Assistant Vice President - Tax

Purpose of the role

To provide both corporate and indirect advisory and compliance tax services to   business areas in a specific jurisdiction(s).  

Accountabilities

• Management of tax risks arising from the bank's business activities, investments, and financial transactions and development of tax risk management strategies to mitigate potential tax liabilities and protect the bank's financial interests and reputation.
• Analysis of complex tax issues to support tax planning strategies, compliance matters, and risk management initiatives.
• Liaising, with tax authorities and resolving legacy tax risks.
• Identification and assessment of potential tax risks associated with complex transactions (including potential mergers, acquisitions, and restructuring) and development and implementation of tax risk mitigation strategies to minimise the potential impact.
• Stakeholder management to ensure that tax requirements and the associated risks are understood and appropriately managed, including reputational risks with tax authorities and external stakeholders.
• Analysis of relevant developments in tax law to ensure the impact on Barclays is understood and appropriately managed.
• Preparation or review of relevant tax returns in accordance with applicable tax law and agreeing compliance positions with the tax authorities.
• Preparation or review of tax accounting calculations and disclosures in accordance with applicable accounting standards for group forecasting, reporting and stress testing.
• Design and operation of tax process controls to ensure tax risk is appropriately managed and tax treatments can be supported.

Assistant Vice President Expectations

• To advise and influence decision making, contribute to policy development and take responsibility for operational effectiveness. Collaborate closely with other functions/ business divisions.
• Lead a team performing complex tasks, using well developed professional knowledge and skills to deliver on work that impacts the whole business function. Set objectives and coach employees in pursuit of those objectives, appraisal of performance relative to objectives and determination of reward outcomes
• If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviours are: L – Listen and be authentic, E – Energise and inspire, A – Align across the enterprise, D – Develop others.
• OR for an individual contributor, they will lead collaborative assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will identify new directions for assignments and/ or projects, identifying a combination of cross functional methodologies or practices to meet required outcomes.
• Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues.
• Identify ways to mitigate risk and developing new policies/procedures in support of the control and governance agenda.
• Take ownership for managing risk and strengthening controls in relation to the work done.
• Perform work that is closely related to that of other areas, which requires understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
• Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategy.
• Engage in complex analysis of data from multiple sources of information, internal and external sources such as procedures and practises (in other areas, teams, companies, etc).to solve problems creatively and effectively.
• Communicate complex information. 'Complex' information could include sensitive information or information that is difficult to communicate because of its content or its audience.
• Influence or convince stakeholders to achieve outcomes.

All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship – our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset – to Empower, Challenge and Drive – the operating manual for how we behave.

Join us as a Assistant Vice President-Tax at Barclays, where you'll spearhead the evolution of our digital landscape, driving innovation and excellence. You'll harness cutting-edge technology to revolutionize our digital offerings, ensuring unapparelled customer experiences. To provide data-led expert oversight and check and challenge on business and compliance matters to evidence that the organization is operating in a compliance with Barclays legal, regulatory and ethical responsibilities. 

You may be assessed on the key critical skills relevant for success in role, such as ad-hoc tax advisory, tax reporting and tax compliance as well as job-specific skillsets.

Overall Purpose of Role

As part of the India Team, you will be providing ad-hoc tax advisory, tax reporting and tax compliance support to front offices/businesses across all business clusters and infrastructure functions in India. The scope of the tax coverage will include corporation tax, transfer pricing, withholding tax, indirect tax (e.g. service tax, GST) in India.

To be successful as an Assistant Vice President-Tax, you should have experience with:
             

Service Delivery

• Advising on direct tax law includes corporate tax, transfer pricing , Indirect tax covers Goods & Service Tax
• Tax risk management and documentation
• Managing tax related internal reporting
• Managing tax compliance in terms of review of various returns and tax position taken, responding to notices from tax authorities and maintaining requisite documentation
• Review of submission to filed before tax authorities for tax assessments / audits
• Co-ordinating with other team for tax compliance, information requirements relating to various tax audits and other queries raised by tax authorities from time to time on direct and indirect taxes as well as transfer pricing

Team Management

• Work with other members of India tax team as well as country tax head to ensure consistency in tax compliance as well as advisory positions

Relationship Management

• Be actively engaged along with Big 4 tax consultants to build and manage relationships with tax authorities – both direct and indirect tax, as well as, transfer pricing
• Liaise with global tax team in Asia Pacific region, UK, US to update them on the Indian tax scenario, and the future right shoring activities in India and engage in active knowledge sharing in respect of tax and transfer pricing

Controls and Compliance

• This role is expected to work closely with other functions like Finance, Ops, HR etc and hence it is require to have knowledge about operational taxes such WHT, GST etc
• have regular and continuous involvement in tax compliance to have a hands-on knowledge of tax compliance for operational level taxes such as withholding taxes, GST on goods and Service for the offshoring entities and regulatory filings to avail direct and indirect tax benefits at various locations

Stakeholder Management and Leadership

The key stakeholders are:

• Entity CFO and Financial Controllers
• Business Leads and COO
• Infrastructure Leads and COO
• Asia Pacific Tax team
• Tax functional teams and Group Tax in London

Risk and Control

All Barclays colleagues have to ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise-Wide Risk Management Framework and internal Barclays Policies and Policy Standards

To be successful as a Assistant Vice President-Tax, you should have experience with:

Basic/ Essential Qualifications:

• Qualified Chartered Accountant
• Approx 3-4 years of post-qualification experience in the field of taxation.
• Experience of working in MNC or Big 4 in the field of taxation advisory for more than 2 years
• In-depth knowledge of tax matters
• Good networking skills and people management skills
• Thorough understanding of facts and tax issues within offshoring Business

Desirable skillsets/ good to have:

• Good networking skills and people management skills
• Thorough understanding of facts and tax issues within offshoring Business

This role will be based out of Mumbai.