Job Title : Tax Operations - India Lead
Location : Bangalore
Corporate Title : Vice President
Role Description
Tax Operations is a core function within Margin Treasury and Tax Operations, responsible for managing and supporting all operational tax processes for Deutsche Bank AG and its associated entities. The team ensures compliance with global tax regulations and primarily supports the Corporate Bank and Investment Bank divisions.
The function is structured into five key sub-processes :
1. Transactional Taxes - including Financial Transaction Tax (FTT), Withholding Taxes, and Stamp Duty.
2. Cost Basis - managing client tax lot allocations and market / client transfer statements.
3. Derivative Tax - covering tax implications on derivative instruments.
4. FATCA & CRS - ensuring compliance with U.S. and global tax transparency regulations.
5. Tax Reclaims - managing relief at source and post-payment reclaims
Tax Operations also oversees :
- Tax Due Diligence (TDD) - encompassing validation of tax documentation, client self-certification, and classification.
- Regulatory Reporting - including FATCA, CRS, Chapter 3 / 61, and other jurisdictional filings.
- Reconciliation and Payments - ensuring accurate tax application and alignment between Deutsche Bank systems and tax authorities.
- Audit and Risk Management - supporting internal and external audits, and maintaining robust control frameworks
- This role leads the India-based Tax Processing team, spread across Pune, Bangalore, and Jaipur, and is pivotal to the global delivery model. India accounts for 71% of the global Tax Operations headcount, with 97 out of 136 FTEs located in India.
What we'll offer you :
As part of our flexible scheme, here are just some of the benefits that you'll enjoyBest in class leave policyGender neutral parental leaves100% reimbursement under childcare assistance benefit (gender neutral)Sponsorship for Industry relevant certifications and educationEmployee Assistance Program for you and your family membersComprehensive Hospitalization Insurance for you and your dependentsAccident and Term life InsuranceComplementary Health screening for 35 yrs. and aboveYour key responsibilities :
Subject Matter Expertise : Act as a SME across operational tax processes including FATCA, CRS, Chapter 3 Reporting, Withholding Tax, Capital Gains Tax, Transaction Tax, Cost Basis, Stamp Tax, Tax Reclaims / Relief at Source, tax payments to authorities, and Tax Due Diligence (TDD) covering client classification, self-certification validation, and documentation review.Regulatory Awareness : Stay abreast of market and regulatory changes impacting tax operations; ensure timely communication and implementation of necessary changes.Risk & Controls : Monitor risk and control indicators, maintain robust mitigation processes, and escalate incidents to senior management promptly.Project Management : Lead initiatives to implement new regulatory requirements and technology-driven process enhancements.Stakeholder Engagement : Manage relationships with senior stakeholders across Business, Technology, Operations, Clients, Agent Banks, Risk, and Group Tax.Operational Oversight : Oversee tax processing activities across all sub-processes, ensuring timely and accurate execution.Team Leadership : Provide leadership to India Tax Ops and Tax Due Diligence teams, support issue resolution, and foster collaboration across locations.Client Service : Ensure timely and effective resolution of internal and external client queries.Process Optimization : Review and redesign processes for efficiency and cost savings; collaborate with tech teams to automate and streamline workflows.MIS & Reporting : Produce and present India Tax Operations MIS to senior management for strategic insights.Collaboration : Work closely with global operations teams to ensure tax processes align with regulatory expectations and internal standards.Support & Guidance : Assist teams with operational tax queries and ensure consistent execution across supported businesses.Your skills and experience :
Post Graduate with an excellent academic record and over 15 years of experience in the Banking and Finance industry.Prior experience or understanding of Custody and Asset Services is preferred.Deep technical knowledge of global tax regulations and operational tax processes.Strong understanding of regulatory trends and business banking products.Proven ability to manage competing priorities and deliver under pressure.Effective communicator with experience managing global stakeholder relationships in a matrixed environment.Demonstrated leadership in cross-functional teams with strong interpersonal and collaboration skills.Analytical mindset with strong problem-solving, judgment, and decision-making abilities.High attention to detail and a proactive approach to questioning and improving existing practices.Skilled in project management, regulatory implementation, and process optimization.Proficient in MS Office; adept at organizing, planning, and multitasking.Self-motivated, independent, and a committed team player.How we'll support you :
Training and development to help you excel in your careerCoaching and support from experts in your teamA culture of continuous learning to aid progressionA range of flexible benefits that you can tailor to suit your needs(ref : iimjobs.com)