Head of Reward

Job title:

Head of Reward

Company:

National Treasury Management Agency

Job description

Necessary arrangements can be made at interview stage to accommodate the needs of candidates with disabilities. If you are having difficulty uploading your CV online or in fully accessing any information on this site please emailRole Profile
Job Title: Head of Reward
Division: People FunctionReports to: Chief People OfficerJob Family: Corporate Services
Career Stream: ManagementCareer Zone: Management / Professional LeadersContract: Permanent**Closing date for applications 16/05/25**Summary of the Business
The National Treasury Management Agency (NTMA) provides asset and liability management services to the Irish Government. It has evolved from a single function agency managing the National Debt to a manager of a complex portfolio of public assets and liabilities.
Businesses managed by the NTMA include borrowing for the Exchequer and the management of the National Debt, the State Claims Agency, the New Economy and Recovery Authority (“NewERA”), the Ireland Strategic Investment Fund, National Development Finance Agency and the NTMA Future Ireland Funds business unit with responsibility for the management of the Future Ireland Fund and Infrastructure, Climate and Nature Fund.
The NTMA also assigns staff to the National Asset Management Agency, the Strategic Banking Corporation of Ireland (SBCI) and Home Building Finance Ireland (HBFI).Working at the NTMA offers excellent benefits including:

• Flexible work options including hybrid working and variable work hours
• An extensive wellbeing programme

• Excellent learning and development opportunities that allow for full career development within the organisation
• A diverse range of initiatives: LGBT+, Gender Matters, Disability Awareness, Sports & Social, Volunteering and lots more
• Reimbursement of annual professional membership fees

• Career average Defined Benefit Pension Scheme

Role Summary
In this role you will be responsible for shaping and leading the reward strategy for the NTMA, to attract, retain, engage and motivate employees while remaining consistent with the values of the organisation. You will lead all compensation, benefit, and pension programmes working with the Chief People Officer and executive leadership team. You will be responsible for reward policies and remuneration practices including the design and delivery of new reward initiatives and revising current programmes. You will also be responsible for managing payroll and pension activities.Principal Accountabilities

• Develop and implement the reward strategy to include salary benchmarking, pension management, benefits management and annual compensation events such as bonus and salary review

• Business expert in all matters relating to compensation and benefits, providing advice to key stakeholders
• Manage Group insured benefits, including private medical, Group Income Protection, Life Cover liaising with the Pension Secretary
• Conduct formal and informal market surveys, undertaking analysis of the compensation market and proactively sharing insight into compensation trends.

• Lead the core cyclical reward activities including annual salary review and bonus payments.

• Manage benefits change projects including working with brokers to manage benefits packages, creating benefit tools and material, and streamlining processes.
• Design and implementation of compensation and benefits structures in line with emerging legislation and adhere to internal compliance and governance standards
• Manage all executive reward processes, proposals and prepares Remuneration Committee papers
• Develop job evaluation, grading and benchmarking activities, external survey data collection and analysis
• Hire, lead, engage, and develop members of the reward team
• Build and maintain strong relationships across the business to provide excellent compensation and reward expertise whilst challenging and influencing the business appropriately to ensure alignment with the NTMA’s culture and values.
• Act as escalation point and back up to the Payroll Manager on monthly and quarterly payrolls
• Provide leadership and direction on relevant internal and external audits and 2nd sign off on data for Financial Statements and Annual Report.
• Lead activity to streamline and automate reward processes in the HR information system to increase efficiency and optimise system investment and colleague experience.
• Lead and manage ad hoc projects as assigned by the Chief People Officer.

Experience/ Skills required for the role

• Minimum 10 years’ experience in a Senior Reward role, or Senior HR role with a strong track record in Reward

• CIPD qualified. Third level degree in Human Resources, Finance, or business-related discipline.
• Experience in managing outsourced providers including pensions, benefit, and payroll.
• Thorough understanding of Irish employment legislation and awareness of HR best practice.

• Experience using HR management systems – Success Factors experience an advantage.
• Highly competent with all general workplace software (Email, Word, Powerpoint, Excel).
• A methodical approach to completing a variety of tasks concurrently with a high attention to detail.

• Ensure a collegial, positive, and professional culture among the team and ability to communicate effectively.
• Ability to maintain confidentiality and exercise discretion.
• Strong numerical, verbal, and written communication skills.

• Be able to demonstrate creative and innovative approaches to enhancing processes and ways of working

Pension AbatementIf an appointee has previously been employed in the Civil or Public Service and that appointee is entitled to or in receipt of a pension from the Civil or Public Service or where a Civil/Public Service pension comes into payment during the appointee’s re-employment that pension will be subject to abatement in accordance with Section 52 of the Public Service Pensions (Single Scheme and other Provisions) Act 2012.Please note: In applying for this position, you are acknowledging that you understand that the abatement provisions, where relevant, will apply. It is not envisaged that the employing Department/Office/Body will support an application for an abatement waiver in respect of appointments to this position.Applicants will be required to complete a pre-employment declaration to confirm whether they have previously availed of a Public sector pension scheme.The NTMA is proud to be an equal opportunities employer. We recognise that a diverse and inclusive workplace informs better decision making, creative thinking, innovation and drives business performance. We are strongly committed to ensuring that our workforce is representative of our society.Necessary arrangements can be made at interview stage to accommodate the needs of candidates with disabilities. If you are having difficulty uploading your CV online or in fully accessing any information on this site please email recruitment@ntma.ieThe NTMA is proud to be an equal opportunities employer. We recognise that a diverse and inclusive workplace informs better decision making, creative thinking, innovation and drives business performance. We are strongly committed to ensuring that our workforce is representative of our society.

Expected salary

Location

Ireland

Job date

Sat, 03 May 2025 04:56:45 GMT

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