Job
Description
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Job TitleTax Operations - Manager, AVP
LocationBangalore, India
Role Description
Operational Tax is part of Margin Treasury and Tax Operations and is responsible for managing and supporting all operational tax processes for Deutsche Bank AG and associated entities. The Tax operations team is comprised of five sub processes
Transactional Taxes (Financial Transaction Tax, Withholding Taxes, Stamp Duty etc.)Cost BasisDerivative TaxFATCA
Tax Reclaims. The Tax Ops team is responsible for managing key regulatory tasks like reconciliation, payments and reporting of Taxes to the Tax Authorities, FATCA and CRS reporting, allocation of payments, calculation of NRA tax and reconciliation of tax applied between the DB systems and the tax authorities.What well offer you
100% reimbursement under child care assistance benefit (gender neutral)Sponsorship for Industry relevant certifications and educationAccident and Term life Insurance
Your key responsibilities
Managing the day to day processing/deliverables for operational tax processes like Withholding Tax, Relief at Source, Reclaims for the businesses/regions supported by Operational Tax including the reporting, payment and reconciliations.Filing tax reclaimsTax reporting, tax payments and tax audits.The candidate would be expected to well verse with withholding tax processes, primarily tax reclaims and relief at source.The day-to-day processing of functions within pre-defined timelines and ensuring the process is run in a controlled mannerEnsure that there are no misses in any of the internal/external or regulatory deadlinesMange the Monthly / Annual reporting and relevant payment processes to the regulatorsProduce Tax MIS and maintain full audit trailsAdvise on the right level of documentation and tax rates to be applied per country/ counterparty status and Ensure continuous maintenance of relevant Tax data on back office systemsInterpretation of amendments to the existing rules and regulations pertaining to the relevant tax. All the relevant Key Processing Indicators are achieved and delivered as agreed.Drive regulatory changes in partnership with IT and Business within operations.Knowledge of Trade Life cycle, Reconciliation of accounts, Exposure to back office systems and Reconciliation systems like TLM, etc. will be an added advantageReview the processes undertaken within the team and redevelop and redesign where cost savings/efficiencies can be madeEnsure all client (internal and external) queries are dealt with in a timely and effective manner. Experience of directly dealing with Clients would be an added benefit.
Your skills and experience
CA / MBA/ Graduate with 6-8 years of prior working experienceArea of ExpertiseAccounts, Taxation, Finance, ReconciliationThe candidate should be well versed with the various Tax regulations and have the ability to understand the various aspects and concepts of taxes like Financial Transaction Tax, Stamp Tax, Withholding Tax, Reclaims filing, Reporting, and Payments etc.Knowledge of Equities Trade Life cycle, Reconciliation of Nostro and internal accounts, Exposure to back office systems and Reconciliation systems like TLM, etc. will be an added advantageKnowledge of withholding Tax Reclaims and RAS.Accounts- Reconciliation, Substantiation, MIS, PaymentsSettlements Financial instruments, Custody & Asset managementExposure to Equities Settlements / Asset Management preferredStrong time management, organizational, planning and follow-up skills; ability to multi-task effectivelyAbility to prioritise competing demandsStrong analytical and problem solving skillsProficient in MS office applicationsStrong capacity to assimilate other stakeholders perspectives and fast learning abilitiesAbility to use sound judgment to meet regulatory standardsGeneral knowledge of Business Banking product setPreference will be given to local candidates
How well support you