Job Title:                     Head of Human Resources

 

Industry:                     Banking

 

Location:                     UK

 

Salary:                         Competitive Salary Package + Benefits

 

 

Role Summary

Working closely alongside the CEO, and in support of the Executive Committee and other functional heads, the Head of Human Resources has overall responsibility for all people- based activity within the Bank, both from an operational and strategic perspective. The role has a functional reporting line into the Chair of the Board Nominations & Governance Committee (BNGC).

The role supports the Bank to deliver the business plan and strategic objectives within the context of UK Employment Legislation; the Senior Managers and Certification Regime; the Regulators Remuneration Code; and Health & Safety Regulations

Responsibilities:

HR Strategy and Leadership

• Responsible for the development and execution of HR strategy and people plans in order to support the Bank’s strategic goals.
• Work closely with senior management to instil a culture across the firm that emphasises quality, continuous improvement and high performance, to support the business strategy.
• Responsible for supporting organizational design, reviews and implementation in order to meet the needs of the business.

HR Business Partnering

• Provision of guidance and oversight on all employee relation issues (e.g., grievance, disciplinary, and restructuring), ensuring issues are handled fairly and consistently within the scope of UK legislation and the regulatory framework.
• Key involvement in senior level decision making for both day-to-day management and strategic direction of the firm from a people perspective.
• Establishment and maintenance of succession plans to accommodate staff turnover, natural attrition and promotions; ensuring a continuity of service provision.
• Define and oversee frameworks that support employee performance and talent management and ensure that regular staff appraisals are carried out in accordance with Bank policy.
• Recruitment against the work force plan, ensuring fair selection processes are followed, supporting managers on interviews and recruiting against the Bank’s values.
• Ensure execution of group wide initiatives at the regional level.
• Control the HR budget and report on current and future staffing costs and initiatives.

HR Operations

• Co-ordinate the annual and ongoing compensation process, advising senior management on staff salaries in reference to external benchmarks.
• Ensure payroll is completed accurately and to deadline.
• Management and review of all staff benefits to ensure these are aligned to market.
• Monitor probationary periods for new joiners and ensuring they meet the requisite standards of performance prior to being made permanent
• Prepare employee contracts, and terms & conditions of employment in line with employment legislation and to meet the needs of both the employee and the Bank.
• Coordination of the staff induction program.
• Coordination of staff confirmation at end of probation period.
• Analyse staff training needs to aid the design and implementation of a practical employee learning and development plan, within agreed budget.

Regulatory

• Management of the annual Fit & Proper Assessment Process
• Preparation of SMF Regulatory application packs
• Quarterly assessment of Material Risk Takers (MRTS) and Certified Staff
• Preparation and submission of P11D reporting
• Preparation and submission of Annual High Earners Report

Governance, Control & Compliance

• Monitoring effective implementation of policies and procedures for the induction, training and professional development of senior management, other than members of the governing body;
• Engagement with internal and external auditors
• Ensuring legal compliance is met in all HR activities.

Data Maintenance

• Responsibility for employee data and documentation throughout the employee lifecycle.
• Ensure employee data changes are shared with the benefit providers and are captured on the HR People system

Senior Management & Certification Classification

Certified

Membership of Governance and other Key Committees

Board Committees:

Board Nominations and Governance Committee (BNGC)- Attendee

Executive Committees:

• EXCO - Member
• Operations Committee – Member

Experience required

Technical

In-depth knowledge and experience of:

• Policy development and implementation
• Organisational development
• Employee relations
• Performance management
• Recruitment and retention/retrenchment
• UK Employment Laws and regulations
• UK Health and Safety regulations
• UK Regulation e.g., SMCR and CRD V remuneration requirements

General

• Banking experience, particularly in a UK-based, foreign owned institution
• Stakeholder management and engagement with all levels of staff from board level to junior members of staff
• Ability to establish credibility and build department accountability.
• Able to problem solve and demonstrate operational and strategic skills.

Qualifications/Education/Training

Essential

• Degree educated – honours level or equivalent or relevant business experience
• Member of a relevant professional institute

Desirable

• Postgraduate business or management qualification e.g., MBA
• CIPD member