Ref: 50011101-1
Country: United
Kingdom
City: London
Department: Human
Resources and Corporate Services Vice Presidency
Business Unit: Human
Resources, Benefits
Closing date for applications: 10
September 2014
Role Overview
As a centre of expertise the Benefits Team is
responsible for the effective development of the strategy for the suite of
benefits provided by the Bank. This includes the introduction of new benefits,
the development of policies, the management of third party suppliers and the
delivery and communication of benefits to all staff. The team is also responsible
for developing the HR business partners’ knowledge, capability and
understanding of benefits plans.
The Benefits Manager is responsible for providing
management support to the Head of Benefits in ensuring that the suite of
benefits is appropriate, market competitive, professionally managed and
delivered to staff effectively and to a high standard. The provision of
professional expertise to the Bank is also a key component of this role so that
decisions can be made by senior management and committees in an informed way.
This role will be offered as a part time
contract of 20 hours per week.
Key Responsibilities and Deliverables
Provision of Professional Expertise to
the Bank
- Ensure
full understanding of best practices and market trends related to
benefits, through external networking and attending seminars and
conferences
- Provide
information to staff in understanding policies and processes via a variety
of communication channels.
- Understand
and resolve complex issues relating to specific groups of staff or
specific areas of the benefits and communicate these effectively to staff
or management.
- Design
and provide individual training, information and education sessions to
staff and to other HR teams.
Policy development and implementation
- Working
with the Head of Benefits continually monitor and review the suite of
benefits provided to staff, benchmarking with comparator organisations.
- Develop
change to policies or introduce new policies where appropriate, actively
gaining buy-in from stakeholders during the development.
- Develop
communications for staff regarding changes to policies and processes as
they are implemented.
Ongoing management of the benefits
provisions
- Undertake
tasks required for the retirement plans annual cycle: retirement plan
annual statements for staff, audit, report & accounts, and the
valuation.
- Working
with the Head of Benefits in conducting the annual Flex Window cycle,
communicating it to staff and overseeing the Benefit Supplier Days at the
Bank.
- Manage
the Bank’s internal Retirement Plan committees including the arranging of
meetings and preparation of required documentation for meetings
- Manage
the Bank’s external providers to ensure an efficient provision of benefits
to staff and adherence to SLAs by the outsourced providers.
- Set
up and oversee the provision of group sessions for staff provided by
outsourced suppliers.
- Conducting
the internal controls framework (ICF) testing related to benefits.
- Working
with the Head of Benefits, participate as required in a variety of tasks/
projects both within and outside the sphere of the Benefits Team.
Essential Skills, Experience & Qualifications
- A
graduate in a relevant discipline and APMI qualified is desirable.
- Experience
in managing benefits in organisations, including retirement and insurance
plans.
- Previous
experience in managing external benefits providers.
Competencies & Personal Attributes
- Good
interpersonal and relationship management skills.
- Proficient
numerical and analytical skills, with the ability to interpret actuarial
and accountancy figures.
- Effective
problem solving skills.
- Ability
to work autonomously and exercise sound judgement.
- An
effective communicator at all levels.
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