Senior Manager, Total Rewards & Benefits

Salary Range: $185,000 - $245,000 Responsibilities Effectively lead and manage the Reward function across all areas, including payroll, compensation planning, benefits and pensions. Lead, develop and implement processes to deliver group policy aligned to own area. Provide technical support and interpretation of legal, regulatory and statutory requirements of all aspects of pay and reward to senior management. Liaise closely with counterparts across the Group and external providers/consultants to obtain/exchange information, identify and implement best practices. Identify and use HR management information to help the business make informed decisions by undertaking analysis to identify issues and recommend solutions. Provide coaching and counsel to employees at all levels on total reward. Ensure process flows are developed and maintained. Deliver professional/specialist expertise and input into the development and implementation of the Reward policy and delivery. Contribute to the development of medium‑term operational plans and implement plans specific to supported business areas. Influence, develop and motivate colleagues, creating a high performing team that will deliver business objectives. Engage with stakeholders, providing guidance, advice and challenge in order to support the delivery of LBG values and behaviours. Develop a network of colleagues and external advisers, keeping abreast of benchmark practice in order to influence policy and local strategy development. Identify and facilitate pay and reward policies and approaches. Direct the Pay and Reward team to achieve behavioural change and continuous improvement. Specify content for materials that facilitate effective communication and implementation of HR policy. Review and evaluate all decisions to identify and ensure all risks (financial, people, regulatory and operational) are managed and mitigated effectively. Provide guidance on the Group Pay, Group Remuneration Governance Policy and the relationship between risk, performance and pay and reward, and identify various remuneration risks and the principles of malus. Provide guidance on pay policies and procedures, including equal pay principles. Interpret external salary benchmarking data and contribute to salary survey submissions. Understand how LBG's pay and reward principles and practices compare with external practices and structures. Have detailed understanding of bonus policies and procedures, including deferral, and understand the link between performance and reward. Demonstrate knowledge of competitor activity, industry best practice, tax treatment for pay, bonus, share plans, pensions, benefits and how the total reward offering engages and motivates colleagues. Set agenda for Pension Committee meetings, prepare minutes, and follow up on all decisions made. Liaise and obtain approval from UK Group Pensions UK on all pensions matters, proposals, projects, etc. Proficient usage of HR and reward systems, with good understanding of the data requirements. Use and manipulate spreadsheets, produce formatted charts and advanced formulas and pivot tables to support the role. Develop and maintain effective relationships with business areas including the exchange of information in order to identify current and future HR‑related requirements. Contribute towards the overall Human Resources strategy plan and periodic plan reviews ensuring consistency with business requirements and bank policy. Develop and continue to grow close working relationships with HR counterparts across the Group on an international basis. Meet Internal & External audit requirements. Responsible for knowing, understanding and complying with all bank and governmental rules and regulations that apply to the role. Responsible for reporting to the Chief Risk Officer or to the Head of Compliance any non‑compliance with Lloyds Banking Group or governmental rules or regulations that may arise. Qualifications Minimum 5‑7 years experience as a Compensation and Benefits Specialist or a similar role, with expertise in US compensation and benefits practices. Banking or financial institution experience preferred. Relevant certifications in compensation and benefits a plus. Bachelor’s degree required. Strong experience in HR operations covering payroll, benefits and pension governance. In‑depth knowledge of US employment laws, regulations and tax requirements related to compensation and benefits. Strong understanding of compensation practices, including salary benchmarking, job evaluation, and pay structure design. Experience managing employee benefits programs, including pension schemes, healthcare plans, voluntary benefits and payroll. Proven ability to partner with finance, vendors, HR colleagues and senior business leaders. Proficiency in using compensation and benefits survey data and analytical tools. Excellent analytical and problem‑solving skills, with the ability to interpret and analyse complex compensation and benefits data. Strong attention to detail and accuracy in managing compensation and benefits processes. Excellent communication and strong interpersonal skills to collaborate with stakeholders at all levels. Strong project management skills to manage multiple tasks, priorities and deadlines. Proficient in using MS Office applications, especially Excel, for data analysis and reporting. Understanding of HRIS systems and their integration with compensation and benefits processes. Continuous learning mindset to stay updated with changes in compensation and benefits practices, laws and regulations. Proven ability to work well in a fast‑paced, team environment. Managing internal and external relationships. Initiative and sound judgment. #J-18808-Ljbffr Lloyds Bank plc