Standard Chartered
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Head of Tax, US & Americas
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Standard Chartered Job Summary We are looking for a Head of Tax, US & Americas to join our team at Standard Chartered Bank in NY. Summary The summary of core responsibilities, requirements, as well as the performance expectations of a Head of Tax, US & Americas are outlined below: Value Creation - formulate and implement strategies to optimise US ETR and impact on RoTE within risk appetite, while partnering stakeholders to create a culture of robust control and continuous improvement in tax reporting and forecasting. Value Protection - Ensure adherence to federal, state, and local tax laws, and oversee accurate and timely tax filings. Identify and mitigate potential tax risks to avoid audit controversy and dispute, penalties, and legal issues, so tax risk is well managed and remains within risk appetite. Advocacy – help shape / influence regional tax policy and legislation that is sustainable and achieves the policy objectives with minimum compliance and collateral costs. Business Partner - Provide tax-related strategic insights and guidance for key business decisions and in alignment with our commercial strategy, having regard to building long term shareholder value. As an SME, act as the primary contact with tax authorities and regulators to maintain our reputation as a responsible taxpayer. Lead and develop the tax team, fostering continuous learning and professional growth. Key Responsibilities Strategy Manage US & Americas tax affairs in alignment with our commercial strategy, having regard to building long term shareholder value and to maintaining our reputation as a responsible taxpayer with tax authorities and regulators, consistent with the Group’s Strategy. Understand and contribute to the US & Americas business strategy. Partner internal stakeholders, maintain relationships with the Tax Authorities and other policy makers including representation of relevant industry support groups with a view to provide advocacy efforts to effect tax policy change that is sustainable and achieves the policy objectives with minimum compliance and collateral costs in the interest of the Bank and clients. Business Provide oversight for the provision by external advisers of all tax matters and reporting advice to business and on corporate transactions, where required partnering with Business Tax team members. Sign off all tax aspects of material format approvals such as product country addendums, change in structure forms and profit / capital repatriation requests. Partner with Business units to ensure impact assessments are undertaken for all tax law changes with a material impact on the US & America’s tax profile and ensure key stakeholders are kept informed of material impacts of these developments where relevant. Support clients by proactively managing US & Americas taxation to facilitate successful business within tax risk appetite. Establish and maintain relationships with local business units and support functions stakeholders Work closely with the Business (Product) and Functional tax teams and Tax specialist groups as required in promoting general tax awareness among local business units including identification and execution of tax planning opportunities, value creation initiatives, and implementation of appropriate measures to mitigate potential areas of tax exposure (consistent with the Group’s approach to managing tax). Manage Business (Product) and Functional Tax teams to provide or oversee the provision by external tax advice to local business units and on corporate transactions impacting their business or functions. Governance Manage governance arrangements relevant for US America’s direct & indirect taxes. Take personal responsibility for understanding the risk and compliance requirements of the role and communicating the same to the team. Understand and comply with, in letter and spirit, all applicable laws and regulations, including those governing anti money laundering, terrorist financing and sanctions; the Group’s policies and procedures and the Group Code of Conduct. Effectively and collaboratively identify, escalate, mitigate and resolve risk and compliance matters. Embed the Group’s values and code of conduct to ensure that adherence with the highest standards of ethics, and compliance with relevant policies, processes and regulations among employees form part of culture. People & Talent Employ, engage and retain high quality people, with succession planning for critical roles Communicate vision of the role of the US & Americas tax function and role-model collaboration across the Tax function. Set and monitor job descriptions and objectives for direct reports and provide feedback and rewards in line with their performance against those responsibilities and objectives Collaborate with Tax GPO on feedback and development plans for key Tax CoE staff involved in tax reporting and forecasting. Lead through example and build the appropriate culture and values. Set appropriate tone and expectations for their team and work in collaboration with risk and control partners. Ensure the provision of ongoing training and development of people, and that holders of critical functions are suitably skilled and qualified for their roles and effective supervision is in place to mitigate risks. Additional Responsibilities Risk Management Control tax risks to ensure that losses (financial or reputational), including any related to the conduct of business matters, do not cause material damage to the SC Group’s franchise. Discharge Tax RFO responsibilities for taxes in accordance with the Tax Procedures and implement, monitor and oversee Tax Operational Risk Framework Manage US & Americas direct & indirect tax risk within the risk appetite of the Group. Manage the internal reporting of tax risk exposures for the Group (gross and net) and provide updates to Risk Committees. Support Americas finance teams in reviewing and signing off material corporate income tax returns and indirect tax returns. Tax Reporting & Forecasting Ensure accurate and timely quarterly group tax reporting, tax forecasts of the group’s effective tax rate and other reporting as required for Group reporting purposes including New F. Manage the external and internal tax reporting for the branches and subsidiaries. Compile and report on tax liabilities in compliance with relevant legislation and standards. Transfer Pricing Work closely with the Transfer Pricing team to ensure implementation of appropriate TP methodologies, management of associated risks and promoting general TP awareness to relevant stakeholders in Americas. Support in providing Transfer Pricing advice and support for group cost recharges related matters to the network. Regulatory & Business Conduct Display exemplary conduct and live by the Group’s Values and Code of Conduct. Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across the Longview estate. Skills And Experience Business Acumen Communication Corporate Governance Cost-benefit analysis Financial and Accounting systems Industry knowledge Internal controls Operational risk Performance management Reputational risk Risks and controls Tax Management Tax Operations (tax accounting) Qualifications Licensed as a CPA or an attorney with tax accounting experience Minimum of 12 years of experience with international taxation of non-US and US financial institutions (preferably in-bound taxation and US group taxation) Providing oversight on all US tax accounting/compliance/reporting issues for the US and Americas Strong stakeholder management skills, ability to communicate complex tax issues to key stakeholders in a manner that is clear and understandable both orally and in writing Leadership track record, and collaborating with process teams and creating an effective control environment
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Head of Tax, US & Americas
role at
Standard Chartered Job Summary We are looking for a Head of Tax, US & Americas to join our team at Standard Chartered Bank in NY. Summary The summary of core responsibilities, requirements, as well as the performance expectations of a Head of Tax, US & Americas are outlined below: Value Creation - formulate and implement strategies to optimise US ETR and impact on RoTE within risk appetite, while partnering stakeholders to create a culture of robust control and continuous improvement in tax reporting and forecasting. Value Protection - Ensure adherence to federal, state, and local tax laws, and oversee accurate and timely tax filings. Identify and mitigate potential tax risks to avoid audit controversy and dispute, penalties, and legal issues, so tax risk is well managed and remains within risk appetite. Advocacy – help shape / influence regional tax policy and legislation that is sustainable and achieves the policy objectives with minimum compliance and collateral costs. Business Partner - Provide tax-related strategic insights and guidance for key business decisions and in alignment with our commercial strategy, having regard to building long term shareholder value. As an SME, act as the primary contact with tax authorities and regulators to maintain our reputation as a responsible taxpayer. Lead and develop the tax team, fostering continuous learning and professional growth. Key Responsibilities Strategy Manage US & Americas tax affairs in alignment with our commercial strategy, having regard to building long term shareholder value and to maintaining our reputation as a responsible taxpayer with tax authorities and regulators, consistent with the Group’s Strategy. Understand and contribute to the US & Americas business strategy. Partner internal stakeholders, maintain relationships with the Tax Authorities and other policy makers including representation of relevant industry support groups with a view to provide advocacy efforts to effect tax policy change that is sustainable and achieves the policy objectives with minimum compliance and collateral costs in the interest of the Bank and clients. Business Provide oversight for the provision by external advisers of all tax matters and reporting advice to business and on corporate transactions, where required partnering with Business Tax team members. Sign off all tax aspects of material format approvals such as product country addendums, change in structure forms and profit / capital repatriation requests. Partner with Business units to ensure impact assessments are undertaken for all tax law changes with a material impact on the US & America’s tax profile and ensure key stakeholders are kept informed of material impacts of these developments where relevant. Support clients by proactively managing US & Americas taxation to facilitate successful business within tax risk appetite. Establish and maintain relationships with local business units and support functions stakeholders Work closely with the Business (Product) and Functional tax teams and Tax specialist groups as required in promoting general tax awareness among local business units including identification and execution of tax planning opportunities, value creation initiatives, and implementation of appropriate measures to mitigate potential areas of tax exposure (consistent with the Group’s approach to managing tax). Manage Business (Product) and Functional Tax teams to provide or oversee the provision by external tax advice to local business units and on corporate transactions impacting their business or functions. Governance Manage governance arrangements relevant for US America’s direct & indirect taxes. Take personal responsibility for understanding the risk and compliance requirements of the role and communicating the same to the team. Understand and comply with, in letter and spirit, all applicable laws and regulations, including those governing anti money laundering, terrorist financing and sanctions; the Group’s policies and procedures and the Group Code of Conduct. Effectively and collaboratively identify, escalate, mitigate and resolve risk and compliance matters. Embed the Group’s values and code of conduct to ensure that adherence with the highest standards of ethics, and compliance with relevant policies, processes and regulations among employees form part of culture. People & Talent Employ, engage and retain high quality people, with succession planning for critical roles Communicate vision of the role of the US & Americas tax function and role-model collaboration across the Tax function. Set and monitor job descriptions and objectives for direct reports and provide feedback and rewards in line with their performance against those responsibilities and objectives Collaborate with Tax GPO on feedback and development plans for key Tax CoE staff involved in tax reporting and forecasting. Lead through example and build the appropriate culture and values. Set appropriate tone and expectations for their team and work in collaboration with risk and control partners. Ensure the provision of ongoing training and development of people, and that holders of critical functions are suitably skilled and qualified for their roles and effective supervision is in place to mitigate risks. Additional Responsibilities Risk Management Control tax risks to ensure that losses (financial or reputational), including any related to the conduct of business matters, do not cause material damage to the SC Group’s franchise. Discharge Tax RFO responsibilities for taxes in accordance with the Tax Procedures and implement, monitor and oversee Tax Operational Risk Framework Manage US & Americas direct & indirect tax risk within the risk appetite of the Group. Manage the internal reporting of tax risk exposures for the Group (gross and net) and provide updates to Risk Committees. Support Americas finance teams in reviewing and signing off material corporate income tax returns and indirect tax returns. Tax Reporting & Forecasting Ensure accurate and timely quarterly group tax reporting, tax forecasts of the group’s effective tax rate and other reporting as required for Group reporting purposes including New F. Manage the external and internal tax reporting for the branches and subsidiaries. Compile and report on tax liabilities in compliance with relevant legislation and standards. Transfer Pricing Work closely with the Transfer Pricing team to ensure implementation of appropriate TP methodologies, management of associated risks and promoting general TP awareness to relevant stakeholders in Americas. Support in providing Transfer Pricing advice and support for group cost recharges related matters to the network. Regulatory & Business Conduct Display exemplary conduct and live by the Group’s Values and Code of Conduct. Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across the Longview estate. Skills And Experience Business Acumen Communication Corporate Governance Cost-benefit analysis Financial and Accounting systems Industry knowledge Internal controls Operational risk Performance management Reputational risk Risks and controls Tax Management Tax Operations (tax accounting) Qualifications Licensed as a CPA or an attorney with tax accounting experience Minimum of 12 years of experience with international taxation of non-US and US financial institutions (preferably in-bound taxation and US group taxation) Providing oversight on all US tax accounting/compliance/reporting issues for the US and Americas Strong stakeholder management skills, ability to communicate complex tax issues to key stakeholders in a manner that is clear and understandable both orally and in writing Leadership track record, and collaborating with process teams and creating an effective control environment
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