Share Plan Manager - Rio Tinto - London, UK - 10 July 2009
Share Plan Manager - London
Salary is between £60-93k; target Short Term Incentive Plan of 20%;
£5,340 annual car allowance; 27 days vacation and more.
The role is located
within Rio Tinto’s Corporate HQ in London/Paddington.
Thank you,
Meredith Mackris
Senior Recruitment Specialist, Recruitment & Talent -
People & Organization Support
Rio Tinto
London Contact Information:
2 Eastbourne Terrace, London, W2 6LG UK
T: +44 20 7781 1194 M: 00 1 801-201-8408
4700 Daybreak Parkway, South Jordan, Utah,
84095, USA
T: 801-204-2569 M: 801-201-8408 F: 801-204-2879
meredith.mackris@riotinto.com
http://www.riotinto.com
Description:
Rio Tinto is a leading international
mining group headquartered in the UK. Rio Tinto's business is finding,
mining, and processing mineral resources. Major products are aluminum,
copper, diamonds, energy (coal and uranium), gold, industrial minerals
(borax, titanium dioxide, salt, talc) and iron ore.
The Rio Tinto Group combines Rio Tinto
plc and Rio Tinto Limited in a Dual Listed Companies (DLC) structure
and consists of more than 1,100 subsidiaries and other entities.
The Group’s workforce nearly trebled on the acquisition of Alcan Inc
and currently includes about 100,000 employees. The Company Secretarial
function is divided into three regions: Americas; Asia Pacific and EMEA.
An outstanding opportunity exists for
a Share Plan Manager to join the Company Secretarial team based
at the Rio Tinto functional headquarters in London, reporting to the
Deputy Secretary. The Company Secretarial team for the EMEA region
is based in London and is responsible for:
- supporting shareholders, the
board for the Dual Listed Companies (the DLC), its board committees,
executive committees and directors and officers of the Group's regional
entities and their subsidiaries; - providing leadership in corporate
governance, compliance & disclosure; - providing company secretarial
services required to support corporate & business unit activities
regionally; - managing the administration
the Group’s executive and employee share plans; - managing relationships with
regulators, stock markets and key service providers such as the Group’s
share registrars; - playing a key role in developing
and implementing Group policies and standards relating to governance,
compliance and secretarial practice for use across the region.
The Rio Tinto Group operates a number
of global share plans. These range from a relatively simple UK
tax-approved Share Incentive Plan to more complex long-term executive
share plans with a range of eligibility and vesting criteria.
The Group’s share plans currently
include the following:
- Share Savings Plan (SSP),
which is an all employee share option plan open to eligible employees
in more than 30 jurisdictions. This includes a UK tax-approved
plan. - Share Ownership Plan, a UK
tax-approved share incentive plan for eligible UK employees. Approximately
400 participants are eligible to receive Free share grants and approximately
300 participate in the Partnership and Matching share arrangement. - Share Option Plan (SOP), a
discretionary option plan awarding eligible participants with share
options which vest providing specific performance conditions are met.
The Plan includes approximately 1500 participants. This plan has
a UK tax-approved component. - Mining Companies Comparative
Plan (MCCP) provides eligible participants with a conditional right
to receive shares subject to specific performance conditions being satisfied.
The Plan covers approximately 700 participants. - Management Share Plan (MSP),
a restricted share plan, with approximately 1400 participants. - Bonus Deferral Plan (BDP),
a restricted share plan with approximately 150 eligible participants.
Prior to 2009, the executive share plans
were managed in house. In 2009, outsourcing of this administration
to the Group’s share registrar, Computershare, commenced. This
outsourcing process is in progress and is planned to be completed during
2009.
The primary objective of the Group’s
Share Plan Manager will be to provide strategic direction, leadership
and management of all of share plans globally, coordinate with internal
stakeholders and manage the global relationship for share plans with
the Group’s registrar and other outsourced administrators.
The main accountabilities of the Share
Plan Manager include:
- Management and completion
of the outsourcing of global long-term incentive plans administration
to Computershare. - Management of global relationship
with Computershare. - Day-to-day management of all
aspects of long-term incentive plans (both before and after outsourcing)
from grant to vest/exercise/lapse. - Management of global all-employee
share plans from grant to vest/exercise/lapse. - Ensure all share plan administration
processes are defined and fully documented. - Ensure all relevant documentation
and communications are defined and issued in a timely manner. - Ensuring intercompany charges
are conducted in line with Rio Tinto global policy. - Assisting in the completion
of any statutory tax and regulatory filings. - Coordination of regular periodic
tax and regulatory reviews in relation to share plans - Provide management information
as required including input into the Annual Report and Accounts. - Direct management of the share
plan administration team comprising 2 Share Plan Administrators.
The
Group share plan manager is required to coordinate with the following
internal stakeholders:
- Company Secretarial
- HR
- Payroll/Shared Services
- Group companies for inter
company charges - Tax
- Controllers
- IS&T
The Group Share Plan Manager is required
to liaise with the following external parties:
-
- Computershare
- Additional share plan administrators
- External advisers (as appropriate)
The successful candidate will be able
to demonstrate the following:
- Significant experience in
global share plan administration. - Strong academic background
in law, corporate secretarial or finance disciplines or specific share
plan administration qualifications (e.g. ICAS). - In-depth, international and
broad experience in share plan administration. - Demonstrated project management,
team management and leadership skills. - Solid knowledge of relevant
legislation and ability to grasp complex finance and legal issues. - Strong communication skills
across all potential mediums. - RFP (Request for Proposal)
experience is helpful.
Qualified candidates should apply online:
https://riotinto.taleo.net/
Topic | Replies | Likes | Views | Participants | Last Reply |
---|---|---|---|---|---|
Looking for attorneys who want to enforce section 16 (b) of the 1934 Securities Act Act | 0 | 0 | 728 | ||
JOB BOARD: Stock Plan Administrator, Downers Grove, IL | 0 | 0 | 1112 | ||
JOB BOARD: Business Operations Manager, Global Stock Plan Services, Research Triangle Park, NC | 0 | 0 | 774 |