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244 HSBC Group Jobs

Vice President Performance and Reward Consultant

HSBC electronic data processing india pvt ltd

based on 4.7k Reviews

2-3 years

Mumbai

1 vacancy

Vice President Performance and Reward Consultant

HSBC Group

posted 9d ago

Flexible timing

Key skills for the job

+ 3 more

The incumbent will be responsible for working with the Heads of P&R in supporting the delivery of the performance and reward (P&R) strategic priorities and managing the overall P&R agenda for their client groups to enable business performance.
This includes providing expertise and strategic guidance on reward, performance management, executive compensation, deferred reward, global mobility, employee benefits and wellbeing to support the Bank s strategic objectives and local business priorities.

What you ll do:

Provide guidance, constructive challenge and technical knowledge on the full spectrum of P&R matters
Interpret and advise on P&R policies and provide expert guidance on all elements of P&R. Where necessary, liaise with specialist colleagues to seek input on complex matters involving benefits, executive compensation, global mobility, deferred reward and wellbeing
Participates in reviewing, formulating and designing proposals for reward and benefits policies, job evaluation, market benchmarking activities and performance related incentives and programs
Support the annual performance and pay review for the relevant client group
Work with internal colleagues and vendors and suppliers to ensure the successful implementation of P&R initiatives, processes and products in line with business objectives
Maintain specialist knowledge by keeping abreast of internal policies, competitor practice, external market developments and trends, and legislative and regulatory developments
Translate data and reporting into analysis by interpreting the data and providing insights

Requirements

Qualifications

What you will need to succeed in the role:

The role holder is guided by local laws/regulations in the jurisdictions in which he/she operates
Factoring all relevant labour, taxation, political and cultural issues into P&R recommendations
The changing regulatory requirements relating to compensation, finding the balance between market pressures and commercial considerations.
Effectively managing stakeholders and ensuring appropriate alignment between local and global practices and requirements

What additional skills will be good to have

Strong collaboration skills with the ability to engage a diverse stakeholder group, including senior populations
Extensive knowledge of financial services performance and reward practices in global organizations
Highly proactive, ability to work in a matrix environment and support counterparts in global, regional and country teams
Strong track record of analytical skills, ability to interpret and to draw insights from data and present effectively to stakeholders
Strong business acumen with ability to apply critical analysis and judgment when reviewing activities
Knowledge of legal and regulatory environment