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Compensation Consultant

London, , United Kingdom

Job Description:

Job Title: Compensation Consultant
Corporate Title:  SVP
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.

The Team

Our team are based across London, Chester, Paris and Dublin and has broad reaching responsibility for managing compensation, regulatory compliance, pay equity and employee taxation across the region.        

We are looking for an experienced compensation specialist to join our EMEA Compensation and Benefits team. In this role, you will lead on compensation advisory for the Global Markets business, as well as contributing to cross-team initiatives and projects.

Responsibilities:

•   Providing expertise and support on all compensation matters relating to the Global Markets business in EMEA. 

•   Advising HR colleagues and business leaders on compensation practices across the employee lifecycle to support compensation decisions, including to execute the annual year-end compensation process.

•   Partnering with colleagues in HR Regulations, HR Generalists and business leaders to identify Material Risk Takers (MRTs) and to advise on and communicate remuneration regulations appropriately

•   Collaborating with Talent Acquisition to analyze, review and approve competitive compensation offers for new hires

•   Drive or participate in cross-team improvement initiatives or strategic projects

What we are looking for:


•       In-depth compensation knowledge and experience, with demonstrable ability of supporting line of businesses to achieve their business objectives.

•       Logical and critical thinking mindset
•       Adept numerical and analytical ability
•       Excellent verbal and written communication skills, including to articulate complex concepts clearly and concisely to a variety of recipients

•       Collaborative partner who is able to develop relationships with global colleagues
•       Ability to understand and apply complex technical requirements to practice situations
•       Ability to take initiative and ownership to drive deliverables with multiple stakeholders
•       Knowledge of EMEA financial services remuneration regulations preferred.

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 dependents 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.

Learn more about this role

Full time

JR-24018501

Manages People:

Street Address

Primary Location:
2 KING EDWARD ST, London, EC1A 1HQ