Operational Tax Consultant - Assistant Vice President

BNP Paribas is the European Union’s leading bank and a key player in international banking. We operate in 65 countries and employ 190,000 people, including nearly 145,000 in Europe. Our Group holds key positions in its three main fields of activity: Commercial, Personal Banking & Services; Investment & Protection Services; and Corporate & Institutional Banking (CIB) for corporate and institutional clients.

The Finance Department is responsible for Management reporting, Annual budgeting and analysis of Bank Financials by Business lines and Functions.

Company Purpose

Our company purpose is to contribute to a responsible and sustainable economy by financing and advising clients according to the highest ethical standards.

Our Employer Promise Is Built Around Three Pillars

• Being a great place to work
• Committed to sustainability and having a positive impact
• Being dedicated to the development of our people
  
  

Business area

The London Tax Department is responsible for the tax affairs of BNPP in the UK territory across all taxes and covering all CIB and non-CIB businesses.

Job Purpose

The role holder assumes responsibility for processes required to provide Operational Tax support within UK CIB, including all business lines and clients. This role may be carried out within a range of experience depending on the development of knowledge and skills in the role and the role-holder's ability to work with increased autonomy.

Key Responsibilities

Accountable for the fulfilment of all processes required to provide Operational Tax support within UK CIB, including all business lines and clients, responsible for specialist tasks such as:

• Control and document US Tax (QI/QDD) processes for International Prime Brokerage; working closely with global operational and tax teams

Management of annual QI/QDD reporting cycle

Coordination of the UK QI/QDD certification program with relevant stakeholders and senior management

Provide oversight and support to all processes impacting the FATCA/AEOI/QI regimes

Participation in FATCA/AEOI/QI internal working groups and external tax committees

Monitoring of FTT and UK SDRT regimes; providing technical support

Supporting operations with client regulatory communications for tax updates and documentation

Tax Watch - Monitor global tax regimes; support Operations Teams establishing and documenting procedures for withholding tax processes

Technical assistance to Network Management / operations globally to facilitate optimum client account structures for Prime Brokerage globally

Supporting and advising operations with client WHT reclaims

Tracking tax relief requirements and documentation and communicating to Operations stakeholders

Reviews and updates of standard operating procedures including recommendations

Actively participate in conversations and interactions with key internal stakeholders.

Oversight, monitoring and regulatory reporting (where necessary) of Mandatory Disclosure Rules (MDR) and UK BBSI reporting

Provide ongoing / ad hoc support for operational tax related projects across CIB.

London Branch and UK committees

• FATCA/AEOI/QI – UK Working Group Member
  
  

Regional, Global and Group

• FATCA, AEOI Committee
  
  

Requirements

• Professional qualification required with formal experience in operational taxes, from an Investment Banking/Custody background
• Expert knowledge of withholding tax regimes in major markets, as well as a wide range of policies, procedures regulations and legislation relevant to operational taxes, with the ability to apply this knowledge to improve BNP Paribas processes and practices.

Strong knowledge of US Tax (QI/QDD) withholding and reporting procedures

Strong understanding of Prime Brokerage business including typical client structures

Detailed knowledge of FATCA/AEOI reporting regimes

Awareness of jurisdictional Financial Transaction Tax and UK SDRT regimes

Understanding of the role and functions of Central Depositories/Global Custodians/Agent Banks

Excellent quantitative and analytical skills, with strong risk awareness and control framework mindset, and the ability to exercise judgement over escalation

Strong experience in managing key stakeholder relationships, with an excellent ability to negotiate, support and influence with a proactive approach to problem solving

Strong commercial, communication and relationship management skills. Excellent written and oral English skills to articulate technical issues and to be able to take the complex and make simple to enable effective communication with individuals across the business.

Strong personal focus on accuracy and attention to detail and able to review and improve work of in collaboration with colleagues

Computer literacy and a good knowledge of a range of standard computer software, e.g., Microsoft Office, email.

And of course, we expect all our colleagues to embody and practice the Group values (alignment with the Bank’s strategy, commitment, work ethic, integrity and Code of Conduct).

A Bit More About Why You Should Join Us

• We’re a great place to work
  
  

We aim for optimal work/life balance (depending on role, this includes hybrid working, flexible working and agile)

We are proud of our award-winning flexible benefits and health & wellbeing strategy. Our flexible benefits include:

• Generous holiday allowance of at least 26 days (plus bank holidays) – with option to buy and sell holidays.
• Valuable financial plans – a 12% non-contributory pension which has been moved to sustainable investments*, life assurance*, income protection and personal accident insurance.

Extensive wellbeing and mental health offering – one of the most advanced private medical schemes in the UK, dental cover, wellbeing app, Cognitive Behavioural Therapy support, subsidised gym memberships, bespoke health assessments including genetic testing, Private GP (including digital GP services to parents of employees), Employee Assistance Programme, menopause & fertility support (we are an accredited Menopause Friendly Employer), neurodiversity assessment and support.

Key onsite services and facilities in London – include physiotherapy, nutrition, massage therapy, physiology, mental health first aiders, seasonal flu vaccinations and free onsite fitness centre.

Plus, emergency back-up care for dependants, green car leasing, season ticket loan, and a range of other benefits.

Subject to relevant caps

As the eurozone’s largest bank, we are committed to having a positive impact in the world.

For example, we are committed to Net Zero in all of our financing and investment portfolios by 2050. By 2030, 80% of our energy production financing will be low carbon.

But impact for us means more than climate. It means empowering our people every day. Everyone gets four volunteering days each year - in 2023, we achieved over 18,000 hours of volunteering across the UK and reaching over 4,500 young people.

• We believe in our people
  
  

We support our people to develop skills to adapt to the ever-evolving world of work and to prepare for the jobs of today and tomorrow. We do this through a comprehensive training offering, talent programmes, mentoring, career days and inhouse career tools.

We are proud of the number of our people who progress and secure new roles internally. In fact, in 2023, nearly half of our positions in UK CIB were filled internally.

Investing in our people also means we have a collaborative and inclusive culture:

• Direct feedback from our people shows that our internal culture sets us apart from our industry peers.

Each year, nearly 30,000 employees globally are involved in professional networks that play an active role in promoting Diversity and Inclusion within the Group. These include our:

Pride Network, Ability Network (which supports disabled employees), MixCity (gender equality network), Women in Global Markets, Women in Global Banking, Women in IT, Diversity Equity & Inclusion in Technology, Early Careers Network, Multicultural Network and Parents & Carers Network.

Equal opportunities

BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to age, disability, gender reassignment, marriage or civil partnership status, pregnancy and maternity, race, religion or belief, sex or sexual orientation, or any other legally protected status.

Adjustments

We don’t want anyone to be disadvantaged in our recruitment processes, so if you have a disability or health condition which may mean that you’d benefit from some adjustments or additional support, please let us know as early in the process as possible.