Regulatory Compensation Specialist

Job description

Job Description: Job Title: Regulatory Compensation Specialist Corporate Title: Up to Vice President (VP) Location: London , UK 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. Job Description Bank of America’s Global Human Resources team is seeking to hire an EMEA Regulatory Compensation Specialist in London. This role sits within the EMEA Regulatory Compensation team, part of the broader EMEA Compensation & Benefits function. The EMEA Regulatory Compensation team is responsible for ensuring that the Bank’s compensation policies and practices comply with applicable EMEA regulatory requirements. This includes monitoring regulatory developments, ensuring compensation policies, practices and structures comply with applicable rules, and reporting to EMEA regulators and remuneration committees, as appropriate. The EMEA Regulatory Compensation Specialist will support a broad range of activities, including Material Risk Taker (MRT) identification, regulatory reporting and submissions, remuneration committee reporting, automation initiatives, and audits and controls relating to MRT compensation rules. This is an exciting opportunity to join an experienced and supportive team, offering significant exposure to EMEA compensation regulations and interaction with a broad set of stakeholders, including EMEA Compensation & Benefits, wider HR teams, and partners across Legal, Corporate Secretary, Risk, Compliance, and Audit. The Team: EMEA Human Resources comprises of business facing HR generalists and specialists in areas such as Compensation and Benefits, Talent Acquisition, Learning and Leadership Development, Employee Relations and centralised Human Resource Shared Service Centre. Bank of America offers a number of outstanding career opportunities designed to attract and retain all skill levels – a chance for both personal and professional development as well as a salary and benefit package designed to reflect the individual’s contribution. Responsibilities will include but not limited to: Manage the identification process for Material Risk Takers (MRTs) Support regulatory remuneration reporting and disclosures, including data preparation, analysis, and validation Assist with year-end compensation processes (e.g., deferrals, variable-to-fixed ratios), including audits and controls Build knowledge of UK/EU compensation regulations and their practical impact Prepare materials for EMEA remuneration committees and boards Collaborate on regulatory compensation projects, including automation initiatives Ensure robust governance, controls, and documentation for compliance assessments Contribute to ad hoc projects within the EMEA Compensation & Benefits team Experience / Competencies: Compensation experience within a large multinational financial services environment Robust attention to detail and analytical capability Demonstrated curiosity and interest in UK/EU remuneration regulations Sound judgment with the ability to manage deliverables independently Effective collaborator across geographically distributed teams Proven project management and organisational skills Advanced Excel skills; comfortable working with large, complex datasets Clear and concise communicator, able to translate complex data into insights Stakeholder engagement skills with a collaborative, results-focused approach Commercial awareness Proficient in Microsoft Office (Excel, PowerPoint, Word) Prior exposure to UK/EU regulatory compensation is advantageous 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