Position Purpose The incumbent in this role will be a part of Tax Operations covering Global regions supporting the Global Market Operations 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. Transaction taxes like Stamp duty, Sales Tax, Capital Gains Tax and/or other local market taxes across regions
4. Withholding Tax: Key tasks involved are Tax Reclaims support, Tax vouchers, certifications, documentation lifecycle management etc.
Responsibilities
Key Responsibilities of the incumbent are:
Partnering with Ops, Technology, Business and other key stakeholders in defining and implementing the Target Operating Model
Ensuring compliance and adherence to Regulatory tax requirements across the Tax processes
Proactive identification and reconciliation of Instrument static with market data, ensuring correct tax static data is in place in the relevant systems
Weekly & monthly Management Reporting of Key metrics, market changes and Forward looking risks.
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 to organization objectives and participate in various initiatives to meet the defined targets
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 Participate in enhancements, synergies and standardization of functions across regions
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
- Exercise appropriate autonomy in the execution and delivery of work.
- Collaboration:
- Creates trust with colleagues.
- Client, Customer and Stakeholder Focus:
- Able to build relationships with a mix of colleagues and clients.
- 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 4-5 years industry experience and 3+ 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
- Innovative and adept at assessing opportunities for process improvements and automation
- Strong communication (verbal and written)
- Solutions-oriented thinker who is able to generate creative ideas
- Data analytical skills
Preferred Qualifications:
- Knowledge of settlement systems/products
- 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
- 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
