Job description
Business: Tax Services Operations
Open positions: 1
Role Title: Assistant Manager
Global Career Band: 7
Location (Country / City): Bangalore, India
Recruiter Name: Srinivasan S
Why join us?
- Fund Tax Operations function is to manage all tax relevant functions including but not limited to UK, US, Australia for computing accurate tax Liabilities, ensuring the tax data within the systems are accurate and complete for the client to report Tax information correctly by adhering to specific tax rules. The tax operation function is also responsible for determining distributable income of the Funds on a periodic basis, in accordance with the Funds constitution. Fund Tax Operations are also being responsible for tax compliance, regulatory filing, vendor oversight, providing support and insight to internal stakeholders in relation to tax issues or requirements impacting funds we service/administer for clients.
What you'll do?
Impact on the Business
- Acquire and apply taxation knowledge and experience in dealing with various tax regimes such as UK, US, Australia and Investor Tax reporting regulations.
- Managing daily, weekly, fortnightly, monthly, quarterly, semi-annually and annual taxation activities
- Working closely with internal stakeholders and other operational teams
- Working closely with external service providers and managing/monitoring the deliverables.
Customers / Stakeholders
- Equity Prime Finance Front Office Teams
- FX Prime Services Front Office Teams
- Market Risk & Credit
- OCRM
- Operations (Rates, FX, FX Ops, Equity & Credit)
- Collateral Service teams regional and globally
- Change Management
- IT
- External priority Clients
Operational Effectiveness & Control
- To be aware of and ensure compliance with key controls and regulations for all tasks related to the Client Facing Team
Major Challenges
- The Collateral Management Client Facing Team is at the frontline of ensuring the perception of the group is positive.
- One of the challenges is to ensure the client perception of HSBC as a whole and specifically relating to Collateral & Valuations is a good one. As client expectations change we need to adapt with this.
- A further challenge is to proactively suggest improvements that will increase the level of service we offer to our clients.
- They need to perform the function in a controlled, structured and organized manner, with good communication to management
Role Context
- The working environment can be highly pressurized at times which will require a cool head and an ability to think clearly and logically. The candidate will need to work efficiently to prioritize their work.
- The candidate will be expected to be a strong communicator. They will need to liaise with both internal and external stakeholders, with these ranging from Clients, Front Office Desks, the Controls Team, Business Management Team, along with other departments within HSBC.
Management of Risk
- Be aware of the Operational Risk scenario associated with your role and act in a manner that takes account of operational risk, including ensuring the team is compliant with internal policy
Observation of Internal Controls
- Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.
- Understands, follows and demonstrates compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business in which the jobholder is involved, specifically Internal Controls and any Compliance policy.
Role Dimensions
- The Prime Collateral team is responsible for direct interaction with clients in regard to the issuance, receipt and settlement of all margin related activity for Prime Brokerage and OTC derivatives, while maintaining a high standard of client service at all times
Requirements
What you will need to succeed in this role?
- Prepare and complete tax activities for the tax regimes as per the applicable regulation, rules and provisions.
- Train new joiners and provide refreshers to activities to the team members.
- Manage the client deliveries within agreed PLA, including managing internal, external stake holders
- Have the KPI’s green for all the Tax Regimes
- Stay updated on the Tax regimes and share knowledge within the Team.
- Look for issues & opportunities and streamline the process to be faster, leaner and accurate
- Work with the Tax AVP and other departments to provide tax support on key issues. The candidate should also be able to respond promptly to day-to-day tax issues.
- Ensure completion of all mandatory training on time.
- Perform any additional responsibilities that may be required by the manager
Link to the user candidate
You’ll achieve more at HSBC
HSBC is an equal opportunity employer committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and, opportunities to grow within an inclusive and diverse environment. We encourage applications from all suitably qualified persons irrespective of, but not limited to, their gender or genetic information, sexual orientation, ethnicity, religion, social status, medical care leave requirements, political affiliation, people with disabilities, color, national origin, veteran status, etc., We consider all applications based on merit and suitability to the role.”
Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.
***Issued By HSBC Electronic Data Processing (India) Private LTD***
Recruiter name
Srinivasan S
Recruiter email
srinivasan.s@hsbc.co.in