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Reward Manager - Asset Management

Reward Manager - Asset Management

Requisition ID 
Job Locations 
Job Family 
Performance, Reward and Talent

Posting Description

Reward Manager


We’re hiring!


McLagan are currently recruiting a Reward Manager to join our team in London. The Reward Manager will be primarily responsible for: working alongside Partners and Senior Consultants in the development and execution of annual compensation studies and consulting projects within our Asset Management group.


Our Asset Management group is focused on providing compensation consulting as well as pay and performance data to traditional asset management businesses as well as hedge funds, private equity houses, real estate investment firms and other alternative investment managers. 


Our industry focus, on-going client work and proprietary study data, allow us to frame each consulting project with a broad business context and apply our keen understanding of competitive issues and best practices.  The scope of our expertise includes:


Providing reward advisory services to senior management and clients’ boards of directors           

Benchmarking competitive pay levels, practices and human resource issues

Designing annual, long-term and sales incentives plans


This role will work with various teams in clients’ businesses including: Compensation & Benefits/Reward, HR, Finance, Legal, Compliance, Risk and Operations.


About McLagan


McLagan, a division of Aon Hewitt, is the leading provider of analytical performance reports, reward studies and consulting to the world’s top financial services firms. Focusing exclusively on the financial services industry for over forty years, McLagan serves clients across investment banking, asset management, corporate banking, private equity and private client businesses. McLagan’s highly skilled consultants deliver fact-based guidance to financial services firms helping them enhance productivity and profitability by optimizing revenue and cost drivers. More information about our firm is available at


Our belief is that accurate market data is a requirement for aligning resources with opportunities. Market data identifies business opportunities and market opportunities for talent and products.


Our goal is to provide complete and accurate data coupled with insights to help management interpret market trends in context and apply them to improve business results.


Our business model is based on creating and expanding long-term partnerships with our clients, who trust us with some of their most confidential and sensitive information. As evidence of this, many of our client relationships extend back to our firm’s inception over forty years ago.


McLagan’s clients benefit from our in-depth financial services focus, general management perspective, experienced consultants on every assignment, seamless and integrated global services and integrity and discretion in all matters.


Aon is an equal opportunities employer.  Aon's recruitment and selection policy ensures the best possible skill mix of colleagues and the highest quality candidates are appointed using objective job-related criteria.


About the Role


As a Reward Manager some of your key responsibilities will involve:

  • Owning and developing client relationships, including client service and identifying opportunities
  • Market research and competitor analysis
  • Working on projects that develop and implement client reward strategies that link to business strategy
  • Client advisory projects including Regulatory, analytical and market practice performance and reward consulting  
  • Create and support the technical, statistical and graphical content of consulting projects and compensation studies
  • Project and process management
  • Responsible for working in accordance with the Aon UK Limited Risk Management Framework, and compliance with the Aon UK Limited policies, including participation in the management of risks (including completion of mandatory training) that may adversely affect the business, interests or reputation of any Group Company
  • Responsible for working in accordance with the Aon UK Limited Risk Management Framework, and compliance with the Aon UK Limited policies, including participation in the management of risks (including completion of mandatory training) that may adversely affect the business, interests or reputation of any Group Company.

About you


As a Reward Manager your skills and qualifications will ideally include:

  • Solid understanding of and interest in financial services sector, preferably alternative investment experience
  • A thorough understanding of compensation and the issues affecting reward structures
  • Ability to master a specific area of expertise. Would be considered an expert and the go-to person for either an internal process or a market sector
  • Be a person that more junior staff can learn from and takes a proactive role in sharing experience and expertise
  • Driven in client service, origination, and delivers results orientated solutions to often complex problems
  • Able to develop business by understanding a client’s requirements and tailoring approach
  • Manages client relationships utilising resources where appropriate (junior staff, senior experts, technology)
  • Prioritising requests and managing client’s expectations
  • Degree qualified, preferably in a numerate discipline or equivalent
  • Proven and accurate analytical skills including Advanced Excel skills
  • Experience with data analysis and a range of modelling techniques
  • Excellent interpersonal skills including strong presentation skills, both verbal and written (advanced PowerPoint skills would be an advantage)
  • Ability to work effectively in a team and individually.

Salary and Benefits


This role offers a competitive salary and bonus, plus a comprehensive benefits package and 25 days holiday. Through our flexible benefits, you will also have the opportunity to choose additional benefits, including healthcare, childcare vouchers and additional holiday.







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