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Job Description: Corporate title: Senior Vice-President (SVP) Location: London Line of Business: Global Human Resources (GHR)
Bank of America Merrill Lynch is looking for a professional who is highly experienced with different HR Regulatory matters to join their Global Human Resources team based in London.
The successful candidate will provide support on all EU HR Regulatory matters inclusive of Compensation, ensuring HR policies, practices and procedures are aligned to meet regulatory requirements. This will include reading and interpreting EU Legislation and EBA Regulations and ensuring the Bank's policies and practices are compliant. The role will also support the Bank's regulatory submissions and provide written responses.
The role requires experience of working on HR regulatory matters, specifically regulation governing compensation practices. It will involve partnering closely with all HR colleagues as well as colleagues from Tax, Finance, Risk, Compliance and Regulatory partners.
Reporting to EMEA Head of Regulatory Compensation, this is an excellent opportunity for a dynamic individual to support the full delivery of HR regulatory and compensation to a diverse client group
The role provides leadership and subject matter expertise on all aspects of HR regulatory inclusive of remuneration regulations, specifically:
The integration of global compensation practices to be compliant with all UK/EU/EBA compensation legislation and regulations
In partnership with the HR Regulatory teams in EMEA and US prepare regulatory correspondence and submissions
Conduct detailed Article Reviews to ensure compliance
Accountable for supporting HR Regulatory deliverables required to meet continuous regulatory obligations; engaging and collaborating with stakeholders as required
Scoping and delivering communications to impacted employees
Assist with Project Management, governance and controls
Completion of internal compliance assessment documentation
Provide support and analysis in the process of identification and validation of MRT's
Experience in HR Regulations, tax or law
Good understanding of the compensation regulatory environment in the UK and EU
Understanding and experience of compensation practices within a large multinational firm
Understanding of tax rules & principals
Exceptional attention to detail
Ability to summarise complex legislation / process into easily understood digestible information
Excellent communication & analytical skills
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
Nice to have
In depth understanding of financial services environment
Good project management and organisational skills
Experience of managing teams
About Bank of America Merrill Lynch
Bank of America is one of the world's leading financial institutions, serving individual consumers, small- and middle-market businesses, large corporations and governments with a full range of financial and risk management products and services. Bank of America Merrill Lynch is the marketing name for the global banking and markets businesses.
The company has had a presence in EMEA since 1922. With offices in 23 countries on three continents, it offers an integrated and comprehensive set of products and services across Global Corporate and Investment Banking, Global Markets and Consumer Card, serving the needs of individual, corporate, institutional and government clients, combining the best of local knowledge and global expertise. Developing solutions for social and environmental challenges is at the core of Bank of America Merrill Lynch's responsibility platform. In more than 90 countries around the world, we partner with employees, clients and stakeholders to help make financial lives better.
If you're interested in this opportunity please send your details to us by applying online.
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.
As part of our standard hiring process to manage risk, please note background screening checks will be conducted on all hires before commencing employment.