Regulatory Compensation Specialist

Bank of America; London, Chester; On-site; GBP 50,000 - 90,000; Full time

Job summary

Join a forward-thinking company as an EMEA Regulatory Compensation Specialist, where you will play a crucial role in ensuring compliance with regulatory requirements related to bank compensation policies. This position offers the opportunity to work collaboratively with various teams across EMEA, providing insights into compensation regulations while driving automation projects and audits. With a focus on professional growth and a commitment to employee well-being, this role is ideal for individuals who thrive in dynamic environments and are eager to make a meaningful impact in the financial services sector.

Benefits

Private Healthcare

Annual Health Screening

Pension Plans

Life Assurance

Income Protection

Childcare Support

Mental Health Resources

Cultural Memberships

Community Volunteering Opportunities

Qualifications

• Experience in compensation practices within a large multinational financial services firm.
• Familiarity with UK & EU regulatory compensation landscape preferred.

Responsibilities

• Lead preparation of remuneration regulatory reports and disclosures.
• Collaborate on regulatory projects, including automation initiatives.
• Stay updated on UK & EU regulations and ensure compliance.

Skills

Attention to Detail

Microsoft Excel

Analytical Skills

Problem-Solving

Stakeholder Engagement

Project Management

Communication Skills

Commercial Acumen

Tools

PowerPoint

Word

Job description

Job Description

Job Title: Regulatory Compensation Specialist
Corporate Title: AVP
Location: London / Chester

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.

We are committed to being a diverse and inclusive workplace, hiring individuals from broad backgrounds, and investing in our teammates' well-being with competitive benefits.

Bank of America values collaboration and flexibility, offering various work arrangements depending on the role.

Working here provides opportunities to learn, grow, and make a difference.

Location Overview

Our London office is located near St. Paul’s Cathedral on King Edward Street, featuring modern workspaces, a state-of-the-art auditorium, an onsite restaurant focused on sustainability, a rooftop terrace with views of London, and onsite gym facilities and medical centre.

Job Description

The role will be part of the EMEA Regulatory Compensation team within the broader EMEA Compensation & Benefits team. This team ensures compliance with applicable EMEA regulatory requirements related to bank compensation policies and practices, including monitoring regulatory developments, implementing new requirements, and reporting to regulators and remuneration committees.

The EMEA Regulatory Compensation Specialist will support activities such as regulatory reporting, submissions, remuneration committee reporting, automation projects, and audits related to Material Risk Taker compensation rules.

The Team

We are seeking an EMEA Regulatory Compensation Specialist to join our London or Chester office. This role offers exposure to EMEA compensation regulations and interaction with stakeholders across various teams including EMEA and Global Regulatory, Legal, HR, Finance, Risk, and Compliance.

Responsibilities

• Lead the preparation of remuneration regulatory reports and disclosures.
• Support reports for local remuneration committees and boards across EMEA.
• Assist with the application of MRT rules, including audits and controls.
• Collaborate on regulatory projects, including automation initiatives.
• Stay updated on UK & EU regulations and ensure compliance in remuneration reports.
• Maintain governance, controls, and documentation of compliance assessments.
• Contribute to ad hoc projects and research for the broader team.

Minimum Requirements

• Exceptional attention to detail.
• Proficiency in Microsoft Excel, capable of managing large datasets.
• Experience or familiarity with UK & EU regulatory compensation landscape (preferred but not obligatory).
• Strong analytical and problem-solving skills.
• Proactive approach and ability to drive deliverables.
• Experience in compensation practices within a large multinational financial services firm.
• Excellent communication skills, with the ability to simplify complex information.
• Ability to work independently and in remote teams.
• Proven stakeholder engagement skills.
• Proficiency in PowerPoint and Word.
• Strong project management and organizational skills.
• Commercial acumen.

Benefits

Employees in the UK enjoy private healthcare, annual health screening, pension plans, life assurance, income protection, childcare support, flexible benefits, mental health resources, charitable donation options, cultural memberships, and community volunteering opportunities.

Our Commitment

Bank of America upholds high standards of conduct, accountability, and equal opportunity employment. We welcome candidates from all backgrounds and encourage adjustments to support accessibility.