Bank of America is on FGB’s Best Finance Companies for Women of 2018.
A competitive benefits and programs have earned us recognition by Working Mother magazine for more than 30 years,
Employee Financial Services offers U.S. employees financial education and special access to financial products, services and expertise.
Offers comprehensive domestic partner benefits to U.S. employees and incorporate sexual orientation into non-discrimination policies.
Job Title: Compensation & Benefits Governance Analyst
LOB: Global Human Resources
Corporate Title: Up to Vice President
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
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.
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
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
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Referral Bonus Amount:
At Bank of America, we’re creating real, meaningful relationships with individuals, businesses and communities to help them focus on what matters most. Every day, we connect with 57 million customers, using our skills and expertise to help make their lives better.
We are committed to attracting and retaining top talent around the world to ensure we continue to deliver ...