Vice President - Tax

Bank of China; City Of London; On-site; GBP 80,000 - 120,000; Full time

Job summary

A leading banking institution in London is seeking a Vice President - Tax to oversee tax compliance and strategy. The successful candidate will manage a team and ensure adherence to UK tax regulations while providing advisory services to internal stakeholders. Extensive experience in corporate and VAT taxes is required, along with strong communication skills. This is a full-time permanent position.

Qualifications

• Solid experience in the financial services sector.
• Extensive experience of corporate taxes and VAT/PESM.
• Experience of transfer pricing UK/UK and UK/International.

Responsibilities

• Review and update the Bank’s tax policy and strategy.
• Ensure compliance with the Bank’s tax policy.
• Manage the Bank’s tax reporting and compliance.
• Manage and mentor the tax reporting team.

Skills

Attention to detail

Excellent communication skills

Education

Degree in Finance or Accounting

Qualified tax professional or accounting qualification

Job description

Financial Management department is in charge of planning, organising, directing and controlling the financial activities of the Bank. The department performs a variety of financial functions, including accounting and financial reporting, fixed asset and expenses management, budget and management reporting, taxation (indirect and direct), regulatory reporting, treasury (asset and liability management) and capital management. As a Vice President - Tax, you will be responsible for ensuring that the Bank adheres to the UK Code of Practice for Banks and is compliant with all direct and indirect taxes at all times. You will manage a team of suitably experienced individuals in the delivery of the Bank’s Tax Strategy and you will provide a robust tax service to internal and external stakeholders. This is a full time permanent position.

Key responsibilities

• Review and update the Bank’s tax policy and strategy for Board / Executive Management approval
• Ensure compliance with the Bank’s tax policy and strategy
• Review / oversight of existing governance arrangements with respect to tax risk
• Further develop the tax risk register
• Manage the Bank’s tax reporting and compliance, dealing with auditors and local tax authorities including tax disclosures for the UK Subsidiary’s financial statements
• Manage the timely delivery of UK tax computations, including the branch capital attribution calculation
• Manage the calculation of tax payments on account
• Review and approve monthly tax calculations, take ownership of the balance sheet tax accounts
• Manage VAT compliance, ensuring timely submission of accurate VAT returns
• Review and approve the annual bank levy calculation
• Responsible for the annual DPT assessment
• Miscellaneous taxes - ATED, SDLT, CIS
• Ongoing review and consideration as to the reasonableness of current PESM
• Ongoing review and assessment of Transfer Pricing Risks and documentation of the methodology
• Main point of contact for transaction-related tax considerations and for external tax advisors
• Provide assistance with PAYE related issues
• Manage and mentor the tax reporting team

Requirements

• Degree educated in Finance, Accounting, or other equivalent
• Qualified tax professional or accounting qualification with solid experience in the financial services sector
• Extensive experience of corporate taxes
• Experience of VAT / PESM is a plus
• Extensive experience of providing internal advisory to business lines
• Extensive experience of transfer pricing UK / UK and UK / International
• Experience of Regional / International Group Function
• Experience in managing a team
• Attention to detail
• Excellent communication skills