Risk & Control, Operational Tax Head (OPSAP21215) recruitment
About Us
RBS is a leading global investment bank with 6 global trading hubs - 4 of which are located in Asia Pacific (Tokyo, Hong Kong, Singapore and Sydney). Project Unicorn is a global programme which will enable the transfer of assets and liabilities from RBS NV to RBS plc. Unicorn is significantly complex in APAC with business spanning approximately 150 legal entities and 9 countries. APAC Unicorn Programme requires strong leadership to deliver the transfer of branch assets and subsidiaries in Indonesia and Thailand in 2012.
Description
Team Function and responsibilities:
APAC Tax Operations is a new team being formulated to support the increasing focus on the tax element of the Bank’s Investment Banking activity.
RBS is currently looking for an individual to manage that team on a daily basis as well as to provide the longer term strategic direction. It is anticipated that the team will initially consist of approximately 3 FTE.
The team will be an integral part of a global Tax Operations unit that in turn forms part of a central risk management and control function within Operations.
The team will be responsible for providing direction in respect to all of the tax elements applicable to the clearing and settlement of Investment Banking products together with any resulting periodic reporting and for ensuring the compliance with all of the applicable rules and regulations.
A key deliverable of the team will be to utilise prior industry experience to identify all applicable tax relevant processes before designing and implementing robust procedures for the ongoing execution of RBS’s responsibilities. The team will also be responsible directly for the processing of anything that requires a more detailed tax understanding.
In addition the team will be responsible for providing a tax perspective in regards to a number of industry initiatives such as the planned introduction of Foreign Account Tax Compliance Act (FATCA).
Essential Experience:
- The successful individual will have extensive experience across the range of tax related responsibilities that impact the investment banking business and be aware of the current rules and regulations that apply to such activities.
- The individual must also have demonstrable experience in understanding and reengineering processes and have a sound appreciation of operational risk and the appropriate controls required to manage those risks.
- Alongside the technical experience the individual will have had experience in the management of a team and have proven skills in the organization, motivation and development of individuals.
- The individual will be required to engage people throughout all levels of the organization so will have both the formal and informal skills required to effectively communicate, with a delivery style that is adaptable to meet the requirements of differing audiences.
- The team will be required to work effectively and seamlessly with the global Tax Operations teams in London , ensuring global consistency where appropriate, as well as with Group Tax and other risk management and control functions.
- The individual will have proven networking skills and the ability to view issues from differing perspectives.
- Given the sheer volume of data and complexity resulting from typical Investment Banking activities the ability to effectively manage large quantities of data and to be able to clearly identify key issues and actions from often complex situations will be a distinct advantage.
- Experience on project management will be an added advantage
Personal Attributes:
- A clear logical mindset.
- The ability to identify solutions to issues.
- Concise communication skills.
- Risk aware and control focused.
- Professional but with the ability engage effectively with others at all levels of the organization.
We offer an excellent total compensation package, learning and development opportunities and a flexible benefit programme designed to help you manage and balance your own work-life priorities. Interested candidates please click on "Apply Online" to submit your application.