Ireland Senior Pensions Consultant

Position: UK & Ireland Senior Pensions Consultant
Job Description:

Job Title:

UK & Ireland Senior Pensions Consultant Corporate

Title:

Vice President

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.  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 work spaces 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:

The UK & Ireland Senior Pensions Consultant reports to the EMEA Head of Benefits.

The role sits within the EMEA Compensation & Benefits function, specifically within the Benefits Design team responsible for pensions strategy, design and governance for the UK and Ireland. The role represents the Bank as employer sponsor and is responsible for ensuring the Bank maintains effective oversight of its pension plans, sponsor obligations and associated governance and operational risks.

The scope of the role includes:

Oversight of the UK and Ireland pensions design and employer sponsor governance frameworks

Management and governance of trust-based DB and DC pension plans, including the Bank’s trust-based pension arrangements in Ireland Alignment to broader EMEA benefits strategy, the Bank’s risk framework and global standards

Partnership with Trustees, global and regional benefits teams, Finance, Legal, Co-secretariat, advisers and service delivery teams

The team operates in a highly collaborative, matrixed environment requiring strong accountability, independent judgement and stakeholder influence at senior levels.

This role works in close partnership with the UK Pensions Trustee Lead and  has direct exposure to senior HR and functional leadership and plays a key role in shaping pensions strategy, sponsor governance standards, operational oversight and member outcomes.

Responsibilities:

Drive and deliver the design and employer sponsor governance of UK and Ireland pension plans, ensuring alignment with the Bank’s strategic objectives, risk framework and regulatory obligations.

Define and maintain sponsor governance frameworks and policies, including accountabilities and strong control across all pension plans.

Partner with the Trustee lead to oversee the design of the Bank’s UK trust-based DB and DC pension plans, independently developing solutions that balance member value, cost efficiency, regulatory compliance and Bank risk.

Lead the employer sponsor governance and oversight of the Bank’s trust-based pension arrangements in Ireland, ensuring the Bank’s responsibilities are effectively discharged and that governance arrangements reflect Irish pensions legislation, Pension Authority expectations and applicable IORP II requirements.

Establish and maintain robust sponsor oversight of the respective responsibilities of the Bank and the Trustee Boards, ensuring appropriate governance.

Work with the Trustee lead to interpret legislative and regulatory developments impacting UK and Ireland pensions and take accountability for translating these into sponsor actions, design changes, governance updates and implementation plans.

Partner with Finance on…