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- Tasks: Provide tax advice and support for banking transactions, ensuring compliance and efficiency.
- Company: Join a leading European banking group with a strong in-house tax team.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Collaborate with diverse teams and enjoy excellent career growth opportunities.
- Why this job: Make a real impact in the banking sector while advancing your tax expertise.
- Qualifications: Must be ACA/CTA qualified with extensive experience in UK Corporation Tax and banking.
The predicted salary is between 70000 - 90000 £ per year.
This is a fantastic opportunity for a Senior Tax Manager to join the in-house tax team of a leading European banking group. The role will focus on transactional tax support and international tax aspects (in particular, transfer pricing). The candidate must have an excellent understanding of financial products. Experience of Bank Levy is highly desirable. Knowledge of VAT is preferable, though not necessary. The candidate must be CTA and/or ACA qualified and have extensive relevant CT experience in the tax function of a bank and preferably one of the larger accounting firms.
The main tasks are:
- Advisory & Transactional Support: Provide tax advice (including commentaries where necessary) on lending transactions to ensure tax efficiency and conformity to the Code of Practice on Taxation for Banks.
- New Activities & Products (NAP): Evaluate tax technical and reputational risks for new products, clients, and business transactions.
- Risk Mitigation: Ensure compliance with UK tax law and guidance, and internal tax policies.
- Documentation & Training: Draft tax guidance for business teams and provide updates on changes in tax law and/or guidance.
- Transfer Pricing (TP): In conjunction with Head Office tax team, review, maintain and originate transfer pricing documentation; work with external provider to ensure production of robust local TP file; review execution of TP policies across the UK business in collaboration with wider Finance team.
- Bank Levy: Prepare bank levy calculation for the UK branch; collaborate with other finance functions within the UK group to compile the group bank levy calculation.
- Other: Provide ad hoc tax advice regarding other CT matters (including project work) as may arise from time to time.
The ideal candidate will be ACA/CTA qualified (or equivalent) and have an excellent technical grounding in UK Corporation Tax. In addition, they will need to demonstrate experience specific to the banking sector, e.g., knowledge of banking products & services and associated tax treatments and implications. They will have international tax experience, including transfer pricing, and analysing and interpreting double tax treaties, BEPs, Pillar II, AEOI. They must be a confident and competent communicator with the ability to manage a wide range of stakeholders.
Senior Tax Manager, Banking *In-House* in London employer: Morgan McKinley
Contact Detail:
Morgan McKinley Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Tax Manager, Banking *In-House* in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the banking and tax sectors. Attend industry events or webinars to meet potential employers and get your name out there. Remember, it’s all about who you know!
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of financial products and current tax regulations. Be ready to discuss how your experience aligns with the role's focus on transactional tax support and transfer pricing. Show them you’re the expert they need!
✨Tip Number 3
Don’t just apply anywhere; apply through our website! We’ve got a streamlined process that makes it easy for you to showcase your skills and experience directly to us. Plus, it shows you’re genuinely interested in joining our team.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can go a long way in keeping you top of mind. Use this opportunity to reiterate your enthusiasm for the role and highlight any key points from your conversation that demonstrate your fit.
We think you need these skills to ace Senior Tax Manager, Banking *In-House* in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to highlight your experience in tax management, especially in the banking sector. We want to see how your skills align with the role, so don’t be shy about showcasing your CTA/ACA qualifications and relevant CT experience.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for our in-house tax team. Mention specific experiences that relate to transactional tax support and transfer pricing, as these are key aspects of the role.
Showcase Your Communication Skills: As a Senior Tax Manager, you'll need to communicate effectively with various stakeholders. In your application, highlight instances where you've successfully managed relationships or provided training on tax matters. We love seeing strong communicators!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you don’t miss out on any important updates. Plus, it’s super easy!
How to prepare for a job interview at Morgan McKinley
✨Know Your Tax Stuff
Make sure you brush up on your knowledge of UK Corporation Tax, transfer pricing, and the Bank Levy. Be ready to discuss how these areas relate to the banking sector and provide examples from your past experience that showcase your expertise.
✨Showcase Your Advisory Skills
Prepare to talk about specific lending transactions you've worked on. Highlight how you provided tax advice and ensured compliance with tax laws. Use real-life scenarios to demonstrate your ability to mitigate risks and enhance tax efficiency.
✨Understand the Bigger Picture
Familiarise yourself with the Code of Practice on Taxation for Banks and how it impacts the role. Be prepared to discuss how you would evaluate tax technical and reputational risks for new products and clients, showing that you can think strategically.
✨Communicate Confidently
As a Senior Tax Manager, you'll need to manage various stakeholders. Practice articulating complex tax concepts in a clear and concise manner. Think about how you can convey your ideas effectively, especially when discussing tax guidance and updates with business teams.