Group Head, Internal Control / Tax and Compliance at HR-EX Consulting

Overview of the Job Role

• The Group Head Internal Control/Tax and Compliance is a senior-level position responsible for overseeing and managing the internal control, tax, and compliance functions within a group of companies or an organization.
• This role entails providing strategic direction, ensuring adherence to laws and regulations, and mitigating risks related to internal control, tax, and compliance.
• Here are the typical roles and responsibilities associated with this position:

Key Responsibilities
Develop and Implement Internal Control Policies:

• Establish and implement internal control policies and procedures across the group of companies.
• Design and maintain an effective internal control framework to mitigate risks and ensure compliance with laws, regulations, and company policies.
• Monitor the implementation of internal control measures and assess their effectiveness.
• Conduct periodic reviews and audits to identify control gaps and recommend improvements.

Tax Planning and Compliance Management:

• Develop and oversee tax planning strategies to optimize tax efficiency and minimize risk for the group.
• Ensure compliance with tax laws and regulations at local, regional, and national levels.
• Review and approve tax returns, ensuring accuracy and timeliness of submissions.
• Stay updated with changes in tax laws and regulations and provide guidance to the organization on their impact.
• Coordinate with external tax advisors and tax authorities during tax audits and inquiries.

Compliance Monitoring and Reporting:

• Monitor and ensure compliance with relevant laws, regulations, and industry standards across the group.
• Conduct regular compliance audits and risk assessments to identify potential violations and areas for improvement.
• Prepare compliance reports for senior management and regulatory authorities.
• Monitor and report on compliance-related activities, investigations, and remediation actions.
• Implement compliance training programs to educate employees on regulatory requirements and ethical standards.

Risk Management:

• Identify and assess risks associated with internal control, tax, and compliance functions.
• Develop risk management strategies and controls to mitigate identified risks.
• Monitor and report on risk-related activities and incidents to senior management and relevant stakeholders.
• Provide guidance and support to business units on risk management processes.

Stakeholder Collaboration and Communication:

• Collaborate with internal stakeholders such as finance, legal, and human resources to ensure a coordinated approach to internal control, tax, and compliance.
• Act as a key point of contact for external stakeholders, including auditors, tax authorities, and regulatory bodies.
• Communicate effectively with senior management, board of directors, and other stakeholders on internal control, tax, and compliance matters.

Policy Development and Implementation:

• Develop and implement comprehensive internal control, tax, and compliance policies across the group.
• Ensure policies are aligned with relevant laws, regulations, and industry standards.
• Regularly review and update policies to reflect changes in the regulatory landscape and business requirements.

Team Management and Leadership:

• Build and lead a high-performing team responsible for internal control, tax, and compliance functions.
• Provide guidance, mentoring, and development opportunities to team members.
• Set departmental goals, establish performance metrics, and evaluate team performance.
• Foster a culture of compliance and ethics throughout the organization.

Continuous Improvement:

• Stay abreast of industry trends, best practices, and changes in laws and regulations related to internal control, tax, and compliance.
• Continuously evaluate and enhance internal control processes, tax strategies, and compliance programs.
• Implement automation and technology solutions to improve efficiency and effectiveness in internal control and compliance processes.

Qualifications Required

• Bachelor's Degree in Economics, Finance, or a related field
• 5+ years of experience working as a Tax Compliance Manager or in a similar position
• Knowledge of accounting principles, financial data, and analytics
• Strong grasp of risk mitigation practices and governance frameworks
• Completion of IRS training program
• Advanced analytical and problem-solving skills.