Head of Reward – Global Asset Management & Institutional Retirement

Legal & General (L&G) is a leading UK financial services group and major global investor.

We’ve been safeguarding people’s financial futures since 1836, and strive to build a better society, while improving the lives of our customers and creating value for shareholders.

We are one of the world’s largest asset managers and provide powerful asset origination capabilities. Together, these underpin our retirement and protection solutions: we are an international player in pension risk transfer, in UK and US life insurance, and in UK workplace pensions and retirement income.

Our Group Functions provide the services that all areas of the business need. This requires a talented and diverse team behind the scenes, who enable everyone at L&G to do what they do best. 

Joining us means helping to improve the lives of our customers and contributing to the success of the business every day.

Join our team in Group Reward, where we are committed to fostering a diverse and inclusive workplace. We are seeking a talented and motivated individual to support our Senior Leaders in all aspects of remuneration and reward strategies. If you are passionate about making a difference and driving positive change, we want to hear from you!

What You'll Be Doing:

• Supporting Senior Leaders across L&G Global Asset Management & Institutional Retirement regarding all remuneration issues and requests
• Developing reward strategies to incentivise, reward, and retain employees
• Working with the divisional HR Director and other key persons to implement an effective reward strategy in line with requirements
• Supporting HR Business Partners and Talent Acquisition team with benchmarking requests and preparing recommendations for pay adjustments, new hire packages, offer construction, buy-outs, and proposals
• Managing the annual reward processes for the division, including base pay reviews, annual bonus determination, and long-term incentive awards
• Coordinating with divisional business heads and HR, implementing and communicating reward outcomes based on benchmarking analysis, business performance, and Group constraints
• Assisting in ensuring compliance with remuneration policies and regulatory requirements, including coordinating and managing the divisional Reward Steering Committee and preparing compliance reports
• Developing, implementing, and overseeing Private markets specific remuneration plans, including Carried Interest and associated Co-investment plans

What We're Looking For:

• Proven experience in reward strategy development and implementation
• Strong understanding of remuneration policies and regulatory requirements
• Excellent communication and interpersonal skills
• Ability to work collaboratively with Senior Leaders, HR Business Partners, and Talent Acquisition teams
• Strong analytical skills with the ability to interpret complex data and make informed decisions
• Experience in managing annual reward processes and compliance reporting
• Ability to maintain a global focus while respecting country-specific nuances
• Strong relationship-building skills with Division Finance Teams to inform and guide reward design and execution

Who we're looking for:

• CIPD or significant reward experience in Financial Services (specifically Asset Management and potentially, although not obligatory, experience in the Pension Risk Transfer business)
• Comprehensive modelling and analysis skills using multiple data sources
• IT skills including MS Excel, MS PowerPoint and MS Outlook required
• Able to guide and influence effectively with ability to judge when to challenge
• Broad and deep knowledge/experience in Asset Management including Private Markets (Carried Interest plans) remuneration including the UK and European reward regulatory environment/requirements (MiFIDPru, AIFMD, UCITs)
• Experience in dealing with internationally mobile employees 
• Extensive experience in working in Reward for a large organisation
• Financial Services Asset Management experience essential including contributing to the requirements of annual fund reporting disclosures for the Asset Management business.
• Advanced understanding of remuneration plans (both cash, deferred, share and fund based) and associated terminology
• Proven skills in stakeholder management, planning, writing clear and simple papers for leadership team and Board level consumption with proven communication and influencing ability as well as track record of driving continuous improvement in process (and technology where required).

Whatever your role, we reward performance and behaviour with a package that looks after all the things that are important to you. Here are some of the benefits we offer:

• The opportunity to participate in our annual, performance-related bonus plan and valuable share schemes
• Generous pension contribution 
• A company car allowance
• Life assurance 
• Healthcare Plan (permanent employees only) 
• At least 30 days holiday, plus public holidays. There’s also the option to buy and sell holiday 
• Competitive family leave 
• Participate in our electric car scheme, which offers employees the option to hire a brand-new electric car through tax efficient salary sacrifice (permanent employees only) 
• There are the many discounts we offer – both for our own products and at a range of high street stores and online 
• In 2023, some of our workspaces were redesigned. Our offices are great spaces to connect and collaborate and have your wellbeing at the heart 

#EXEC-L

We aim to build a better society for the long term by investing our customers’ money in things that make life better for everyone.
If you join us, you’ll be part of a welcoming, inclusive culture, with opportunities to collaborate with people of diverse backgrounds, views, and experiences. Guided by leaders with integrity who care about your future and wellbeing. Empowered through initiatives which support people to develop their careers and excel.

We strive to be open, mindful, and inclusive, so are always willing to discussing flexible working arrangements and reasonable accommodations for candidates with specific needs. It doesn’t matter if you don’t meet every single criterion in this advert. Instead, think about what you excel at and what else you can bring in terms of strengths, potential and connection to our purpose.

Legal & General is a leading financial services group and major global investor, named Britain’s Most Admired Company in 2023, for the second year running. Rated top in our sector and top for inspirational leadership, we have a strong heritage and an exciting future.

We aim to build a better society for the long term by investing our customers’ money in things that make life better for everyone.

If you join us, you’ll be part of a welcoming culture, with opportunities to collaborate with people of diverse backgrounds, views and experiences. Guided by leaders with integrity who care about your future and wellbeing. Empowered through initiatives which support people to develop their careers and excel.

We strive to be open, mindful and inclusive, so are always willing to discussing flexible working arrangements and reasonable accommodations for candidates with specific needs.

If you’re open to find out more, we'd love to hear from you.