Job Title: HR Compensation Manager
Line of Business: Global Human Resources / Internal Compensation & Benefits
Corporate Title: Senior Vice President (SVP)
Location: London, UK
Here in our London office we are looking to recruit for a HR Compensation Manager within then Global Human Resources team. The role will be reporting to EMEA Head of HR Regulation and presents an excellent opportunity for a dynamic individual to support the full delivery of HR regulatory and compensation matters to a diverse client group.
This is an exciting opportunity to join an experienced and supportive EMEA Compensation Team, with significant exposure to a broad range of topics across EMEA HR and compensation regulation. The role will be responsible for ensuring policies, practices and procedures are aligned to meet complex regulatory requirements. The EMEA Compensation Team promotes close partnership with HR colleagues, as well as colleagues from Regulatory, Legal, Corporate Secretary, Tax, Finance, Risk, and Compliance.
EMEA Human Resources comprises of business facing HR generalists and specialists in areas such as Compensation and Benefits, Talent (including Lateral and Campus recruitment, Junior Talent, Learning and Leadership Development), Employee Relations and centralised Human Resource Shared Service Centre. Bank of America offers a number of outstanding career opportunities designed to attract and retain all skill levels – a chance for both personal and professional development as well as a salary and benefit package designed to reflect the individual’s contribution.
Responsibilities will include but not limited to:
Driving compliance with EMEA compensation and HR regulation and regulatory change, with responsibility for interpretation, gap analysis, change management and execution.
Supporting MRT identification and year-end award processes, including overseeing the ongoing appropriateness of the Bank’s approach to these.
Preparing materials for local remuneration committees and boards across EMEA.
Managing remuneration regulatory disclosures and correspondence.
Partnering with colleagues in EMEA and globally to deliver specific compensation regulatory projects.
Providing insight and guidance to Compensation, HR and business stakeholders on employee impacts as a result of UK & EU regulation in particular.
Ensuring appropriate governance and controls, and documentation of internal compliance assessments.
Experience / Competencies:
Excellent experience in UK & EU regulatory compensation landscape.
Ability to take initiative and drive deliverables, including relating to regulatory change.
Experience of compensation practices within a large multinational financial services firm.
Exceptional attention to detail and ability to learn.
Excellent communication and analytical skills, with ability to summarise and articulate complex legislation / process 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.
Highly proficient in Microsoft applications (Excel, Powerpoint and Word).
Excellent project management and organisational skills.
Bank of America
Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team. A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates.
In line with these values, in EMEA we have 9 Employee Networks, a wide range of Sports & Social clubs, and other development and networking opportunities so that you can enjoy a range of experiences and connect with colleagues across the bank. We also offer exclusive discounts to some of the most iconic cultural experiences for you to enjoy in your spare time outside of work. Learn more about our benefits here.
Good conduct and sound judgement is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.
We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.
We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements. As part of our standard hiring process to manage risk, please note background screening checks will be conducted on all hires before commencing employment.
Learn more about this role
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