Human Capital Management | Benefits | Associate | London

Our division recruits, develops and rewards the people of Goldman Sachs. Our teams advise, design and implement strategies, processes and technologies that help our people advance professionally, drive productivity and help the firm and our clients achieve superior results. We look for individuals with strong problem solving and analytical skills, innovative thinking and intellectual curiosity who want to make an impact on the success of the firm's most valuable asset, our people.

Reporting to the Vice President, UK Pensions and Benefits, this position is at the Associate level supporting the Vice President of UK Pensions and Benefits on the strategy, management, operations, governance/compliance and oversight of UK benefit programmes. The team also focuses on engagement, innovation and education. We work closely with vendor partners and expert advisors to provide a high quality offering to employees.
The ideal candidate will leverage their substantial benefits expertise to design and deliver comprehensive benefit programmes to over 7,000 employees across the region. The candidate will work closely with other internal groups (e.g., Legal, Tax, Finance, and the Vendor Management Office,) to deliver a best in class programme. This position is at the Associate level and based in London or Birmingham
RESPONSIBILITIES
Support the Vice President, UK Pensions and Benefits to deliver UK Benefits strategy, Governance and Operations including:
STRATEGY

• Manage UK benefits (Life, Disability, Healthcare, etc.) ensuring innovation and that plan design maximises the employee experience and associated pension and benefit outcomes, whilst leveraging cost saving opportunities for the firm
• Ensure strategy is aligned to business requirements
• Support and/or lead policy reviews on ongoing basis ensuring critical review, compliance with internal requirements as well as local regulation and legislation
• Partner with the EMEA and global teams on cross regional benefits projects including cross regional and cross functional working group activity
• Collaborate strategically with the EMEA non UK and Global Pension and Benefit teams

GOVERNANCE:

• Ensure compliance of all UK benefit programmes in line with internal policy and local regulation and legislation
• Responsibility for managing UK Healthcare Trust governance and supporting UK Healthcare Trustee Board
• Manage programmes within firm Global Governance and Policy and ensure UK benefit programmes operate within the global governance framework
• Manage internal benefits governance ensuring alignment to internal policy, e.g. Records Management
• Seeking relevant approval to all benefit programme/policy changes.

OPERATIONS:

• Day-to-day management of UK Healthcare Trust, including funding
• Manage the effective delivery of UK benefits administration processes via third party administrators including payroll files, tax data and vendor enrolment transactions. Identify and implement ongoing opportunities to automate processes and gain efficiencies across the UK and rest of EMEA locations
• Drive ongoing development of management reporting across all areas of UK benefits and collaborate with rest of UK and EMEA Benefits Team to enable consistent and overall reporting
• Oversee the management of vendor service providers including budget, performance and innovation
• Managing key stakeholders and vendors, ensuring compliance in local jurisdictions and leveraging opportunities to increase the quality of the benefit offerings
• Set and manage budgets for relevant benefits and initiatives across UK Benefits, working with both local and global teams to address questions, prepare budgets, and present analyses / reporting to senior stakeholders

PEOPLE MANAGEMENT:

• Direct line management of the UK Benefits Analyst
• Ability to manage, motivate and drive performance of direct reports

OTHER:

• Collaborate and support broader projects across the EMEA Pensions and Benefits Team as required
• Support and/or provide advisory service to the business including postings, presentations and the delivery of other stakeholder management documentation
• Support and/or advice on merger, acquisition and sale activity as relates to UK benefits policies

SKILLS / REQUIREMENTS

• 5+ years of UK Benefits experience with focus on UK Healthcare Trusts, risk benefits (e.g. life, disability) and voluntary benefits and working knowledge of UK benefits legislation
• Experience of EMEA and Global Benefits an advantage
• Strong project management and organization skills with superior attention to detail and excellent follow-through
• Results-oriented; ability to successfully manage multiple tasks, take initiative to improve own performance, and ability to work intensely towards extremely challenging goals in the face of obstacles or setbacks
• Ability to develop relationships with people at all levels of the organization and a broad base of stakeholders
• Strong communication, influencing and persuasion skills and comfortable working in a global team that both welcomes and challenges new ideas
• Strong analytical and problem solving skills; ability to perform detailed analysis of problems and identify resolutions; understands when and how to escalate issues to manage risk
• Innovative approach with ability and appetite to challenge existing policies and processes
• Creative strength to transform abstract ideas into tangible actions/products
• Ability to operate in a virtual work environment where teams may be spread across multiple locations
• Self-starting and enthusiastic in approach to work
• Strong understanding of finance and metrics management and reporting
• Advanced computer literacy: Advanced Microsoft Office and Excel skills a requirement

ERNANCE:

• Ensure compliance of all UK benefit programmes in line with internal policy and local regulation and legislation
• Responsibility for managing UK Healthcare Trust governance and supporting UK Healthcare Trustee Board
• Manage programmes within firm Global Governance and Policy and ensure UK benefit programmes operate within the global governance framework
• Manage internal benefits governance ensuring alignment to internal policy, e.g. Records Management
• Seeking relevant approval to all benefit programme/policy changes.

OPERATIONS:

• Day-to-day management of UK Healthcare Trust, including funding
• Manage the effective delivery of UK benefits administration processes via third party administrators including payroll files, tax data and vendor enrolment transactions. Identify and implement ongoing opportunities to automate processes and gain efficiencies across the UK and rest of EMEA locations
• Drive ongoing development of management reporting across all areas of UK benefits and collaborate with rest of UK and EMEA Benefits Team to enable consistent and overall reporting
• Oversee the management of vendor service providers including budget, performance and innovation
• Managing key stakeholders and vendors, ensuring compliance in local jurisdictions and leveraging opportunities to increase the quality of the benefit offerings
• Set and manage budgets for relevant benefits and initiatives across UK Benefits, working with both local and global teams to address questions, prepare budgets, and present analyses / reporting to senior stakeholders

PEOPLE MANAGEMENT:

• Direct line management of the UK Benefits Analyst
• Ability to manage, motivate and drive performance of direct reports

OTHER:

• Collaborate and support broader projects across the EMEA Pensions and Benefits Team as required
• Support and/or provide advisory service to the business including postings, presentations and the delivery of other stakeholder management documentation
• Support and/or advice on merger, acquisition and sale activity as relates to UK benefits policies

SKILLS / REQUIREMENTS

• 5+ years of UK Benefits experience with focus on UK Healthcare Trusts, risk benefits (e.g. life, disability) and voluntary benefits and working knowledge of UK benefits legislation
• Experience of EMEA and Global Benefits an advantage
• Strong project management and organization skills with superior attention to detail and excellent follow-through
• Results-oriented; ability to successfully manage multiple tasks, take initiative to improve own performance, and ability to work intensely towards extremely challenging goals in the face of obstacles or setbacks
• Ability to develop relationships with people at all levels of the organization and a broad base of stakeholders
• Strong communication, influencing and persuasion skills and comfortable working in a global team that both welcomes and challenges new ideas
• Strong analytical and problem solving skills; ability to perform detailed analysis of problems and identify resolutions; understands when and how to escalate issues to manage risk
• Innovative approach with ability and appetite to challenge existing policies and processes
• Creative strength to transform abstract ideas into tangible actions/products
• Ability to operate in a virtual work environment where teams may be spread across multiple locations
• Self-starting and enthusiastic in approach to work
• Strong understanding of finance and metrics management and reporting
• Advanced computer literacy: Advanced Microsoft Office and Excel skills a requirement

ABOUT GOLDMAN SACHS

At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world.

We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers.

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