Senior Tax Advisor

Bank of America; City Of London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A leading financial institution in the UK is seeking a Senior Tax Advisor to provide tax advice and manage risks in the EMEA region. The successful candidate will have significant experience in corporate tax, particularly within financial services, and will work closely with a team of professionals. This role offers a competitive salary and benefits, along with opportunities for professional development.

Benefits

Private healthcare

Competitive pension plan

20 days of back-up childcare

Flexible benefits options

Access to mental health resources

Employee Assistance Program

Charity donation matching

Access to cultural membership programs

Community volunteering opportunities

Qualifications

• Significant experience in financial services corporate tax.
• Currently working within the banking taxation field.

Responsibilities

• Provide tax advice and manage tax risks in EMEA.
• Oversee EY managed outsourcing for corporation tax filings.
• Review and evaluate impacts of new tax legislative proposals.
• Implement tax governance and risk management initiatives.
• Develop and approve significant tax planning initiatives.
• Represent the company at industry forums.

Skills

In-depth post qualification experience in UK and International tax

Effective communication skills

Strategic vision

Ability to influence key stakeholders

Ability to balance risk: reward

Ability to manage multiple issues simultaneously

Tools

Excel

Word

PowerPoint

Job description

Job Description:

Job Title: EMEA Corporate Tax - Senior Tax Advisor

Corporate Title: Director

Location: Chester / London

Company Overview:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Location Overview:

Chester

Find us in the city of Chester, a destination renowned for its culture, history, and beauty. Working at Bank of America Chester offers a far-reaching global career for a world-renowned organisation, whilst being ideally situated against the backdrop of the rolling North Wales hills and the banks of the serene River Dee.

London

Our London office is based just a stone’s throw from the magnificent St. Paul’s Cathedral on bustling King Edward Street. Here you’ll find modern workspaces and a state-of-the-art auditorium space. In addition, we’re proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus which have been created with the planet in mind. Make sure to take time for yourself and head up to our rooftop terrace and take in the spectacular views across London. Finally, your physical wellness is well-c for with our onsite gym facilities and medical centre.

The Team:

The Chief Financial Officer (CFO) Group is responsible for the overall financial management of our company. This includes accounting, financial, and regulatory reporting, balance sheet management, financial planning and analysis, treasury, investor relations, corporate investments and tax.

Global Financial Control (GFC) is responsible for managing and executing consolidated financial and legal entity reporting; interpreting and applying accounting policy and standards; overseeing financial controls and operational risk assessments; managing and maintaining financial data and systems; managing general ledger and sub‐ledger accounting; and supporting tax activities. In short, our focus in GFC is to get the numbers right and to work in support of the company’s goals, most importantly responsible growth.

EMEA Corporate Tax manages tax risk for the enterprise, determines tax strategy, advises on tax consequences of business transactions and structures, manages external tax audit and controversy processes and manages income tax accounting and compliance activities in EMEA.

Role Description:

The EMEA Corporate Tax Senior Tax Advisor will report to the Head of international Tax and will work closely with a small team of tax professionals based in London and Paris, as well as tax colleagues globally.

Responsibilities:

• Provide tax advice to and manage tax risks associated with certain business and operation units in the EMEA Global Banking and Markets lines of business, including the review and approval of new products and changes in the bank’s operating models.
• Oversee the EY managed outsourcing arrangement for certain countries within EMEA, including: the review and approval of corporation tax filings, tax provision calculations and tax authority audits and settlements.
• Review and evaluate the impact of any new tax legislative proposals or changes, communicate the impacts to internal stakeholders and develop any necessary advocacy or action plans.
• Oversee tax governance and risk management consistent with the global framework; determine local tax guidelines; and implement initiatives to improve operational excellence.
• Work with colleagues in International and US tax and assist with queries on the local tax implications of global activities.
• Develop and approve tax planning initiatives with significant impact.
• Represent Bank of America at industry body forums and perform advocacy services as required, including industry submissions and liaising with tax authorities or government representatives.

What we are looking for:

• Significant level of in-depth post qualification experience in UK and International tax
• Currently working within a financial services corporate tax department or with significant subject matter expertise in banking taxation at an accountancy or law firm.
• Effective communication skills. The role involves a high level of interaction with senior stakeholders in management, business and support groups on taxation matters.
• Strategic vision. Anticipate tax consequences arising from business developments or legislative change; develop tax effective solutions.
• Ability to influence key stakeholders and champion new ideas; excellent advocacy and negotiation skills; build lasting relationships; resolve conflict; diplomatic.
• Ability to balance risk: reward and make appropriate decisions.
• Ability to manage multiple issues simultaneously.

Skills that will help:

• Proficiency in Excel, Word and PowerPoint

Benefits of working at Bank of America:

UK

• Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner
• Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons
• 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum
• The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc.
• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.
• Access to an Employee Assistance Program for confidential support and help for everyday matters
• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution
• Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK’s most iconic cultural institutions and exhibitions.
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

Bank of America:

Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.