The role holder is responsible for reviewing and updating the business' Customer Tax Reporting (CTR) (i.e. CRS and FATCA) policies, processes and controls. The role holder will support in managing TFS's CTR risks, and implementing tax related projects as relevant.
Client Details
The client is a large, global bank with a well established presence in Asia.
Description
- Review the technical CTR positions / interpretations adopted by the business, identifying any areas of risk which may require stakeholder and/or external input.
- Engage the business and relevant stakeholders to understand how best to operationalise any proposed changes. Following all input, propose solutions to best implement those changes, or identify any areas of challenge for escalation to management.
- Review existing CTR related controls in operation by the business, identifying any potential CTR-related risks. Recommend control improvements to address any potential risks, following engagement with relevant stakeholders on how such controls may be operationalised within the existing business operating model.
- Draft an end-to-end policy and procedures document, bringing together all existing and new CTR-related policies, processes and controls in one documented manual. Engage relevant stakeholders to ensure appropriate internal endorsement.
- Overee annual AEOI reporting by the business, reviewing classifications and technical positions.
- Support senior management to direct the bank's response to the external regulatory consultation process for CTR-related matters.
- Attend appropriate internal tax / regulatory related governance forums to ensure senior management are kept updated regarding the current status and ongoing management of CTR risks for the business.
- Provide technical input into CTR-focused regulatory change projects which impact the TFS business at Group / GPB / global TFS level and to participate in their working groups, as appropriate
- Produce and deliver verbal and/or written CTR training and technical updates for colleagues, as well as external CTR-related client comms.
- Have strong technical knowledge, recognised as a value add SME in CTR obligations.
Profile
To be successful in this role, the role holder should ideally have the following skills and experience:
- Experience and/or technical knowledge/awareness of CTR (CRS & FATCA) is necessary, with the application to trust structures preferable but not necessary
- Experience of trust tax matters / private client tax issues is preferable but not necessary
- Team worker and able to manage multiple stakeholders, including front office, administrative staff, second line of defence SMEs (e.g. legal and compliance), external advisors and senior management in the business
- Attention to detail
- Strong communication skills
- Project management skills, with ability to prioritise and manage multiple workstreams
- Organised
- Ability to review and interpret new and proposed legislation and understand the practical impacts for the business
- Experience in governance and risk management preferable
Professional tax or accounting qualification desirable but not necessary
Job Offer
Competiive package and opportunities for career advancement
To apply online please click the 'Apply' button below. For a confidential discussion about this role please contact Harry Buckley on +852 3602 2486.