At HMRC we are committed to creating a great place to work for all our colleagues; an inclusive and respectful environment that reflects the diversity of the society we serve.
We want to maximise the potential of everyone who chooses to work for us and we offer a range of flexible working patterns and support to make a fulfilling career at HMRC accessible to you.
Diverse perspectives and experiences are critical to our success and we welcome applications from all people from all backgrounds with the experience and skills needed to perform this role.
As the Asset Management (AM) Operational Lead within Large Business (LB), you will play a pivotal and exciting role in assuring and enabling tax compliance for this important sector.
We are looking for an individual with multifaceted experience in asset management, who can share their passion for the sector with others across HMRC and build a genuine interest across the wider team.
You will be an aspiring leader with a demonstrable record of effective delivery across multiple strands of work. Bringing strong sectoral knowledge, you will set direction for risk working and operational strategy, while leading and building links with core HMRC and external stakeholders, including representative bodies.
Large Business is a directorate within the Customer Compliance Group (CCG) within HMRC. Its primary responsibility is the tax affairs of the largest businesses in the UK, taking care of highly technical tax matters and sophisticated global business of around 2,000 corporations, bringing in over £9bn yield per annum. Job description
The successful candidate will be a visible and inspiring leader who will lead and own the Asset Management Compliance Plan, setting out the priorities and operational delivery strategy within asset management for large business.
You will update, refine and be accountable for the delivery the specified outcomes into 2022/23 and beyond.
The key areas of your responsibility will be:
• Applying your knowledge and insights across your portfolio to drive the operational strategy. With an operational lens, you will collaborate closely with HMRC policy colleagues, who develop Asset Management policy.
• Leading for Large Business on initiatives to ensure our approach to understanding and tackling personal tax, employer duties, VAT and business taxes within the sector. You will need to collaborate and look for opportunities for further development on working together across Customer Compliance Group (CCG) and HMRC.
• Work with the Tax Professional Managers to advise decisions relating to resourcing for relevant compliance activity. You will also develop a new data strategy to support compliance. This will help to advise how we identify, prioritise and tackle tax risks and make it easier for our customers to pay the right tax.
• Collaboration and joint working with other areas of HMRC to represent HMRC in discussions with external organisations, such as sector representative bodies, other government departments, financial service regulators and more widely across the asset management community.
• Understand and share key issues with internal stakeholders across all levels and building the wider teams with their understanding of the sector including emerging risks and trends providing access to resources and development opportunities when appropriate.
• Lead all aspects of governance structures and forums set up to support the team's work including an operational delivery panel focusing on cases being worked and the Asset Management Steering Group, which co-ordinates strategy and engagement with internal HMRC stakeholders.
• Set and deliver to realistic targets and raise issues and report on progress across the team.
• Experience of working at a senior level with practical insight into how the asset management sector operates and knowledge of how businesses within the sector address both commercial and tax risk.
• Practical knowledge of structuring for alternative investment strategies, including the use of asset holding companies, platforms, SPVs within investment structures.
Any one the following qualifications would also be advantageous:
• Chartered Tax Adviser (with direct taxes options) or the Advanced Diploma in international Taxation.
• Full membership of one of the Consultative Committee of Accountancy Bodies (ICAEW, ICAS, CAI, ACCA, CIPFA), provided that direct tax matters make up a substantial part of your professional experience.
• Qualification as a Solicitor, Barrister or CILEX Lawyer (including the Professional stage Business and Commercial Law module) in England and Wales (or equivalent in Scotland and Northern Ireland), provided that direct tax matters make up a substantial part of your professional experience.
• Equivalent qualifications, to be considered on a case-by-case basis as evidence of completing tax training including HMRC Tax specific qualifications.