Regulatory Compensation Specialist

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day. One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We are devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

The role will sit in the EMEA Regulatory Compensation team, which sits within the broader EMEA Compensation & Benefits team of the Bank. The EMEA Regulatory Compensation team is responsible for ensuring that the Bank compensation policies and practices comply with applicable EMEA regulatory requirements. This includes monitoring any new regulatory developments, working in partnership with a wide range of stakeholders internally to implement new requirements, and reporting to EMEA regulators and remuneration committees as appropriate.

The EMEA Regulatory Compensation Specialist will provide support to the team on a broad range of topics including regulatory reporting, regulatory submissions, remuneration committee reporting, automation projects, and audits & controls on the application of Material Risk Taker compensation rules.

Responsibilities:

• Lead the preparation of remuneration regulatory reports and disclosures.
• Supporting the preparation of reports for local remuneration committees and boards across EMEA.
• Support the application of the MRT rules at year-end including by performing relevant audits and controls as appropriate.
• Partnering with colleagues in EMEA and globally to deliver specific compensation regulatory projects, including automation projects.
• Staying up to date on relevant regulations across the UK & EU and helping ensure that the Bank's remuneration reports are compliant.
• Ensuring appropriate governance and controls, and documentation of internal compliance assessments.
• Contribute to ad hoc projects and research for the broader EMEA Compensation & Benefits team.

Required:

• Exceptional attention to detail.
• Highly proficient in Microsoft Excel and comfortable managing large and complex datasets.
• Prior experience in UK & EU regulatory compensation landscape preferred but not obligatory.
• Excellent analytical and problem-solving abilities.
• Ability to take initiative and drive deliverables.
• Experience of compensation practices within a large multinational financial services firm.
• Excellent communication skills, with ability to summarise and articulate complex legislation / process / data into easily understood information.
• Ability to work effectively independently and as part of a remote team.
• Proven ability to engage a wide variety of audiences in a collaborative and results-oriented manner.
• Ability to work in a matrix environment, manage multiple stakeholders simultaneously and escalate as appropriate.
• Proficient in other Microsoft applications (PowerPoint, Word).
• Excellent project management and organisational skills.
• Commercial acumen.

Benefits:

• Private healthcare for you and your family plus an annual health screen.
• Competitive pension plan, life assurance and group income protection cover.
• 20 days of back-up childcare and adult care per annum.
• Flexible benefits to suit your personal circumstances.
• Access to an emotional wellbeing helpline and Employee Assistance Program.
• Opportunity to donate to charities directly through payroll.
• Opportunity to access our Arts & Culture corporate membership program.
• Opportunity to give back to your community through volunteering.

Bank of America is an equal opportunities employer and ensures that no applicant is subject to less favourable treatment on the grounds of various characteristics. We strive to ensure that our recruitment processes are accessible for all candidates.