Vice President, Group Tax Manager

Vice President, Group Tax Manager

This role is responsible for managing the tax compliance, planning and reporting activities of the Bank. The role is critical in ensuring that the Bank adheres to all applicable tax laws, minimises tax liabilities and maintains proper documentation to support tax filings. The position reports to the Group Chief Financial Officer and oversees tax risk management in the Group. In addition to managing the Group’s tax team across multiple jurisdictions, the principal accountabilities are to ensure all business units and Group legal entities comply with the identification, documentation and reporting obligations under the various tax regimes to which entities within the Group are subject including but not limited to :

• US Foreign Account Taxes Compliance Act
• US Qualified Intermediary regimes
• European Savings Directive
• Common Reporting Standards
• Base Erosion and Profit Shifting (BEPS)
• Jurisdictional Corporate, Operational and Indirect tax regimes.

Your responsibilities will include:

• Preparing, reviewing and/or approving all correspondence and tax returns for the Group and, along with local tax colleagues, acting as liaison to various jurisdiction and international Tax Authorities
• Ensuring compliance with applicable local and international tax regulations
• Managing tax audits and reviews, and resolving any issues raised by tax authorities
• Providing strategic and business advice relating to cross border transactions, new rules and regulations, including around international transfer pricing rules
• Providing ad-hoc tax input and analysis to other internal stakeholders (such as the Board of Directors and Executive Management), minimizing tax liabilities while ensuring compliance
• Managing Group and local tax reporting resources
• Implementing and documenting an effective tax risk management
• Maintaining integrity of Group Tax reporting System/Processes with consideration for data, processes and reporting through automation, reconciliation, and documentation
• Ensuring accurate reporting of tax provisions in financial statements under relevant accounting standards
• Monitoring changes in tax legislation and update internal policies and communications accordingly
• Handling transfer pricing documentation and compliance for international operations
• Advising on issues like double taxation, foreign tax credits and BEPS compliance
• Preparing periodic and adhoc Executive Committee submissions for the Tax function.
• Maintaining knowledge of the expanding range of cross border tax reporting requirements in the relevant operating jurisdictions.
• Identifying business and tax compliance risks of clients for business units and the Executive
• Assisting in educating business units in tax compliance and reporting obligations for the Bank’s subsidiaries and of the Bank’s clients
• Providing oversight to the monthly, quarterly and annual reporting processes related to all tax compliance to ensure accuracy and efficiency
• Directing the ongoing study of specific products and how their structure should be modeled in order to reflect how their profiles impact the tax reporting obligations
• Responding promptly to ad hoc requests from executive management, tax and regulatory authorities
• Working with regulators, external auditors, and tax consultants
• Coordinating with finance and legal teams to align on tax matters
• Assisting the Group CFO with other assignments as the need arises

Your qualifications and skills include:

• A Bachelor’s degree in accounting, finance, economics, law or a related discipline
• Qualified accountant designation (CPA, CA or equivalent) and/or tax professional qualification (CTA, ICAS, ITP or equivalent) or Master’s degree in taxation
• A minimum of five years of recent, post qualification experience managing tax compliance and reporting for banks
• Prior experience in corresponding with International Tax Authorities at a senior level
• A full understanding of the current direct and indirect tax reporting regimes for banks and for the jurisdictions in which the Bank operates
• Expertise in banking-specific tax issues such as withholding taxes on interest, financial transaction taxes, FATCA, CRS, QI
• Strong analytical and problem-solving skills
• Familiarity with accounting standards (both US GAAP and IFRS)
• Ability to multi-task and prioritize
• High ethical standards, and the ability to build trusting relationships
• Project and change management experience
• Strong verbal and written communication skills with ability to communicate with all levels of Management and liaise with various functions and jurisdictions
• Self-starter, results oriented and customer service focused
• Proven ability to effectively work with and manage multi-disciplinary teams in diverse locations
• Efficient time management skills and ability to meet tight deadlines which may include working outside of normal hours and on weekends and statutory holidays
• Ability to handle sensitive situations and confidential information with absolute discretion