Head of Reward Global Asset Management Institutional Retirement

To lead advisory and technical policy support to L&G Global Asset Management & Institutional Retirement regarding all reward matters reporting and practices in accordance with Group policies and regulatory requirements. This also includes planning and executing the annual reward processes projects other activities including hiring promotions and terminations.

This role also includes providing reward advisory for the Private Markets business within Asset Management which is pursuing a growing presence in the international markets in particular in the US.

Principal accountabilities:

Support the Senior Leaders across L&G Global Asset Management & Institutional Retirement regarding all remuneration issues and requests including developing reward strategies to incentivise reward and retain employees working with the divisional HR Director and other key persons to implement an effective reward strategy in line with requirements.

Supporting HR Business Partners and Talent Acquisition team with benchmarking requests and preparing recommendations for any adjustments to pay and/or pay opportunity new hire packages offer construction buyouts and preparation of proposals in line with company strategy & requirements.

Manage the annual reward processes for the L&G Global Asset Management & Institutional Retirement division including base pay reviews annual bonus determination and longterm incentive awards including budget Coordinating with divisional business heads and HR implementing and communicating reward outcomes. determination based on benchmarking analysis business performance and Group constraints adhering to Groupwide reward processes and timelines.

Assist in ensuring compliance with remuneration policies and regulatory requirements including coordinating and managing the divisional Reward Steering Committee and undertaking evaluation and preparing compliance reports (e.g. Code Staff equal pay etc.

Development implementation and oversight of Private markets specific remuneration plans in particular Carried Interest and associated Coinvestment plans.

Maintain global focus ensuring Reward design and is designed positioned (in terms of communication and understanding) and executed in line with global policy but with respect given to country specific nuances (including regulatory obligations).

Maintain close working relationship with Division Finance Teams to help inform and guide Reward Design and (including helping to design effective remuneration structures and drive appropriate differentiation of reward outcomes).

Qualifications :

CIPD or significant reward experience in Financial Services (specifically Asset Management and potentially although not obligatory experience in the Pension Risk Transfer business)

• Comprehensive modelling and analysis skills using multiple data sources
• IT skills including MS Excel MS PowerPoint and MS Outlook required
• Able to guide and influence effectively with ability to judge when to challenge
• Broad and deep knowledge/experience in Asset Management including Private Markets (Carried Interest plans) remuneration including the UK and European reward regulatory environment/requirements (MiFIDPru AIFMD UCITs)
• Experience in dealing with internationally mobile employees

• Extensive experience in working in Reward for a large organisation
• Financial Services Asset Management experience essential including contributing to the requirements of annual fund reporting disclosures for the Asset Management business.
• Advanced understanding of remuneration plans (both cash deferred share and fund based) and associated terminology
• Proven skills in stakeholder management planning writing clear and simple papers for leadership team and Board level consumption with proven communication and influencing ability as well as track record of driving continuous improvement in process (and technology where required).

Remote Work :

No

Employment Type :

Fulltime