Tax Research Vice President

BNY Mellon; Manchester; Hybrid; GBP 60,000 - 100,000; Full time

Job summary

Join a dynamic global financial services company as a Vice President in Tax Research. This innovative firm is at the forefront of the financial industry, focusing on tax strategy and compliance. In this role, you'll leverage your extensive custody tax knowledge to monitor global tax laws and ensure compliance within the custody framework. Collaborate with experts across various teams to advocate for effective tax solutions and deliver training as needed. Enjoy a hybrid work environment that fosters personal growth and professional excellence while being part of a culture that values diversity and inclusion.

Benefits

Generous paid leaves

Paid volunteer time

Flexible global resources

Health and wellbeing programs

Qualifications

• Extensive tax experience in investment services required.
• Strong analytical skills and attention to detail are essential.

Responsibilities

• Monitor and analyze tax laws and compliance obligations.
• Ensure BNY complies with relevant local tax requirements.
• Deliver training and support discussions with tax authorities.

Skills

Tax Research

Custody Tax Knowledge

Analytical Skills

Communication Skills

Self-management

Knowledge of APAC and EMEA tax markets

Education

Extensive tax experience in investment services

Tools

Electronic tax research engines

Job description

Tax Research Vice President

At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world’s financial system, we touch nearly 20% of the world’s investible assets. Every day around the globe, our 50,000+ employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities, and people everywhere.

We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what #LifeAtBNY is all about.

We’re seeking a future team member for the role of Vice President, Global Tax Technical Research, to join our Asset Servicing team. This role is in Manchester and is a Hybrid schedule (3 days per week in-office required).

The Global Tax Product Management team focuses on tax strategy, development and enhancement of tax services, tax risk management, market presence, client facing tax support, and leveraging tax expertise across BNY globally. The key component for this role is custody tax knowledge with a strong background in tax research. This position will report to the Head of the Tax Research Group. The candidate will take a lead role in the tax research strategy and tax monitoring of markets in the global custody network. The candidate will work closely with our Custody Tax Product Team and other tax experts in the organization, including Corporate Tax and Tax Operations.

In this role, you’ll make an impact in the following ways:

• Monitors and analyses tax laws, rates, and compliance obligations resulting from global withholding tax, securities taxation or procedural change in markets, ensuring that these are incorporated in the custody framework timely.
• Review and analysis of tax services to ensure BNY complies with relevant local tax requirements.
• Informs BNY’s operational delivery teams of any withholding tax changes and works with the business to implement processes arising from tax change. Coordination with Corporate Tax as and when appropriate.
• Ensure market change is communicated in a concise, factual manner both internally/externally (drafting of client communications, memos).
• Preparation of analysis to support discussions/meetings with tax authorities/governments as necessary to advocate workable solutions to tax relief models.
• Research, preparation of analysis and communication of key regulatory initiatives impacting investment services.
• Deliver training where necessary.
• Close collaboration/communication with BNY’s sub-custodian network and Network Management teams.
• Participate in relevant tax industry working groups meetings as necessary.

Qualifications

• Extensive tax experience in investment services (domestic and foreign withholding taxes, systems of global exchange of tax related information, financial transaction taxes, taxation of investment funds) obtained through experience gained at a custody bank, financial service provider, investment fund company or professional services firm.
• Possess a high-level understanding of the APAC and EMEA tax markets and their impact on non-resident funds (for example, investment, sovereign and pension funds).
• Custody Tax:
  • Withholding Tax practices on securities (domestic and foreign withholding taxes, tax treaties, financial transaction/securities taxation, taxation of investment funds).
  • European Court of Justice tax cases impacting securities (e.g., Fokus Bank case).
  • Capital Gains tax treatment of securities.
• Team player able to work across multiple lines of business with excellent communication skills, both written and oral.
• Strong analytical skills and attention to detail.
• Proven ability to use electronic tax research engines.
• Ability to self-manage, prioritize and execute.
• Other languages capabilities are preferable but not critical.

At BNY, our culture speaks for itself. Here’s a few of our awards:

• America’s Most Innovative Companies, Fortune, 2024
• World’s Most Admired Companies, Fortune 2024
• Human Rights Campaign Foundation, Corporate Equality Index, 100% score, 2023-2024
• Best Places to Work for Disability Inclusion, Disability: IN – 100% score, 2023-2024
• “Most Just Companies”, Just Capital and CNBC, 2024
• Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024
• Bloomberg’s Gender Equality Index (GEI), 2023

Our Benefits and Rewards:

BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life’s journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.

BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.