Variable Compensation Manager

Overview

In this role you will shape and deliver the bank’s variable pay strategy. You will provide expert guidance on policy, design, and delivery of variable remuneration and lead reward-related projects. You’ll work closely with the Reward team and stakeholders to close policy gaps, simplify processes, and align solutions with the business model. This fast-paced, collaborative environment offers an opportunity to impact governance, communications, and bank-wide reward initiatives. You will drive meaningful improvements in how we reward and report performance.

Responsibilities

• Deliver variable compensation products and improvements with a focus on policy gaps and necessary modifications
• Lead delivery of reward projects and bank-wide initiatives
• Provide technical expertise on reward processes and stakeholder management
• Develop and coach project resources and manage cross-functional teams
• Draft executive-facing papers with diagnostics and insights on variable compensation
• Build understanding of business requirements and operating model to tailor solutions
• Maintain market intelligence and advocate improvements based on trends

Key requirements

• Expert knowledge of variable compensation, regulatory reward and governance practices
• Experience coaching and strong communication skills
• Banking industry experience in regulatory and commercial environment
• Knowledge of variable pay delivery, including communications, tax implications, and financial reporting
• Statistical knowledge and attention to detail
• Knowledge of tax rules related to reward structuring
• Advanced Microsoft Office skills (Excel, Word, PowerPoint)
• Programme or project management skills
• Ability to assimilate information quickly and work independently
• strong communication
• coaching and mentoring
• stakeholder management
• variable compensation delivery
• governance and regulatory practices
• statistical analysis

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