AVP Indirect Tax

Seeking an AVP Indirect Tax professional to join the Tax team of a global investment bank.

The Indirect Tax team has global oversight of transaction based indirect taxes (specifically VAT/GST and derivatives thereof, customs and import duties but excluding stamp taxes) and is responsible for ensuring that consistent risk management processes are applied to international and cross border transactions and that there are adequate controls and processes are in place to manage tax obligations and risk.

Working across, and in collaboration with, the UK based Indirect Tax team and Asia Tax team, the purpose of the role is to provide support to all business areas and to manage indirect tax obligations and risk management of the Corporate, Investment Bank and Wealth Management businesses.

Responsibilities:

Transaction Support/Advisory:

• Providing indirect tax support and direct interface to the business
• Advising on structuring transactions
• Mitigating tax risk
• Liaising with other tax colleagues and the business as appropriate to provide GST input into regional NPSOs, including leading any implementation/change requirements to ensure that systems accommodate GST requirements and that all Indirect Tax risk is managed appropriately

Planning:

• Assisting in developing ideas, providing input to various VAT/GST savings and mitigation initiatives, including optimising the VAT/GST position of transactions (e.g. on procurement contracts)
• Ensuring practical implementation and follow up of any planning

Compliance:

• Preparation and review of UK VAT return calculations, in conjunction with Singapore FC (including prepare recovery rate calculations, AIP sweep, adjustments, voluntary disclosures, Intrastats, ESLs)
• Reviewing Asia region GST returns (some limited preparation work may be required)
• Providing input and recommendations into systems development, including the development of standardised Indirect Tax platforms and adoption of global best practices where appropriate
• Assist with internal and external audits queries
• Review and update Finance’s recharge matrix to ensure that appropriate indirect taxes are applied.

Requirements:

• University degree in accounting
• 5 years taxation experience in financial services, gained either in a Public Accounting firm or in a bank
• Knowledge of Asia Indirect Tax
• UK VAT knowledge a plus

To apply please send your updated resume to komal@ksconsulting.com.sg