Manager, Indirect Tax

Job description / Role

Department: Finance
Grade: 5
Reports To: Regional Head, Tax

Job Description

MANAGER, INDIRECT TAX, MENAP - BASED IN DUBAI

Job Description
To manage the indirect tax affairs of the Bank and Group subsidiaries located in the GCC Region. The role covers the GCC geographic area, encompassing our operations in UAE, Bahrain, Qatar, KSA and Oman and will also include other countries within the wider Middle East. Travel to Countries within the Region will be necessary to fulfil the responsibilities of the role.

Key Roles & Responsibilities

Compliance
- Manage the Indirect Tax Compliance for all Countries within the region. The returns will be completed in our Centre of Excellence in Chennai, and the post holder will be responsible for reviewing the returns to ensure they are accurate and complete.
- File returns as necessary and arrange for the payment of any VAT liabilities to the local Tax Authorities, or request any refunds when due.
- Ensuring countries comply with group accounting principles for indirect taxes.

Management and team building
- Manage the relationship with Finance staff in the local jurisdictions within the region.
- Ensure regular contact is maintained with key business and function heads in the region.
- Utilise, develop and implement systems and processes to capture, manage and distribute up-to-date indirect tax knowledge and information.

Business support:
- Provide indirect tax advice to the front office and support functions in all Countries within the region.
- Liaise with external advisors, review and challenge the advice given.
- Review and sign-off new Projects, Products, and Structured Transactions relating to all Countries within the region

Tax planning:
- Advise on and devise indirect tax mitigation strategies.
- Review and advise on the indirect tax aspects of corporate transactions.
- Advising on the indirect tax aspects of transfer pricing arrangements.

Risk Management
- Develop and implement effective indirect tax risk management controls in line with Tax risk policies
- Carry out compliance visits to Countries within the region on a regular basis.
- Ensure changes required as a result of new regulations are implemented throughout the region

Ad-hoc
- Represent the Bank on local industry groups
- Assist with special projects as required, in particular, the VAT implementation in the GCC.

Requirements

The candidate should have a financial services indirect tax background and should be qualified ATII, CTA or equivalent, with relevant post qualification indirect tax experience.

In view of the need to interact with different areas of the bank, the candidate should possess excellent interpersonal and communication skills and be able to develop and maintain effective working relationships.

Required Competencies
- Deliver Results - Effectively manage your time and resources to ensure that objectives are achieved and projects are delivered on time.
- Business Knowledge - Understand the Banks business and the environment in which it operates.
- Indirect Tax Knowledge - A strong tax technical background is required with exposure to Indirect Taxes in a number of jurisdictions.
- Risk Management - Be able to identify and manage indirect tax risk. Develop and implement risk measurement systems, processes and policies.
- Building Relationships - Develop and maintain effective working relationships, networks and partnerships with stakeholders and team members.
- People Management - Develop the team and encourage them to seek innovative approaches to problems and opportunities. Enable change and contribute to the effective functioning of the virtual team

About the Company

Standard Chartered Bank started in 1958 in UAE with its first branch in Sharjah. The Group’s business gradually increased in Dubai with the opening of several branches and today, Dubai is the administrative hub of the Middle East and South Asia Region. In its 43rd year, the Bank enjoys the position of having the most extensive branch network among foreign international banks in UAE with 10 branches emirate-wide.

Standard Chartered is an international bank, focused on the established and emerging markets of Asia, Africa, the Middle East and Latin America with an extensive global network of more than 600 offices in over 50 countries. The three principal business groups are Global Markets, Personal Banking and Corporate and Institutional Banking.

In UAE, we are one of the leading banks, offering an extensive range of products and services for personal customers, local companies, multinational corporate and financial institutions.