Senior Reward Consultant

Business Unit: HR & Communications
Salary Range: £44,800 - £67,200 per annum + red-hot benefits
Location: Remote - work from anywhere within the UK with occasional travel required to our Glasgow Hub.
Contract Type: 1 x Permanent & 1 x Fixed Term Contract (12 months)

Live to challenge the status quo. 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 Senior Reward Consultant looking to further develop their career within reward. Using your consulting, analytical and problem-solving skills, you’ll work with the Reward Business Partner and HR Business Partners to help develop solutions.  

What you’ll be doing

• Engaging with stakeholders and working in partnership with HR and business colleagues on organisational design activities including role sizing and associated salary proposals.  
• Taking the lead on aspects of the cyclical reward activities such as salary and bonus review, supporting on development of pay design options and ensuring that critical deadlines are met.
• Providing guidance on the interpretation and implementation of the Bank’s remuneration policies.
• Working in partnership with the employee relations team and HR to review policies on a cyclical basis.
• Providing predictive insights which contribute to the design of reward solutions which are aligned to business goals and support the Bank’s recruitment, retention and motivation of its people
• Producing high quality analytics, undertaking research work on remuneration best practice to support critical HR projects and business as usual regulatory and management remuneration reporting.

We need you to have

• Experience of job evaluation (Hay or Willis Towers Watson) and market benchmarking.
• Great excel and numeracy skills – extensive experience in analytical and reporting capabilities, especially within a reward environment.
• Proficient in being able to distil data from multiple sources and being able to tell a story from the data which can be used by a variety of stakeholders.
• Proven relationship management skills
• Strong project management experience
• Great teamwork and collaboration skills – we’re a small kind team and there are times when we all need to roll our sleeves up and help each other out.

It’s a bonus if you have but not essential

• An understanding of Reward in a Financial Services environment (i.e. regulatory reward considerations)

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? 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

It’s important to note that there may be occasions where it’s not possible to interview all candidates declaring a disability who meet the essential criteria for the job. In certain recruitment situations such as receiving a high-volume of applications, we may need to limit the overall numbers of interviews offered to both disabled and non-disabled applicants. 

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.