At a Glance
- Tasks: Lead the tax function, ensuring compliance and strategic advice for the bank.
- Company: Join OSB Group, a forward-thinking bank committed to transformation 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 developing your career.
- 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.
About the team
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.
What you will be doing?
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.
What’s in it for you?
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
About us
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.
Do you have the skills?
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.
Next steps
If this sounds like you, please apply now! For internal applications please visit the internal careers page to apply.
Diversity, Equity & Inclusion
Not sure if you meet the spec? Let us decide. Research tells us that those from marginalised groups feel like they need to meet 100% of the criteria to apply. Here at OSB, we are committed to inclusivity and understand the value different experiences and perspectives can bring, so please don’t feel like you need to check every box to apply for a role internally. 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 Wolverhampton 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 Wolverhampton
✨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 them you’re not just another candidate; you’re genuinely interested in how you can contribute to their goals. Tailor your answers to reflect their values and objectives.
✨Tip Number 3
Practice your pitch! Be ready to explain your experience and how it aligns with the role of Head of Tax. Highlight your leadership skills and any successful projects you've led. Confidence is key, so rehearse until you feel comfortable.
✨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 take the initiative to engage directly with us. So, hit that apply button and let’s get the conversation started!
We think you need these skills to ace Head of Tax in Wolverhampton
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 Skills: As the Head of Tax, you'll be leading a team, so it's crucial to demonstrate your leadership capabilities. Share examples of how you've successfully managed teams or projects in the past – we love to see that!
Be Clear and Concise: When writing your application, keep it straightforward and to the point. We appreciate clarity, especially when it comes to complex tax matters. Make it easy for us to see why you’re the right fit for the role.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets to the right people. Plus, you’ll find all the info you need about the role and our fantastic benefits there!
How to prepare for a job interview at OneSavings Bank Plc
✨Know Your Tax Stuff
Make sure you brush up on the latest tax regulations and compliance requirements, especially those relevant to the banking sector. Being able to discuss recent changes and how they impact the bank's strategy will show that you're not just knowledgeable but also proactive.
✨Showcase Your Leadership Skills
As a Head of Tax, you'll need to demonstrate your leadership capabilities. Prepare examples of how you've successfully led teams or projects in the past, particularly in high-pressure environments. This will help convey your ability to manage the in-house tax function effectively.
✨Understand the Business
Familiarise yourself with the bank's commercial objectives and how the tax function aligns with them. Be ready to discuss how you can optimise tax positions while supporting business initiatives. This shows that you’re not just a tax expert, but also a strategic partner.
✨Prepare for Stakeholder Engagement
Since you'll be the primary contact with HMRC and other stakeholders, think about how you would approach these interactions. Prepare to discuss your experience in managing relationships and communicating complex tax issues clearly and effectively.