Payroll and Benefits Team Leader

Requirements of the role

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.

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