To execute tax processes and services to various stakeholders within a dedicated portfolio to minimise tax risks. Provide advisory services on tax aspects to ensure that the area is undertaken in a compliant manner to avoid operational losses, fines, penalties or reputational damage to the organisation and enable the competitive advantage of the organisation.
- Analyse the operational activities within the tax portfolio to identify compliance risks and therefore ensure adherence to the relevant Regulatory & Standard Bank Group compliance frameworks and standards.
- Complete and contribute to tax reports as required by various governance structures, committees and regulations, particularly regarding the compliance performance of the business. Complete and maintain the Tax Regulatory Universe to effectively enable the organisations’ adherence to the required legislative requirements.
- Report all material tax issues, using the established escalation and reporting mechanisms and processes to ensure these issues are resolved swiftly and therefore minimising the impact of any financial or reputational damages.
- Provide appropriate management information from a tax compliance perspective in respect of the business area services. Develop, track and report on the progress of the compliance monitoring plan for a specific Tax area in order to identify significant compliance breaches, exposures and potential areas of improvement.
- Provide training to Business, Finance and other stakeholders on tax technical matters affecting the business area.
Qualifications
- First Degree in Finance and Accounting from a recognised Institution
- 5-7 years experience in Banking and Financial Services. Experience with a variety of tax operations and ability to drive process improvements
- Good understanding of the entire Finance value chain but specialist experience in Tax.
- Accounting systems knowledge – SAP and Finacle IT systems would be required. Ability to utilise project management and accounting best practices to organise and prioritise tasks and the tasks of other tax team members
- Sound knowledge of the relevant regulatory requirements and upcoming developments applicable to a specific tax portfolio as well as a solid understanding of banking products and activities.
Additional Information
Technical Competencies:
- Continuous Process Improvement
- Financial Acumen
- Financial and Accounting Control
- Financial Management (Financial)
- Tax Management
Behavioural Competencies:
- Adopting Practical Approaches
- Checking Things
- Developing Expertise
- Documenting Facts
- Empowering Individuals
- Establishing Rapport
