Regulatory Compensation Specialist

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Location Overview:

Based in the 8th arrondissement and within the Parisian Golden Triangle, our beautiful Art-Deco era office benefits from luxury modern workspaces, an abundance of natural light and is easily accessible by public transport.

Job Description

Bank of America's Global Human Resources team is looking to hire an EU Regulatory Compensation Specialist in Paris. The role will sit in the EMEA Regulatory Compensation team, which sits within the broader EMEA Compensation & Benefits team of the Bank and is based across London, Chester, Dublin and Paris.

The EMEA Regulatory Compensation team is responsible for ensuring that the Bank compensation policies and practices comply with applicable EMEA regulatory requirements. This includes monitoring any new regulatory developments, working in partnership with a wide range of stakeholders internally to implement new requirements, and reporting to EMEA regulators and remuneration committees as appropriate. The EMEA Regulatory
Compensation Specialist will provide support to the team on a broad range of topics including regulatory reporting, regulatory submissions, remuneration committee reporting, automation projects, and audits & controls on the application of Material Risk Taker
compensation rules.

This is an exciting opportunity to join an experienced and supportive team, with significant exposure to EMEA compensation regulations, and with interactions with a wide range of stakeholders including, but not limited to, the EMEA Compensation & Benefits team, the broader EMEA Human Resources team, as well as colleagues from EMEA and Global Regulatory, Legal, Corporate Secretary, Finance, Risk, Compliance and Audit teams.

Responsibilities:
The role of the EU Regulatory Compensation Specialist (SVP) is to primarily ensure compliance with EU and France remuneration regulations applicable to the Bank's France-based entities, as well as to manage France-specific compensation governance and process activities.

Responsibilities will include:
• Providing advisory on all France-related regulatory compensation matters
• Monitoring and managing the implementation of any new remuneration regulatory requirements applicable to the Bank's French entities
• Managing the preparation of local remuneration committee papers and contributing to remuneration committee chair briefings (this will include presenting updates to the remuneration committee chair as appropriate) Participating to local regulatory exams and to meetings with French and EU regulators as appropriate
• Preparing and/or reviewing France remuneration policy disclosures and submissions
• Supporting the annual review of the remuneration policies, practices and frameworks applicable to France (this will include managing the annual review of the France Material Risk Taker identification framework)
• As part of the above, working in close partnership with local senior management and local heads of control functions
• Contribute to ad hoc projects for other locations, including for the UK, Ireland and the Middle-East.
• Managing the administration of France mandatory and non-mandatory profit sharing schemes
• Ensuring appropriate governance and controls, and documentation of internal compliance assessments
• Providing ad hoc support to the EMEA Compensation team during the year-end process - this will include supporting key reviews with the local senior management
• Contribute to broader EMEA and global Compensation and Benefits projects

Required

Experience of compensation practices within a large multinational financial services firm.
• Experience with EU financial services compensation regulations
• Ability to take initiative and drive deliverables; excellent 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.
• Ability to work in a matrix environment, manage multiple stakeholders simultaneously and escalate as appropriate
• Exceptional attention to detail
• Highly proficient in Microsoft Excel and comfortable managing large and complex datasets
• Excellent analytical and problem-solving abilities
• Excellent communication skills, with ability to summarise and articulate complex legislation / process / data into easily understood information.
• Ability to work effectively independently and as part of a remote team.
• Proficient in other Microsoft applications (Powerpoint, Word).
• Commercial acumen.

France

• Competitive retirement plan in addition to State plans
• Mandatory Medical Plan provided by the bank as a top-up to Social Security health benefits for you and your family.
• Employees and family members can receive free health advice 24/7 through a range of English and French speaking medical providers
• Life and disability insurance
• Time Savings Account ('CET') to save some of your leave days, cash them out or use them later
• Reimbursement of 50% of your commuter pass
• Nursery scheme for children under age 3
• Works council benefits
• Access to an Employee Assistance Programme for confidential support and help for everyday matters
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering with local charities
• Opportunity to receive free entry to arts exhibitions sponsored by Bank of America in Paris

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.