The incumbent in this role will be a part of Tax Operations covering Global regions supporting the Global Market businesses. More specifically the incumbent is expected to have knowledge around and work on the below aspects:
1. Stamp Duty Reserve Taxes: Processes around Stamp tax per market rules and any relevant exemptions and exception management for calculation/application/ payment etc.
2. Financial Transaction Taxes: Processes around payment and/or reporting per specific market rules; relevant exemptions, documentation and exception management
3. Withholding Tax: Key tasks involved are Tax Reclaims support, Tax vouchers, certifications, documentation lifecycle management etc.
4. IRS Regulations for Chapter 3, Chapter 4, Chapter 61: Withholding, payment, documentation lifecycle management, reporting etc.
5. Transaction taxes, Stamp duty or other local market taxes across regions
6. Ensuring strict process compliance and adherence to Regulatory tax requirements
7. Proactive identification and reconciliation of Instrument static with market data, ensuring correct tax static data is in place in the relevant systems
8. Partnering with Ops, Technology, Business and other key stakeholders in defining and implementing the Target Operating Model
9. Weekly & monthly Management Reporting of Key metrics, market changes and Forward looking risks.
Responsibilities
Key Responsibilities of the incumbent are:
Create culture by enabling and empower staff that drives the following
Robust control environment across functions:
o Timely resolution and reporting of breaks / exceptions
o Proactive identification of issues
o Proactive escalations, open communication
o Risk mind set in the team
Align self and teams to organization objectives and drive various initiatives to meet targets
o Cost and efficiency targets
Partnership and Collaboration
o With stakeholders such as Business, Technology, HR and other Ops teams
Client centricity
o Ensure best in class client service
o Enhance knowledge, create SMEs
Change and Innovation
o Create change culture in the team
o Drive/ Participate in enhancements, synergies and standardization of functions regions
Drive/Participate various people agenda
o Engagement
o Rewards and Recognition
o Communication
o Succession planning
o Mobility
o Diversity etc
Contributing Responsibilities
- Identification and participation in process design workshops to achieve better controls, compliance and efficiency
- Review of Tax Operations policies and procedures supporting various business lines, performance of gap analysis, and drafting of business remediation plans
- Support of technology and system migration projects for workflow enhancements and support for new regulatory requirements
- Contribution towards departmental obligations to adhere to strict regulatory and compliance requirements and BNP Paribas policy
Technical & Behavioral Competencies Candidates are measured on the following four performance drivers, which will dictate how individual impact is considered:
- Results and Impact
- Able to influence peers and team.
- Demonstrates good judgement when making decisions of high complexity and impact.
- Exercise appropriate autonomy in the execution and delivery of work.
- Responsible for driving outcomes, which have meaningful effect on team or department.
- Leadership and Collaboration:
- Creates trust with colleagues.
- Acts in leadership capacity for projects, processes, or programs.
- Client, Customer and Stakeholder Focus:
- Able to build relationships with a mix of colleagues and clients.
- Interacts regularly with management and department leaders.
- Demonstrates the ability to influence stakeholders at the team level.
- Compliance Culture and Conduct:
- Takes full responsibility for personal actions and demonstrates courage in facing problems and conflicts.
- Perceived as a person of high moral character; upholds corporate values and displays high ethical standards
Specific Qualifications (if required)
Minimum Required Qualifications:
- Bachelors degree in accounting, Finance, Business or similar
Minimum of 12 years experience and 8+ years experience in Operational Taxes
Experience and familiarity with global markets and comprehension of key tax rules and concepts e.g. Transaction Taxes, Withholding Taxes etc.
- Strong familiarity with respect to tax accounting rules and regulations
- Control oriented mindset with respect to management of daily BAU
- Strong team and leadership skills
- Innovative and adept at assessing opportunities for process improvements and automation
- Strong communication (verbal and written) and organizational skills
- Solutions-oriented thinker who is able to generate creative ideas
- Data analytic skills
Preferred Qualifications:
Knowledge of settlement systems/products
- Experience in the development and deployment of reporting systems and tools
Understanding of system requirements and capabilities to ensure appropriate controls and management of BAU activity
Proven track record of contributing to team-oriented tasks and strategies, with the ability to identify client driven enhancements
Advanced Microsoft Excel and database management (Alteryx, Tableau, Business Objects or similar) experience and skills
Ability to perform multiple tasks and meet established deadlines in a fast-paced work environment
Skills Referential
Behavioural Skills : (Please select up to 4 skills)
Ability to collaborate / Teamwork
Ability to deliver / Results driven
Communication skills - oral & written
Critical thinking
Transversal Skills:
Ability to develop and adapt a process
Analytical Ability
Ability to understand, explain and support change
Ability to inspire others & generate people's commitment
Ability to develop others & improve their skills
Education Level:
Bachelor Degree or equivalent
Experience Level
At least 12 years
