Job title: Assistant Vice President - Performance and Reward Consultant
Purpose Of The Role
As a Benefits & Reward Portfolio Specialist, you will drive the design, implementation, and continuous improvement of HSBC's benefits and reward programmes. You'll play a pivotal role in shaping new-age benefits, reviewing and updating existing policies, and ensuring our offerings remain competitive, compliant, and impactful. Role holder will cover dual accountability of P&R relationship management and leading functional work-streams.
In This Role, You Will
Benefits & Reward Programme Management
- Be a strategic reward partner extending strategic support in ideation, design, and launch of innovative benefits and reward initiatives, ensuring alignment with business needs and market trends.
- Conduct regular reviews and benchmarking of existing benefit and reward policies, making recommendations for enhancements or new offerings.
- Prepare cost-benefit analyses and business cases for proposed changes, ensuring programmes are effective and sustainable.
Stakeholder Navigation & Relationship Management
- Act as a strategic partner to HR Business Partners and business leaders, providing expert advice on benefits and reward matters.
- Build and maintain strong relationships across a complex, matrixed organisation, ensuring alignment and buy-in for key initiatives.
Vendor Management
- Manage relationships with external vendors and market data providers, ensuring high-quality service delivery and value for money.
- Lead vendor selection, contract negotiation, and ongoing performance reviews to support benefit and reward programme objectives.
Policy Change & Compliance
- Stay abreast of legislative and regulatory developments impacting benefits and reward programmes.
- Lead the review and update of policies to ensure compliance and competitiveness.
- Support the creation and implementation of new benefit policies, including digital health, flexible benefits, and wellbeing anchors.
Analytics & Reporting
- Monitor and analyse key reward and benefit metrics, identifying trends, issues, and opportunities for improvement.
- Prepare and present reports to senior stakeholders, highlighting programme effectiveness and recommendations.
Leadership & Teamwork
- Lead the implementation of P&R initiatives for the client group. Examples include the creation of global objectives and managing recognition programmes.
- Responsible for ongoing monitoring of all key P&R metrics, highlighting issues, trends and providing costbenefit analysis of P&R initiatives - Maintain P&R knowledge by keeping abreast of published materials, competitor practice, external market developments and trends and legislative and regulatory developments.
- Responsible for providing effective, relevant, and timely reporting, analysis and insights to support the execution of P&R policies and programs - Responsible for ongoing monitoring of all key P&R metrics, highlighting issues, trends.
To Be Successful You Will
- Strong understanding of reward and benefit legislation, statutory requirements, and market trends.
- Experience in benefit and reward programme design, policy review, and vendor management.
- Excellent stakeholder management and relationship-building skills in a matrixed environment.
- Strong analytical, research, and problem-solving abilities.
- High regard for confidentiality and discretion.
- Ability to work independently and manage multiple priorities in a high-volume environment.
Others
- Ability to work well independently in a high volume environment - Relationship Management; ability to navigate through complex, matrix organizations - Strong consulting, research, customer service, problem-solving and organizational skills
www.hsbc.com/careers
You'll achieve more at HSBC
HSBC is an equal opportunity employer committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and, opportunities to grow within an inclusive and diverse environment. We encourage applications from all suitably qualified persons irrespective of, but not limited to, their gender or genetic information, sexual orientation, ethnicity, religion, social status, medical care leave requirements, political affiliation, people with disabilities, color, national origin, veteran status, etc., We consider all applications based on merit and suitability to the role.
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