Job Description

New Job-Tax Manager-Corporate Banking-London-M

• Up to \xc2\xa370k, depending on experience
• Permanent
• Central London
• Ref: 21472

Ref: 21472

Your New Job Title: Tax Manager-Corporate Banking, London

The Skills You\'ll Need: Qualified Tax professional having trained with a large accounting firm. Solid Tax management experience within banking. An in-depth knowledge of UK Corporate Tax Legislation and a good understanding of VAT and the ability to apply them effectively in banking environment and Bank products in general.

Your New Salary: Up to \xc2\xa370k, depending on experience

Location: Central London

Reporting To: Head of Finance

Direct Reports: Tax & HO Accountant

To be successful in this role our client has said it is essential that candidates:

• have professional qualification in accounting/finance discipline
• are a qualified Tax professional having trained with a large accounting firm
• have solid Tax management experience within banking
• have knowledge of UK Corporate Tax Legislation, VAT and apply them effectively in banking

If that means this job isn\xe2\x80\x99t a match for you please view our other vacancies for one that may be a better fit.

Role Purpose:

Leading role in establishing tax expertise within the Bank to enable the finance function to support the business in all tax matters and to ensure all Tax reporting is managed effectively and efficiently.

Working in a team, your role will include over-seeing all aspects of tax compliance for London Branch.

Responsible for the delivery of all tax related matters of the UK business to enable the business to formulate appropriate strategies to achieve the corporate objectives of London Branch.

What You\'ll be Doing Each Day:

• Advise/support the Corporate Banking & Financial Institutions Group and Treasury function in ensuring tax risk is minimised on lending transactions, derivative trades and new products. This will include appropriate sign off on all tax related matters in respect of these transactions.
• VAT, management of PESM, preparation of reports and complex query support for Accounts Payable ("AP") team.
• Supervise AP deliverables to ensure corporation tax computations and VAT Returns are prepared accurately and in a timely manner; whilst also helping to lead or co-lead on automating / optimising AP processes. [NB: automation will need to be delivered in 2023 well ahead of HMRC\xe2\x80\x99s Making Tax (i.e., Corporation Tax) Digital time-lines.
• All aspects of corporation tax compliance for the Branch are planned and managed so as to optimize the tax position (critical focus will be on ensuring that the underlying data and information required for monthly corporate tax computations are complete, accurate and comply with the Tax legislation - e.g., Transfer Pricing; CATA calculations.
• Advising on other tax related matters such as stamp duty, banking taxes and operational taxes
• Responsible for managing the relationship with HMRC for Corporation Tax and VAT related matters and the relationship with external advisors.
• Working with the Compliance department on managing compliance with EU DAC 6 rules as well as the Banking Code of Conduct for Taxation
• Assessing and managing tax risk and ensuring that tax risks and exposures are detected, reported and remedied in a timely manner as part of the Tax Risk Management Policy.
• Schedule meetings with Business Risk Owners to discuss and assess current technical developments.
• Other ad hoc projects including research of tax issues for new markets, changes in tax regulations and tax assurance work
• Quarterly reporting (to local senior management and HO) and Annual Report and Accounts for London Branch
• Annual BEPS Country by Country Reporting
• Quarterly UK Payment Arrangement Calculations
• Annual Budget Plan (3-year forecast)
• Ensure the Bank is compliant with the International Accounting Standard for Tax (IAS12) and appropriate and accurate tax disclosures.
• Identify, report and escalate material risk events, including conduct risk events and conflicts of interest, or losses to the Head of Department.

The Skills You\'ll Need to Succeed:

• Professional qualification in accounting/finance discipline, preferably with Master\xe2\x80\x99s degree
• Qualified Tax professional having trained with a large accounting firm. You will have some financial services experience.
• Experience working at a similar level, within Tax, banking with line management experience in the financial services sector
• Proficiency in Microsoft Excel and other Microsoft products and database skills are highly desirable.
• Highly competent in communicating orally and in producing written reports and an ability to present recommendations, both oral and written.
• An in-depth knowledge of UK Corporate Tax Legislation and a good understanding of VAT and the ability to apply them effectively in banking environment and Bank products in general.

Job status: Permanent

Start date: ASAP

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We would be grateful if you could send your CV as a Word document. If your application is successful, you will be contacted within 7 days. We regret that due to the high volume of applications we receive we cannot provide feedback on individual CVs. Please note that we can only consider candidates who are eligible to work in the UK and are able to provide relevant supporting documentation.

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