Job description
Our purpose – Opening up a world of opportunity – explains why we exist. Here at HSBC we use our unique expertise, capabilities, breadth and perspectives to open up new kinds of opportunity for our more than 40 million customers. We’re bringing together the people, ideas and capital that nurture progress and growth, helping to create a better world – for our customers, our people, our investors, our communities and the planet we all share.
The Performance and Reward (P&R) team provide technical expertise to guide HSBC’s approach to performance management, compensation, mobility, pensions, benefits, deferred reward and recognition. The Head of P&R US leads the P&R strategy and delivery for the US market. The role holder brings thought leadership and advice, maintaining alignment with Group P&R strategy and incorporating US regulatory requirements.
Essential Functions/Responsibilities:
Provide strategic guidance, thought leadership, constructive challenge, and technical consultancy on all P&R matters, including performance management, compensation (including for senior executives), deferred reward and employee pensions, benefits and wellbeing to support the Group’s strategic objectives and business/geographical priorities
Manage relationships with key stakeholders including the US Board, US CEO and members of the US Operating Committee
Maintain alignment between the Group, Global and Geographical/Business performance and reward strategies and incorporate local regulatory requirements
Maintain expert specialist knowledge by keeping abreast of published materials, competitor practice, external market developments and trends and legislative and regulatory developments
Ensure HSBC delivers on all respective regulatory commitments in the US. Support global regulatory requirements where they relate to the US
Design US benefits frameworks, policies and administration within the overall Group Benefits framework, including pension plan management
Manage the annual pay review for the US market, including funding cascade, fixed pay review, MRT identification and senior stakeholder support
Lead P&R related agenda items at the relevant subsidiary remuneration committee, presenting agenda items as required and following through on agreed actions
Lead the implementation of P&R specialist interventions and projects in the US, providing guidance and support to the People function to ensure delivery of People and business objectives
Ensure compliance with HSBC policy and procedures, together with early identification and effective resolution of issues that arise
Drive the definition and embedding of People policy and governance frameworks across the US to ensure effective risk management and regulatory compliance
Provide direction and guidance on incorporating risk and compliance and behavior aspects into performance and reward decisions
Ensure all legal, tax and current remuneration regulations are met in the US, liaising with regulators on all compensation and benefits matters, as appropriate
Lead, develop and motivate a team of professionals to attract, retain and develop the capacity, capability and talent to provide for succession and ensure delivery of business objectives
Lead and/or contribute to global P&R and US People initiatives and projects
For this role, HSBC targets a pay range between $230,000.00 and $280,000.00
The final fixed pay offer will depend on the candidate and a number of variables, including but not limited to, role responsibilities, skill set, depth of experience and education, licensing/certification requirements, internal relativity, and specific work location.
At HSBC, our overall goal is to provide a competitive Total Reward Package, with an appropriate mix of fixed pay, and variable pay, as part of an employee’s overall total compensation and benefits. Variable pay generally takes the form of discretionary, annual awards (sometimes referred to as a “bonus”). Additionally, HSBC offers a wide range of competitive and flexible benefits designed to help you improve your health and well-being, finances, and lifestyle.
Requirements
You'll likely have the following qualifications to succeed in this role:
Degree in Business Management or related field
Minimum 10-15 years’ experience in Reward roles, including benefits and performance and experience in a leadership role
Extensive knowledge of financial services performance and reward practices in global organisations, including legal and regulatory environment
Strong business acumen with an ability to link business strategy to people practices; ability to apply critical analysis and judgment when reviewing activities
Set a clear vision for the team and energetically drives the team towards it, with a shared sense of ownership
Proven experience in leading significant change programs, working in a matrix environment is a plus
Proven ability to shape and influence key strategic plans in support of business needs, while operating in a dynamic and challenging environment
Demonstrated people management and facilitation skills
Excellent interpersonal, consulting, written and verbal communication skills, particularly when it comes to drafting and presenting papers to executive and Board level stakeholders
Ability to project manage multiple and conflicting projects for self and others, within a specified format and process
Able to effectively manage a large and complex workload, with experience of identifying and driving initiatives on a personal and group basis
Strong influencing skills with the ability to operate with senior populations
In compliance with applicable laws, HSBC is committed to employing only those who are authorized to work in the U.S. HSBC may engage in immigration sponsorship for this position if needed.
As an HSBC employee, you will have access to tailored professional development opportunities to ensure you have the right skills for today and tomorrow. We offer a competitive pay and benefits package including a robust Wellness Hub, all in a welcoming, diverse and inclusive work environment. You will be empowered to drive HSBC’s engagement with the communities we serve through an industry-leading volunteerism policy, a generous matching gift program, and a comprehensive program of immersive Sustainability and Climate Change Initiatives. You’ll want to join our Employee Resource Groups as they play a central part in life at HSBC, including the development of our employees and networking inside and outside of HSBC. We value difference. We succeed together. We take responsibility. We get it done. And we want you to help us build the bank of the future!
All qualified applicants will receive consideration for employment without regard to age, ancestry, color, race, national origin, ethnicity, disability or medical condition, genetic information, military or veteran service, religion, creed, sex, gender, pregnancy, childbirth, caregiver status, marital status, citizenship or immigration status, sexual orientation, gender identity or expression or any other trait protected by applicable law.