Specialist - Risk And Control - Tax

Job Summary Tax Risk and Governance is a function within Tax Centre of Excellence that supports governance risk management and internal controls aspects for activities managed within Tax Centre of Excellence The remit also includes embedding UK Audit Corporate Governance ACG for Tax Reporting and Tax Technology and related processes Specialist - Risk and Control - Tax is a role within Tax Risk and Governance team responsible for testing of internal controls in compliance with Standard Chartered Bank s Enterprise Risk Management framework including risk identification assessment and mitigation of risks within tax operations and processes This role also supports Group Tax activities such as Tax risk reporting and management of Digital Gateway tool used for monitoring tax compliances This role is a great opportunity to be part of an inhouse Tax Risk and Control Centre of Excellence where you will be part of a dynamic environment contribute to tax transformations drive meaningful improvement in tax governance and collaborate with cross-functional teams across geographies to build a resilient tax organization If you are passionate about tax risk governance innovation and want to make a meaningful impact then this role is for you Key Responsibilities Processes Internal control testing Perform internal control testing for Tax function as per agreed test plan scripts upload the results into MetricStream system and save evidence of control testing as defined Identify key risks and control weaknesses escalating issues and collaborate with CFO Financial Controller Head Finance Business Head Account Owner to agree on actionable mitigation plans recommendations for resolution Collaborate with key stakeholders to develop mitigation plans and action steps to resolve identified issues Provide support in conducting compliance reviews to identify gaps within the bank s policies and processes and actively monitor the implementation of effective action plans Ensure timely escalation of material process exceptions as necessary Detailed understanding and support on MetricStream system aspects relating to process risk controls residual risk assessment risk events issue and action modules and provide necessary support for improvements including support in extraction of various reports in MetricStream Promote a culture of continuous improvement and identify opportunities for process enhancements implementing best practices within the Tax function Provide support in facilitating the delivery of the external and internal audit reviews as required Good understanding of Tax function risk assessment methodologies and control frameworks eg COSO SoX Collaborating with colleagues from across the country group tax teams in delivering joint initiatives Group tax reporting and tax risk reporting Ensure timely and accurate preparation of Tax Risk Reports Tax Risk Committee slides including reconciliation of reported tax exposures with tax risk reports Provide support for Tax Risk Reporting Back Testing exercise and help tax risk report user access requirements Ensure on-time and accurate processing of Group tax journals Digital Gateway tool Manage day-to-day aspects of Digital Gateway tool a tool used for managing tax compliance Own and maintain tracker of change requests along with maintenance of management information relating to SLA agreed with KPMG including preparation of management information dashboard or other metrics requested by management as necessary Take lead in roll-forward of data in Digital Gateway Ensure compliance with internal IT governance including user access matrix and related reconciliations Lead tax attestation in Digital Gateway and coordinate with KPMG Central tax for smooth on-time completion Stakeholder management Collaborate with stakeholders across Tax Finance Risk and Compliance to strengthen financial governance and risk management Manage strong relationship with various support teams and bring synergies by interacting and integrating with cross functional teams Other essential skills Proficiency in ERP systems SAP Oracle etc and tax technology platforms eg LongView OneSource Good understanding of general tax principles and accounting treatment of taxes including knowledge of IAS 12 Demonstrates excellent analytical problem solving and project management skill Excellent communication skills both written and verbal Strong and clear documentation skills and business report writing skills Risk Management Ensure timely escalation of material process exceptions as necessary Support in remediation planning and tracking for identified tax risks and control deficiencies and ensure timely implementation Governance Ensure adherence to applicable Standard Chartered Bank s framework policies and standards Ensure that control testing risk reporting and documentation comply with relevant ERMF guidelines 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 Effectively and collaboratively identify escalate mitigate and resolve risk conduct and compliance matters Lead to achieve the outcomes set out in the Bank s Conduct Principles Key stakeholders Tax Leadership Team Regional Tax Leads Regional Tax Managers Group Tax and Country Tax Finance and Tax CoE Other Responsibilities Embed Here for good and Group s brand and values in Tax function Perform other responsibilities assigned under Group Country Business or Functional policies and procedures Skills and Experience Internal Controls Risk Management Financial and Non-Financial Tax Operations Accounting Operational Risk Financial and Accounting Systems Qualifications Education Bachelor s degree in accounting finance tax or related field Professional qualification such as CA or MBA or CIA or ACCA is desired Training Minimum 2 years experience in testing internal controls or risk management People having work experience in banking multinational companies Big 4s are preferred Certifications Additional certification in risk management is desirable Competencies Action Oriented Collaborates Customer Focus Gives Clarity Guidance Manages Ambiguity Develops Talent Drives Vision Purpose Nimble Learning Decision Quality Courage Instills Trust Strategic Mindset Technical Competencies This is a generic competency to evaluate candidate on role-specific technical skills and requirements 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 Recruitment Assessments Some of our roles use assessments to help us understand how suitable you are for the role you ve applied to If you are invited to take an assessment this is great news It means your application has progressed to an important stage of our recruitment process Visit our careers website 30533