Director, Indirect Tax, UK & Europe

Job Summary

Standard Chartered UK is seeking a talented Director of Indirect Tax . This role involves leading the indirect tax efforts for the UK and Europe, managing indirect taxes for Standard Chartered Bank and its group. You will partner with the business, provide insightful advice, and play a key role in implementing projects and tax initiatives. This is a great opportunity to make a significant impact!

Key Responsibilities

Strategy

• Implement key UK indirect tax initiatives and reclaims.
• Assist the Global Tax team’s transition to the Tax Target Operating Model (TOM) for compliance, aiming for in-house management by our Centre of Excellence (CoE) and global advisors. This is vital for evolving into a best-in-class tax function.
• Identify and advise on indirect tax matters that benefit the Tax function or SCB’s business, aligned with risk management policies.

Business

• Advise on indirect tax implications of UK and European transactions and manage post-implementation issues, including projects, reorganisations, and new offerings.
• Provide timely indirect tax advice to SCB\’s business functions, ensuring appropriate risk management for all transactions, including new projects and products.
• Manage SCB’s relationship with HMRC and external advisors, reviewing positions to ensure optimal outcomes aligned with our policies.
• Collaborate with the Head of Tax and other managers to identify and execute tax initiatives.
• Represent SCB in local industry groups like UK Finance.

Processes

• Manage relationships with CoE, Finance, and external advisors to ensure timely indirect tax filings, payments, and refunds in the UK and Europe.
• Assist in developing systems and processes impacting indirect tax to manage and share knowledge, working with advisors and tech teams to innovate and streamline the indirect tax function.

People & Talent

• Lead one direct report, guiding on indirect tax and management.
• Enhance team’s indirect tax and soft skills.

Risk Management

• Identify risks to SCB’s indirect tax position in the UK and Europe, and escalate key tax risks to the Head of Tax.
• Manage relationships with regulatory bodies like HMRC on indirect tax matters.
• Develop indirect tax risk management controls per policies for the UK and Europe.
• Implement changes from new laws and guidance in the UK and Europe.

Governance

• Ensure timely, complete, and accurate filing of all indirect tax returns in the UK with the CoE team.
• Oversee deliverables from the CoE team and external advisors for compliance with tax policies.

Regulatory & Business Conduct

• Exemplify the Group’s Values and Code of Conduct.
• Uphold high ethical standards and compliance with laws, regulations, and the Group Code.
• Identify, escalate, mitigate, and resolve risk and compliance issues collaboratively.
• Join the UK Country Tax team to achieve the Bank’s Conduct Principles: Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.
• Support the Head of Tax, UK & Europe, in maintaining a strong relationship with HMRC regarding UK indirect taxes.

Key Stakeholders

• Head of Tax, UK & Europe
• CoE team in Chennai, India
• Cluster RTMs and CTMs in Europe and other regions
• Business Tax and Global Transfer Pricing teams
• UK Finance team
• HMRC and regional tax authorities
• Business teams in CIB, WRB, and SC Ventures in the UK and Europe

Skills and Experience

• At least 7 years of experience in financial services with a focus on indirect tax .
• A preference for ATT, ACA, CTA, or equivalent credentials.
• Membership in the Institute of Chartered Accountants of England and Wales (ICAA) or the Chartered Institute of Taxation (CIOT) is preferred.
• Proficient in English.
• Tax Management Expertise.
• Tax Operations Competence.
• Ability to Influence Through Expertise.
• Proficiency in Big Data Management and Analytics.
• Strong Business Acumen.

About Standard Chartered

We’re an international bank, nimble enough to act, big enough for impact. For over 170 years, we’ve worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge, and enjoy finding new opportunities to grow and do better than before. If you’re looking for a purposeful career and want to work for a bank making a difference, we want to hear from you. We celebrate your talents and look forward to what you can bring.

Our purpose, to drive commerce and prosperity through our diversity, and our brand promise, to be here for good, are achieved by how we live our values. When you work with us, you\’ll see how we value difference and inclusion.

Together, we:

• Do the right thing — act with integrity, challenge one another, and put the client first.
• Never settle — strive to improve and innovate, keep things simple, and learn from experience.
• Are better together — be inclusive, see the good in others, and work collectively for long-term success.

What we offer

In line with our Fair Pay Charter, we offer a competitive salary and benefits supporting your wellbeing.

• Core funding for retirement, medical, and life insurance, with flexible benefits.
• Time-off including annual leave, parental/maternity leave (20 weeks), sabbatical (up to 12 months), and volunteering leave (3 days). Minimum total of 30 days annual and public holidays.
• Flexible working options based on location and pattern.
• Proactive wellbeing support via Unmind, development courses, Employee Assistance Programme, and self-help tools.
• Continuous learning opportunities for reskilling and upskilling.
• An inclusive organization that values diversity and respects all employees.

#J-18808-Ljbffr