Paris, FRA
4 days ago
Regulatory Compensation Specialist
Regulatory Compensation Specialist Paris, France **Job Description:** **Job Description** **Job Title: Regulatory Compensation Specialist** **Corporate Title: SVP** **Location: Paris** **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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day. One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being. 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 RegulatoryCompensation Specialist in Paris.The role will sit in the EMEA Regulatory Compensation team, which sits within the broaderEMEA 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 Bankcompensation 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 topicsincluding 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 significantexposure to EMEA compensation regulations, and with interactions with a wide range ofstakeholders 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 ensurecompliance 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 regulatoryrequirements 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 theremuneration committee chair as appropriate)Participating to local regulatory exams and to meetings with French and EU regulators asappropriate •Preparing and/or reviewing France remuneration policy disclosures and submissions •Supporting the annual review of the remuneration policies, practices and frameworksapplicable to France (this will include managing the annual review of the France MaterialRisk Taker identification framework) •As part of the above, working in close partnership with local senior management and localheads of control functions •Contribute to ad hoc projects for other locations, including for the UK, Ireland and theMiddle-East. •Managing the administration of France mandatory and non-mandatory profit sharingschemes •Ensuring appropriate governance and controls, and documentation of internal complianceassessments •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 servicesfirm. •Experience with EU financial services compensation regulations •Ability to take initiative and drive deliverables; excellent project management andorganisational skills •Excellent stakeholder management skills and proven ability to engage a wide variety ofaudiences in a collaborative and results-oriented manner. •Ability to work in a matrix environment, manage multiple stakeholders simultaneouslyand escalate as appropriate •Exceptional attention to detail •Highly proficient in Microsoft Excel and comfortable managing large and complexdatasets •Excellent analytical and problem-solving abilities •Excellent communication skills, with ability to summarise and articulate complexlegislation / 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. Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates. To view the "Know your Rights" poster, CLICK HERE (https://www.eeoc.gov/sites/default/files/2023-06/22-088\_EEOC\_KnowYourRights6.12.pdf) . View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) . Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment. To view Bank of America’s Drug-free Workplace and Alcohol Policy, CLICK HERE . Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work. This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.
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