Regulatory Compensation Specialist

Bank of America; London; On-site; GBP 45,000 - 80,000; Full time

Job summary

An established industry player is seeking a Regulatory Compensation Specialist to join their EMEA team. This pivotal role involves ensuring compliance with EMEA regulatory requirements related to compensation and supporting various regulatory reporting and automation projects. You'll engage with stakeholders across the organization, contributing to the preparation of key reports and disclosures. The ideal candidate will possess strong analytical skills, attention to detail, and a solid understanding of the UK and EU regulatory landscape. This is an exciting opportunity to make a significant impact in a dynamic and inclusive workplace.

Benefits

Private healthcare

Competitive pension

Childcare support

Flexible benefits

Mental health support

Charitable donation matching

Cultural engagement opportunities

Qualifications

• Experience in compensation practices within large financial firms.
• Strong analytical and problem-solving skills.

Responsibilities

• Lead preparation of remuneration regulatory reports and disclosures.
• Collaborate on regulatory projects, including automation initiatives.

Skills

Attention to detail

Microsoft Excel

Analytical skills

Problem-solving skills

Communication skills

Project management

Stakeholder engagement

Commercial acumen

Tools

Microsoft PowerPoint

Microsoft Word

Job description

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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. 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 well-being.

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 with sustainable menus, a rooftop terrace, onsite gym facilities, and a medical centre.

Role Description:

The role will sit in the EMEA Regulatory Compensation team within the broader EMEA Compensation & Benefits team. The team ensures compliance with EMEA regulatory requirements related to compensation, monitors regulatory developments, collaborates with internal stakeholders to implement new requirements, and reports to regulators and committees.

The Regulatory Compensation Specialist will support on regulatory reporting, submissions, committee reporting, automation projects, and audits related to Material Risk Taker compensation rules.

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.
• Maintain governance, controls, and documentation of compliance assessments.
• Contribute to ad hoc projects and research for the team.

Minimum Requirements:

• Exceptional attention to detail.
• Proficiency in Microsoft Excel and managing large datasets.
• Experience or knowledge of UK & EU regulatory compensation landscape preferred.
• Strong analytical and problem-solving skills.
• Ability to take initiative and deliver results.
• Experience in compensation practices within large financial firms.
• Excellent communication skills to articulate complex information.
• Ability to work independently and in remote teams.
• Stakeholder engagement skills in a matrix environment.
• Proficiency in PowerPoint and Word.
• Strong project management and organizational skills.
• Commercial acumen.

Benefits:

• Private healthcare for you and your family, including health screening options.
• Competitive pension, life assurance, and income protection.
• Childcare and adult care backup support.
• Flexible benefits including wellbeing accounts, travel insurance, and more.
• Mental health support services.
• Charitable donation matching.
• Cultural and community engagement opportunities.

Bank of America values conduct, accountability, and diversity. We are an equal opportunities employer and accessible to all candidates.