Product Analyst (Compensation and Benefits Taxation)

Overview
Bank of America Merrill Lynch provides comprehensive market, industry, product and
advisory expertise to more than 140,000 businesses around the globe. With unrivalled
insight and access delivered by dedicated relationship teams, we connect clients with
the right opportunities in more than 150 countries throughout Europe, the Middle East
and Africa, Asia Pacific and the Americas.
Bank of America Merrill Lynchs Europe, Middle East and Africa (EMEA) footprint
comprises of 32 cities across 23 countries on three continents. The company is a longestablished participant in the European markets, with a presence since 1922. Currently
over 14,000 associates are based in EMEA.
Globally, Bank of America Merrill Lynch serves clients and customers in more than 150
countries and has relationships with 99 percent of the U.S. Fortune 500, nearly 96
percent of the Fortune Global 500 and 33 percent of the FTSE 100.
Today, the company offers an integrated and comprehensive set of products and
services across all businesses, serving the needs of individual, corporate, institutional
and government clients, by combining the best of local knowledge and international
expertise. Bank of America Merrill Lynch has a strategic and measured approach to its
international development and is strengthening its business and infrastructure to create
sustainable, long-term growth.
Responsibilities

Assisting with UK Employment tax reporting and compliance (Preparation and

submission of PSA, PAYE Audits, Senior Accounting Officer Regime, Form 42 share
schemes returns etc).

Act as first point of contact with the business for ad hoc questions relating to
executive compensation and tax matters.

Assist with developing and maintaining procedures and controls with regard to
employment tax exposures.

Executive compensation and reward planning, implementation and planning of

new programmes, maintenance of existing programmes

Working with senior HR managers and managers in the business.

Specific focus on supporting senior executives with compensation and tax

assistance, dual contracts, stock plans, deferred compensation.

Specific focus on tax planning aspects of compensation plans.

Internal tax consulting with the business, including employment tax related
questions from our regional offices in EMEA.

Develop a close working relationship with colleagues in corporate tax and

finance (and other departments where necessary) on projects with a crossfunctional slant.

Liaison with HMRC with regard to employment taxes ensuring a good working
relationship in addition to compliance with tax requirements.

Tax guidance on international pension plans.

Developing and supporting communication strategies for major compensation

plans to ensure that employees fully understand their awards and entitlements.
Compensation programmes are a key part of ensuring that the firm retains and
attracts top talent.

The firm's ability to comply with HMRC requirements and manage its tax risk
helps manage the firms costs and protect its reputation. The role will also offer
opportunities to expand into other areas of compensation and benefits when
required and if desired.

Skills / Experience

Strong Tax background required

Preferred ATT/CTA qualified, with experience in PAYE / NIC

compliance/consulting, international employment taxation and compensation
planning

Ability to explain complex compensation and tax issues to senior individuals and
other internal parties in a straightforward manner.

Ability to demonstrate good commerciality

Excellent interpersonal skills, and an ability to operate at all levels

Ability to be proactive and work under pressure, using own initiative and
judgement

Good IT skills such as excel and word

Demonstrate good presentation skills

Enthusiasm to work within a broader Compensation & Benefits team and be

flexible enough to work across the team to cover overlap areas

Experience of managing multiple projects

Knowledge of developing new processes across HR

Excellent client relationship skills in order to maintain a close working

relationship with executive and line management and key clients within the
business

Be a team player across a number of different teams both within and outside HR