Tax Operations Reporting Specialist

Department Overview:

ING UK businesses are subject to numerous operational tax regimes including US Withholding & Reporting, FATCA, CRS, BBSI and the FTTs in certain markets where they have transactional activity (i.e. UK, Ireland, France, Italy & Spain). These are diverse businesses and compliance with these regimes requires a robust governance framework supported by fully documented processes and procedures. Key controls must be embedded and adherence to the key controls is achieved by the Head of Tax Operations providing daily oversight across the function to maintain a robust control framework.

The role holder will primarily support the Head of Tax Operations in meeting the regulatory reporting obligations through January to July. In Q3 and Q4 this dynamic department will be reviewing policies, processes, and procedures, conducting the annual key - control testing and managing internal audits and the QI Periodic Review. The department works in close liaison with Client Tax Services (CTS) in the Netherlands and other key stakeholders to build relationships and improve synergies and efficiencies on an ongoing basis.  

Main Duties and Responsibilities of Role:

Initially, the role holder will be responsible for the preparation of the FATCA/CRS and BBSI regulatory reporting and in conjunction with the Head of Tax Operations for the oversight of the US Withholding & Reporting return submissions. The role holder will also assist the Head of Tax Operations in the oversight and governance of the operational taxes applicable to the various support functions within CSD. The main responsibilities will be:

• Working with CTS to validate data in the reporting tool (FiTAX) and preparation of the FATCA/CRS returns for submission to HMRC in advance of the 31 May deadline.
• Preparation of the BBSI returns for submission to HMRC in advance of the 30 June deadline.
• Supporting the CSD teams in liaising with CTS to prepare the local USW reporting tool (FiTAX).
• Managing the resolution of any arising post reporting actions.
• Providing evidence for the annual key control testing of FATCA/CRS and USW.
• Review and ongoing maintenance/ updating of current processes and procedures.

• Taking on some tasks towards project deliverables as required.
• Maintaining and managing backlogs (task lists).
• Other such ad-hoc tasks as required within CSD.
• Building relationships with the CTS team in the Netherlands

Career Potential

This role provides an excellent opportunity to work within the Tax Operations function of ING Bank N.V., London Branch and will provide exposure to core areas of the London Business such as FM Operations, Lending Services and Payments Cash Management. The business is evolving as we move towards greater digitalisation and standardisation of processes and procedures and gives an opportunity to work collaboratively with colleagues in other locations. Support and training will be provided as required.

Candidate Profile

Qualification/Education

Essential:           

• Qualified Tax professional – preferably CTA or other similar qualification with a knowledge of operational taxes. Qualification by experience will be considered.

Desirable:          

• Evidence of tax qualifications/qualification by experience.         

Experience/Knowledge

Essential:           

• Good knowledge and experience of FATCA/CRS/USW and BBSI
• Great attention to detail
• Excel spreadsheet skills
• Good knowledge/grasp of IT systems.
• Excellent data management skills
• Good timekeeper and well organised

Desirable:          

• Financial services experience
• A working knowledge of the FiTAX reporting tool would be ideal
• Ambition and drive to take on additional responsibilities and to grow professionally.

Personal Competencies

Essential:           

• Strong oral and written communications skills
• Adaptive to new challenges and willingness to learn
• Ability to work to firm deadlines
• Team player

Applications will be reviewed mid August with 1st Interviews arranged end towards end of Aug/ beginning of September

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