Compensation Business Partner - 6 month contract
About Schroders
We're a global investment manager. We help institutions, intermediaries and individuals around the world invest money to meet their goals, fulfil their ambitions, and prepare for the future.
We have around 6,000 people on six continents. And we've been around for over 200 years, but keep adapting as society and technology changes. What doesn't change is our commitment to helping our clients, and society, prosper.
The base
We moved into our new HQ in the City of London in 2018. We're close to our clients, in the heart of the UK's financial centre. And we have everything we need to work flexibly.
The team
The People & Culture team is dedicated to maximising the return on Schroders' investment in its people. This is achieved through the development and implementation of policies and practices that attract, reward, and retain high-quality employees. The Compensation & Analytics team supports all lines of business providing advice, guidance, and support for all compensation activities in close partnership with the Business Partner team.
Who we're looking for
We are looking for a Compensation Business Partner to support the execution of compensation activities for our corporate functions during the upcoming compensation review. Additionally, you will drive the exploration and initial design stages of a job architecture within the organisation. These responsibilities are crucial as we consider the introduction of a target bonus approach within certain parts of our business.
Compensation Support
- Provide strategic compensation advisory support on all compensation issues, including compensation approach and structure, market trends, and performance assessment;
- Be a trusted compensation partner to the leadership teams of the corporate functions;
- Take a lead on the operational aspects of the compensation review in respect of our corporate functions, partnering closely with People & Culture colleagues, including the Business Partner team;
- Leverage our bespoke data analytics to ensure compensation proposals reflect our Fair Pay for Performance framework;
- Participate in the set-up, testing, and administration of the compensation systems used within the team.
Job Architecture Development
- Conduct field research within various business areas to understand existing informal job structures, hierarchies, and architectures;
- Synthesise information gathered from this research and integrate it with data on historical bonus outcomes and market positioning;
- Explore and outline a potential firm-wide job architecture going forward;
- Develop indicative bonus target structure for employees in these business areas.
The knowledge, experience and qualifications you need
- Proven track record of leading and delivering reward-related projects;
- Strong project management skills, particularly in job architecture or similar initiatives;
- Strong teamwork skills and ability to influence senior management, working openly and collaboratively while maintaining the confidence to challenge the status quo professionally;
- Excellent interpersonal and communication skills;
- Resilience, adaptability, and the ability to manage changing business requirements;
- Advanced Excel and data analysis skills, with the ability to present data in a clear and understandable manner;
- Experience in leading the year-end compensation process for a significant business unit.
The knowledge, experience and qualifications that will help
- Experience with financial services remuneration regulations, particularly European regulations for asset management;
- Experience with compensation and analytics systems (e.g., Oracle Fusion, Anaplan);
- Knowledge and experience with deferred compensation programmes;
- Sound generalist knowledge of People & Culture practices and processes;
- Experience with design and implementation of job architectures.
We recognise potential, whoever you are
Our purpose is to provide excellent investment performance to clients through active management. Diversity of thought, facilitated by an inclusive culture, will allow us to make better decisions and better achieve our purpose. This is why inclusion and diversity are a strategic priority for us and why we are an equal opportunities employer. You are welcome here, regardless of your age, disability, gender identity, religious beliefs, sexual orientation, socio-economic background, or any other protected characteristic.
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