Tax Manager EMEA - HSBC Innovation Banking in London

Who are HSBC Innovation Banking?

We’re the power behind the UK’s forward-thinkers, future-makers and leap-takers, helping them ignite the bold ideas that reshape our world. We offer flexible banking solutions for start-ups, scale-ups, growth businesses, investors and those working towards IPO.

Whether it’s comprehensive banking, managing cashflow, plans for buyouts or Global Funds Banking, we power ideas at every stage of their journey. From the first-time founders to the funds that back them and everything in between. Here’s to never standing still. We're proud to accelerate growth for tech and life science businesses, create meaningful connections and open a world of global opportunity for entrepreneurs and investors alike.

A Tax Manager based in the UK is sought to support HSBC Innovation Banking presence in the UK and for belated organic growth of tax function in HINV. The successful candidate will report directly to the Senior Tax Manager /Head of Tax for HSBC Innovation Banking. The role will work closely with the Senior Tax Manager and have some oversight responsibility over one tax member based in the COE in India.  The candidate will be one of the key tax technical resources and be a contact for collaborating with other members within the Finance, Transformation, Regulatory and Compliance teams in HINV.

The role presents a unique opportunity for the right candidate to join a growing and innovative business, with significant exposure to tax advisory, opportunity for exposure to indirect tax, transfer pricing and gaining valuable experience of international tax.

Essential Functions

·         Managing compliance responsibilities (including reviewing) across direct tax (including Statutory accounts, tax provisioning, tax returns) and/ indirect tax workings performed by the tax member at COE based India. No direct report responsibility involved.

·         Providing tax technical guidance for direct tax reporting and tax returns compliance.

·         Monitoring tax administration compliance and ensure tasks are timely and accurately carried out (e.g.  ensuring timely tax payments for EMEA locations).

·         Supporting the tax team in carrying out risk steward function in client tax governance, staff mobility governance and employment tax.

·         Responding to any tax form requests from business or from corporate functions.

·         Assisting the tax team in performing post implementation check and ongoing monitoring of tax initiatives or tax compliance (e.g. transfer pricing, staff mobility)

·         Assisting the tax team in tax controversies, enquiries, statutory accounts audit and any tax initiatives. 

·         Supporting Senior Tax Manager/ Head of tax in tax governance by enforcing effective tax control process, reviewing and report deficiency, executing tax risk management controls and reports, influence cross functions for data quality improvement.

·         Supporting Senior Tax Manager/ Head of tax in discharging HINV’s accountability to the HSBC group in Senior Accounting Officer (“SAO”) certification process of HSBC Group. This will involve project management across all HINV teams, building a detailed working knowledge of HINV accounting systems and processes, with appreciation of any underlying SAO risk and appropriate mitigation if needed and managing the final submission of SAO certification.

·         Ad hoc tax compliance matters such internal risk reporting procedure, UK Interest restriction calculation, Uncertain tax treatment report, bank levy calculation, bank surcharges etc

·         Keep abreast of current tax laws, regulations, and practices. Monitoring international tax policy/ OECD development.

Knowledge

·         Financial Services: Corporate Bank and or financial services related fields are good to have.

·         Basic awareness of European Country-specific tax advantageous

·         VAT tax technical in financial services advantageous

Tax generalist welcomes

Skills

·         Computer/Technical Skills:  Savvy with technology and able to take initiative to resolve IT issues

·         Professional written, presentation, and visual communication skills

·         Easily builds and maintains relationships with key stakeholders

·         Experienced at establishing priorities and meeting swift deadlines in a fast pace, rapidly changing environment

Education and Experience

·         ACA/CTA/ACCA qualification

·         UK corporate tax and /or indirect tax experience gained from a practice firm or within industry of financial services preferred

·         Self-starter, Pro-active, eagerness to learn and a team player with ability to adjust to change and the desire to take on responsibility and ownership of allocated work.

Certifications

·         ACA/CTA/ACCA qualification

Competencies

·         Problem Resolution

·         Analytical and logical

·         Takes Initiative / Self Motivated

·         Performance Management

·         Personal Accountability

Travel

·         No travel is expected for this position. This is a full-time role ordinarily based in the office. However, there will be flexibility to work from home in line with the HR team agreement.

Equal Employment Opportunity

We know that some people may be put off from applying for a role if they don’t meet all elements of a job description. If you’re in this camp but think you can make a difference to our business, then why not give us a try?

We pride ourself on our approach to workforce flexibility. Talk to us about where, when and how you want to work which will enable you to bring your ‘A’ game to work

HSBC Innovation Banking is an equal opportunities employer. If you need adjustments for any part of the recruitment process, please contact us at