Head of Rewards
4 days ago
Peterborough
We’re partnering with a large, UK-based organisation operating at significant scale within a regulated, customer-focused environment. The business delivers critical operational and administrative services that support major institutions behind the scenes. Following a period of change, the organisation is now investing heavily in its people strategy -creating an exciting opportunity for an experienced Head of Reward to build and lead a modern, scalable reward function from the ground up. This is a high-impact senior leadership role with responsibility for defining and delivering a group-wide reward strategy while leading a multi-year transformation programme. Key Responsibilities: • Define and deliver a reward strategy aligned to business and people priorities, • Develop and execute a multi-year transformation roadmap, • Balance ambition with cost and operational constraints, • Design and implement pay ranges and progression frameworks, • Shape communication to support trust and engagement Reward Transformation • Review and modernise legacy reward structures and terms, • Design and implement:, • Incentive and variable pay schemes, • Benefits strategy and offering, • Recognition frameworks, • Identify and implement appropriate reward technology solutions Stakeholder & Commercial Leadership • Influence at Executive and senior leadership level, • Partner closely with HR, operations, and external providers, • Build robust, ROI-driven investment cases Team Leadership • Lead and develop a small but capable reward team, • Elevate the function from operational delivery to strategic impact Key Priorities (First 6 Months) • Take ownership of the pay transparency programme, • Conduct a full reward diagnostic, • Define the reward strategy and transformation roadmap, • Build strong stakeholder relationships across the business, • Deliver quick wins alongside longer-term change Experience • Senior Reward leader (Head of Reward or equivalent), • Proven experience delivering reward transformation, • Strong expertise in:, • Pay frameworks and transparency, • Incentives and variable pay, • Benefits modernisation, • Experience in complex and/or regulated environments Skills & Capabilities • Strong commercial mindset with focus on ROI, • Ability to define strategy and execute delivery, • Excellent stakeholder management at Exec level, • Comfortable working within constrained budgets Personal Attributes • Resilient, pragmatic and delivery-focused, • Comfortable operating in ambiguity, • Strong communicator with the ability to influence at all levels Package: Up to £125,000 + Bonus + Car Allowance Hybrid working - 2x a week in Peterborough