Business Development Tax Analyst recruitment
BNP Paribas Securities Services, a wholly-owned subsidiary of the BNP Paribas Group, is a leading global custodian and securities services provider backed by a strong universal bank (rated AA- by Standard and Poor's). It provides integrated solutions to all participants in the investment cycle including the buy-side, sell-side, corporates and issuers.
The bank has a local presence in 32 countries across five continents, effecting global coverage of more than 100 markets. It partners with clients to help overcome complexity, while offering a one-stop shop for all asset classes, both onshore and offshore, around the world.
We are currently recruiting for a Business Development Tax Analyst to join Market and Finance Services (MFS) in London. The MFS Business Development department is an integral business area responsible for providing and maintaining client business in all MFS products. This is an exciting opportunity to join a high profile department and you will be responsible for providing securities lending trade structuring, from the perspective of the underlying fund domicile, to support the business. You will be responsible for market tax research analysis; in-depth analysis of fund status/domicile and tax matrices; working globally with the tax and legal departments. You must be able to demonstrate the ability to work on your own initiative whilst being responsible for ensuring that data is accurate and correct at all times. In addition, you must have confident communication skills as you will be required to liaise with Senior Management, Tax specialists, Heads of Trading and Legal. Key Responsibilities include:
- To identify additional profitable trading opportunities
- To identify arbitrage opportunities between the withholding rates between countries on various classes of securities
- To act the advisor to the stock lending traders
- Have a detailed knowledge of the double taxation agreements around the world and their terms and anomalies
- The ability to use market contacts to gain market intelligence on the trades that being under taken on the market and the trading opportunities.
- To identify the risk of challenge to any withholding tax trade of challenge by the relevant countries
- Reading, analysing and summarising market research
- Validating withholding tax rates for stock lending transaction.
- Researching rates to ensure that they are completely valid, both in the UK to investee countries and from investee countries
- Trouble-shooting with issues around tax in systems
- Confirming tax status/matrix for funds for revenue estimate analysis
Applications are welcomed from candidates with relevant experience working within a Tax department within financial services or an accounting firm. A degree in Maths, Economics or Business would be beneficial; CFA qualifications would be desirable. If you appreciate core values such as innovation, integrity and team spirit and are seeking a new challenge then we would like to hear from you.