Senior Manager, Tax NFR

Role Purpose:

The Senior Manager Tax NFR (Non-Financial Risk) will work with the Tax teams in the Controllership function, to manage the Tax and associated reporting risk owned within Finance. Tax reporting is an area of increasing focus, with new requirements such as the Global Minimum Tax requirements, and continued scrutiny from tax authorities across the jurisdictions in which HSBC operates. It is therefore essential that the control environment is fit for purpose and is able to meet these demands.

The Senior Manager Tax NFR will report functionally to the Global Head of Finance NFR. Primary responsibilities for the role include the provision of first line Tax risk support within Finance, monitoring risks and mitigating actions, collaborating and managing relationships with internal and external stakeholders, including Risk Stewards, Internal Audit and External Auditors.

Governance and Committee Memberships:

• Tax Risk Management Meeting
• Inputs into Finance RCMM (Risk and Controls Management Meeting)
• Member of Finance NFR Leadership meeting

Principal Responsibilities:

• Advice, challenge, and support to the Controllership team on the effective management of the risk profile. Reviewing and reporting on the Tax risk position, including impacts of external environment changes, emerging risks and changes to the business strategy.
• Provide subject matter expertise, advice, and guidance for execution of Risk and Control Assessments ("RCAs") and with setting appropriate Control Monitoring Plans ("CMPs"). Challenge and support risk and control owners for appropriate and timely risk assessment and risk mitigation strategies. This should include inherent risk, residual risk, control effectiveness ratings, issues, actions and events management.
• Define and drive independent Finance control testing activities in respect of Tax Risk in collaboration with relevant Risk Stewards and Financial Controllers. Provide control testing findings and recommendations to Risk Owners supporting continual internal control environment improvement within Finance.
• Continue to improve process and control design and operations within Tax processes. Provide control advice to change projects impacting Tax process and controls.
• Ensure Compliance with Risk Management Framework NFR within Finance, including execution of Rapid Event Escalation Protocol.
• Promote desired behaviours, appropriate tone at the top and a positive risk culture.
• Manage relationships with key internal and external stakeholders, including Heads of Tax, Financial Controllers, Risk Stewards, Enterprise Risk Management, Internal Audit and External Auditor. Present relevant materials at governance meetings.

Accountabilities for Business, Customers and Stakeholders:

• The role will closely work with senior Finance stakeholders across the Group. It will also be required to liaise with the Global Financial Reporting and Tax Risk Steward team. Drive proactive identification of thematic root causes and undertake/ drive read across initiatives.
• Professional relationship maintained at all times with all stakeholders such that they have confidence in our output integrity and the commitment towards control.

Leadership & Teamwork:

• Collaboration across Finance with a culture of 'One Team'.
• Values diverse cultures and contributions, drives high standards of delivery in others.
• Early identification and timely remedial action on issues arising.
• Strong leadership of teams through effective communication, performance management, development plans and reward/recognition practices – all evidenced by talent development, promotion and retention.
• Promote a culture of continuous innovation, challenge the business on approach and apply knowledge of relevant latest developments
• Provide regular constructive feedback and coaching to individuals to improve their performance and support development and career progression.
• Promote learning and development with a focus on key areas such as continuous improvement and other new methodologies
• Act as a role model to create and maintain a collaborative team environment which supports on the job learning and self-driven development.

Operational Effectiveness & Control:

• Provide support & oversight to ensure controls/procedures are designed effectively and operate robustly such that they meet internal and external audit and regulatory expectations.
• Anticipate, identify and mitigate operational risk in an appropriate, cost effective manner.
• Ensure that activities and processes are embedded into non-financial risk frameworks.
• Continually drive Standardization and effectiveness within the team, eliminating wastage.
• Participation in Non-financial Risk Assessment carried out as appropriate.
• Demonstrated using well-designed operating metrics in an efficient and transparent manner.
• Audits demonstrate compliance with internal policies and procedures.

Observation of Internal Controls:

• Maintains HSBC internal control standards, including timely implementation of control testing/assurance findings, internal and external audit points together with any issues raised by external regulators.
• Complies with Global Principles, Policies and Procedures including Group SOX requirements and enforces reporting sites' compliance with certain areas of the required internal controls.

Requirements:

• Strong written and oral communicate skills (English plus local language of country where the role is located). ability to communicate complex ideas (e.g. relating to transactions/adoption of policies) in a simple manner to a global audience.
• Strong understanding of Tax, Financial Accounting processes and concepts of reconciliation & substantiation process.
• Understanding of control frameworks and how to implement effective controls in practice.
• Ability to deal with and analyse unstructured problems and queries and to question.
• Good understanding of generically the banking business, balance sheet and P&L.
• Ability to develop effective working relationships with stakeholders of different seniority and geographical location.

You'll achieve more when you join HSBC

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