Head of Line of Business Compensation, EMEA

Job Description:

Job Title: Head of Line of Business Compensation, EMEA

Corporate Title: Senior 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 EMEA Compensation and Benefits (C&B) team, leading front office line of business compensation advisory and partnering closely with the regulatory and staff support compensation team, working to ensure programmes are competitive and aligned with business objectives.

Responsibilities:

Responsibilities include leading the delivery and governance of compensation for front-office businesses across EMEA locations, providing strategic advisory support to HR & senior business leaders on including on regulatory requirements, compensation planning and market competitiveness.

• Co-ordinating all front office line of business compensation advisory activities.
• Advising and influencing partners on compensation strategy, programs and processes to drive fact-based decisions.
• Co-ordinating cross line of business compensation activities through the annual cycle including driving consistency where possible and best practice.
• Partnering with colleagues in regulatory team to provide line of business perspective and contribution to deliver specific regulatory projects.
• Ensuring appropriate governance and control activities.
• Contribute to the development of compensation processes and practices across the region.
  
  

What we are looking for:

• Robust experience of compensation practices within a large multi-national financial services firm.
• Experience of EMEA financial services compensation regulations
• Previous experience of managing a small team
• Ability to take initiative and drive deliverables; project management and organisational skills
• Excellent stakeholder management skills and proven ability to engage a wide variety of audiences in a collaborative and results-oriented manner.
• Commercial acumen
• Ability to work effectively independently and as part of a remote team.
• Ability to work in a matrix environment, manage multiple stakeholders simultaneously and escalate as appropriate
• Excellent communication skills, with ability to summarise and articulate complex legislation / process / data into easily understood information.
• Exceptional attention to detail
• Highly proficient in Microsoft Excel and comfortable managing large and complex datasets

Excellent analytical and problem-solving abilities.

Proficient in other Microsoft applications (Powerpoint, Word).

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.