May 10th, 2023 at 09:45 am
Mgr, Tax at Standard Chartered Bank
Roles and Responsibility
To help the Regional Tax Manager for West Africa handle taxes above and below the line so that the Group can make more money.
Tax planning strategy
- Together with the Regional Tax Manager (RTM) for West Africa, update and put into place tax plans that will help lower effective tax rates.
- Work with RTM, WA to find ideas and chances, and share high-value ideas with the right people so they can be put into action.
- Putting together or taking part in brainstorming meetings and using local advisors and other contacts (like local banks) to your advantage.
Business Reporting and planning for taxes
- For the financial pack, prepare the workings for the company tax reports of Standard Chartered Bank Ghana Limited.
- Make sure the tax packs have the right information.
- Help prepare forecasts of the Standard Chartered Bank Ghana Limited’s tax liabilities based on the ETR management program, and keep track of the bank’s progress toward the expected ETR.
- Prepare on-time reports about the different tax provisions and tax charges for the Financial Controller and the Regional Tax Manager for West Africa.
- Help with putting together the UK Controlled Foreign Company law.
- Processes (Processes for which the job is responsible under the Operational Risk Framework as 1st and 2nd line, for executing/completing, and for supervising) Tax Internal Controls
- Review all business tax forms before sending them in.
- Help keep track of a rolling program of Health Check audits and reviews across the region and put the suggestions that come out of them into action.
Transfer Pricing Risk Management
- Work with other Group Tax members to reduce transfer pricing risks as much as possible.
- Work with the RTM, WA to make sure that deals between Group companies are fair and supported by consistent paperwork.
- Help make sure a good country cost booking policy is in place that meets both local and Group needs. Also, look for ways to use transfer pricing planning to book costs and revenues in a way that is tax-efficient.
- Work with RTM, Group Tax, and Business Managers to make sure you have a good understanding of business and accounting problems and can help make the most of TP planning opportunities.
- Risk management (action and oversight responsibilities under the risk management framework)
Tax Risk Management
- Help handle the country’s tax risk effectively by doing things like:
- Adherence to global tax policies and procedures throughout the country, as well as the upkeep of country policy addenda as needed.
- The Tax Function is in charge of keeping, communicating, and putting in place a good set of Departmental Operating Procedures Tax Procedures, and Practice Manual.
- The maintenance, communication, and implementation of a proper set of operating procedures for tax risk management to all important departments in the country outside of the Tax Function.
- To follow the Tax KCSA/CST plans and methods to operational risk management and reporting that have been agreed upon.
- To follow the Financial Control Policy (FCP) when it comes to paying taxes.
Governance
- Make sure all Tax Processes, Policies, and Procedures are followed.
- Giving tax help to SCB businesses in West Africa
- Help keep the amount of VAT, WHT, PAYE, and other job taxes as low as possible.
- Responding to ad-hoc questions
- Regulations and business behavior (This is required standard language, do not take it out)
- Follow the Group’s Values and Code of Conduct and act in a good way.
- Take personal responsibility for making sure that everyone at Standard Chartered Bank follows the highest standards of ethics, both in terms of regulations and business behavior. This includes knowing and making sure that all laws, rules, guidelines, and the Group Code of Conduct are followed, both in word and in spirit.
- Lead the team to reach the goals set out in the Bank’s Conduct Principles: Fair results for customers; well-functioning financial markets; preventing financial crime; the right environment.
- Effectively and together find, escalate, reduce, and solve issues related to risk, behavior, and compliance.
Key Stakeholders
- External auditors for the Ghana Revenue Authority are our ideal candidate.
- Accountant with a license (CA, ACCA, CPA, CITG, or something similar)
- At least 7 years of experience after becoming a chartered accountant, ideally in the banking or financial sector, at a large firm of chartered accountants or an international group.
- Know how and what the tax rules are in Ghana. It would be helpful to know about West African countries and/or UK tax rules.
- Good skills in study and analysis
- Strong people skills and communication skills, as well as an understanding of business problems.
- Being able to make and keep good working relationships
- Enthusiastic and self-motivated, and able to work without being closely watched.
- Word, Excel, and Outlook, which are simple computer programs, must be used well.
Role-Specific Technical Competencies
- Spot Opportunities
- Solve Problems
- Take the lead and make yourself strong
- Collaborate, communicate, deliver, and get results in a sustainable way.
- Policies and standards for compliance
- Advisory on Compliance
- Review of compliance and assurance from the FCC
- Surveillance (which includes screening and keeping an eye on)
- Investigations
- Assessment of Compliance Risk
- Requirements Liaison
- Manage Change
- Manage Projects
How to Apply for Mgr, Tax at Standard Chartered Bank
Closing Date: 16th May 2023
Also, For more Job Opportunities CLICK HERE
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