needed.
  • Experience of Workday or similar HR software desirable.

What's on Offer

The successful Senior Compensation Manager - Performance applicant will enjoy a competitive Salary , STIP and LTIP and the chance to work in a Hybrid fashion across the home, South East and London offices.

Contact
Alexander Vann
Quote job ref
JN-032024-6353897

Job summary

Function
Human Resources
Subsector
Human Resources Subsector
Industry
Financial Services
Location
City of London
Contract type
Permanent
Consultant name
Alexander Vann
Job reference
JN-032024-6353897

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