ICBC Standard Bank Plc
Senior Manager, International Tax, Advisory, Projects
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Senior Manager, International Tax, Advisory, Projects
This is a Senior Manager position reporting directly to the Head of Tax with a varied and wide range of responsibility, including front office tax advisory for the global markets, commodities and investment banking businesses, specialist tax advisory and support to internal functions to ensure that appropriate arrangements are in place to meet the bank’s international tax transparency and compliance agenda including those arising as a result of various OECD/EU/local Base Erosion and Profit Shifting (BEPS) and anti-avoidance initiatives, working with the Head of Tax and the business on Transfer Pricing compliance and providing tax input into various business and group projects and initiatives.
What you'll be doing
Tax division responsibilities include:
- Ensuring accurate identification, management, measurement, control and reporting of corporate income tax and indirect tax risks.
- Owning and managing the bank’s relationship with global tax authorities.
- Managing the Group’s corporate income tax and indirect tax compliance position.
- Ensuring the timely and accurate reporting of corporate income tax and indirect tax charges for the purposes of all financial statements and tax-related financial disclosures to tax authorities, regulators and investors.
- Providing the Business Units with accurate and timely tax advice in relation to their business activities and acting as a control function in the review of new businesses / products and structured transactions.
Front Office Tax Advisory
- Review and approval of all new products and business initiatives with a view to identifying, assessing and, where appropriate, implementing measures to manage the associated direct tax compliance requirements and mitigate direct tax risks (financial and reputational).
- Sustain effective partnerships between the Tax function, the Business and other internal “clients” with tax touchpoints (such as Compliance, Legal, Operations, HR, Finance) to ensure the delivery of value-adding tax advice, subject matter expertise and risk governance.
- Liaising with international network of external advisors where required, interpreting/implementing/challenging their advice where necessary and obtaining opinions in line with internal tax risk policies where relevant.
- Legal advisory work in relation to ISDAs, GMSLAs, loan agreements.
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Special Projects
- Work with Head of Tax and/or Senior Managers in various projects and initiatives across the ICBCS Group including one off transactions, structural change and legal entity restructuring, mergers, acquisitions, and new tax legislation and requirements.
Risk Mitigation
- Ensure compliance with UK tax law and guidance, and ICBCS tax policies. Recent legislative issues considered include Pillar 2, MDR, Prevention of Fraud, and International Controlled Transactions Schedule (ICTS).
Transfer Pricing
- Assist, from the global markets, commodities and investment banking perspective, with the drafting, review and implementation of transfer pricing policies and documentation across the Bank and Group entities.
- Engage as required with key internal stakeholders such as Finance and Treasury and Front office to ensure they understand and are appropriately implementing the Bank’s transfer pricing policies.
- Engage with key external stakeholders such as auditors and HMRC and provide assurance to them as to the adequacy of the Bank’s Transfer Pricing policies, implementation and documentation.
- Provide specialist transfer pricing support to the New Product Process where required.
Client tax reporting
- Prepare and submit CRS and FATCA returns to HMRC annually, along with interest reporting (BBSI return).
- Work closely with CMU, Operations, IT and Compliance departments to ensure all FATCA and CRS returns are correctly filed on time in each relevant jurisdiction.
- Provide tax support to internal teams handling on-boarding / KYC with respect to FATCA / CRS classification of new clients.
What you'll need to be successful
We're looking for the following skills and experience. If you don't have all of these but think you could be a good fit for the role, get in touch.
- In-house front office advisory experience
- CIMA/ACCA/ACA/CTA or equivalent accounting or tax qualification.
- Experience of working in Investment Banking and/or Commodities would be beneficial
- Knowledge of emerging markets preferable.
- Understanding of risk and control frameworks
Why should you join us?
ICBC Standard Bank Plc (ICBCS) is a leading financial markets and commodities bank, driven to deliver the right outcomes for our stakeholders, clients, counterparties and markets. We benefit from a unique Chinese and African parentage and an unrivalled global network and expertise. We're headquartered in London, with operations in Shanghai, Singapore and New York.
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We're a diverse and close-knit global team. We put people first, giving talented, self-driven professionals the flexibility, rewards and freedom to grow their expertise and realise their potential.
Our vision statement, "Be Yourself, Succeed Together" underpins our drive for an open and transparent culture which values difference, enabling everyone to thrive whilst being themselves. We have an active E, D&I forum and we're growing other employee network groups, including for women and neurodiversity.
We're committed to the principle of equal opportunities. All applicants will be treated equally and will be considered on their merits and skills without discrimination.
What’s in it for you?
- Financial – market-based pay based on skills and experience, discretionary annual bonus, pension contribution 10% (employee contribution 5%), travel insurance, life assurance and income replacement insurance.
- Hybrid working – the option to work remotely up to two days per week, depending on the role.
- Family – 6 months maternity leave at full pay, 4 weeks paternity leave at full pay and enhanced shared parental leave pay. Coaching for family leave returners and access to emergency care via My Family Care. Paid fertility and miscarriage leave.
- Wellbeing – private medical insurance, Bike2Work scheme, health and fitness subsidy, holiday exchange, Employee Assistance Programme and menopause policy.
- Community – paid volunteering leave and Give As You Earn scheme. Vibrant CSR and engagement forums and fundraising for our charity partners.
- Development – a suite of opportunities to build the skills you need to excel in your role
If you’re excited about becoming part of our team, get in touch. We’d love to hear from you!
ICBCS has appointed Robert Walters Outsourcing (RWO) to manage its recruitment process and Preferred Supplier List (PSL). Unsolicited CVs sent directly to ICBCS or its staff from non-PSL agencies will not be accepted and no fees will be paid for such submissions.
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