International Tax International Tax Analyst/Associate – Financial Resource Management

NBCCM is an indirect wholly owned subsidiary of National Bank of Canada (“NBC”). The main strategic purpose of NBCCM is to enable the NBC Group (“NBC Group,” meaning National Bank of Canada and all its subsidiaries) to grow and diversify its presence in Europe, Asia & MENA, while allowing for the natural development of its existing business relationships and the establishment of new ones in global markets.

NBC has over 150 years of history and is currently the sixth-largest Canadian bank. Through its branch and subsidiary network, NBC can service clients throughout North America, Europe, Asia & MENA. NBC’s strategy is to further develop NBCCM as its hub for trading and financial services in Europe.

We are looking for a highly analytical and proactive Analyst/Associate to join our Financial Resource Management team in London. This role sits at the heart of our Capital Markets activities, supporting the optimisation of structures and processes under capital, liquidity, regulatory and operational tax constraints.

A key focus of the role will be supporting senior experts on international and operational tax matters across multiple jurisdictions, including withholding tax, corporate actions, financial transaction taxes (FTT), stamp duties, capital gains taxes, tax reclaims and related tax documentation.

The successful candidate will work across international markets and engage with custodians, sub-custodians and other external partners to understand and manage tax requirements arising from cross-border Capital Markets activities.

About the Role

Join a high-impact team in Capital Markets where financial strategy meets innovation. As an Analyst or Associate in the Financial Resource Management team, you’ll play a key role in optimising Capital Markets structures and processes under capital, liquidity, regulatory and operational tax constraints.

A significant focus of the position will be international tax within a Capital Markets, securities and custody environment. You will support the team’s senior experts in analysing and optimising withholding tax processes related to dividends and corporate actions, financial transaction taxes, stamp duties and capital gains taxes.

You will also support tax reclaim activities, international tax documentation, reporting requirements and the assessment of tax requirements associated with operations across multiple jurisdictions and custodians.

You’ll work closely with Global Finance and Global Equity business lines, as well as Wealth Management areas when required. Collaboration with the Corporate Tax Advisory team, international offices, custodians, sub-custodians, triparty agents and other external partners will be central to your success.

What You’ll Do

• Map, assess and maintain international tax documentation requirements with the National Bank Group’s custodians, sub-custodians and triparty agents.
• Assess tax documentation and operational requirements and actively collaborate on the onboarding of new international jurisdictions and markets, including working with custodians, sub-custodians, triparty agents and, where applicable, within bilateral relationship arrangements.
• Support the assessment and optimisation of withholding tax processes, including those relating to dividends and corporate actions across different jurisdictions.
• Support tax reclaim activities and associated documentation requirements across international markets.
• Identify and help mitigate international and operational tax risks relating to withholding tax, financial transaction taxes (FTT), stamp duties, capital gains taxes and associated reporting obligations.
• Analyse tax requirements affecting cross-border securities and Capital Markets activities and support the implementation of appropriate operational processes.
• Monitor and assess developments in international tax requirements that may have an impact on Capital Markets activities, custody arrangements or operational processes.
• Act as a subject matter expert in international operational tax for the New Products and Activities team, Operations and selected business sectors.
• Collaborate with the Corporate Tax Advisory team and relevant international offices on tax-related matters and initiatives.
• Work closely with internal business lines and external partners to help ensure tax requirements are appropriately understood and incorporated into operational processes.
• Actively participate in business, tax and regulatory initiatives.

Your Team

The Financial Resource Management team partners closely with Capital Markets traders and Business Heads to advise on the optimal allocation of financial resources.

The team oversees business development and evaluates capital, liquidity, regulatory and tax operations processes for efficiency. It also leads critical regulatory projects impacting Capital Markets and, when needed, Wealth Management.

You will report to the Managing Director, Financial Resource Management.

The team values collaboration, agility and continuous improvement in a fast-paced and dynamic environment.

What You Bring

Must-Have Qualifications

• Bachelor’s or master’s degree in business, finance, accounting, tax or a related field.
• Relevant professional experience in international tax, operational tax, tax operations, custody or Capital Markets, with exposure to cross-border transactions and/or multiple jurisdictions.
• Knowledge or practical experience of international withholding tax, including associated tax documentation and/or tax reclaim processes.
• Experience within, or working alongside, custodians, sub-custodians, financial institutions or Capital Markets operations.
• Understanding of the operational implications of international tax requirements within financial markets.
• Strong analytical and problem-solving skills, with the ability to interpret and assess complex tax and operational requirements.
• Excellent interpersonal and communication skills, with the ability to build effective relationships across Financial Markets, Wealth Management, Tax, Operations and with external partners.
• Strong organisational skills and attention to detail.
• Self-starter with the ability to work independently and collaboratively in a fast-paced environment.

Nice-to-Have Qualifications

• Experience with international tax regimes relevant to securities, custody or Capital Markets, including withholding tax, financial transaction taxes, stamp duties and capital gains taxes.
• Experience supporting the onboarding of new countries, markets or jurisdictions from a tax and operational perspective.
• Experience with international tax reclaim processes and tax documentation.
• Experience dealing with custodians, sub-custodians, triparty agents or similar financial-market infrastructure providers.
• Experience with regulatory or tax reporting tools.
• Programming or data analysis skills, such as Python or SQL, or a willingness to learn.
• French language fluency.

What NBCCM Has to Offer

This position provides a competitive compensation package, including performance-based bonuses, along with meaningful opportunities for professional development.

NBCCM recognises that the culture of an organisation and the performance of its workforce are not mutually exclusive. Since our inception in 2013, NBCCM has worked tirelessly to ensure our cultural framework aligns not only with the Code of Conduct and Ethics of our parent company, NBC, but also with our own environmental and local values.

Promoting and supporting diversity in the workplace is an important aspect of good people management. It’s about valuing everyone in the organisation as an individual.

At NBCCM, we are committed to fostering an inclusive workplace and supporting the wellbeing and engagement of our employees. There are no silos in our teams, and management strives to add value to our organisation through collaboration, employee development and engagement.

NBCCM takes pride in its diverse workforce, employing and developing professionals from around the world.

Working at NBCCM can take different forms and is built around the relationship of trust between the employer and its employees.

We're putting people first.

We're a bank on a human scale that stands out for its courage, entrepreneurial culture and passion for people. Our mission is to have a positive impact on people’s lives.

We want our recruitment process to be fully accessible. If you require accommodation, please feel free to let us know during your first conversations with us.

All data received from applicants is subject to GDPR and Data Protection requirements.

#J-18808-Ljbffr