UK & Ireland Benefits Manager

Job Description:

Job Title: UK & Ireland Benefits Manager

Corporate Title: Vice President

Location: London

Company Overview:

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’re 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.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Location Overview:

Our London office is based just a stone’s throw from the magnificent St. Paul’s Cathedral on bustling King Edward Street. Here you’ll find modern workspaces and a state-of-the-art auditorium space. In addition, we’re proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus which have been created with the planet in mind. Make sure to take time for yourself and head up to our rooftop terrace and take in the spectacular views across London. Finally, your physical wellness is well-catered for with our onsite gym facilities and medical centre.

Role Description:

As part of the Bank’s commitment to be a Great Place to Work, we are looking for an experienced Benefits Specialist for UK and Ireland to deliver and manage our flexible benefits programmes in these locations. This is an exciting opportunity to take responsibility for a wide range of benefit plans and policies to support the Bank’s people strategy. We are also looking for expertise to help shape and deliver on the Bank’s Wellbeing strategy and a number of key projects. 

Responsibilities:

• A senior benefits consultant with a proven experience in design, governance and service delivery of benefits in the UK and Ireland

• Take on the role of senior benefits consultant, working within a broader team that manage pensions and benefits for EMEA and Canada.

• Report to the SVP Senior Benefits Consultant for Benefits and Wellbeing and take responsibility for the design and implementation benefits programs that support the Bank’s broader HR and Benefits strategy

• Management of the UK & Ireland Benefits program including oversight of the Bank’s Flexible Benefits program – MyBenefitsChoices.

• Oversight of 30+ vendors delivering programs across life, accident, disability, as well as voluntary benefits which include travel and gadget insurance

• Effective Vendor management will be a core responsibility, incorporating the effective review, re-negotiation of contracts and renewal terms

• Partner with third party vendor management and information security to ensure vendors meet the bank’s vendor terms and conditions

• Wellbeing is core to the Banks strategy, and the successful candidate will work with team members to support the running of onsite and near-site medical services including GPs, Drs, Psychiatric services

What we are looking for:

• Both Consulting and in-house experience

• Experience in driving Wellbeing Strategy and Initiatives – focused on mental health and emotional wellbeing

• Experience with Healthcare Trust arrangements and medical plans

• Depth of technical understanding of insurance contracts and risk principles; you will have previously been responsible for assessing risk and negotiating risk contracts with insurers for large employers

• Solid experience in health insurance contracts and health trust managements in the UK and Health Insurance in Ireland

• Exceptional attention of detail along with experience of governance models for effective benefits management

• Experience of working in a large multi-national organisation within a matrix structure; experienced in managing and working with multiple stakeholders

• Solid experience of working with flexible benefits providers, understand scheme design and configuration of flexible benefits plans and programs

Benefits of working at Bank of America:

UK

• Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner

• Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons

• 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum 

• The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc.

• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.

• Access to an Employee Assistance Program for confidential support and help for everyday matters

• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution

• Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK’s most iconic cultural institutions and exhibitions.

• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

Bank of America:

Good conduct and sound judgment 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 sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or 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.