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VP, Reward Partner
NatWest Group. Sponsor projects to drive changes to pay constructs or meet regulatory requirements .
Core Competencies
Role fitCore Competencies
Use this summary to align your resume positioning with the role.
Demonstrates extensive expertise in compensation and benefits, with a strong focus on regulatory compliance, market analysis, and stakeholder management. Capable of providing strategic insights and governance in remuneration design and employee relations.
Highest-signal resume keywords
Compensation And Benefits ExpertiseRegulatory Reward PracticesMarket Data AnalysisStakeholder ManagementHR Theories And Best Practices
ATS Keywords
Tailor your resumeApplicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills
Compensation AnalysisRemuneration DesignFinancial PlanningForecastingData CollationPolicy GuidanceReward BenchmarkingGovernance PracticesEmployee Relations ManagementSeverance Approval Processes
Soft Skills
Analytical SkillsAbility To Derive Actionable Insights
Industry Keywords
Banking EnvironmentRegulatory ComplianceCommercial EnvironmentAttraction And RetentionEmployee Value Proposition (EVP)Legal PoliciesRisk Management
About the role
Key responsibilities & impact- Sponsor projects to drive changes to pay constructs or meet regulatory requirements
- Provide expert support, technical advice and frameworks for business areas with a high volume of compensation constructs
- Advise on appropriate pay constructs
- Collate and analyse market data
- Support business cases
- Provide advice on exit packages, annual pay review and bonus processes, remuneration design, policy guidance and reward benchmarking
- Develop pay constructs balancing fixed and variable pay across the bank
- Work with business heads to design fixed pay constructs, including pensions and benefits provision
- Co-sponsor the annual pay review process
- Provide HR ExCo and bank-wide leaders with expert diagnostic insights and challenge regarding compensation
- Govern compensation approval requests and severance approval requests processes
- Work with colleagues to manage employee relations for Reward items with social partners
- Manage delivery against financial plans and budgets, including forecasting, resource allocation and prioritisation
Requirements
What you’ll need- At least twelve years of experience in compensation and benefits
- Experience gained in a banking, regulatory or commercial environment
- Knowledge and application of HR theories, models and best practices
- Expert knowledge of compensation, regulatory reward and governance practices and their application
- Knowledge of regulations and how they apply to reward and benefit structures
- Understanding of attraction and retention and how that interplays with Reward and EVP
- Analytical skills
- Stakeholder management
- Ability to derive actionable insights
- Knowledge of relevant legal policies, regulations and risk management
Benefits
Comp & perks- Pensions and benefits provision
- Annual pay review and bonus process
- Fixed and variable pay constructs