RELX Hiring for Executive Compensation Analyst at London Full Time

The Group Compensation team supports the Global Head of HR and the RELX Remuneration Committee on all aspects relating to executive remuneration and the operation of the executive share plans. This includes formulation and communication of the remuneration policy and the application of it to the most senior executives worldwide (approx.100); operating the annual reward cycle for this group of executives and other employees participating in the share based plans and annual remuneration reporting. The team works closely with HR and reward colleagues in the business units, the company secretariat, Group finance, Group tax and Treasury and the global mobility centre of excellence, and supports senior business and functional leaders globally.

Group Compensation is currently made up of the Head of Executive Compensation, the Head of Executive Share Plans, the Share Plan Analyst and the Executive Compensation Analyst.

Job Purpose

This role would be the perfect developmental role for any candidate looking to gain or expand knowledge of the design, implementation and operation of a remuneration policy as it impacts the board and senior executive management in a large and complex multi-national corporate. The core focus of the role is to support the Head of Executive Compensation on all aspects of executive remuneration with an emphasis on the annual reward cycle, annual external remuneration reporting and disclosures, supporting the preparation of remuneration committee papers and remuneration benchmarking and managing the data submission to executive surveys. The post holder will be an integral part of the small but dynamic Group Compensation team and will have the ability to impact and shape how we service our internal customers to the highest standard within an evolving and dynamic reward/HR organisation.

Main Accountabilities and Tasks

Annual reward cycle

• Project manage the annual reward cycle including key timelines impacting the steps involved in collating proposals for and agreeing salary increases, annual incentive payments and award levels under the share based plans.
• Collate information extracted from surveys and other relevant sources relevant for the setting of annual salary increase budgets for consideration by the RELX Group leadership.
• Liaise with the businesses to support the submission of annual stock grant proposals and field/answer any questions to allow timely and complete submission of proposals.
• Act as the point person for business unit HR/reward and coordinate the flow of information between Group Compensation and the business units including procurement of supplementary information in support of the grant proposals, communication of approved award levels and salary increases.
• Support the implementation and communication of approved grants working closely with the Head of share plan, the share plan analyst and inhouse employment counsel.

Survey participation/coordination

• Own the global data subscription contract with Willis Towers Watson (WTW) on behalf of RELX which includes pro-active vendor management including billing; acting as the point person for queries from the businesses; coordinate, as needed, submission of data by the businesses to the WTW surveys.
• Manage the annual submission of information to executive surveys (WTW and others) working closely with other members of the team and reward colleagues in the businesses as needed.

Remuneration benchmarking

• Support the review of senior executive packages including scenario modelling on promotion, recruitment and cessation of employment.
• Guide and (over time build expertise/knowledge to) advise the businesses on benchmark assessments and interpretation of theoutputs.
• Maintain a contemporaneous database of total compensation information for the most senior executives globally which entails updating/refreshing the information at appropriate times during the year.

Remuneration Committee

• Provide supporting analysis for the remuneration policy review led by Remuneration Committee to be undertaken in 2022.
• Support the investor consultation exercise on the updated remuneration policy.
• Assist with the drafting of papers and preparation of any supporting analysis that might be required.

Analysis and market research

• Analyse publicly disclosed information of global peer companies to provide insight on market practice on different aspects of remuneration.
• Undertake bespoke analysis/research on topical aspects relating to remuneration as required.
• Develop models/analyses that extract new insights from remuneration packages/structures in operation across the senior management population in RELX to inform the future design of compensation arrangements.

External remuneration reporting and disclosure

• Collate all auditable data and build the audit file which forms the basis for the external remuneration related year end disclosures liaising closely with other corporate departments.
• Prepare first draft of all auditable numbers and calculations.
• Working closely with the Head of Executive Compensation, review and assess the impact of changes in legislation, corporate governance and voting guidelines on the annual disclosures.
• Act as point person for the RELX auditors in relation to the audit of the remuneration related disclosures in the annual filings.
• Assist with the drafting of Q&As on remuneration aspects for annual shareholding meetings.
• Manage end to end process and calculations of CEO versus UK employees pay ratios , liaising with payroll, business Heads of rewards, UK pension manager
• Manage the process for Gender Pay Gap, project manage liaising with the data analytics team, prepare and upload reports on the Government website and share with the businesses and internal communication team

Person Specification

Qualifications

Degree in Mathematics, Analytics/Statistics, Economics, Finance or equivalent

Skills/Experience

• Strong problem solving skills
• Excellent numerical reasoning
• Excellent attention to detail
• Highly proficient in Excel (e.g. vlookup, pivot tables, statistical analysis)
• Experience/knowledge of executive remuneration is preferred, but is not required
• Appreciation/understanding of governance aspects impacting executive remuneration desirable but is not required
• Strong written and verbal communication skills, interpersonal and organisational skills

Location

London UK. Hybrid working

RELX is an equal opportunity employer: qualified applicants are considered for and treated during employment without regard to race, color, creed, religion, sex, national origin, citizenship status, disability status, protected veteran status, age, marital status, sexual orientation, gender identity, genetic information, or any other characteristic protected by law. If a qualified individual with a disability or disabled veteran needs a reasonable accommodation to use or access our online system, that individual should please contact [email protected] or if you are based in the US you may also contact us on 1.855.833.5120..

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