Tax Specialist at Standard Chartered Bank

Job ID: 2100018334
Location: Africa & Middle East-Nigeria - Lagos
Employee Status: Permanent
Job: Finance

The Role Responsibilities
Responsible to support the Regional tax Manager, West Africa in managing above and below the line taxes so as to increase the Group earnings

Tax Reporting and Forecasting:

• Preparation of workings for Nigeria’s corporation tax reports for the purposes of the financial pack
• Ensure correct reporting in the tax packs
• Provide assistance in preparation of forecasts of the various entities tax liabilities in line with the ETR management programme, and monitor progress towards achieving the forecast ETR.
• Prepare reports to the Regional Tax Manager, West Africa on a timely basis on the various tax provision and tax charge
• Assistance in preparation of UK Controlled Foreign Company legislation.

Tax Internal Controls:

• Review of all corporate tax returns prior to submission
• Support in the monitoring of rolling programme of Health Check Audits and reviews across the region, and implementation of resulting recommendations

Transfer Pricing Risk Management:

• Work with other members of Group Tax to minimise transfer pricing exposures
• Work with the RTM, WA to ensure transactions between Group companies are on an arms length basis and evidenced by consistent documentation.
• Assist in ensuring an efficient country cost booking policy that meets both local and Group requirements and identify transfer pricing planning opportunities for tax efficient cost and revenue booking is in place.
• Help maximise TP planning opportunities by working alongside RTM, Group Tax and Business Managers to ensure good working knowledge of business and accounting issues

Provision of tax advice to West African SCB Businesses:

• Assist with minimisation of VAT, WHT, PAYE and other employment taxes
• Responding to ad-hoc queries

Tax Planning:

• In conjunction with the Regional Tax Manager, West Africa, update and implement tax strategies to facilitate lowering of effective tax rates
• Work RTM, WA to identify ideas and opportunities (and communicate high value ideas to relevant parties for implementation)
• Organising / participation in brainstorming sessions and leveraging off local advisors and other contacts (e.g. networking with local banks)

Tax Risk Management:
Provide effective support in the management of country Tax Risk, including:

• Adherence to Global Tax Policies and Procedures across the Country and, as appropriate, the maintenance of Country Policy Addenda
• The maintenance, communication and implementation of an appropriate set of Departmental Operating Procedures and Tax Procedures and Practice Manual within the Tax Function
• The maintenance, communication and implementation of an appropriate set of tax risk management-related operating procedures to all relevant departments within the countries outside the Tax Function
• To adhere to the agreed Tax KCSA/CST plans and approach to Operational Risk Management and reporting
• To adhere to the Financial Control Policy (FCP) as pertains taxation.

Others:

• To assist the Regional Tax Manager, West Africa in special projects and other task as may be assigned

Risk Management:

• Provide effective support in the management of country Tax Risk, including:
• Adherence to Global Tax Policies and Procedures across the Country and, as appropriate, the maintenance of Country Policy Addenda
• The maintenance, communication and implementation of an appropriate set of Departmental Operating Procedures and Tax Procedures and Practice Manual within the Tax Function and many more

Governance:

• Responsibilities to support the Regional tax Manager, West Africa in managing above and below the line taxes so as to increase the Group earnings

Key Stakeholders
Internal:

• Cluster Finance
• Property and SCM teams
• AME and Group Tax teams
• HR, Legal, Operations and other Departments

External:

• Cluster Tax Authorities
• Colleagues in Tax departments of other institutions
• Professional Advisers

Qualifications

• Qualified accountant (ACA, ACCA, CPA or equivalent)
• Minimum 4 years post-qualification experience at a major firm of chartered accountants and/ or an international group, preferably with a banking or financial sector bias
• Knowledge of Nigerian tax law and practice. Knowledge of West African countries and/or UK tax law would be an advantage
• Good research and analytical skills
• Strong interpersonal and communication skills with a ready appreciation of business issues
• Ability to build and maintain good working relationships
• Enthusiastic and self-motivated, capable of working without close supervision
• Proficiency in basic computer applications (Word, Excel, Outlook)
• Training on Microsoft Excel, Power Point presentation, ATML Training.