Senior International Tax Research Manager
Salary: £80000 to £110000
Call: 0117 321 0588
This organisation's Global Tax Group offers a complete range of U.S. and international custody and fund administration tax services, and the expertise necessary to partner with our clients to achieve optimal tax results.
The group covers tax in more than 95 markets, and issues easy to interpret tax bulletins on all relevant tax law changes or market events. As a U.S. withholding agent it works with its clients to ensure proper U.S. withholding and treaty access. The group also ensures that relief at source or tax reclaims are executed wherever possible. The team has expertise in a variety of areas of special focus such as Tax Research, Securities Lending, and European Tax Reporting. Finally, the Global Tax Group also has a robust Investment Tax function that provides comprehensive U.S. tax compliance services for mutual funds and partnerships.
The full suite of capabilities enables us to provide quality, timely information, products and solutions to meet your complex global tax needs.
The Tax Research and Advisory group within the Global Tax Group provides technical analysis of all changes to U.S. and international tax law. The group partners with extensive network of global sub custodians, regulatory agencies, tax advisors, legal counsel and accounting firms to bring clients the latest legislative updates and impacts in a clear, user-friendly format distributed in a timely manner, and to drive the activities necessary to adapt to changes in tax globally. The result of the work is a “product” that is both technical, and practical.
The Global Tax Group has primary responsibility for communication, education, coordination and resolution of tax-related matters for Investor Services and the clients, while also managing firm risk.
Maintain an in-depth understanding of local market tax laws and tax procedures as they relate to taxes applicable to investment income flows, capital gains, and financial transaction taxes. Proactively seek and review inflows of tax information required to maintain an exceptionally high level of current knowledge regarding changes in tax law and tax treaties globally. Utilize information to communicate impacts to clients, as well as advise internal business areas of the impacts of changes in taxation globally. Provide clients and internal business areas with both in depth as well as practical verbal and written summaries.
Proactively monitor and summarize international tax withholding and reporting regulatory changes, communicate and drive the coordination and implementation of systems, business, and process adjustments necessary to effect changes.
Conduct extensive research of tax regulations to support and advise business areas. Publish news and information pertinent to clients.
Work in a coordinated fashion with other of the firm’s tax professionals, as well as with external advisors as required to drive resolution of issues and/or the appropriate changes to business and other practices, as appropriate.
Raise, participate, and lead where necessary multi-disciplinary projects and initiatives related to assigned responsibilities.
Serve as a subject matter expert for the department and maintain an exceptionally high level of current knowledge regarding client structures, global tax law, and tax treaties.
Responsible for proactively driving the coordination and implementation of procedural, operational process, and systems adjustments necessary to effect changes.
Responsible for the coordination and support of service, risk, and compliance efforts as well as related initiatives for the department.
Responsible for active documentation and communication of issues via various media, including web, written memo, oral presentation, and in person support to internal and external clients.
Author internal and external articles and white papers on areas of interest.
Independently interact with clients on sensitive tax issues.
Identify new product development opportunities and liaise with management to support the documentation of technical requirements from a business and tax perspective.
Actively participate in industry groups as a representative of the firm. Lead initiatives in these areas as appropriate.
1. Tax Research
Research specific internal and external client inquiries and responding within the established timeframes.
Research and publish to internal tax groups risk items pertaining to specific treaty and/or legislation issues.
Research and maintain tax resources for internal and external clients, such as tax matrices and web page reference tools.
Research withholding and capital gains tax rates, as well as how these are applied in practice to support internal systems and business operations.
Work with clients and other firm business areas on business and tax related projects and initiatives.
2. Functional / Technical Tax Responsibilities
Act as technical resource for other Tax Analysts, the tax department, and business units.
Work with tax advisors including subcustodians on complex tax matters.
Review, summarize, and compose communications around tax regulatory changes and specify operational and system adjustments necessary to implement changes.
Participate in, recommend, and lead projects and continuous improvement initiatives.
Conduct and review research, and work closely with others to accomplish project objectives.
Conduct and review ad hoc analysis studies to support management decision making.
Review and support the provision to business units of timely corporate action guidance.
Recommend, develop, and modify policies and procedures in response to regulatory changes and to ensure adequate accounting and control for all types of corporate actions.
3. Client Servicing
Communicate withholding tax changes to internal and external clients via formal and informal documents, memos, and/or presentations.
Participate in internal and external client calls and meetings to discuss tax withholding issues in assigned markets on a regular basis.
Assist other staff and business areas in formulating communications and materials required to communicate with internal and external customers where necessary.
Participate in internal and external client tax presentations.
4. Control and Risk Management
Ensure that review and oversight of work performed by other analysts results in appropriate interpretations, as well as accurate, complete, and effective implementation.
Elevate changes and areas that represent risk or uncertainty, and drive work and communication necessary to mitigate risk or resolve issues.
Ensure that research results are not presented or utilized in a manner that would suggest the company is providing tax advice other than as necessary to support the needs of its internal business units.
Escalate, where necessary, any issues to appropriate department management.
Education level and/or relevant experience(s)
JD, MST, CPA, or MBA preferred
8-10 years related experience strongly preferred
Extensive technical and operational knowledge of tax regulations, market practices and nuances
International tax experience, preferably in the financial services industry.
Strong understanding of client and fund legal structures and securities instruments
Analytical, communication, attention to detail, and advanced PC skills
Knowledge and skills (general and technical)
Demonstrates skills in theories, practices and procedures dependent on tax treaties, domestic tax laws, and tax processes and procedures
Apply knowledge/ skill to own activities, and understand the impact to others to the extent that communication around those changes must support impacted groups
Able to consistently express opinions at all levels within the organization and external constituents.
Work collaboratively and communicate effectively across the firm.