Global Reward Partner, Insurance

3 days ago

Hong Kong, Central and Western District, Hong Kong SAR China HSBC Full time

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. It facilitates talent management, succession planning and employee mobility while defining and overseeing frameworks that support employee performance management, reward, learning and development, resourcing, and engagement.

We are currently seeking a high calibre professional to join our team as a Global Reward Partner, Insurance.

Principal Responsibilities

The incumbent will be responsible for working with the Global Head of P&R for IWPB in supporting the delivery of the performance and reward (P&R) strategic priorities for IWPB and managing the overall P&R agenda for Insurance 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.

Principal Accountabilities

  • Provide leadership and strategic guidance, constructive challenge and technical consultancy on the full spectrum of P&R matters.
  • 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.
  • Lead the annual pay review for the relevant client group.
  • Work with P&R colleagues to ensure the successful implementation of P&R initiatives, processes and products in line with business objectives.
  • 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.
  • The jobholder has responsibility for overseeing and ensuring that operational risks are managed in accordance with the Group Standards Manual, Risk FIM, & relevant guidelines & standards.
  • Maintain HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.

Key Challenges

  • 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.
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