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SalaryJob Description:
Job Title:Head of UK Government Affairs
Corporate Title: SVP/B3
Location: London
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:
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.
The Team:
Based in several locations in Europe and internationally, this role provides considerable exposure to senior executives inside and outside the bank. Equally, you will liaise with senior stakeholders in the US and Exco members in EMEA. Exposure to private offices of Governors of Central banks, national politicians, Ministers, officials is also part of the role.
Role Description:
You will be the Head of UK Government Affairs based in London. Bank of America Public Policy serves as an advocate on public policy, geopolitical, legislative and ESG issues that are important to the Firm. It works closely on policy initiatives and legislative matters at all levels to help the institution manage and grow its businesses, advising senior management and business lines on a wide range of issues. The Public Policy team meet and work with policy makers, legislators, regulators, and international officials to ensure that the concerns of Bank of America are heard and understood. They also work closely with financial services industry trade associations to represent the varied interests of the Firm.
Keeping top management appraised of the political and legislative environment within the UK so as to inform the firm’s strategy.
Developing and executing strategies on key legislative and regulatory issues for our businesses, to policy makers.
Developing contacts with officials, the government and the opposition, particularly in relation to the city agenda.
Advocacy vis-à-vis UK officials, MPs and regulatory clients in the UK to ensure the Firm’s key messages are effectively communicated.
Co-ordinating responses, as needed, on consultation exercises from government entities
Representing the Firm at industry groups and trade association meetings.
Acting as central support to senior management who represent the Firm externally.
What we are looking for:
Significant, relevant work experience in public policy in the financial services sector, either in-house or in Government bodies or related agencies.
Proven knowledge of the legislative/regulatory framework applicable to the financial services industry in the UK.
In-depth knowledge of the UK policymaking process, as well as an understanding of EU and international policymaking processes.
Understanding of UK and international policy developments, particularly in respect of financial services and the ESG agenda.
Strong networking skills.
Excellent communication skills, both written and verbal, including the ability to write and edit a range of content at speed.
Perfect command of written and spoken English. Additional European languages would be a distinct advantage.
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.
