Assistant Vice President - Tax
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HSBC is one of the largest banking and financial services organisations in the world, with operations in 64 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.
We are currently seeking an experienced professional to join our team in the role of Assistant Vice President-Tax
Purpose of this role:
- The candidate will be part of the wider regional Tax team and support both Corporate and Institutional Banking (and Commercial Banking in Hong Kong) and International Wealth and Premier Banking across the Asia-Pacific and MENAT regions.
- The primary responsibilities of this role will be to support the Tax team with a focus on governance and assurance relating to Client Tax Reporting (CTR) and requires knowledge of laws such as CRS, FATCA and QI. The role will requires working with various stakeholders (including first line business teams) in different locations to provide the due tax risk management and governance required as a second line function.
- The role will be based in India and assist the regional CTR risk stewards based in Hong Kong and UAE covering Asia Pacific and MENAT regions.
In this role, you will:
- Support the regional team in performing risk-based Group assurance reviews relating to CTR strategy covering CRS, FATCA, QI in a timely manner for a given location in accordance with the annual plan agreed with Business. This is an important second line of defense role and such reviews are expected to be performed remotely with the use of technology (eg., share point, zoom, etc) requiring extensive engagement with first line business teams.
- Support the regional CTR risk stewards in interpreting legislative and regulatory requirements to enable practical and pragmatic applications within diverse and complex business environments in Asia Pacific [and MENAT] and exercising governance and assurance over the changes implemented by the first line businesses.
- Support the regional CTR risk stewards to develop, implement, and enhance policies and procedures according to applicable rules, while working with regional and local businesses and functions. To be an effective conduit between the tax rules and stakeholder considerations, such as the nature of business, operations, and customer experience.
- Support internal and external assurance and audit programs including reviewing communication/reply to tax authority enquiries prepared by business and operations team as required (eg CRS audits, QI audits)
- Support the regional CTR risk stewards in providing CTR advice relating to new and emerging projects as required.
- Collaborate with the various tax teams as required.
- Protect the reputation of HSBC organisation and businesses in the jurisdictions in which it operates.
To be successful you will:
- Relevant diverse industry experience is desirable in banking, financial services, and insurance sectors.
- Qualified professional with knowledge of tax laws and experience in AEOI, CRS, FATCA and/or QI, ideally gained from top tier advisory or large financial institutions. Experience in the development of policies, processes and controls, etc. to align with risk appetite and tax law obligations would be an advantage.
- Candidate background may include business, tax, governance, risk and compliance roles within consulting or industry.
- Candidate should be familiar with banking operating models i.e. aspects of processes, controls, governance and risks for corporate and institutional banking, commercial banking, retail banking, wealth management, private banking, asset management, and insurance.
- Experience with conducting assurance reviews and working with internal and external auditors would be desirable. Experience as an auditor as regards processes and controls reviews would also be positive.
- Working knowledge of or experience with policy and governance processes connected anti-money laundering, financial crime or operational risk management, like tax evasion, will also be an advantage.
- Technology literate and capable of project management with effective communication and presentation skills.
- Ability to work under pressure to demanding deadlines.
You’ll achieve more at HSBC
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HSBC is an equal opportunity employer committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and, opportunities to grow within an inclusive and diverse environment. We encourage applications from all suitably qualified persons irrespective of, but not limited to, their gender or genetic information, sexual orientation, ethnicity, religion, social status, medical care leave requirements, political affiliation, people with disabilities, color, national origin, veteran status, etc., We consider all applications based on merit and suitability to the role.”
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