Head of Reward

BELONG. There’s no place like Principality.

Our home is your home. So, when you decide to join the team, we’ll go further to bring you the warmest of welcomes. From a friendly and inviting environment to a flexible benefit package designed around you – when it comes to belonging, there really is no place like Principality. We keep it flexible wherever possible; we encourage you to look after yourself; we do our bit in the communities we serve and support you in doing the same, and we promise to get better together.

Some reasons you may want to consider working with us; we have an award-winning flexible/hybrid working policy, we’re a 2022 winner of UK Best Large Workplaces for Women, we have a refurbished hi-tech office in the centre of Cardiff designed around colleague feedback, we ranked number 6 for wellbeing in 2022,  we have an extensive financial and well-being benefits package ‘’Belong’’ designed to put our people first, we have consistent colleague engagement scores of over 85% and a caring community of supportive Networks. But that’s not all, discover why there’s really no place like Principality; https://www.principality.co.uk/careers

Are you an experienced reward leader ready to shape and deliver an ambitious Total Reward strategy? We’re looking for a Head of Reward to join us as a key member of our People Leadership Team, partnering closely with our Chief People Officer and senior leaders to create a forward-thinking, data-led and colleague-centred approach to reward.

This is a high-impact role where you’ll influence executive stakeholders, guide the Remuneration Committee agenda, and lead a talented Reward team.  You’ll have the opportunity to shape a progressive, inclusive and colleague-focused Reward strategy at enterprise level. Working in a supportive and purpose-driven organisation, you’ll influence major decisions, partner with senior stakeholders, and make a meaningful impact on the colleague experience.

As our Head of Reward, you will:

Lead our Total Reward Strategy – Shaping, developing and implementing a leading Total Reward proposition aligned to our People strategy, championing simplicity and continuous improvement. Oversee the annual reward plan, including budgeting, resource planning and cyclical reward activities.

Guide the Remuneration Committee - Own and manage all aspects of the Remuneration Committee agenda in partnership with the RemCo Chair, advisers and senior leaders, ensuring full compliance with reward-related regulation and legislation. Stay ahead of emerging trends and legislative changes, offering proactive insight and expertise.

Manage Key Partnerships - Build effective relationships with external partners and suppliers, ensuring strong alignment to our values and return on investment, working closely with our Pensions Adviser and Finance teams on all aspects of pension governance and management.

Be a Visible People Leader - Collaborate across People Partnering, Centres of Excellence and People Services to integrate reward into wider people priorities. Influence, guide and support senior stakeholders across the Society, acting as a trusted and proactive enterprise leader.

The Experience we are looking for:

• Extensive reward and benefits experience, including working with Remuneration Committees and preparing board-level papers.
• Proven success leading reward in a regulated environment within financial services
• Strong people management skills, with the ability to lead, develop and support across the organisation
• Strong analytical skills, with the ability to translate insight into action.
• Experience managing complex projects and organisational change.
• Confident communicator with the ability to distil complex topics into clear, concise messaging
• Skilled at building trusted relationships and influencing at executive level.
• Organised, detail-focused, proactive and able to work under pressure with resilience and integrity

Key Skills

• Strong stakeholder engagement
• Collaborative approach with a focus on cross -functional partnership.
• Ability to influence with a balance of strategic and enterprise-wide thinking.
• Commitment to operational excellence and continuous improvement.
• Delivers outcomes at pace with a customer-centred mindset.
• Clear communication, active listening, building rapport, and fostering teamwork are essential.
• Connecting people strategies to commercial outcomes

Our most important asset is our people. We value a healthy work-life balance and currently offer a 35-hour work week with our hybrid approach enabling you to have a mix of office days and remote working.  

Your base location for this role will be our Head Office, Principality House, The Friary, Cardiff, CF10 3FA

If you have any questions in relation to this role, please contact Ree Joiya - Ree.joiya@principality.co.uk

‘’We are passionate about creating an inclusive workplace where diversity is celebrated and where colleagues feel a sense of belonging’’ Nigel Taylor, Head of Brand, Impact & Communications. But don’t just take our word for it, see what our colleagues say about working here too; Careers (principality.co.uk)

Read all about us - Principality Building Society: Posts | LinkedIn