Payroll Manager 12 month FTC £75k to £80k + bonus - City

A leading Investment Bank seek an experienced Payroll Manager on a 12 month FTC to head up their payroll function.

Reporting into the Head of People Services this role offers an opportunity to shape and lead a payroll team, drive process change and look to put new controls and frameworks in place to cover risk.

Please note that my client are offering an agile working pattern of 3 days in the office and 2 days from home (with flexibility).

The role:

Overseeing and authorisation for 4 payrolls per month
Managing technical, complex or unusual queries from the team whilst ensuring the payroll is run efficiently and accurately
Keeping up to date on payroll legislation to ensure compliance
Managing the Lloyds account and payments in and out, and authorising payments
Applying for funding to ensure that we can make our monthly payments
Overseeing BACs system
Overseeing various external benefits portals to ensure being used efficiently and as necessary
Overseeing paper payslips and updating rota
Providing a service for VIP and complex requests from Directors/Execs
Ensuring appropriate controls are in place, and actively reviewing these on a monthly basis, and amending to mitigate any potential errors. Updating our operational risk framework, and reviewing as needed
Ensure processes are clearly documented, and reviewed regularly
Define and manage payroll timetables/cut-offs, and communicate appropriately

Stakeholder & relationship management:

First point of contact for Pensions Manager, Benefits manager, Shares Team, People Services and tax teams to implement any changes to processes/systems, and address any issues
First point of contact with Group Accounts, and ensuring regular reconciliations are in place
Managing the relationship with the shares team and actively monitoring future deadlines and payroll impacts, particularly tax year end
Ensuring handoffs with other People teams, especially People Services are clear, and reviewed regularly

Team leadership:

Manage payroll team, including 6 payroll specialists, 1 payroll apprentice, and 2 payroll system specialists; including setting clear goals and objectives
Ensuring the team is working collaboratively, communicating effectively and delegating roles and workload evenly
Resource planning for holiday periods, and ensuring team coverage
Motivating the team and promoting a strong team work ethic
Encouraging diversity and having regular discussions with the team about how we do this respectfully and in keeping with Investec's values
Providing mediation for team disputes and using interpersonal skills to bring the team together
Learning and owning any further new processes, and ensuring that work is allocated appropriately

The SR Group (UK) Limited is acting as an Employment Agency in relation to this vacancy.