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AVP - GMO- Tax Operations

Employer
BNP Paribas
Location
Bangalore Bengaluru Karnataka, Karnataka, India
Salary
Competitive Salary
Closing date
Feb 13, 2024

View more

Job Role
Tax Compliance
Sector
Finance
Contract Type
Permanent
Hours
Full Time
Job Description

Job Description - Tax Operations

About BNP Paribas Group:

BNP Paribas Group is a leading European bank with a strong global footprint across 72 markets and more than 202,000 employees. The Group provides corporates, institutional and private investors with product and service solutions tailored to their specific needs. It offers a wide range of financial services covering corporate & institutional banking, wealth management, asset management, insurance, as well as retail banking and consumer financing through strategic partnerships.

About BNP Paribas India Solutions:

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas Group, a leading bank in Europe with an international reach. With delivery centers located in Mumbai and Chennai, we are a 24x7 global delivery center. We partner various business lines of BNP Paribas such as Corporate and Institutional Banking, Wealth Management, Retail Banking through three verticals - Information Technology, Operations and Finance Shared Services.

About Business line/Function :

Global Market Operations is mandated to provide endo to end trade processing within CIB ITO Global Markets. GMO's teams are focused on cross business standardization to improve efficiency of ITO services, while keeping operational risk under control.

ISPL Securities Operations, Collateral management and TFLM teams supports business. The team is primarily responsible for carrying out following activities:

Provide best in class service to Clients, institutional and corporate clients of the Bank

Process settlements, Collateral management, Treasury, payments and corporate actions for transaction initiated by CIB GM business.

Provide support across regions (APAC, EMEA and AMER and products (Bonds, Equities, Complex Securities, ETF, SLAB, Repo etc)



Job Title:


AVP

Date: 20 Oct 2023

Department:

CIBITO - Global Markets Operations



Location:


Bangalore

Business Line / Function:

Securities Operations

Reports to:

(Direct)

VP

Grade:

(if applicable)

(Functional)

Number of Direct Reports:

NA

Directorship / Registration:

NA

Position Purpose

The incumbent in this role will be a part of Tax Operations covering Global regions supporting the Global Market businesses. More specifically the incumbent is expected to have knowledge around and work on the below aspects:

  • Stamp Duty Reserve Taxes: Processes around Stamp tax per market rules and any relevant exemptions and exception management for calculation/application/ payment etc.
  • Financial Transaction Taxes: Processes around payment and/or reporting per specific market rules; relevant exemptions, documentation and exception management
  • Withholding Tax: Key tasks involved are Tax Reclaims support, Tax vouchers, certifications, documentation lifecycle management etc.
  • IRS Regulations for Chapter 3, Chapter 4, Chapter 61: Withholding, payment, documentation lifecycle management, reporting etc.
  • Transaction taxes, Stamp duty or other local market taxes across regions
  • Ensuring strict process compliance and adherence to Regulatory tax requirements
  • Proactive identification and reconciliation of Instrument static with market data, ensuring correct tax static data is in place in the relevant systems
  • Partnering with Ops, Technology, Business and other key stakeholders in defining and implementing the Target Operating Model
  • Weekly & monthly Management Reporting of Key metrics, market changes and Forward looking risks

Responsibilities

Key Responsibilities of the incumbent are:

Create culture by enabling and empower staff that drives the following

  • Robust control environment across functions:
  • Timely resolution and reporting of breaks / exceptions
  • Proactive identification of issues
  • Proactive escalations, open communication
  • Risk mind set in the team
  • Align self and teams to organization objectives and drive various initiatives to meet targets
  • Cost and efficiency targets
  • Partnership and Collaboration
  • With stakeholders such as Business, Technology, HR and other Ops teams
  • Client centricity
  • Ensure best in class client service
  • Enhance knowledge, create SMEs
  • Change and Innovation
  • Create change culture in the team
  • Drive/ Participate in enhancements, synergies and standardization of functions regions
  • Drive/Participate various people agenda
  • Engagement
  • Rewards and Recognition
  • Communication
  • Succession planning
  • Mobility
  • Diversity etc...

Skills and competencies:

The Incumbent should:

  • Be Technically strong in Tax operations and various regulatory requirements
  • Be able to groom and empower staff, foster growth and be people centric
  • Have good analytical, organizational and communication skills
  • Be collaborative in her/his approach
  • Be aware of the trends and changes in the industry / Market / Regulation
  • Be able to display situational leadership and adopt and course correct as and when needed
  • Be able stay calm to work under pressure and bring about positive outcome
  • Have change mindset and question status quo, while respecting group policies and procedures
  • Have in-depth knowledge of financial markets and products.

Experience Required

Minimum of 12 years' experience and 8+ years' experience in Tax operations

Skills Referential

Behavioural Skills: (Please select up to 4 skills) -

Ability to collaborate / Teamwork

Attention to detail / rigor

Resilience

Ability to share / pass on knowledge

Transversal Skills: (Please select up to 5 skills)

Analytical Ability

Ability to develop and adapt a process

Ability to set up relevant performance indicators

Ability to understand, explain and support change

Ability To Develop Others & Improve Their Skills

Education Level:

Bachelor Degree or equivalent

Experience Level :

At least 12 years

Other/Specific Qualifications (if Required)

Primary Location

IN-KA-Bangalore

Job Type

Fixed Term

Job

OPERATION PROCESSING

Education Level

Bachelor Degree or equivalent ( = 3 years)

Experience Level

At least 12 years

Schedule

Full-time
Skills: Organizational, Analytical, Collaborative, Knowledge Sharing, situational leadership, Communication, Regulatory Requirements, Resilience, Financial Markets

Experience: 8.00-12.00 Years

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