VP, Performance and Reward Partner, CIB

HSBC Global Services Limited • New York, NY

1d

About The Position

The incumbent will be responsible for leading the delivery of the performance and reward (P&R) strategic priorities for specific portfolios within CIB (Corporate Institutional Banking) in the US, manage the overall P&R agenda for their client groups to enable business performance and support global projects. 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.

Requirements

• Experience in performance management and compensation
• SME in annual pay review, fixed and variable pay, performance management, and market data processes
• Knowledge of pay ranges and their impact
• Experience with internal equity reviews and performance and reward governance
• Proven ability to partner with HR colleagues and senior business leaders
• Proficient in Excel and spreadsheet analysis

Nice To Haves

• Banking or financial institution experience, preferred

Responsibilities

• 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 on complex matters involving benefits, executive compensation, global mobility, deferred reward and wellbeing
• Provide P&R expertise and leadership in support of the delivery of respective Strategic Business Objectives
• Lead the annual pay review for the relevant client group
• 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 business 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
• Provide expertise and feedback to specialist teams on reward, performance management, executive compensation, deferred reward, global mobility, employee benefits and wellbeing initiatives to ensure they meet customer needs
• Maintain expert specialist knowledge by keeping abreast of published materials, competitor practice, external market developments and trends and legislative and regulatory developments
• Responsible for developmental activity for junior team members which may include P&R Analysts, Operations, Consultants and Specialists

Benefits

• competitive pay and benefits package
• robust Wellness Hub
• tailored professional development opportunities
• industry-leading volunteerism policy
• generous matching gift program
• comprehensive program of immersive Sustainability and Climate Change Initiatives
• Employee Resource Groups

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Education Level: No Education Listed