Assistant Vice President - Tax Custody

HSBC Global Services Limited; Bengaluru; On-site; INR 900,000 - 1,500,000; Full time

Job summary

HSBC Global Services Limited in India seeks a Tax Operations professional to research, analyse and implement regulatory requirements across worldwide tax regimes. You will deliver accurate tax processing, maintain client relationships and support continuous improvement in tax services.

You will collaborate with the Tax Technical Senior Manager to ensure timely responses to complex queries, maintain data integrity, and contribute to audits, reporting and processing efficiencies within the Tax

Qualifications

• In-depth knowledge of the securities industry and global market infrastructure.
• Strong written and verbal communication skills.
• Proven client-focused approach.
• Ability to work in a pressurised environment and manage priorities.
• Ability to take initiative and drive change.
• Strong planning and organisational skills.
• Detailed knowledge of Tax Operations, Withholding tax, SDRT, and tax treaties.

Responsibilities

• Work with Tax Technical Senior Manager to research, analyse, understand, implement and manage changing regulatory requirements of worldwide tax regimes.
• Contribute to maintaining quality service and minimise client risk by meeting timelines and resolving complex queries within 24 hours or agreed timeframes.
• Decipher market information and assess impacts on HSBC and clients; update procedures as appropriate.
• Undertake tax-related project work and ensure accurate client tax data; report results in client meetings.
• Ensure tax related static data and rates are correct and reconciled; support audits and management information.
• Provide technical support to Tax Logistics; support processing efficiencies and client onboarding.
• Manage reporting for Tax Transparent Funds and oversee delivery improvements and risk controls.

Skills

Securities industry knowledge

Communication skills

Client focus

Prioritisation under pressure

Initiative and change management

Planning and organisation

Tax research knowledge

Tools

Tax systems and data tools

Job description

Some careers shine brighter than others.

If you’re looking for a career that will help you stand out, join HSBC and fulfil your potential. 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.

HSBC is one of the largest banking and financial services organisations in the world, with operations in 64 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.

In this role, you will:

• To work with Tax Technical Senior Manager to effectively research, analyse, understand, implement and manage changing regulatory requirements of worldwide tax regimes. In addition, the jobholder is to contribute to the profitability and growth of the markets and security services client base by delivering excellent client service experience and striving to enhance existing institutional relationships through improved service and developing a service model and reputation that also attracts new business.
• To contribute to the maintenance of an effective quality service and reduce client risk to a minimum by ensuring that all work is processed within agreed timelines and complex client queries are responded to within 24 hours or agreed timeframe.
• To decipher new market information and access the impact on HSBC and our clients – notifying clients accordingly. By obtaining external data, cross checking against other resources and tax treaties, implementing updating procedures as appropriate.
• To undertake Tax related Project work as required. To ensure that all client tax related static is maintained and accurate. Investigating and resolving queries and exceptions within set targets. Report to clients results of all investigation work during regular client meetings.
• To ensure that all Tax related static held within markets and security services systems including all standard market and treaty rates are correct and fully reconciled. To comply with all current regulatory requirements contributing to successful Tax authority audits.To maintain statistics and produce management information. Provide support to Tax Transparent Funds. Provide guidance and support on Stamp Duty Reserve Tax to Custody Tax & our clients
• Provide technical support to Tax Logistics. Develop and maintain relationships and internal reporting to support processing efficiencies, improved client service and/or reduced operational/client risk. Support the other business areas with technical and market knowledge to aid efficient and accurate responses to client queries, client on boarding, new markets & products in respect of department activities.
• Manage, required periodic reporting related to Tax Transparent Funds. Drive continuous Tax Transparent Funds delivery improvement based on the learning driven out by BAU knowledge. Oversee adherence to standard tools, processes and practices for all Tax Transparent Funds activity within Tax Services. Manage and control processing risk around Tax Transparent Funds and ensure appropriate contingencies are provided.
• Manage the Custody Tax systems process, work with IT to ensure continued development takes place to Xceptor and Bancs as per the requirements of Custody Tax.

To be successful, you will:

• Proven in-depth knowledge of the securities industry and global market infrastructure
• Proven communication skills- written & verbal
• Proven client focus approach
• Proven ability to work in a pressurised environment and manage priorities effectively
• Proven ability to take initiative and drive change
• Proven planning & organisation skills
• Proven detailed knowledge of: Tax Operations environment, Withholding tax and double taxation agreements worldwide, Stamp Duty Reserve Tax (SDRT), Tax Research / Support

You’ll achieve more when you join HSBC.

HSBC is an equal opportunity employer 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 work and opportunities to grow within an inclusive and diverse environment. We encourage applications from all suitably qualified persons irrespective of, but not limited to, their gender or genetic information, sexual orientation, ethnicity, religion, social status, medical care leave requirements, political affiliation, people with disabilities, color, national origin, veteran status, etc., We consider all applications based on merit and suitability to the role.

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***Issued By HSBC Electronic Data Processing (India) Private LTD***