Finance Transfer Pricing
The role will see you form part of a small team responsible for supporting the Corporate Banking and Securities (CBS) Directors on all their transfer pricing responsibilities, ensuring full compliance with the Banks policies on transfer pricing and driving process improvement
The Finance Transfer Pricing business support team liaises with the offshore production team in Manila PSC, GBS, Business Management, Group Tax and the FD community to ensure that all transfer pricing issues are escalated and resolved, methodologies are accurately executed and business, structural, or regulatory changes are considered and reflected where appropriate.
Key Responsibilities
Assist the Business FD in relation to all Transfer Pricing matters, including the following:
- Global coordination of the production and approval of the transfer pricing adjusted financial reports (eg APA, Profitability report, Bank levy)
- FD support in methodology documentation and technical analysis
- Be the conduit and subject matter expert for FDs on all aspects of the TP programme in relation to the business they are engaged (Rates)
- Preparation and update of Transfer Pricing Documentation (Methodology Implementation Documents (MIDs) and Legal Schedules)
- Validation and Control of reports generated by the offshore production utility in Manila and manage the approval and integrity of the following TP processes and reports:
- TP Calculation payment approval
- Profitability reviews
- Trigger events
- TP bookings
- Service Level Agreements (SLAs)
- Advanced Pricing Agreements (APAs)
Engage with the TP change programme to manage the remediation and the offshore migration of TP production processes and provide input into the strategic Transfer Pricing Target Operating Model
- Manage the remediation and migration of the transfer pricing production processes currently performed on onshore to Manila PSC
- Identify opportunities to simplify the existing TP calculation process
- Specify strategic tools through to the change programme on behalf of FDs (eg VC reports) and optimise methodologies with group tax and the business
Skills / Knowledge
Essentials:
- Excellent analytic problem solving skills
- Strong stakeholder relationship skills and ability to communicate effectively both in writing verbally
- Excellent team player
Desirable:
- Knowledge of Investment banking businesses
- Knowledge of Transfer Pricing
- Good understanding of accounting standards
- Strong relationship skills and ability to communicate effectively both in writing verbally
Qualifications
- Degree standard education
- ACA, ACCA, CIMA or equivalent
Experience / Background
- Prior experience of working in an Investment Banking
- Financial Control or Product Control background
- Experience or appreciation of financial processes and reporting
- Proven success through involvement with change initiatives within an infrastructural function
- Large amount of personal drive
- Attention to detail
You will be:
- Excellent analytical and problem solving skills
- Excellent team player
- Flexible and proactive work style
- Good communicator
Desirable:
- Knowledge of investment banking businesses
- Knowldge of Transfer Pricing
- Good understanding of accounting standards
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