Private Asset Tax Manager

Schroders; Greater London; Hybrid; GBP 90,000 - 130,000; Full time

Job summary

Schroders is seeking a Private Assets Tax Manager to support the Head of Private Assets Tax in second-line tax oversight across private asset funds and structures. You will review tax positions, contribute to governance papers, and escalate issues as needed.

Working with stakeholders, you will help promote robust tax risk management and ensure tax positions align with the Group Tax Risk Framework and appetite. This is a second-line oversight role with no first-line responsibility.

Qualifications

• Professional tax qualification and background in funds taxation.
• Experience monitoring legislation and implementing tax changes.
• Strong understanding of private asset fund structures and tax issues.
• Ability to identify material tax risks and escalate when needed.
• Proven ability to review complex tax positions and guide governance.

Responsibilities

• Provide second-line tax input and risk-based reviews of complex transactions.
• Develop tax guidelines and guardrails for fund structures.
• Review investor terms and structuring proposals for tax risk.
• Escalate material issues to Head of Private Assets Tax when required.
• Maintain governance materials, playbooks and escalation triggers.

Skills

Strong communication

Stakeholder management

Risk assessment

Governance & controls

Analytical thinking

Second-line oversight

Tax profession

Education

CTA/ACA or equivalent

Job description

We are looking for a Private Assets Tax Manager to support the Head of Private Assets Tax in providing second-line tax oversight across Schroders’ private asset funds and business. Reporting into Group Tax, the role plays a key part in ensuring that private asset products, structures and associated tax positions are reviewed and assessed in line with the Group Tax Risk Framework, established tax risk appetite, and escalation protocols.

The successful candidate will provide pragmatic tax insight and independent challenge, support risk-based reviews, contribute to governance and reporting materials, and identify issues that may require escalation to the Head of Private Assets Tax. Working closely with stakeholders across the business, the role helps promote robust tax risk management and effective governance across the private assets platform.

This is a second-line oversight role and does not involve first-line responsibility for transaction structuring, execution, implementation, or business decision-making. It also does not hold ownership of the overall Private Assets governance framework.

About Schroders

Schroders is a global investment manager which provides active asset management, wealth management and investment solutions. We aim to provide excellent investment performance to clients through active management. We serve a diverse client base that includes pension schemes, insurance companies, sovereign wealth funds, endowments, foundations, high net worth individuals, family offices, as well as end clients through partnerships with distributors, financial advisers, and online platforms.

Established in 1804, we have around 5,500 people across 36 global locations. Schroders' success can be attributed to its diversified business model, spanning different asset classes, client types and geographies.

The base

We moved into our new HQ in the City of London in 2018. We’re close to our clients, in the heart of the UK’s financial centre and we have everything we need to work flexibly.

What you'll do

• Support the Head of Private Assets Tax in applying the Group Tax risk framework and agreed tax risk appetite to private asset products and structures.
• Provide second-line tax input and undertake risk-based review of complex or higher-risk transactions and tax positions.
• Contribute to tax guidelines and standard positions for fund and investment structures, including key tax guardrails aligned to agreed risk appetite.
• Review investor terms, side letters and structuring proposals where these may depart from agreed principles or create material tax risk.
• Assist in the assessment of proposed departures from Group Tax policy or agreed tax principles, documenting implications and escalating to the Head of Private Assets Tax where required.
• Help maintain visibility of early-stage structuring activity, including through relevant governance papers and forums where appropriate, in order to identify matters requiring second-line review, challenge or escalation.
• Contribute to the application of agreed principles and expectations for external adviser engagements, and provide input or review for complex or high-risk matters where required.
• Help maintain governance materials and control tools, including playbooks, checklists, review thresholds and escalation triggers, to promote consistent tax risk management.
• Review material adviser outputs and key tax positions on a risk-based basis, focusing on areas of judgement, complexity or structural significance.
• Provide second-line oversight of structuring implementation by helping confirm that key tax-sensitive steps are carried out in line with agreed design and governance expectations.
• Help apply governance checkpoints across the fund lifecycle, including structuring, launch, post-implementation and significant change events, to facilitate timely review and escalation where needed.
• Promote tax awareness across private asset stakeholders by helping clarify escalation triggers, governance expectations and the distinction between first-line activity and matters requiring Group Tax input.
• Monitor tax rule changes and emerging risks relevant to private asset funds and structures, escalating material developments and contributing to updates to governance materials and guidance.
• Assist in tracking material tax risks, disputes and tax authority interactions relevant to private asset funds and structures, ensuring appropriate documentation, follow-up and visibility for the Head of Private Assets Tax.

The knowledge, experience and qualifications you need

• Professional qualification in tax (e.g., CTA, ACA) or equivalent
• Relevant experience in funds taxation, in particular private asset funds and structures.
• Experience monitoring legislation and supporting impact assessments and implementation of process changes.
• Strong understanding of private asset fund structures and relevant tax issues at portfolio, fund/structure and investor levels.
• Ability to identify material tax risks and apply sound judgement on matters requiring review or escalation.
• Ability to support effective review and challenge of tax analysis and structuring matters.
• Good understanding of tax governance, risk management and escalation principles.
• Strong communication and stakeholder management skills.

Our purpose is to deliver excellent investment performance to clients through active management. We believe diverse perspectives and an inclusive culture help us make better decisions and achieve better outcomes for our clients. That's why inclusion is a strategic priority for us, and we are an equal opportunities employer. You are welcome here, regardless of your age, disability, gender identity, religious beliefs, sexual orientation, socio-economic background, or any other protected characteristic.

We will consider flexible working arrangements for all roles and provide reasonable accommodations to support applicants and employees, including those with neurodiversity, disability, or physical and mental health needs. For more information, please visit our FAQs.

About Us

We're a global investment manager. We help institutions, intermediaries and individuals around the world invest money to meet their goals, fulfil their ambitions, and prepare for the future.

We have around 6,000 people on six continents. And we've been around for over 200 years, but keep adapting as society and technology changes. What doesn't change is our commitment to helping our clients, and society, prosper.

Job Info

• Job Schedule Full time
• Locations 1 London Wall Place, London, EC2Y 5AU, GB