Associate Director Direct Tax India

Standard Chartered India; Mumbai; Hybrid; INR 1,800,000 - 3,000,000; Full time

Benefits offered by this job

Competitive salary

Flexible working options

Learning & development programs

Inclusive work culture

Job summary

Standard Chartered India is seeking an experienced tax professional to oversee tax compliance and provide advisory support for the bank and its Indian subsidiaries. The role involves working with tax authorities, auditors, and senior counsels to manage assessments and appeals.

You will be part of a skilled tax team, using data/tech to improve efficiency while ensuring compliance with prevailing tax laws. Strong communication in English and Hindi is expected.

Qualifications

• Must have 6-8 years of working experience in banking/financial services tax.
• Experience in tax compliance, advisory and provision matters.
• Strong understanding of transfer pricing and tax accounting.

Responsibilities

• Oversight of tax compliance for Indian entities including tax provision and returns.
• Review tax accounting, group reporting and deferred tax.
• Assist in assessment proceedings (income tax and TP) and appellate proceedings.
• Support APA and MAP proceedings and tax advisory to business teams.
• Advise on tax implications of transactions and initiatives.
• Ensure audit-ready documentation and defence files.
• Oversee withholding taxes and leverage data/tech for efficiency.

Skills

Tax strategy

Tax advisory

Tax audits

Education

CA - Chartered Accountant

English

Hindi

Job description

Job Description

Job Summary

The role involves oversight on tax compliance and providing tax advisory for the Bank and Indian subsidiaries, including assessment and appeals; interacting with the tax authorities, statutory auditors, transfer pricing auditors, appellate authorities, senior tax counsels. The candidate will work with and support other senior members of the tax team.

The nature of the role involves specialist knowledge of tax, technical and analytical skills for representation before tax authorities, interaction with multiple stakeholders including external parties such as the auditors and tax/appellate authorities.

Key Responsibilities

• Oversight and review of tax compliances for Indian entities involving finalisation of tax provision, advance tax computation and payments, filing of income-tax returns, tax audit report, transfer pricing reports, FATCA/ CRS returns etc. in line with the extant tax laws and statutory timelines.
• Review of tax accounting including Group reporting and deferred tax accounting.
• Assist in assessment proceedings -direct tax and TP and, in appellate proceedings before the Commissioner Appeals and Tribunal
• Support in advance pricing agreement (APA) and mutual agreement procedures (MAP) proceedings.
• Assisting in providing tax advisory support and guidance to business teams and other internal teams
• Advising business on tax implications of transactions, products, and new initiatives
• Ensuring audit / assessment ready documentation, positions and defence files are prepared upfront
• 2nd line responsibility for oversight on withholding taxes
• Utilize technology/AI for drafting responses, improving audit productivity and for other areas to create efficiencies

Regulatory & Business Conduct

• Display exemplary conduct and live by the Group’s Values and Code of Conduct.
• Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
• Effectively and collaboratively identify, escalation, mitigate and resolve risk, conduct and compliance matters.

Key Stakeholders

• GFS Tax CoE team members
• Country Finance, Business Finance and other relevant internal stakeholders
• Statutory and Tax auditors
• Tax Council and revenue authorities

Skills And Experience

Must-have Skills

• Tax strategy
• Tax technical and advisory
• Tax audits, controversies and advocacy

Other Skills

• Tax compliance
• Tax accounting and reporting
• Use of Data, Analytics & Technology
• Risk Management and governance
• Collaboration and stakeholder management

Qualifications

• Experienced tax professional with 6-8 years of working experience in banking and financial services tax domain
• Chartered Accountant
• English, Hindi

About Standard Chartered

We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can't wait to see the talents you can bring us.

Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion.

Together We

• Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
• Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
• Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term

What We Offer

In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.

• Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
• Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
• Flexible working options based around home and office locations, with flexible working patterns.
• Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
• A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
• Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.