Payroll and Benefits Team Leader - #1771082

JR0018313 - Payroll & Flexible Benefits Team Leader

Fixed Term Contract until January 2027

Salary - National (Edinburgh and Leeds) ranging from £49,600 to £66,133.33 and London £54,500 to £73,566.67 per annum (Salary offered will be based on skills and experience)

About the FCA

The FCA regulates the conduct of 45,000 firms in the UK to ensure our financial markets are honest, fair and competitive. Follow this link to find out more About the FCA

Reporting to the Senior Manager in the HR Delivery Team, the payroll and flexible benefits team leader leads a team of 2 responsible for the accurate and timely delivery of our monthly payroll and pensions administration to circa 5000 employees. The team leader also manages the FCA/PSR’s flexible benefits offering

What will you be doing?

Contract & Supplier Management – Oversee key business-critical contracts, including payroll providers and benefits administrators, ensuring effective procurement and supplier relationship management



Payroll & Benefits Oversight – Manage payroll, flexible benefits budgeting, forecasting, and invoicing in collaboration with Finance, ensuring financial accuracy



Benefits Strategy & Renewal – Develop and implement the flexible benefits strategy, engaging with HR and business stakeholders, and leading the annual benefits renewal process



Compliance & Risk Management – Establish documented business processes, implement controls to reduce risks, and work closely with Internal Audit to ensure payroll and pension administration integrity



Operational Excellence & Reporting – Ensure timely payroll and pension processing, accurate data transfers with outsourced providers, and produce management reports for oversight



Team Leadership & Stakeholder Engagement – Manage a small team, liaise with HMRC on tax matters, resolve escalated payroll issues, and provide technical expertise on complex payroll topics



What will you get from the role?

Exposure to senior stakeholders within the business



Contribute to business contracts and processes



Opportunity to contribute to varied work spanning the whole of the FCA, developing a range of skills



Which skills are required?

We are a Disability Confident Employer; therefore, disabled people or individuals with long-term conditions who best meet the minimum criteria for a role will go through to the next stage of the recruitment process. (To learn more about the Disability Confident Scheme Click Here )

Minimum

In-depth and up to date UK payroll, pensions and benefits experience



People management experience within a payroll team



Process improvement and payroll project experience



Essential

Significant previous experience processing high-volume monthly payrolls



A good understanding of UK PAYE legislation



Ability to calculate deductions such as overpayments, maternity payments, sickness payments, Tax and National Insurance



Experience of developing and updating effective management information



Ability to carry out pay period and year end processes essential for statutory and other returns, ensuring deductions are reconciled, and all 3rd party payments are reconciled



Experience of engaging effectively with stakeholders at all levels across a complex organisation



Our Values & Diversity

We are proud to be an inclusive employer and our ambition is to cultivate a culture for all employees that respects their individual strengths, views, and experiences. We believe that our differences and similarities enable us to be a better organisation – one that makes better decisions, drives innovation, and delivers better regulation

Within the workplace you will have access to various employee resource groups which aim to promote and achieve a healthy work / life balance and support our diversity ambitions

Did you know ? 50% of our Executive Committee were the first in their family to attend university

Benefits of working at the FCA

25 days holiday per year plus bank holidays



Hybrid working (work from home up to 60% of your time)



Private healthcare with Bupa



A non-contributory Pension of at least 8% of basic salary each month (there are several contribution levels that increase depending on your age – up to 12% a month once you reach age 35)



Life assurance of eight times your basic salary



Income protection



We also have a competitive flexible benefits scheme which gives you the opportunity to create a personalised benefits package, tailored to suit your lifestyle

We welcome applications from candidates who are looking for flexible arrangements. Many of our staff work flexibly including working part-time, staggered hours, and job shares. We can’t promise to give you exactly what you want but we can explore what might work best for both sides

Follow this link to see what life is like at the FCA - Life at the FCA

Application Support

We are dedicated to removing barriers and ensuring our application process is accessible to everyone. We offer a range of adjustments to make your application experience as comfortable and straightforward as possible

If you have an accessibility need, disability, or condition requiring changes to the recruitment process, please contact your recruiter using the details below and they will be happy to discuss this further with you

Useful Information and Timeline

This role is graded as Lead Associate - Corporate



Advert Closing Date:Sunday 22nd June at 23:59pm



CV Review/Shortlist: Tuesday 25th June



First Round Case Study Assessment: W/C 30th June



Competency Based Interview: W/C 7th July



Your Recruiter will discuss the process in detail with you during screening for the role, therefore, please make them aware if you are going to be unavailable for any date during this time

Got a question?

If you are interested in learning more about the role, please contact: ***********@fca.org.uk

Applications must be submitted through our online portal. Applications sent via email will not be accepted



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