Vice President - Tax

Placeholder Commercial Real Estate Platform; City of Westminster; On-site; GBP 80,000 - 110,000; Full time

Job summary

A financial services provider is hiring a Vice President – Tax in City of Westminster, responsible for adhering to tax policies and leading the tax reporting team. Candidates must have a finance-related degree, extensive corporate tax experience, and strong communication skills. This full-time permanent position offers access to top qualifications and professional development opportunities.

Benefits

Complimentary Lunch

Cycle to work scheme

Retail Discounts

Qualifications

• Qualified tax professional or accounting qualification with solid experience in the financial services sector.
• Extensive experience of providing internal advisory to business lines.
• Experience of VAT/PESM is a plus.

Responsibilities

• Review and update the Bank's tax policy and strategy for approval.
• Ensure compliance with the Bank's tax policy and strategy.
• Manage the Bank's tax reporting and compliance, dealing with auditors and local tax authorities.

Skills

Attention to detail

Excellent communication skills

Experience in managing a team

Extensive experience of corporate taxes

Education

Degree educated in Finance, Accounting, or equivalent

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. Bank values the diversity of its employees.

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

Qualifications

• 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

Learning and Development

• Access to the best in class qualifications from leading professional bodies such as the Professional Bankers Certificate and Green & Sustainable Finance Certificate from the Chartered Banker Institute
• 24/7 on‑demand access to over 600 e‑tutorials to build and refresh core and advanced banking knowledge
• Regular pan‑bank stay connected sessions to keep in touch with what is going on across the bank and build your network
• Exploring your unique and collective strengths and development areas to become the best version of yourself using the globally renowned Insights personality profile
• Developing our People Managers to help coach and guide you towards success, through our 9‑month People Manager Development Programme
• Encouraging a "growth" personal mindset and promoting continuous professional development (CPD) through annual events such as Learning at Work Week
• Embracing change in a fast‑moving industry and encouraging a forward‑looking perspective on career development to "future‑proof" your career
• Promoting cross cultural intelligence and to seek out diverse and inclusive perspectives on challenges faced and their solutions

Benefits

• Complimentary Lunch Cycle to work scheme Retail Discounts