This role leads the Taxation team which is responsible for:
Implementation tax strategy and policies
Completing relevant tax and legislative returns
Maintain oversight of the overseas tax reporting requirements
Provide tax advice on the operations and maintain links with external tax advisors
Setting the tax strategy of the Bank and engaging with senior stakeholders within the Bank, and senior committees such as Audit & Risk Committee and the Bank's Court of Directors to ensure that the Tax Control Framework is optimised and understood.
Ensuring the Bank complies with requirements of the Senior Accounting Officer (SAO) regime where appropriate, through the development of tax assurance maps across the organisation.
Leading on establishing and maintaining frameworks to ensure compliance with tax and relevant legislation, such as the Criminal Corporate Offences Act. The jobholder is expected to develop strong relationships with all areas of the Bank to understand business practices and new projects and communicate the tax implications of all business practices.
Oversight of the preparation of UK corporation tax computations and returns, monthly VAT returns and year-end tax reporting.
Maintaining and updating working knowledge of tax laws and regulations, including new filing practices, deadlines, and any company-specific information; interpreting and communicating to ensure that the implications of tax laws are known and the company meets its obligations.
Maintain strong relationships with stakeholders, including tax authorities and internal and external auditors, to ensure service delivery meets expectations.
Responsible for the provision of tax support to internal stakeholders, through analysis of financial and non-financial impacts of tax decisions to influence wider decision making.
Lead on partnering across the organisation to provide advice on ad hoc indirect taxation and employment taxation issues to ensure correct advice and guidance is provided, and oversight of overseas tax reporting requirements.
In addition, in 2021, the Bank intends to implement a new general ledger and new reconciliations systems as part of a significant transformation of IT and Central Services operating model. The jobholder will have an important role to shape and deliver all Tax relevant aspects of this implementation, to upgrade the team's tools and processes and improve outputs and analysis for stakeholders.
This is a people management role, responsible for day to day management of the team and for defining roles and responsibilities. The role is required to review work by junior team members, recognises training opportunities for junior team members, and offer knowledge and support to develop team member performance.
You will develop your team through sharing information effectively, coaching and communicating a clear vision to ensure that your staff are productive, engaged and motivated to deliver the area's aims. This will include setting clear goals and smart stretching objectives that are aligned to those of the team, division and directorate. You will also be responsible for managing all staff-related matters that may arise including performance, absence and sickness.
Minimum (Essential) Criteria:
Qualified accountant (ACA/ACCA), or qualified by experience, with 5 years' experience in financial control and statutory reporting (IFRS preferable).
Knowledge of relevant UK tax legislation
Knowledge of operational taxes
Strong analytical and problem solving skills and attention to detail
Knowledge of IFRS as it relates to UK CT - tax statutory reporting
Balance sheet reconciliations
Experience in managing and developing others
Exposure to international jurisdictions and Double Tax Treaties would be beneficial
Knowledge of UK employment taxes would be beneficial