Assistant Vice President - Tax

HSBC Holdings plc; Mumbai; On-site; INR 1,800,000 - 3,200,000; Full time

Job summary

HSBC Holdings plc in India seeks an experienced Tax Manager to lead direct tax operations, advisory, and group reporting for INM Tax. You will oversee tax computations, assessments, and governance across domestic and cross-border activities while coordinating with business functions and auditors.

The role requires CA qualification with 2–5 years post-qualification experience in Banking/FS/Big 4, strong knowledge of Indian Direct Tax laws, and expertise in tax provisioning and IFRS/Ind AS

Qualifications

• Qualified CA with 2–5 years post-qualification experience in Banking/Financial Services/Big 4.
• Strong knowledge of Indian Direct Tax laws and international tax treaties.
• Experience in Income Tax assessments and management of tax audits for large corporates or banking entities.
• Understanding of deferred tax accounting (Ind AS 12 / IFRS / AS 22) and group reporting.

Responsibilities

• Prepare tax computations and documentation ahead of statutory due dates.
• Support submissions for income tax assessments and appearances before tax authorities.
• Prepare appeals and manage litigation strategy with legal counsels and CIT(A).
• File applications for tax exemption certificates and provide guidance on evolving tax laws.
• Advise on FATCA/CRS queries and cross-border transactions.

Skills

Direct Tax

International Tax

Group Reporting

FATCA/CRS

Education

CA (Chartered Accountant)

Tools

IFRS/Ind AS

Job description

Some careers open more doors than others.

If you're looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

We are currently seeking a tax professional to join the INM Tax team

Job Introduction

The INM Tax team is responsible for managing direct tax compliance, advisory, assessments, litigation, tax accounting, and group reporting across all business lines within the entity. As tax regulations evolve and cross-border operations expand, the team plays a critical role in mitigating tax risks, ensuring statutory compliance, and driving strategic tax governance.

INM Tax is looking for a proactive and experienced Manager to support direct tax operations, litigation, and advisory functions for the bank.

The Manager will be responsible for overseeing tax computations, managing statutory and income tax assessments, advising business functions on domestic and international tax implications, and managing group reporting and uncertain tax position reporting, FATCA/ CRS advisory.

The Manager will play a crucial role in maintaining strong corporate tax governance, ensuring seamless audit support, and mitigating exposure during tax proceedings.

Principal Responsibilities of the Manager will include but not limited to the following:

• Prepare Tax computation and appropriate documentation, ensuring filing before the statutory due date.
• Support in the preparation of submissions for income tax assessment of the bank, make timely appearances, and file required submissions before various tax authorities.
• Prepare appeals to be filed before CIT(A) and manage litigation strategy in coordination with legal counsels.
• Prepare and file applications for obtaining tax exemption certificates for the bank
• Issue timely guidance to assist Business Areas and operational functions in complying with evolving tax laws and rules.
• Provide tax implications on outsourcing services / activities to group companies and third-party vendors.
• Advise the Remittance team on cross-border transactions and issues related to Form 145/ 146.
• Facilitate the annual tax audit and support statutory audit from a direct tax perspective.
• Prepare the Tax Computation Statement (including deferred tax) for determining tax charge in financial statements (local and group reporting) and regularly update reporting relating to Uncertain Tax Positions.
• Ensure timely and accurate group tax reporting, particularly of deferred tax and provision for tax. Work with stakeholders in INM and group companies to ensure consistent tax filings and reporting relating to Indian entities and overseas group entities.
• Provide inputs from an Indian tax technical perspective on a need basis to overseas group entities for tax compliance, reporting, audit, and litigation.
• Advice on FATCA/ CRS queries

Education Qualifications

Qualified Chartered Accountant (CA) with a minimum of 2 - 5 years of post-qualification experience in Banking / Financial Services / Big 4.

Certifications

Chartered Accountant (ICAI) / International Tax Certifications (optional/preferred)

Other Requirements

• Possess decent technical expertise in Indian Direct Tax laws and International Tax treaties.
• Demonstrate experience in handling Income Tax assessments and managing tax audit proceedings for large corporates or banking entities.
• Have sound knowledge of deferred tax accounting (Ind AS 12 / IFRS / AS 22) and group reporting frameworks.
• Exhibit strong analytical skills, attention to detail, and excellent verbal and written communication skills to interact with cross-border stakeholders and tax authorities.

Additional Notes :Familiarity with AI-enabled tools is an advantage.

As an employee, you are required to perform your duties in a professional capacity exercising independent judgement, discretion and decision-making authority in planning, organising, directing work, supervising and appraising the work of team members, as applicable; and taking accountability for delivery outcomes. You will represent the organization with relevant internal and external stakeholders. You will allocate and prioritize work, provide direction and feedback, manage team capacity and leave in line with policy as applicable.

You'll achieve more at HSBC.

HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment.

Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

Issued by The Hongkong and Shanghai Banking Corporation Limited, India