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For Companies At a Glance
- Tasks: Lead tax research strategy and monitor global custody markets.
- Company: Join BNY, a top global financial services company with a culture of innovation.
- Benefits: Enjoy competitive pay, flexible resources, and generous paid leave including volunteer time.
- Why this job: Make an impact in tax strategy while collaborating with experts in a supportive environment.
- Qualifications: Extensive tax experience in investment services and strong analytical skills required.
- Other info: Hybrid work model with 4 days in-office; diverse and inclusive workplace.
The predicted salary is between 43200 - 72000 £ per year.
Tax Vice-President – Tax Research
At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world’s financial system we touch nearly 20% of the world’s investible assets.Every day around the globe, our 50,000+ employees bring the power of their perspective to the table tocreate solutions with our clients that benefit businesses, communities and people everywhere.
We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what #LifeAtBNY is all about.
We’re seeking a future team member for the role of Vice President, Global Tax Technical Research, to join our Asset Servicing team. This role will be located in Manchester and is a Hybrid schedule (4 days per week in-office required).
Role
The Client Tax Group focuses on tax strategy, development and enhancement of tax services, tax risk management, market presence, client facing tax support and leveraging tax expertise across BNY globally. The key component for this role is custody tax knowledge with a strong background in tax research. This position will report to the manager of the Global Tax Technical Research and Direct Markets team. The candidate will take a lead role in the tax research strategy and tax monitoring of markets in the global custody network. The candidate will work closely with our Client Enterprise team (product managers) and other tax experts in the organization, including Corporate Tax and Tax Operations.
In this role, you’ll make an impact in the following ways:
- Monitors and analyses tax laws, rates, and compliance obligations resulting from global withholding tax, financial transaction taxes, and capital gains taxes, or procedural change in markets, ensuring that these are incorporated in the custody framework timely.
- Review and analysis of tax services to ensure BNY complies with relevant local tax requirements.
- Provide tax technical support to Asset Servicing and clients, focusing on global initiatives aimed at tackling tax evasion and tax avoidance (e.g. Common Reporting Standard (CRS) and DAC6).
- Informs BNY’s operational delivery teams of any withholding tax changes and works with the business to implement processes arising from tax change. Coordination with Corporate Tax as and when appropriate.
- Close collaboration/communication with BNY’s sub-custodian network and Network Management teams.
- Ensure market change is communicated in a concise, factual manner both internally/externally (drafting of client communications, memos).
- Participate in client meetings to deliver insights and review tax changes as required.
- Preparation of analysis to support discussions/meetings with tax authorities/governments as necessary to advocate workable solutions to tax relief models.
- Participate in relevant tax industry working groups meetings as necessary.
- Research, preparation of analysis and communication of key regulatory initiatives impacting investment services.
- Deliver training where necessary.
Qualifications
- Extensive tax experience in investment services (domestic and foreign withholding taxes, systems of global exchange of tax related information (FATCA, CRS, DAC6), financial transaction taxes, taxation of investment funds) obtained through experience gained at a custody bank, financial service provider, investment fund company or professional services firm.
- Possess a high-level understanding of the APAC and EMEA tax markets and their impact on non-resident funds (for example, investment, sovereign and pension funds).
- Custody Tax:
- Withholding Tax practices on securities (domestic and foreign withholding taxes, tax treaties, financial transaction/securities taxation, taxation of investment funds).
- European Court of Justice tax cases impacting securities (e.g., Fokus Bank case).
- Capital Gains tax treatment of securities.
- Team player able to work across multiple lines of business with excellent communication skills, both written and oral.
- Strong analytical skills and attention to detail.
- Proven ability to use electronic tax research engines.
- Ability to self-manage, prioritize and execute.
- Other languages capabilities are preferable but not critical.
At BNY, our culture speaks for itself. Here’s a few of our awards:
- America’s Most Innovative Companies, Fortune, 2024
- World’s Most Admired Companies, Fortune 2024
- Human Rights Campaign Foundation, Corporate Equality Index, 100% score, 2023-2024
- Best Places to Work for Disability Inclusion , Disability: IN – 100% score, 2023-2024
- “Most Just Companies”, Just Capital and CNBC, 2024
- Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024
- Bloomberg’s Gender Equality Index (GEI), 2023
Our Benefits and Rewards:
BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life’s journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.
BNY is an Equal Employment Opportunity/Affirmative Action Employer – Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.
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Tax Vice-President – Tax Research employer: BNY Mellon
Contact Detail:
BNY Mellon Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Tax Vice-President – Tax Research
✨Tip Number 1
Familiarise yourself with the latest developments in global tax laws, especially those related to withholding taxes and financial transaction taxes. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in a rapidly changing field.
✨Tip Number 2
Network with professionals in the tax research field, particularly those who have experience in custody banking or investment services. Attend industry events or webinars to connect with potential colleagues and gain insights into the role and company culture.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully navigated tax compliance challenges in previous roles. Highlight your analytical skills and ability to communicate complex tax issues clearly, as these are crucial for the position.
✨Tip Number 4
Research BNY's recent initiatives and awards in the tax sector. Being knowledgeable about the company's values and achievements will allow you to tailor your discussions during interviews and show that you're genuinely interested in being part of their team.
We think you need these skills to ace Tax Vice-President – Tax Research
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and qualifications for the Tax Vice-President position. Tailor your application to highlight your relevant experience in tax research and investment services.
Highlight Relevant Experience: In your CV and cover letter, emphasise your extensive tax experience, particularly in custody tax and global tax compliance. Use specific examples from your previous roles to demonstrate your expertise in areas like withholding taxes and financial transaction taxes.
Showcase Analytical Skills: Given the analytical nature of the role, include examples that showcase your strong analytical skills and attention to detail. Mention any experience with electronic tax research engines or participation in tax industry working groups.
Craft a Compelling Cover Letter: Your cover letter should not only express your interest in the role but also explain how your background aligns with BNY's goals. Discuss your ability to communicate complex tax information clearly and your experience in collaborating across teams.
How to prepare for a job interview at BNY Mellon
✨Showcase Your Tax Expertise
Make sure to highlight your extensive tax experience, especially in investment services. Be prepared to discuss specific examples of how you've navigated complex tax laws and compliance obligations, particularly in relation to global withholding taxes and financial transaction taxes.
✨Demonstrate Analytical Skills
Given the analytical nature of the role, be ready to showcase your strong analytical skills. Prepare to discuss how you've used data to inform tax strategies or decisions in previous roles, and consider bringing examples of your work with electronic tax research engines.
✨Communicate Clearly
Effective communication is key in this position. Practice articulating complex tax concepts in a clear and concise manner, as you may need to explain these to clients or internal teams. Consider preparing a brief presentation on a relevant tax topic to demonstrate your ability to communicate effectively.
✨Understand the Company Culture
Familiarise yourself with BNY's culture and values, especially their commitment to innovation and inclusivity. Be prepared to discuss how your personal values align with theirs and how you can contribute to their mission of making money work for the world.
