Compensation & Benefits Governance Analyst

Job Description:

Job Title: Compensation & Benefits Governance Analyst

LOB: Global Human Resources

Corporate Title: Up to Vice President

Location: London  

An exciting opportunity has become available for a Compensation & Benefits Governance Analyst to join Bank of America based in London. The successful candidate will provide support across all team matters inclusive of Compensation and Benefits, ensuring policies, practices and procedures are aligned to meet regulatory requirements and the Bank’s internal governance processes.

The role will involve partnering closely with Global HR Partners as well as colleagues from Tax, Finance, Risk, Compliance and Regulatory partners and the individual will be the Benefits representative on the management of certain bank-wide internal controls and compliance requirements. The role will ensure appropriate governance is in place across the Benefits function. 

Responsibilities will include, but are not limited to:

• Provide ownership of the governance and control framework for the function ensuring delivery of internal requirements including Operational Risk deliverables, NFRR (Non-Financial Reporting Directive) submissions, and Internal Audit reviews

• Provide support in the implementation of practices to ensure compliance with Bank Business Control processes including risk assessments

• Preparation of monthly HR Operational Risk reports and regional benefits governance documentation

• Support the review and maintenance of Process Inventories, ensuring all partners manage adhere to this in managing their benefit plans

• Co-ordinate the team’s compliance with GDPR standards including those related to unstructured data and records management

• Assist with Project Management of key projects activities across the group

• Monitor and track projects across the team

The Team:

An SME team broadly based in the UK, responsible for benefits, pensions, cash compensation, regulatory compensation and executive compensation. Working with partners such as payroll, global mobility and HRSC as well as external HR and Tax partners e.g. Aon and Deloitte.

The Team won 2 awards in 2021 from WBS and Employee Benefits Magazine for Best Benefits During a Pandemic.

Core Skills:

• Good understanding of the benefits governance in the EMEA

• Understanding of benefits practices within a large multinational firm

• Exceptional attention to detail

• Ability to summarise complex matters into easily understood digestible information

• Ability to work in a matrix environment, manage multiple stakeholders simultaneously and escalate as appropriate

• Highly proficient in Excel and at least intermediate, PowerPoint, Microsoft Office skills

• In depth understanding of financial services environment

• Commercial acumen

Bank of America

Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team. A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates.

In line with these values, in EMEA we have 9 Employee Networks, a wide range of Sports & Social clubs, and other development and networking opportunities so that you can enjoy a range of experiences and connect with colleagues across the bank. We also offer exclusive discounts to some of the most iconic cultural experiences for you to enjoy in your spare time outside of work. Learn more about our benefits here.

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 gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, 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

Job Band:

H5

Shift: 

Hours Per Week:

35

Weekly Schedule:

Referral Bonus Amount:

0