Senior Manager, Total Rewards & Benefits

Overview

 

Lloyds Overview:  

Lloyds Bank Corporate Markets, plc (“LBCM”) forms an integral part of Lloyds Banking Group, a UK-focused retail and commercial bank with more than 30 million customers globally. We have been operating in North America for over 100 years, providing a client-focused approach for global businesses with strong links to the UK. Our New York operations provides a gateway between the UK and North America for financial institutions and large corporate clients, offering core banking products such as lending, trade finance and a range of debt capital and financial markets services through our US broker dealer, Lloyds Securities Inc.

 

Lloyds Bank is committed to attracting, retaining and developing the best talent in the industry and embracing the diversity of our people. We offer our colleagues ongoing training, development, mentoring and networking opportunities, as well as competitive benefits and vacation leave. We are dedicated to working with our community and offer a range of volunteering and fundraising activities throughout the year.

 

Diversity and inclusion are a part of who we are at Lloyds Bank. Lloyds North America strives to create a culture where every individual feels included, and empowered to be their best. Providing equal employment opportunities to all applicants and employees without regard to race, color, religion, creed, gender, gender identity or expression, age, national origin or ancestry, citizenship, disability, sexual orientation, marital status, pregnancy, veteran status, membership in the uniformed services, genetic information, or any other class protected by applicable law.

 

Lloyds values diversity in all backgrounds and experiences and wants their employees to bring their “whole self” to work!

 

Reasonable Accommodations for Qualified Individuals with Disabilities During the Application ProcessLloyds North America is committed to providing reasonable accommodations for qualified individuals with disabilities in our job application process. If you have a disability and require a reasonable accommodation in order to participate in the application process, please contact our Human Resources Dept at: NAHR@lbusa.com

 

Responsibilities

 

Key Tasks and Responsibilities of the role include, but are not limited to:

• Effectively leads and manages the Reward function across all areas, including management of Payroll, Compensation Planning, Benefits and Pensions. Liaising closely with counterparts across the Group and external providers / consultants to obtain/ exchange information, identify and implement best practices.
• Provide technical support and interpretation of legal, regulatory, and statutory requirements of all aspects of Pay and Reward to Senior Management.
• Identify and use HR management information to help the business make informed decisions, by undertaking analysis in order 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.
• Lead, develop and implement processes to deliver Group policy aligned to own area.
• Engage with stakeholders, providing guidance, advice and challenge in order to support the delivery of LBG values and behaviors.
• 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 Pay and Reward team to achieve behavioral change and continuous improvement.
• Specify content for materials which facilitate the 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 identifies various remuneration risks and the principles of malus.
• Provide guidance on pay policies and procedures, including equal pay principles.
• Interprets external salary benchmarking data and input to salary survey submissions.
• Understands how LBG's Pay and Reward principles and p