At a Glance
- Tasks: Shape HSBC's response to remuneration rules and manage employee compensation queries.
- Company: Join HSBC, a global leader in financial services with diverse opportunities.
- Benefits: Enjoy private healthcare, enhanced maternity pay, and a generous pension scheme.
- Why this job: Be part of a dynamic team influencing executive compensation in a complex global environment.
- Qualifications: Deep understanding of executive remuneration and regulatory issues is essential.
- Other info: Hybrid working pattern available; commitment to diversity and inclusion.
The predicted salary is between 43200 - 72000 £ per year.
1 month ago Be among the first 25 applicants
If you’re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. Whether you want a role 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.
The People function facilitate talent management, succession planning and employee mobility while defining and overseeing frameworks that support employee performance management, reward, learning and development, resourcing and engagement.
As an HSBC employee in the UK, you will have access to tailored professional development opportunities and a competitive pay and benefits package. This includes private healthcare for all UK-based employees, enhanced maternity and adoption pay and support when you return to work, and a contributory pension scheme with a generous employer contribution.
We are currently seeking an individual to join this team in the role ofExecutive Compensation Specialist.
The role provides an opportunity to shape HSBC’s response to the expected changes in the remuneration rules by the PRA/FCA and an opportunity to work in a complex global organisation with exposure to multiple regulatory requirements.
The role is part of the Group Compensation team, with the opportunity to take on other reward projects to build knowledge and experience.
In this role you will:-
- Ensure reward policies comply with the remuneration requirements under the PRA/FCA remuneration rules as applicable to banks, asset management and insurance firms.
- Lead and manage, along with the Group Risk team, the bi-annual material risk taker identification for the UK regulated entities and the employee communication process.
- Lead and manage preparation of the annual Remuneration Policy Statements, year-end regulatory submissions and Pillar 3 disclosures.
- Be a central point of contact for teams in other regions as a specialist on remuneration regulations and advise colleagues locally and globally on employee compensation queries.
- Partner with colleagues locally and globally to prepare board/remuneration committee papers, design of bespoke remuneration plans and ensure streamlined delivery of regulatory compensation submissions and external reporting.
- Lead and coordinate the Group’s responses to consultations on remuneration regulation matters.
- Work closely with internal stakeholders to ensure effective implementation of governance processes on regulatory requirements as part of annual pay review process.
- Assist with the development of control and assurance procedures to help ensure compliance with both internal and external global standards on reporting and controls.
To be successful in this role you should meet the following requirements:-
- Deep understanding of executive remuneration and financial services regulatory issues impacting the UK is essential, including relevant legislation in this field (e.g. PRA/FCA Remuneration Codes (covering dual-regulated firms, UCITS, AIFMD and MIFIDPRU), EBA Guidelines on sound remuneration).
- Strong practical experience of preparing, reviewing and submitting UK regulatory reporting requirements for remuneration is essential, including Pillar 3, Remuneration Policy Statements, High Earner and Benchmarking Reports.
- Ability to ensure that deadlines are appropriately planned for and met, particularly in a pressurised and deadline driven environment.
- Ability to communicate complex information in a succinct and credible manner, both orally and written, directly with Senior Management.
- Excellent Excel skills with the ability to deal with and analyse large sets.
The base location for this role will beLondon and with a hybrid working pattern
Being open to different points of view is important for our business and the communities we serve. At HSBC, we’re dedicated to creating diverse and inclusive workplaces – no matter their gender, ethnicity, disability, religion, sexual orientation, or age.
We take pride in being a Disability Confident Leader and will offer an interview to people with disabilities, long term conditions or neurodivergent candidates who meet the minimum criteria for the role.
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Executive Compensation Specialist employer: Jobs for Humanity
Contact Detail:
Jobs for Humanity Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Executive Compensation Specialist
✨Tip Number 1
Familiarise yourself with the PRA/FCA remuneration rules and guidelines. Understanding these regulations will not only help you in interviews but also demonstrate your commitment to compliance and governance, which is crucial for the role.
✨Tip Number 2
Network with professionals in the financial services sector, especially those involved in executive compensation. Engaging in conversations can provide insights into industry trends and may even lead to referrals or recommendations.
✨Tip Number 3
Prepare to discuss your experience with regulatory reporting requirements, particularly Pillar 3 and Remuneration Policy Statements. Being able to articulate your hands-on experience will set you apart from other candidates.
✨Tip Number 4
Showcase your analytical skills by discussing how you've used Excel to manage and analyse large datasets in previous roles. This practical example will highlight your ability to handle the technical aspects of the job effectively.
We think you need these skills to ace Executive Compensation Specialist
Some tips for your application 🫡
Understand the Role: Before applying, make sure you thoroughly understand the responsibilities and requirements of the Executive Compensation Specialist role. Tailor your application to highlight your relevant experience in executive remuneration and financial services regulatory issues.
Highlight Relevant Experience: In your CV and cover letter, emphasise your practical experience with UK regulatory reporting requirements for remuneration, such as Pillar 3 and Remuneration Policy Statements. Use specific examples to demonstrate your expertise.
Showcase Communication Skills: Since the role requires communicating complex information succinctly, include examples in your application that showcase your ability to convey intricate details clearly, especially in written form. This could be through reports or presentations you've prepared.
Tailor Your Application: Make sure your application is tailored specifically for HSBC. Mention their commitment to diversity and inclusion, and how your values align with theirs. This shows that you’ve done your research and are genuinely interested in the company.
How to prepare for a job interview at Jobs for Humanity
✨Understand Regulatory Requirements
Make sure you have a solid grasp of the PRA/FCA remuneration rules and how they apply to banks and financial services. Being able to discuss these regulations confidently will show your expertise and readiness for the role.
✨Prepare for Complex Questions
Expect questions that require you to explain intricate compensation structures or regulatory submissions. Practise articulating your thoughts clearly and succinctly, as this will demonstrate your ability to communicate complex information effectively.
✨Showcase Your Analytical Skills
Since the role requires excellent Excel skills, be prepared to discuss your experience with data analysis. You might even want to bring examples of how you've used Excel to manage large datasets or prepare reports in previous roles.
✨Demonstrate Collaboration Experience
Highlight any past experiences where you've worked closely with various teams or stakeholders. This role involves partnering with colleagues globally, so showcasing your ability to collaborate and communicate across different regions will be beneficial.