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Tax Manager - Operations

  • Location: City of London, London
  • Sector: Finance
  • Salary: Negotiable
  • Job type: Permanent
  • Date posted: 06/02/2019
  • Job reference: 32418NJ
This vacancy has now expired.

An SME banking client of ours is looking for a Tax Manager to work in their banking operations team.

This multi-faceted global role supports multiple cross-regional entities based within different tax jurisdictions and therefore requires the candidate to evaluate existing operational tax processes / procedures and scrutinise / evaluate the impact of worldwide regulatory and legislative changes alongside new business proposals and product launches to influence the implementation of change.

Responsibilities include:

  • Monitor and review tax policy/ regulatory changes that affect current tax processes and effectively communicate the operational tax implications to the various key stakeholders.
  • Work with external tax advisors to interpret legislation, provide steer on operational implementation and partner with various Operational teams and Business areas on actual implementation.
  • Create and document operational tax requirements, policies and standard procedures to ensure tax compliance.
  • Work effectively across geographical and functional boundaries demonstrating strong relationship skills.
  • Use inquisitive mind set to identify control weakness, mitigate risk, and improve current processes, procedures and reports including automation of manual processes.
  • Provide oversight from an SME perspective on processing related queries and exceptions working closely with the Operations team offshore to ensure delivery in a timely manner.
  • Assist in the set up and maintenance of tax rules in the processing systems.
  • Support Regulatory Reporting.
  • Monitor tax legislation - anticipate changes and implement relevant procedures and controls.
  • Product Development - assist on the product development design, testing and documentation.
  • Partner with Operations and IT to formulate the business flows and requirements to help build out Operations capabilities to enhance the existing offerings as well as new services.
  • Gain exposure and comprehensive understanding of multiple business lines, divisions and groups across the firm - Finance, Technology, Securities Trading and Operations.
  • Assist Network Management with account opening, tax documentation and oversight of Custodian Migrations - either global to local or new custodial relationship - defining requirements and service levels.

The candidate will be driven to provide consistently high standards, keen to identify and resolve issues, will challenge existing processes and controls whilst working with cross functional teams to implement operational improvements.

Candidates will have a strong understanding of transactional and/or withholding tax issues including market rules and regulations as they impact processes and the ability to read understand and relay tax regulations. Partner with Operations and IT to formulate the business flows and requirements to help build out the Operations capabilities to enhance the existing offerings as well as new services. Be motivated, self-driven and excited by an operational role with changing priorities and objectives often with tight deadlines. Possess strong team working skills, willing to put forward ideas and challenge current practice. Be a strong communicator with good organisation skills as it will involve communicating to a large variety of people at many different levels within the firm. Although the position initially will not involve having direct reports the candidate will be liaising regularly with a number of internal and external parties.

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