Performance and Reward Relationship Manager, Global Functions London, England
Job description
Some careers open more doors than others.
If you’re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.
Human Resources leads the implementation of the Group’s people strategy in line with business objectives. We facilitate talent management, succession planning and employee mobility while defining and overseeing frameworks that support employee performance management, reward, learning and development, resourcing and engagement.
As an HSBC employee in the UK, you will have access to tailored professional development opportunities and a competitive pay and benefits package. This includes private healthcare for all UK-based employees, enhanced maternity and adoption pay and support when you return to work, and a contributory pension scheme with a generous employer contribution.
The incumbent will be responsible for leading the delivery of the performance and reward (P&R) strategic priorities for Global Functions and manage the overall P&R agenda for their client group to enable business performance. This includes providing expertise and strategic guidance on reward, performance management, business incentives, executive compensation, deferred reward, global mobility, employee benefits and wellbeing to support the Bank’s strategic objectives and local business priorities.
In this role, you will:
- Provide leadership and strategic guidance, constructive challenge and technical consultancy on the full spectrum of P&R matters, including complex and sensitive matters such as designing reward frameworks and sizing senior compensation packages
- Interpret and advise on P&R policies and provide expert guidance to senior management on all elements of P&R. Where necessary, liaise with specialist colleagues to seek input and provide feedback on complex matters involving benefits, executive compensation, global mobility, deferred reward and wellbeing
- Partner with HR business partners and senior leaders to design and implement effective compensation and benefits strategies that support the organization's goals and values
- Provide P&R expertise and leadership in support of the delivery of the Global Functions strategic business objectives
- Work with P&R colleagues to act as an escalation point to ensure the successful implementation of P&R initiatives, processes and products in line with Global, Regional and Country objectives
- Act as the voice of the business for P&R related activities, feeding back to Group Reward and Specialist Teams with insights from the business to improve policies and processes and enhance the customer experience
- Maintain expert specialist knowledge by keeping abreast of published materials, competitor practice, external market developments and trends and legislative and regulatory developments
- Conduct market research and analysis to benchmark Global Functions and relevant client group compensation and benefits programs against industry standards and identify opportunities for improvement.
- Lead the annual pay review for the relevant client group which would typically involve supporting the variable pay accruals process and review, fixed pay budgeting, pools modelling and allocation, review of the annual pay proposals with the Business Heads and HR Business Partners
To be successful in this role you should meet the following requirements:
- Strong stakeholder management and influencing skills with the ability to engage a diverse stakeholder group, including senior populations is essential
- Extensive knowledge of Performance and Reward practices in global organisations is essential
- Experience in Financial Services would be valuable but is not essential
- Strong business acumen with an ability to link business strategy to people practices; ability to
