Payroll & Benefits Analyst

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Payroll & Benefits Analyst

Apply locations London time type Full time posted on Posted 15 Days Ago job requisition id JR100472

Payroll & Benefits Analyst | London

We are Monex, a specialist in commercial foreign exchange. We offer a range of FX services aimed at corporate and institutional clients to manage foreign exchange exposure and international payments. Our team of experts provides personalized and proactive service, helping clients execute thoughtful FX strategies tailored to their specific business needs.

As part of the Monex SAB de CV financial group, we support over 70,200 clients worldwide, offering local expertise in various regions including the UK, Luxembourg, Canada, and Singapore. Our goal is to empower clients to make better-informed business decisions in a fast-moving and volatile market.

Department Overview

Compensation & Benefits Reporting for Monex group of EMEA entities (UK, Canada, Singapore, Netherlands, and Spain). The Compensation & Benefits team plays a vital role in balancing commercial needs, employment law, and best practices while ensuring fair, transparent, and compliant compensation practices across all entities.

Payroll & Compliance: Process monthly payroll, maintain accurate records, conduct payroll checks, and ensure compliance with local tax laws and regulations.

Compensation Planning: Variable compensation structure and schemes. Responsibility for the annual remuneration process for all offices and department.

Governance & Reporting: Prepare compensation reports for Finance and the Board, support governance structures, and align payroll and benefits policies with regulatory and internal requirements.

Benefits Administration: Oversee employee benefits, including health, pension, life assurance, and other programs, manage annual renewals, and communicate updates effectively.

Employee Support: Act as the primary point of contact for payroll and benefits inquiries, providing independent facilitation without offering tax advice.

Reporting, and compensation compliance oversight, the team supports the boards and senior management decision-making and maintains fair and well-regulated compensation practices.

Job Overview

The Compensation & Benefits Coordinator will provide essential support to the Senior Compensation & Benefits Manager and team in administering payroll, benefits, and compliance processes across Monex’s global entities (UK, Canada, Singapore, Netherlands, and Spain).

This role will focus on the administration of compensation policies, payroll processing, benefits administration, and compliance across our global for all countries where Monex is present.

The individual should possess a high level of integrity and be commercially aware, remain confidential and build credibility within the business.

Key Responsibilities & Accountabilities

Global Payroll

• Assist in processing global payroll, ensuring compliance with local tax laws and regulations.
• Monitor legislative updates affecting payroll (e.g., UK Pension Regulation).
• Prepare and submit payroll-related reports to external bodies (e.g HMRC, ONS).
• Assist with review Payroll Finance General Ledger & Month-end processes.

Global Benefits

• Support the review and administration of employee benefits for starters & leavers.
• Track legislative changes impacting benefits and assist in policy updates.
• Coordinate with benefit providers, manage renewals, tenders, and queries.
• Process and reconcile benefit-related invoices/payments in line with company policies.

Policies, Processes & Documentation

• Maintain up-to-date payroll and benefits policies across jurisdictions.
• Ensure consistency in payroll and HR processes while adapting to regulatory changes.

Risk Management & Compliance

• Assist with audits, risk assessments, and payroll compliance reporting.
• Support salary adjustments, payroll, bonus approvals, and benefits administration.
• Prepare documentation for remuneration committee meetings.
• Ensure timely and accurate payroll processing, providing team coverage when needed.

Key Skills & Attributes

• Strong attention to detail and ability to manage confidential data.
• Commercial awareness with an understanding of global payroll and benefits administration.
• Strong organizational and communication skills to liaise with internal and external stakeholders.
• Ability to adapt to changing regulations and business needs.

Business Knowledge / Technical Skills:

• Proven experience as a Payroll Compensation and Benefits within Financial or Professional Services.
• Knowledge of payroll processes in at least 2 of Monex’s office locations.
• Able to demonstrate a clear understanding of the purpose of confidentiality in payroll compliance for employee personal data.
• Intermediate/Advanced - MS Office; Outlook, Word, Excel, PowerPoint.
• Payroll Systems (Globally).
• HR Systems – Workday.
• Databases – FXDB (In House).

If you like wild growth and working with happy, enthusiastic over-achievers, you'll enjoy your career with us!

At Monex, we do our very best every day to ensure that we take good care of our people, as our biggest asset is our highly driven and focused Talent Culture.

We strive to continuously enable our people to develop their full potential by offering the necessary tools and support to empower our people to develop professionally and to take the next step in their career here at Monex.

Teamwork is a paramount part of our Talent Culture as we achieve more when we collaborate and all work together. We take pride in our familial culture with colleagues who are willing to go the extra mile for one another.

We foster a culture of Health and Wellness, encouraging our colleagues to pursue healthy habits and promoting healthy lifestyles.