Senior Manager - Direct Tax

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Senior Manager - Direct Tax

senior · Corporate Finance

Job Summary

Seeking a highly skilled and experienced Senior Manager to lead our Corporate Tax function in Tax CoE. The successful candidate will be responsible for driving change initiatives, ensuring quality and timely compliance & reporting requirements, and managing a team of 5 to 6 tax professionals. This role requires a strategic thinker with excellent leadership abilities, managing risk, and leveraging automation to enhance efficiency and a deep understanding of corporate tax regulations and practices for multiple tax jurisdictions:
Leadership and Team Management:
• Lead, mentor, and develop a team of 5 to 6 tax professionals.
• Foster a collaborative and high-performance work environment.
• Conduct regular performance reviews and provide continuous feedback and development opportunities.
Change Initiatives:
• Identify and drive change initiatives within the Corporate Tax function to improve efficiency, accuracy, and compliance.
• Develop and implement tax strategies that align with the company's overall business objectives.
• Stay updated with changes in tax legislation and ensure the team is informed and prepared to adapt.
Tax Reporting and Compliance:
• Oversee the preparation and submission of all corporate tax returns and related filings.
• Ensure compliance with all local, state, federal, and international tax laws and regulations.
• Manage tax audits and inquiries from tax authorities.
• Develop and maintain robust tax reporting processes and controls.
Risk Management:
• Identify and assess tax-related risks and develop strategies to mitigate them.
• Ensure that all tax practices adhere to the company's risk management policies and regulatory requirements.
• Monitor and report on tax risk exposures and implement corrective actions as needed.

Automation and Technology:
• Leverage technology and automation to enhance the efficiency and accuracy of tax processes.
• Identify opportunities for process improvements through the use of advanced tax software and tools.
• Implement and manage automated solutions for tax compliance and reporting.
Strategic Planning and Advisory:
• Provide strategic tax planning advice to senior management.
• Collaborate with cross-functional teams to support business initiatives and transactions from a tax perspective.
• Evaluate the tax implications of potential business decisions and transactions.
Stakeholder Management:
• Build and maintain strong relationships with internal and external stakeholders, including auditors, tax authorities, and other regulatory bodies.
• Communicate complex tax concepts and requirements to non-tax professionals in a clear and concise manner.
Continuous Improvement:
• Identify opportunities for process improvements and implement best practices in tax compliance and reporting.
• Utilize technology and automation to enhance the efficiency and accuracy of tax processes.

Key Responsibilities

Strategy
• Work towards achieving the GCFO’s renewed TOM with long- and short-term goals. Be brave to challenge the status quo and bring in Change for Good with a clear view on the Strategic targets

Business
• Understand the business model and specific tax requirements of the countries/entities under control and help provide solutions to bring in efficiencies and partner with the country tax to meet all reporting and compliance requirements

Processes
• Meet the SLA timelines and quality at all times and manage/address the challenges faced in the process. Challenge the Status quo and drive automations across the processes with a view to streamline and standardise the cross-country processes.

People & Talent
• Lead through example and build the appropriate culture and values. Set appropriate tone and expectations from their team and work in collaboration with risk and control partners.
• Ensure the provision of ongoing training and development of people and ensure that holders of all critical functions are suitably skilled and qualified for their roles ensuring that they have effective supervision in place to mitigate any risks.
• Employ, engage and retain high quality people, with succession planning for critical roles.
• Responsibility to review team structure/capacity plans.
• Set and monitor job descriptions and objectives for direct reports and provide feedback and rewards in line with their performance against those responsibilities and objectives.

Risk Management
• The ability to interpret the Group’s financial information, identify key issues based on this information and put in place appropriate controls and measures

Governance
• Responsible for assessing the effectiveness of the Group’s arrangements to deliver effective governance, oversight and controls in the business and, if necessary, oversee changes in these areas; Awareness and understanding of the regulatory framework, in which the Group operates, and the regulatory requirements and expectations relevant to the role

Regulatory & Business Conduct
• Display exemplary conduct and live by the Group’s Values and Code of Conduct.
• Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
• Lead the Tax CoE to achieve the outcomes set out in the Bank’s Conduct Principles: [Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.]
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Key stakeholders
• Country Tax, Group Tax, Tax CoE, R2R and other relevant stakeholders

Skills and Experience

• Excel

Qualifications

• Bachelor's degree in Accounting, Finance, or a related field. A Master's degree or professional certification (e.g., CA, CPA, CTA) is preferred.
• Minimum of 8-10 years of experience in corporate tax, with at least 3 years in a managerial role.
• In-depth knowledge of corporate tax laws and regulations for multiple jurisdictions.
• Proven experience in managing tax compliance and reporting functions.
• Strong leadership and team management skills.
• Excellent analytical, problem-solving, and decision-making abilities.
• Effective communication and interpersonal skills.
• Ability to work in a fast-paced and dynamic environment.

About Standard Chartered

We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can't wait to see the talents you can bring us.

Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion.

Together we:

• Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
• Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
• Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term

What we offer

In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.

• Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
• Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
• Flexible working options based around home and office locations, with flexible working patterns.
• Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
• A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
• Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.

Skills Matching