Senior Tax Consultant recruitment
As a key member of the International Tax Group, the Senior Tax Consultant is at the hub of the business, responsible for the gathering, analysing, and assembling tax information concerning custody based and related clients and products whilst supporting other teams within the Northern Trust tax department and the bank in general. The role will include participating in special projects and responding to internal and external inquiries. The candidate will also need excellent networking skills, involving participation in industry groups, discussions with fiscal authorities and high touch support of key clients
The particular areas of involvement will include tax / market procedures for ADR’s, GDR’s and potentially ETF’s ensuring the bank is compliant with regards to relevant regulatory requirements (Irish / US QI, Japan QFI, EUSD etc).x
Key Functions and Responsibilities
Reporting to the Head of International Tax Group, this position will draw on global team of tax specialists, responsible for translating market and regulatory changes of taxation in over 90 markets, into operational processes and monitoring the performance of the Operations group in Bangalore.
The Senior Tax Consultant will ensure that the distribution of tax intelligence meets both internal and external client requirements and that the electronic distribution of tax policy is both timely and accurate.
Key areas of responsibility are:
• Sourcing and analysis of tax statute changes in over 90 markets
• Internal and External distribution of tax policy and intelligence, work with local fiscal agencies and Northern Trust bodies to provide timely intelligence to our targeted clients.
• Oversight, tracking and general management of all client queries, handled by London, Chicago and Bangalore
• Oversight of all technical queries and ensures that Relationship Management team have timely and complete information
• Validation of client tax status eligibility, including partnerships and tax transparent vehicles
• Evaluate, monitor and ultimately ensure delivery of tax computations to achieve tax relief / reclaim, involving both CGT and Withholding taxes.
• Ensure the client on-boarding process effectively produces the correct tax profile of new clients in respect of their investment in existing and planned markets. Carry out periodic testing of the validity of client profiles.
• Actively work with clients to optimize their recovery of tax or achieve relief at source where available. Be able to understand complex fund structures and guide clients through market requirements and regulation.
• Take an active participation in the design and implementation of new products, to ensure the operational response meets requirements and can be adequately controlled.
• Manage the operational risk within the entire process, through the identification of risk points, adherence to procedures and that adequate skilled resources are maintained. Ensure that no claims reach “out of Statute” status, thereby limiting our risk of financial loss and reputational damage with clients.
Non technical Skills
- A strong educational background, including industry related qualifications.
- Bright, articulate and entrepreneurial with a demonstrated ability to navigate through obstacles, work under pressure and successfully deliver to tight deadlines in a fast moving business Environment.
- Strong analytical and problem solving skills
- Strong presentation skills, ability to get concepts over effectively.
- Good writing skills, an ability to form cohesive and persuasive documents is a must.
- Excellent interpersonal and communication skills, the ability to get the best out of people is a core competence.
Qualifications/Experience
It is expected with limited supervision the candidate will be able to deliver each of the key objectives of the role identified above. It is therefore expected that he or she will have:
a.Business degree or A levels (or equivalent)
b.Fundamental technical knowledge of Tax Operations, gained through significant exposure to business disciplines, operating at a senior level.