Summary
Overview
Work History
Education
Skills
Hobbies and Interests
Timeline
Generic
ANGELA RAYNER

ANGELA RAYNER

Melbourne,Australia

Summary

Experienced leader in global remuneration strategy and executive compensation with over 25 years of expertise in aligning reward structures with business goals and regulatory requirements. Proven track record of successfully managing complex M&A integrations, designing effective incentive programs, and advising boards on governance frameworks. Adept at driving organizational compliance with APRA standards, CPS 511, FAR, and other regulatory mandates while enhancing risk management and people performance.

🔹 Areas of Expertise:
✅ Executive Remuneration & Governance (CPS 511, FAR, and other APRA Standards, ASIC and Corporations Act Remuneration Requirements)
✅ Reward & Performance Strategy for Global Enterprises
✅ Mergers & Acquisitions (Post-M&A Reward Integration)
✅ Short & Long-Term Incentives, Sales & Equity Plans
✅ Board & C-Suite Advisory | Compliance & Risk Management
✅ Change Leadership | Organizational Design | People Risk

Overview

25
25
years of professional experience

Work History

Director Regulatory & Governance

Mercer Australia
Melbourne, Victoria
05.2024 - 06.2025

Leading as the subject matter expert of the People Empowerment Stream within Mercer Superannuation's APRA Remediation Program, "Elevate".

Developed detailed objectives and design required for each of the deliverables within the stream, ensuring that the frameworks implemented as part of the stream are translated into ongoing operational requirements and embedded to ensure the ongoing resilience and compliance.

Specific deliverables achieved;

  • Corporate Prudential Standard 511 (CPS 511) operational effectiveness review and uplift to policies, process and procedures.
  • Board engagement and uplift to Board Charters and annual Board engagement plan
  • Operational Guide for CPS 511
  • Risk Traceability Matrix and Controls for CPS 511
  • Refreshed process for identifying Regulated Roles with detailed process maps
  • Risk Culture Framework rolled out through the business
  • Delivery of Day for the Financial Accountability Regime (FAR)
  • Organisational design of the FAR Office roles, structure and detailed activities.

.

General Manager, People Risk Reward & Governance

AIA Australia
Melbourne, Australia
10.2018 - 05.2024


🎯 **General Manager People Risk, Reward & Governance | AIA Australia (2018 – 2024)**
- Leading a team of five SMEs across, reward, recognition, performance, benefits, mobility and Line 1 People Risk Line 1.
- Led the payroll function for 18 months.
- Led the implementation of APRA's CPS 511, enhancing remuneration governance, consequence management & risk oversight.
- Led the design, implementation and embedding of M&A integration strategies for AIA's acquisition of CBA's ASB (NZ), CMLAS, and CBA Financial Advice into AIA Australia and New Zealand
- Advised the Board Remuneration Committee and executive teams on risk aligned pay strategies.

Key achievements in the role;

  • Successful implementation of CPS 511 for AIA Australia with enhancements in all areas of remuneration design, consequence management and risk oversight as well as third party management requirements as stipulated by CPS 511
  • Integration of ASB in NZ and CMLAS and CBA Financial Advice into Australia to AIA
  • Reward and incentive harmonisation across three employment entities
  • Built a new People Risk Performance and Total Rewards function to oversee the growth in the organization as well as increased regulatory requirements
  • Oversight of Payroll for the initial 18 months in role, then Payroll moved to Shared Services
  • Launched 'Better Customer Outcomes' risk and remuneration framework in response to APRA's heightened expectations of linking risk and reward
  • Oversight and support to the Board Remuneration Committee
  • Successful launch of a new Performance Process and Performance Management Reporting Framework for the Executive Leadership team

Director and Principal Consultant

The Reward Space Consulting
Sydney And Melbourne, Australia
04.2017 - 09.2018

🎯 **Reward Consultant | The Reward Space Consulting (2017 – 2018)**

Executive Reward Consulting for a number of listed and non-listed organisations including BT Investment Management, Suncorp Group, Australian Unity and Commonwealth Bank of Australia.
- Program Manager for Suncorp’s BEAR regulatory framework, reporting to the EGM of Performance &
Reward leading a nine workstream program for the successful implementation of BEAR into Suncorp.
- Led reward a reward stream for Commenwealth's Bank APRA remediation program.
- Engaged by Australian Unity for consulting on BEAR and Incentives.
- Engaged by BT Financial Services to re-write the Annual Remuneration Report.

Head of Reward

Coles Supermarkets
Melbourne
03.2015 - 07.2017


🎯 **Head of Reward | Coles Group (2015 – 2017)**
- Designed and launched a new LTI plan for 10,000+ employees, optimizing incentive structures and governance.
- Implemented a new role grading structure - Mercer's IPE Grading.
- Enhanced incentive design metrics (KPIs) for greater alignment to strategy.
- Achieved significant in cost savings by implementing new reward governance processes.

- Led Mobility and Fleet management

- Led advice to the Wesfarmers Board on the Coles CEO and General Manager remuneration.

- Led the re-design of the Coles reward team into a Centre of Excellence.

General Manager Remuneration and HRSS

Aristocrat Technologies
Sydney
02.2014 - 02.2015


🎯 **General Manager Remuneration and HRSS | Aristocrat Group (2014 – 2015)**
- Led the global Compensation and Benefits function at Aristocrat Technologies, providing strategic advice on remuneration and benefits, including a re-design of the Long-Term-Incentive Plan.
- Led and launched the design of a Quality Incentive Plan for the Global Games design team.

- Led incentive design for US and Asia based employees.

- Led the implementation of new careers based grading framework

Head of Reward Australasia and North Asia

British American Tobacco
Sydney
01.2009 - 01.2014

🎯 **Head of Reward | British American Tobacco (BAT) (Jan 2009 – Dec 2013)**
- Managed reward operations for 11 Asia-Pacific markets comprising of 7,000 employees.
- Designed & implemented several incentive plans accross the region.
- Managed five local Board Remuneration Committees in the markets under my remit.
- Designed a Total Rewards training program for the Asia RegionNorth Asia and Australasia, British American Tobacco Initially the role was responsible for HR Shared Services and Reward for BAT's Australasia operations

- Led the Payroll Operations team and projects that serviced Australasia

- As part of a Reward Centre of Expertise, the role was responsible for the strategic management of BAT's reward offerings within the designated Asia Pacific Cluster. The markets in this cluster were; Australia, New Zealand, Oceania, Japan, Korea, Hong Kong China and Taiwan.

Head of Performance and Reward (Contracts)

BT Financial Group and Mulitplex (Brookfields)
Sydney
10.2007 - 12.2008

Returned to Australia from the UK and undertook two contracts for Head of Reward.
Multiplex Delivered
- Led the reward structure design or the Top 25 organisational roles post the Brookfield acquisition of Multiplex.

- Led the design and implementation of a new LTI post the Brookfield acquisition moving from a shares based to a phantom based plan.

BT Delivered
- BT Financial Group End to end responsibility for PM&R projects and the Policy portfolio within BTFG, ensuring effective design, delivery and implementation of policies, programs and tools that align to both Westpac and BT cultural strategy.

- Led the design of a performance curve re-distribution to retain key talent be ensuring funds were allocated to the highest performers.

Head of Reward Integration

British Telecom
London, UK
10.2004 - 09.2007

Company Overview: BT Global Services (BTGS) is British Telecom's International business with almost 30,000 expert and experienced people around the world.

- Led the reward integration of M&A actiity in Europe and the US collaborating with cross-functional global teams to ensure seamless implementation.

- M&A integration included blue and white collar employees that participated in a variety of programs across multiple jurisdictions.

Head of Reward and Recognition

Atos KPMG Consulting
London, UK
11.2002 - 09.2004

Company Overview: Atos KPMG Consulting was part of the Atos Origin group in the UK.As Head of Reward & Recognition I was responsible for reward strategy and implementation for the UK organisation comprised of 7,000 employees

• Led M&A reward, performance and benefits integration as a result of Atos' acquisition of KPMG's UK consulting business.
- Led a team of four providing performance, reward, recognition and mobility services.

Head of Executive Reward

AMP
Sydney And London, NSW And UK
05.1998 - 02.2002

- Accountable for remuneration strategy and implementation for AMP's CEO, Senior Management Team and Top 200 International Executives reporting directly to the Board and the CEO on the Annual Report Executive Remuneration Disclosures.

- Led the re-design of Executive Incentives ahead of AMP's public listing.

- Led the design and implementation for new Executive Reward programs in Private Equity.

- .Led a recognition program for the 2000 Sydney Olympics.

Human Resources - Various Roles

AMP Group Australia
Sydney, Australia
01.1995 - 04.1998

- Led Organisational Design for AMP Capital

- Senior HR Business Partner

- Employee Relations Manager

- Payroll Consultant

Education

Masters in Commerce - Commerce (Human Resource Management)

University of New South Wales
Sydney, Australia

Bachelor of Arts - History and Literature

University of New South Wales
Sydney, Australia

Graduate Diploma of Corporate Governance -

Swinburne University
Melbourne, VIC

Skills

  • Remuneration Design
  • Executive Remuneration
  • Leading Hybrid Teams
  • Board Advice and Reporting
  • Change Management
  • M&A Reward Integration
  • Performance Management
  • Reward Design of Short and Long Term Incentives
  • Budgets
  • Strategy
  • Reward Governance
  • Risk and Compliance
  • Recognition
  • Employee Benefits

Hobbies and Interests

  • Apiarist
  • Gardening

Timeline

Director Regulatory & Governance

Mercer Australia
05.2024 - 06.2025

General Manager, People Risk Reward & Governance

AIA Australia
10.2018 - 05.2024

Director and Principal Consultant

The Reward Space Consulting
04.2017 - 09.2018

Head of Reward

Coles Supermarkets
03.2015 - 07.2017

General Manager Remuneration and HRSS

Aristocrat Technologies
02.2014 - 02.2015

Head of Reward Australasia and North Asia

British American Tobacco
01.2009 - 01.2014

Head of Performance and Reward (Contracts)

BT Financial Group and Mulitplex (Brookfields)
10.2007 - 12.2008

Head of Reward Integration

British Telecom
10.2004 - 09.2007

Head of Reward and Recognition

Atos KPMG Consulting
11.2002 - 09.2004

Head of Executive Reward

AMP
05.1998 - 02.2002

Human Resources - Various Roles

AMP Group Australia
01.1995 - 04.1998

Masters in Commerce - Commerce (Human Resource Management)

University of New South Wales

Bachelor of Arts - History and Literature

University of New South Wales

Graduate Diploma of Corporate Governance -

Swinburne University
ANGELA RAYNER