HSBC Group

Department Profile:

The role is part of HSBC Japan Finance department. Japan Finance team looks after the four entities in Japan; Banking, Securities, Assets Management and Service business. The role holder needs to manage the tax function of four relevant business entities in Japan.     

Role Purpose:

• To manage the taxation matters of the HSBC Japan. The taxation matters comprise corporate tax compliance and advisory, reporting of taxation and deferred taxation for accounting purpose, operational taxes and tax risk management.
• To provide tax related support to business/concerns of ASP, Group, including other sites in HSBC.
• To take the ownership of the second Line of defense responsibility.
• To provide guidance to the businesses on the tax related matters.
• To be the member of discussion about sound business growth and robust control with the tax perspectives in HSBC Japan.

Principal Accountabilities:

• Review and ensure self-assessed corporate tax returns are accurate for the HSBC Japan
• Review tax reporting for ASP Tax and financial reporting.
• Review and ensure Operational tax returns are completed and submitted.
• Ensure tax efficiency of the Bank and the Group including:
  • By providing tax advice on the transactions intended by the HSBC Japan entities to ensure that tax implications are addressed, transfer pricing requirements are met and ensuring that tax planning issues are addressed.
  • By providing tax advice on the products to be offered by the Bank to ensure that the tax implications are addressed so that there will be any additional tax costs to the HSBC Japan entities
  • Ensure that new projects/ ventures undertaken by the Group is tax optimal.
• Ensure robust tax risk management as guided by the Tax Risk Management Framework
• Ensure Tax team is effective as First Line and Second Line of defense for tax matters
• Ensure compliance of tax and VAT regulations in the operational activities of the Business and Functions
• Ensure the Groups’ interest is protected and technical knowledge of department is abreast with the changes in the tax environment.
• Provide high quality and accountable tax information, on timely manner, to senior management in HSBC Japan, ASP and Group
• To take the ownership of the second Line of defense responsibility.
• Provide guidance to the businesses on the tax related matters.
• Manage requirement/challenge from local tax authorities, as well as retain relationship with tax authorities in trustworthy manner
• Support ASP Tax matters, as per assignment
• Lead and coach an effective team that collaborates effectively with other teams in Finance and other functions to generate desired deliverables.
• Continue personal development and up skilling and reach a capability level required of this role.
• Effective communication skill to ensure the message is delivered to the stakeholders.