Job Summary
Have you got what it takes to succeed The following information should be read carefully by all candidates.
Standard Chartered UK i s on the lookout for a talented Director of Indirect Tax! This role involves leading the indirect tax efforts for both the UK and Europe, where you'll manage the indirect taxes for Standard Chartered Bank and its group. You'll have the chance to partner with the business, provide insightful advice, and play a key role in implementing exciting projects and tax initiatives. Ita great opportunity to make a real impact!
Key Responsibilities
Strategy
Implement key UK indirect tax initiatives and reclaims.
Assist the Global Tax team’s transition to the Tax Target Operating Model (TOM) for compliance, aiming for in-house management by our Centre of Excellence (CoE) and global advisors. This is vital for evolving into a best-in-class tax function.
Identify and advise on indirect tax matters that benefit the Tax function or SCB’s business, aligned with risk management policies
Business
Advise on indirect tax implications of UK and European transactions and manage post-implementation issues, including projects, reorganisations, and new offerings.
Provide timely indirect tax advice to SCB's business functions, ensuring appropriate risk management for all transactions, including new projects and products.
Manage SCB’s relationship with HMRC and external advisors, reviewing positions to ensure optimal outcomes aligned with our policies.
Collaborate with the Head of Tax and other managers to identify and execute tax initiatives.
Represent SCB in local industry groups like UK Finance.
Processes
Manage relationships with CoE, Finance, and external advisors to ensure timely indirect tax filings, payments, and refunds in the UK and Europe.
Assist in developing systems and processes impacting indirect tax to manage and distribute up-to-date knowledge, working with advisors and tech teams to innovate and streamline the indirect tax function.
People & Talent
Lead one direct report, guiding on indirect tax and management
Enhance team’s indirect tax and soft skills
Risk Management
Identify risks to SCB’s indirect tax position in the UK and Europe, and escalate key tax risks to Head of Tax
Manage relationships with regulatory bodies like HMRC on indirect tax
Develop indirect tax risk management controls per policies for the UK and Europe
Implement changes from new laws and guidance in the UK and Europe
Governance
Ensure timely, complete, and accurate filing of all indirect tax returns in the UK with the CoE team
Oversee deliverables from the CoE team and external advisors for compliance with tax policies
Regulatory & Business Conduct
Exemplify the Group’s Values and Code of Conduct.
Take responsibility for upholding high ethical standards and compliance with laws, regulations, and the Group Code.
Collaboratively identify, escalate, mitigate, and resolve risk and compliance issues.
Join the UK Country Tax team to achieve the Bank’s Conduct Principles: Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.
Support the Head of Tax, UK & Europe in maintaining a strong relationship with HMRC regarding UK indirect taxes.
Key stakeholders
Head of Tax, UK & Europe
CoE team in Chennai, India
Cluster RTMs and CTMs in Europe and other regions
Business Tax and Global Transfer Pricing teams
UK Finance team
HMRC and regional tax authorities
Business teams in CIB, WRB, and SC Ventures in the UK and Europe
Skills and Experience
At least 7 years of experience in financial services with a focus on indirect tax .
A preference for ATT, ACA, CTA, or equivalent credentials.
Membership in the Institute of Chartered Accountants of England and Wales (ICAA) or the Chartered Institute of Taxation (CIOT) is preferred.
Proficient in English.
Tax Management Expertise.
Tax Operations Competence.
Ability to Influence Through Expertise.
Proficiency in Big Data Management and Analytics.
Strong Business Acumen.
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.
For further information, and to apply, please visit our website via the “Apply” button below.
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