Assistant Tax Manager, Financial Services, London

We have an exciting opportunity for a junior candidate to join a recently integrated Tax function supporting both the Bank and Securities business. Practical experience of UK corporation tax and tax reporting under IFRS is essential, along with a familiarity around other taxes.

Key responsibilities:

UK Tax Compliance & Control:

Preparation of annual UK corporate tax returns and quarterly VAT returns & supporting the overall compliance process

Providing assistance with other UK tax regimes e.g. Senior Accounting Officer, Bank Levy, R&D Expenditure Credit, etc.

Dealing with HMRC on tax compliance matters including HMRC inquiries

Local & Head Office (HO) Tax Reporting:

Preparation of monthly tax accruals and quarterly HO reporting packages

Preparation of tax disclosures for interim and year-end financial statements

Responding to HO follow up queries, and liaising with external & internal auditors

Support of Operational Tax Compliance:

Preparation of operational tax returns e.g. US form 1042 reporting and Italian substitution tax.

Providing support on operational tax matters e.g. tax documentation, certificates of residence, reclaims etc.

Support Management of Transfer Pricing (TP) Risk:

Monitoring intra-group arrangements and assistance with preparation of local entity and HO TP documentation

Reviewing the TP implications of new transactions and new business proposals

Provide Tax Advisory Support to the Regional Business:

Assistance with review of tax implications of transactions, legal agreements etc.

Preparing assessments of the impact of tax legislative changes.

Supporting tax-related projects and interacting with non-tax stakeholders.

Skills and experience:

Required:

Recognised professional qualification covering tax (e.g. ACA/IOT or overseas equivalent).

Practical experience of UK corporation tax and tax reporting under IFRS

Financial sector tax experience, preferably in banking and/or capital markets tax

Awareness of tax risk and importance of risk control procedures

Ability to engage with non-tax experts and articulate/explain tax issues clearly

Willingness to learn/develop

Desirable:

Familiarity with international tax issues and tax treaties

Familiarity with capital market tax processes: handling custodians etc

Familiarity with industry standard documentation

Experience of US withholding regimes

Practical experience of UK VAT & partial exemption methods

Bank levy experience

Experience of tax process automation

Personal requirements:

Excellent oral and written communication skills

A pro-active and motivated approach

The ability to operate with urgency and prioritise work accordingly

A structured and logical approach to work

A creative and innovative approach to work

Excellent attention to detail and accuracy

Strong numerical skills

Excellent Microsoft Office skills (Excel)