Advisory Senior Manager - VAT Operations Advisory Senior Manager - VAT Operations …

Wells Fargo
in London, England, United Kingdom
Permanent, Full time
Be the first to apply
Wells Fargo
in London, England, United Kingdom
Permanent, Full time
Be the first to apply
Responsible for the management of all indirect tax governance in EMEA and supporting key stakeholders in relation to operational aspects of VAT ensuring that systems, processes and controls operate effectively and efficiently.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading global financial services company headquartered in San Francisco (United States). Wells Fargo has offices in over 30 countries and territories. Our business outside of the U.S. mostly focuses on providing banking services for large corporate, government and financial institution clients. We have worldwide expertise and services to help our customers improve earnings, manage risk, and develop opportunities in the global marketplace. Our global reach offers many opportunities for you to develop a career with Wells Fargo. Join our diverse and inclusive team where you will feel valued and inspired to contribute your unique skills and experience. We are looking for talented people who will put our customers at the center of everything we do. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Market Job Description

VAT Governance

  • Accountable to the Global Head of VAT Advisory in formulating and implementing a rolling assurance programme for all indirect taxes across EMEA, including ownership of the SAO VAT attestation process
  • Manage risk and control analysis for indirect tax processes and identify areas where controls can be enhanced
  • Manage reporting and remediation steps in relation to VAT operating risks, working with front, middle and back-office functions as required
  • Perform periodic reviews and updates of key control and process documentation
  • Develop and maintain a rigorous internal indirect tax risk review programme for the EMEA region
  • Develop Key Risk Indicators for indirect tax and report on a monthly basis together with a related action plan
  • Support internal and external audits

Operations Advisory

  • Provide VAT advice and recommendations into finance/ business systems development and lead the change programme from a VAT perspective
  • Identifying and implementing process improvements and efficiencies
  • Maintaining a documented process of reviews for all indirect tax returns
  • Maintain an ongoing VAT training programme for the region
  • Provide ad hoc support to other VAT team members where required
  • Develop and maintain effective relationships with stakeholders in Finance/ Controllers to support the appropriate reporting and forecasting of VAT recoveries
  • Review of appropriateness of VAT recovery methods in EMEA on an ongoing basis, evaluating alternatives and making recommendations as appropriate.
  • Preparation of management information for key VAT metrics

Market Skills and Certifications

Required Qualifications

  • ACA; CTA or relevant professional qualification with a strong track record in VAT operations/ compliance advisory experience
  • Excellent communication; relationship/ partnership and planning/ control skills
  • Experience in developing and managing process improvement and documentation projects
  • Effective organizational, multi-tasking, and stakeholder management skills

Desired Qualifications:

  • Financial sector experience
  • Tax governance experience
  • Strong attention to detail and accuracy skills
  • Ability to be flexible and adaptable to changing priorities and deadlines

We Value Diversity

At Wells Fargo, we believe in diversity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national or ethnic origin, age, disability, religion, sexual orientation, gender identity or any other status protected by applicable law. We comply with all applicable laws in every jurisdiction in which we operate.

Team members support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit’s risk appetite and all risk and compliance program requirements.