At a Glance
- Tasks: Lead the tax function, ensuring compliance and strategic advice for the bank.
- Company: Join OSB Group, a forward-thinking bank focused on community and employee well-being.
- Benefits: Competitive salary, bonus potential, car allowance, and hybrid working options.
- Why this job: Make a real impact in a dynamic banking environment while shaping tax strategy.
- Qualifications: Post-qualification experience in tax and leadership capability required.
- Other info: Diversity and inclusion are at our core; we welcome unique perspectives.
The predicted salary is between 100000 - 124000 £ per year.
The Tax team ensures the bank meets all its tax obligations accurately and on time, while supporting the business with expert advice on the tax implications of products, transactions, and strategic decisions. The team manages tax reporting and compliance across multiple entities, monitors regulatory change, and works closely with Finance, Legal, and the wider business to manage tax risk and optimise outcomes in line with the bank's commercial objectives and regulatory requirements.
The role can be based in either Chatham or Wolverhampton and will require occasional travel between the Group's Chatham, London and Wolverhampton offices.
The key purpose of this role is to lead the Group's in-house tax function and for the development, implementation and oversight of the Group's tax strategy, governance framework and tax compliance obligations. The role ensures the timely and accurate submission of all tax returns, maintains effective tax risk management and control frameworks, and acts as the Group's principal interface with HMRC and other external stakeholders. The Head of Tax provides strategic, pragmatic tax advice to senior management and supports the Group's commercial objectives within a highly regulated banking environment.
Your responsibilities will also include:
- Leading and developing the Group's in-house tax function, acting as the primary internal authority on all tax matters.
- Owning the Group's Tax Strategy, ensuring annual review, Board approval and publication in line with legislative requirements.
- Overall responsibility for the preparation, review and submission of the Group's UK Corporation Tax returns.
- Acting as the Group's primary point of contact with HMRC across all taxes.
- Providing tax analysis and advice on commercial transactions, business initiatives and strategic projects.
- Identifying opportunities to optimise the Group's tax position within its stated tax strategy and risk appetite.
- Monitoring and analysing actual tax charges against forecast, ensuring variances are understood and reflected in future planning.
We offer a competitive base salary from £112,000 dependent on experience and benefits package including:
- Discretionary annual bonus opportunity of up to 40%
- Car allowance of £7,500
- Long term incentive plan potential
- Enhanced family-focused benefits
- Hybrid-working
At OSB Group, we understand how much our people bring to our organisation, which is why we try our best to give back too! Our Purpose is to help our customers, colleagues and communities prosper and we are on a transformation journey to become 'the bank of the future'. Our commitment to professional development, flexible working, and employee well-being fosters a dynamic and supportive workplace.
We are looking for talented individuals who have the experience and skills set out below:
- Post-qualification experience in tax, gained within a leading professional services firm and/or a senior in-house role is essential
- Experience operating at a senior level, with accountability for tax strategy, governance and compliance is essential
- Experience within financial services or another highly regulated environment is strongly preferred
- Leadership capability is essential.
- Recognised Tax and Accountancy Qualification (e.g. CTA, ACA) is essential.
If this sounds like you, please apply now!
We champion diversity at all levels, with Board-level Diversity Champions tracking our progress. We are proud to be signed up to the Women in Finance Charter to actively support the growth and development of senior women in our sector and are dedicated to treating all our employees and job applicants equally, opposed to discrimination on any grounds.
Head of Tax in London employer: OneSavings Bank Plc
Contact Detail:
OneSavings Bank Plc Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Tax in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and tax sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company’s tax strategy and recent developments in tax regulations. Show us that you’re not just another candidate; demonstrate your knowledge and how you can contribute to their goals. Tailor your responses to highlight your leadership experience and strategic thinking.
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or mentors. Focus on articulating your experience in tax compliance and governance clearly. This will help you feel more confident and articulate during the real deal.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who are proactive about their job search. So, hit that apply button and let’s get the conversation started!
We think you need these skills to ace Head of Tax in London
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter to highlight your experience in tax strategy and compliance. We want to see how your skills align with our needs, so don’t hold back on showcasing your relevant achievements!
Showcase Leadership Experience: Since this role is all about leading the tax function, be sure to emphasise any leadership roles you've held. We’re keen to know how you’ve developed teams or managed projects in a senior capacity.
Be Clear and Concise: When writing your application, keep it straightforward and to the point. We appreciate clarity, so avoid jargon and make sure your key points stand out. This will help us understand your qualifications quickly!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, you can explore more about our fantastic benefits while you’re there!
How to prepare for a job interview at OneSavings Bank Plc
✨Know Your Tax Strategy Inside Out
Before the interview, make sure you thoroughly understand the Group's tax strategy and how it aligns with their commercial objectives. Be prepared to discuss how your experience can enhance their governance framework and compliance obligations.
✨Showcase Your Leadership Skills
As a Head of Tax, leadership is key. Prepare examples that demonstrate your ability to lead a team effectively, manage tax risk, and provide strategic advice. Highlight any past experiences where you've successfully developed and implemented tax strategies.
✨Understand Regulatory Changes
Stay updated on recent regulatory changes in the financial services sector. Be ready to discuss how these changes could impact the bank's tax position and what proactive measures you would recommend to mitigate risks.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving skills in real-world tax situations. Think about past challenges you've faced and how you navigated them, especially in a highly regulated environment like banking.