Manager, Tax Advisory Manager, Tax Advisory …

Standard Chartered Bank
in New York, NY, United States
Permanent, Full time
Last application, 27 May 20
Standard Chartered Bank
in New York, NY, United States
Permanent, Full time
Last application, 27 May 20
Manager, Tax Advisory
About Standard Chartered
We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East.

To us, good performance is about much more than turning a profit. It's about showing how you embody our valued behaviours - do the right thing, better together and never settle - as well as our brand promise, Here for good.

We're committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation. This in turn helps us to provide better support to our broad client base.

The Role Responsibilities
  • Product sign-off: conducting legal research to understand impact of new and existing tax legislation, liaising with Business and relevant stakeholders to understand drafting approval memoranda with requisite restrictions, and providing US tax sign-off on the trading of new products, and the renewal of existing products traded or offered by the bank.
  • Business support: Providing tax legal support to Business groups within the bank, identifying relevant tax issues, conducting necessary tax/legal research to address it, and engaging external counsel to provide specific tax advice.
  • Tax advisory projects: identifying tax issues that may have a tax impact on the bank, and conducting necessary legal research, drafting tax memoranda, engaging external legal counsel to vet or draft tax opinions, engaging relevant business units and stakeholders to outline nature of impact, and putting in place operational risk processes to demonstrate compliance.
  • Tax restructuring projects: identifying relevant restructuring opportunities, research and drafting memoranda, engaging external counsel to prepare tax restructuring opinions, and working with business units to implement restructuring proposals.
  • Coordinating with foreign tax counsel and reviewing tax exposures and responsibilities in Americas outside of the US.
  • Legal Agreements review and updates: Conducting detailed review of all legal agreements entered into between SCB NY and a counterparty, and drafting necessary updated language to provide adequate protection to SCB NY. (e.g., FATCA, 871(m) etc.).
  • Dissemination of statutory developments: monitoring tax and legal developments and reporting on their impact to members of the US Tax group, the Global tax group as well as Business and all other affected stakeholders;
  • External tax support: Providing tax technical support on US tax matters to SCB offices outside of the US and addressing US domestic and international tax enquiries from other offices.
  • Conducting tax technical educational sessions for relevant SCB functions.
  • Attending tax technical educational sessions and seminars organized by external advisors and industry bodies to keep abreast of tax legal developments.
  • Attending HR meetings to abreast of payroll tax developments.
People and Talent
  • Representing Tax team at all internal SCB product meetings, product forums and approval processes.
  • Representing Tax and setting forth SCB's tax position in all negotiations with counterparties and their legal counsel.
  • Represent SCB and engage in discussions with relevant industry groups.
  • Conduct training of staff where appropriate.
Risk Management
  • Serve as US Operational Risk Owner/RCO for Payroll related taxes.
  • Monitor for compliance with group tax policies and procedures (e.g., not providing client advice)
  • Give consideration to reputational and regulatory risk specific to the operational risk sub-type under remit of Tax Line Manager;
  • Execute second line Risk Ownership responsibilities as outlined under the Operational Risk Framework (ORF) and associated policies and procedures, which includes the following:
    • Ensure that required control standards are being met, by continuous monitoring of risk and control indicators.
    • Highlight and escalate (as required) where control standards are not being met, including highlighting control design deficiencies or gaps to Group Risk Owners.
    • Challenge and approve (where appropriate) first line risk identification, residual risk assessments and mitigation plan, taking into account changes to the internal and / or external environment
    • Review, challenge and support Risk Acceptance Requests request made by relevant Country Process Owner(s) for submission to the authorized risk acceptance authority.
    • Monitor 'live' risks, and jointly with first line owners, ensure that appropriate management action is being taken to mitigate their impact.
Regulatory & Business Conduct
  • Display exemplary conduct and live by the Group's Values and Code of Conduct.
  • Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.

Apply now to join the Bank for those with big career ambitions.

To view information on our benefits including our flexible working please visit our career pages .