Assistant Vice President - Performance and Reward Consultant

Some careers have more impact than others. 

If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be. 

HSBC is one of the largest banking and financial services organizations in the world, with operations in 62 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realize their ambitions. 

We are currently seeking an experienced professional to join our team in the role of Assistant Vice President - Performance and Reward Consultant. 

Purpose of the role   

The Performance and Reward Consultant will drive the design, implementation, and continuous improvement of HSBC’s benefits and reward programmes. The role holder plays a pivotal part in shaping new-age benefits, reviewing and updating existing policies, and ensuring our offerings remain competitive, compliant, and impactful. The role holder will cover dual accountability of P&R relationship management and leading functional work-streams. 

In this role, you will: 

• 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. 

• 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. 

• 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. 

• Stay abreast of legislative and regulatory developments impacting benefits and reward programmes. 

• Support the creation and implementation of new benefit policies, including digital health, flexible benefits, and wellbeing anchors 

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. 

• Strong consulting, customer service, and organisational skills with the ability to navigate through complex matrix organisations. 

You’ll achieve more at HSBC 

Hsbc.Com/Careers  

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, nationa