Compensation Consultant I

Bank of America; Chester; On-site; GBP 60,000 - 80,000; Full time

Job summary

An international financial services firm in London is seeking a Compensation Consultant to join their regional Compensation and Benefits team. The successful candidate will provide analytical support, prepare compensation reports, and enhance compensation processes. A strong understanding of compensation practices and data analysis is crucial. The role offers comprehensive benefits, including private healthcare and flexible options.

Benefits

Private healthcare

Competitive pension plan

Flexible benefits options

Access to wellbeing services

Employee Assistance Program

Qualifications

• Experience in compensation practices with a large multinational financial services firm.
• Technical background with exceptional data analysis skills.
• Ability to work proactively with minimal supervision.

Responsibilities

• Provide compensation advisory, tracking, and analytics.
• Compile and analyze data for decision-making.
• Prepare reporting and analysis for year-end compensation review.

Skills

Compensation practices experience

Data analysis and presentation

Excellent communication skills

Interpersonal skills

Microsoft Excel proficiency

Tools

Microsoft Excel

HR information systems

Job description

Overview

Job Title: Compensation Consultant

Corporate Title: Up to 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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. 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: This role sits within the regional Compensation and Benefits (C&B) team, providing compensation support for specific business lines. You will be part of a dynamic and well regarded team working to deliver across all annual compensation processes, including year-end activities and reporting. Close partnership with the broader compensation and human resources teams are critical to success in this role.

Responsibilities

• Compensation advisory, tracking and analytics, ensuring comprehensive understanding of regional issues and priorities.
• Accurately compiling, summarising and analysing data effectively to help drive fact-based decisions.
• Preparing line of business, country and regional compensation reporting and analysis throughout the year, and particularly for the year-end compensation review process.
• Developing, improving and maintaining dynamic tools.
• Ensuring appropriate governance and control activities across regional compensation processes.
• Contributing to a broad range of compensation initiatives and projects across the region.

What we are looking for

• Experience of compensation practices within a large multinational financial services firm.
• Technical background required with exceptional ability in data analysis, interpretation and presentation, and attention to detail.
• Ability to use own initiative and judgement, to act proactively and work with low levels of supervision.
• Excellent communication and presentation skills, with ability to summarise and articulate complex process / data into easily understood information.
• Excellent interpersonal skills in order to maintain a close working relationship with HR colleagues.
• Highly proficient in Microsoft Excel and comfortable managing large and complex datasets.
• Proficient in other Microsoft applications (PowerPoint, Word) and HR information systems.

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.

As part of our standard hiring process to manage risk, please note background screening checks will be conducted on all hires before commencing employment.