Manager, Tax, Mena
Dubai, United Arab Emirates
Job Description
Job : Audit, Accounting & Finance
Primary Location : Africa & Middle East-United Arab Emirates-Dubai
Schedule : Full-time
Employee Status : Permanent
Posting Date : 08/Nov/2023, 2:32:13 AM
Unposting Date : 22/Nov/2023, 5:59:00 PM
JOB SUMMARY
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:
JOB SUMMARY
- Standard Chartered is one of the world\xe2\x80\x99s most dynamic and exciting international banks. Once you have joined the team, we offer many opportunities to expand and grow your career.
- Reporting to the Head of Tax, assisting to manage the end-to-end UAE tax affairs for both Direct and Indirect Taxes, group reporting, AEoI regimes including but not limited to tax matters relevant to business, operations, products, Group Tax\xe2\x80\x99s initiatives as well as a support the Country\xe2\x80\x99s tax compliance with Group\'s requests; as well as a strong focus on tax risk-management. Role also has exposure to advisory and compliance support for other Middle East markets.
- This role should appeal to a tax professional interested in further developing their career in financial services in a dynamically evolving environment.
- Effective monitoring of controls and processes required by Group Tax policies and Procedures as process owner / risk owner (where appropriate) for issues including, but not limited, to direct and indirect taxes (hereinafter refer \xe2\x80\x9ctaxes\xe2\x80\x9d).
- Promoting general awareness of tax developments amongst stakeholders.
- Assist in providing advice and propose solutions to support business requirements (including assisting in industry engagement and liaison with local tax authorities)
- Respond to routine tax queries from the local business and support functions.
- Manage, review and submit tax returns in accordance with applicable laws and regulations, including managing Tax Centre of Excellence support centre staff (GFS Tax CoE).
- Manage, review, validate and reconcile Accounting records with tax returns and source systems and ensuring Tax GL accounts are substantiated periodically.
- Support periodic audits by tax authorities (including preparing tax authority audit files) thereby ensuring effective and efficient resolution of all audit issues raised.
- Provide support in ensuring all tax related documentation, statutory records, registers are maintained as per legal requirements.
- Assist reviewing, interpreting and analysing existing, new and amended regulations related to GCC tax regimes to ensure compliance, applicability and implementation throughout the bank\'s branches ensuring to undertake impact assessments
- Maintain effective control procedure over all aspects of the tax processes including process note and documentation. Proactively advise on processes that are required as well as assisting in the design, development and implementation of new policies and procedures (and review of existing process notes, guidance notes, manuals etc.)
- Provide support in performing health check reviews on Target Operating Model and compliance activities including identification of deficiencies in processes, systems and procedures, perform tax compliance checks and recommend control improvements/corrective actions with tax processes to ensure that any tax non-compliance is addressed, and all tax related reporting submissions are done on timely basis.
- Monitoring changes in local country\xe2\x80\x99s business, product, strategy, etc & provide input into the sign-off of key governance documents such as Country Addendums, changes in group corporate structure, etc
- Provide regular updates to Regional Tax Leads on compliance status, obtain buy-in to recommendations, escalate issues and manage risks within Enterprise Risk Framework.
- Review and submit periodic group and local tax reporting and forecasting of UAE entities, including extending support to Country Finance Managers for other Middle East countries.
- Provide support to Group Tax projects and initiatives
- Lead through example and build the appropriate culture and values
- Work in collaboration with Group Tax, GFS Tax CoE, risk owners and process owners
- Participate in training operated by the Group, keep abreast of local developments and participate in delivery of training to business and other support functions/internal stakeholders to ensure awareness of applicable tax regimes including the GFS Tax CoE.
- Support in embedding tax processes in business activities in accordance with group tax policies and standards ensuring the control environment adequately mitigates the inherent tax risks as assessed through the risk framework.
- Support the Process Owner under the Group\xe2\x80\x99s Risk Management Framework (including relevant Operational Risk Framework ownership for Tax.
- Identify, document and escalate risks and ensure appropriate management
- Awareness and understanding of the regulatory framework, in which the Group operates, and the regulatory requirements and expectations relevant to the role.
- Continue to develop and improve framework to assist CFO as risk owner and discharge first line obligations and responsibilities for taxes.
- Engage with finance teams & assist in local stakeholder management on Tax requirements, including assisting the RCO periodic tax declarations for Group in explaining reporting processes, governance & control models & other processes implemented.
- Display exemplary conduct and live by the Group\xe2\x80\x99s 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.
- Support the Finance teams to achieve the outcomes set out in the Bank\xe2\x80\x99s Conduct Principles: [Fair Outcomes for Clients; Financial Crime Compliance; The Right Environment.]
- Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
- All Business and Functions within the Bank at Group/Regional and Country levels
- CFO
- Group and Regional Tax Teams
- GFS Tax CoE teams
- Tax Authorities
- Embed the Group\xe2\x80\x99s values and code of conduct to ensure adherence with the highest standards of ethics, and compliance with relevant policies, processes and regulations
- Perform other responsibilities assigned under relevant Group, Country, Business or Functional policies and procedures.
- Professional Accountancy or Taxation qualification, CA/ACCA / CPA/ ADIT or CTA equivalent
- Minimum 6 years with taxation in Big 4 accounting firm; Banking experience preferred.
- Strong knowledge of tax laws and regulations
- Ability to work under pressure and meet deadline
- Strong written and verbal communications skill in English. Arabic is advantageous
- Excellent stakeholder management skills, able to simplify complex tax matters for business stakeholders
- General knowledge of international tax legislation together with understanding of banking products
- Experience with Middle East tax regulations is desirable.
- Strong influencing and collaboration skills; able to drive alignment of teams within and across the organizational boundaries
- Sound knowledge of information technology.
- Technical knowledge on VAT and Corporate Tax
- Understanding of accounting principles, and its implications on Tax reporting
- Practical experience in compliance, reporting systems and tools
- Arabic language is preferred
- Leadership Competencies & Leadership Level
- Take the Lead
- Build Resilience
- Collaborate
- Communicate
- Deliver Sustainably
- Achieve Results Line
- Excellent interpersonal and communication skills with the ability to drive change effectively with staff of all levels
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
- Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
- Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations
- Time-off including annual, parental/maternity (20 weeks), sabbatical (12 weeks 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.
- Recruitment assessments - some of our roles use assessments to help us understand how suitable you are for the role you\'ve applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.
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Job Detail
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Job IdJD1601880
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IndustryNot mentioned
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Total Positions1
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Job Type:Full Time
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Salary:Not mentioned
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Employment StatusPermanent
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Job LocationDubai, United Arab Emirates
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EducationNot mentioned