Assistant Manager - US Tax Operations

About BNP Paribas India Solutions :

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, European Union's leading bank with an international reach. With delivery centers located in Bengaluru, Chennai and Mumbai, we are a 24x7 global delivery center. India Solutions services three business lines : Corporate and Institutional Banking, Investment Solutions and Retail Banking for BNP Paribas across the Group. Driving innovation and growth, we are harnessing the potential of over 10000 employees, to provide support and develop best-in-class solutions.

About BNP Paribas Group :

BNP Paribas is the European Union's leading bank and key player in international banking. It operates in 65 countries and has nearly 185,000 employees, including more than 145,000 in Europe. The Group has key positions in its three main fields of activity : Commercial, Personal Banking & Services for the Group's commercial & personal banking and several specialised businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment, and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets : Belgium, France, Italy, and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Turkey, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group's performance and stability

Commitment to Diversity and Inclusion

At BNP Paribas, we passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued, respected and can bring their authentic selves to work. We prohibit Discrimination and Harassment of any kind and our policies promote equal employment opportunity for all employees and applicants, irrespective of, but not limited to their gender, gender identity, sex, sexual orientation, ethnicity, race, colour, national origin, age, religion, social status, mental or physical disabilities, veteran status etc. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in.

About Business line / Function :

Market Operations is mandated to provide end-to-end processing within CIB ITO Global Markets. GMO's teams are focused on cross business standardization to improve efficiency of ITO services, while keeping operational risk under control.

The team is primarily responsible for carrying out following activities :

Provide best in class service to the institutional and corporate clients of the Bank

Process settlements, Collateral management, Treasury, payments, corporate actions and Operational tax activities for transactions initiated by CIB GM business.

Provide support across regions (APAC, EMEA and AMER) and products (Bonds, Equities, Complex Securities, ETF, SLAB, Repo etc.)

Tax Operations sits within the Transversal Lifecycle teams under GMO and provides support to Operational taxes in the bank like Withholding Tax, Transaction Tax, IRS regulations information reporting etc.

Position Purpose

The incumbent in this role will be a part of Tax Operations covering Global regions supporting the Global Market Operations businesses. More specifically the incumbent is expected to have knowledge around and work on the below aspects :

1. Stamp Duty Reserve Taxes : Processes around Stamp tax per market rules and any relevant exemptions and exception management for calculation / application / payment etc.

2. Financial Transaction Taxes : Processes around payment and / or reporting per specific market rules; relevant exemptions, documentation and exception management

3. Transaction taxes like Stamp duty, Sales Tax, Capital Gains Tax and / or other local market taxes across regions

4. Withholding Tax : Key tasks involved are Tax Reclaims support, Tax vouchers, certifications, documentation lifecycle management etc.

Responsibilities

Key Responsibilities of the incumbent are :

Partnering with Ops, Technology, Business and other key stakeholders in defining and implementing the Target Operating Model.

Ensuring compliance and adherence to Regulatory tax requirements across the Tax processes.

Proactive identification and reconciliation of Instrument static with market data, ensuring correct tax static data is in place in the relevant systems.

Weekly & monthly Management Reporting of Key metrics, market changes and Forward looking risks.

Robust control environment across functions :

Timely resolution and reporting of breaks / exceptions

Proactive identification of issues

Proactive escalations, open communication

Align self to organization objectives and participate in various initiatives to meet the defined targets

Contributing Responsibilities

Identification and participation in process design workshops to achieve better controls, compliance and efficiency

Review of Tax Operations policies and procedures supporting various business lines, performance of gap analysis, and drafting of business remediation plans

Support of technology and system migration projects for workflow enhancements and support for new regulatory requirements

Contribution towards departmental obligations to adhere to strict regulatory and compliance requirements and BNP Paribas policy

Technical & Behavioral Competencies

Candidates are measured on the following four performance drivers, which will dictate how individual impact is considered :

Results and Impact

Exercise appropriate autonomy in the execution and delivery of work.

Creates trust with colleagues.

Client, Customer and Stakeholder Focus :

Able to build relationships with a mix of colleagues and clients.

Compliance Culture and Conduct :

Takes full responsibility for personal actions and demonstrates courage in facing problems and conflicts.

Perceived as a person of high moral character; upholds corporate values and displays high ethical standards

Minimum Required Qualifications :

• Bachelor's degree in accounting, Finance, Business or similar

Minimum of 4-5 years' industry experience and 3+ years' experience in Operational Taxes

Experience and familiarity with global markets and comprehension of key tax rules and concepts e.g. Transaction Taxes, Withholding Taxes etc.

Strong familiarity with respect to tax accounting rules and regulations

Control oriented mindset with respect to management of daily BAU

Innovative and adept at assessing opportunities for process improvements and automation

Strong communication (verbal and written)

Solutions-oriented thinker who is able to generate creative ideas

Data analytical skills