Role Purpose
The Reward Partner role will support the development and execution of reward activity for the Business & Commercial Banking and Corporate & Institutional Banking divisions at Lloyds Banking Group. Reporting to the Head of Reward for BCB & CIB while supporting activities led by the divisional Reward Partners, the role-holder will be expected to deploy advanced analytics and drive insights to enable the implementation of commercially compelling reward propositions and inform strategic transformational reward decisions.
The role requires strong analytical capabilities as well as collaboration skills to build effective relationships with People Partners, business stakeholders, and relevant colleagues across the wider Reward team. A customer and product-centric mindset, combined with strong analytical capability and a passion for innovation will be key to success.
Key Accountabilities
- Support the application of reward policies and practices to enable a best-in-class reward strategy for BCB & CIB, helping the Group to attract and retain the skills needed to drive our strategic objectives.
- Proactively use benchmarking, modelling and external trend insights to facilitate bold and innovative data-led reward proposition development.
- Build understanding of business area priorities, challenges, and risks to help tailor reward approaches that meet evolving needs.
- Develop trusted working relationships with People Partners and business stakeholders to support the colleague reward life cycle, including recruitment, retention, exits, and organisational change.
- Annual pay and bonus activities for BCB & CIB, utilising the Reward team to ensure smooth and effective delivery.
- Provide support on reward-related strategic initiatives including Group and business area-led change programmes, such as TUPEs and divestments.
- Ensure the business area is empowered to use our Reward framework to attract the necessary skills and talent to deliver our strategy whilst adhering to our governance framework and regulatory requirements.
About you
You’re energised by the opportunity to shape how Reward supports people and performance across the business. You are enthusiastic about data/insight and bring curiosity, a collaborative mindset, and a desire to drive people practices forwards - now you’re ready to deepen your expertise in Reward.
You'll be able to communicate and tell stories using data. You’re confident working with stakeholders, asking insightful questions, and translating complexity into clear, practical solutions.
You’re ready to have impact in a team that values learning and innovation.
Skills and Experience
- Demonstrated desire to learn new approaches, techniques and technologies and work in an agile way.
- Storytelling & communication: Excellent verbal and written communication skills to convey complex findings to stakeholders.
- Collaboration: Proven ability to work collaboratively in cross-functional teams and influence decision-making.
- Problem solving: Creative problem-solving skills to address reward people challenges using data-driven approaches.
- Appetite to gain deep understanding of core reward principles including benchmarking, pay structures, incentive design, and governance.
- Willingness to aid crafting flexible, innovative people practices that enable the partnered business to deliver transformational change.
- Ability to translate business needs into clear, actionable reward support, aligning with governance and regulatory requirements.
- Ability to thrive in diverse stakeholder environments; ability to engage leaders and balance competing demands.
- Strong analytical skills, adept at synthesising data to shape reward decisions, including critically challenging data.
We also offer a wide-ranging benefits package, which includes
- A generous pension contribution of up to 15%
- An annual performance-related bonus
- Share schemes including free shares
- Benefits you can adapt to your lifestyle, such as discounted shopping
- 30 days' holiday, with bank holidays on top
- A range of wellbeing initiatives and generous parental leave policies
About working for us
Our focus is to ensure we're inclusive every day, building an organisation that reflects modern society and celebrates diversity in all its forms. We want our people to feel that they belong and can be their best, regardless of background, identity or culture. We were one of the first major organisations to set goals on diversity in senior roles, create a menopause health package, and a dedicated Working with Cancer initiative. And it's why we especially welcome applications from under-represented groups.
We're disability confident. So if you'd like reasonable adjustments to be made to our recruitment processes, just let us know.
If you're excited by the thought of becoming part of our team, get in touch. We'd love to hear from you.
