Job Detail

GPB Tax Specialist : 0000FP8W 

Description

 

Some careers open more doors than others.

If you’re looking for a career where you will be respected as an individual and valued for the contributions you make, join HSBC and discover how diversity drives our success. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

Global Finance is integral to HSBC’s purpose and strategy, playing a valued role in managing costs and deploying capital in the most effective way. Our global team of finance professionals partner with the business to provide trusted insights and forward looking analysis; accuracy; efficiency and control to frame and influence business decisions.

We are currently seeking an ambitious individual to join our Global Finance team, working together with colleagues to define, manage and achieve divisional business targets.

Under the direction of the GPB Head of Tax and in line with Group policy and best practice, to advise upon and monitor, of the necessary procedures and processes regarding the identification, tax treatment and reporting of clients: Swiss taxes Swiss Stamp Tax (SST), Swiss Withholding tax, Additional withholding taxes, tax refund. International tax regimes Qualified Intermediary Agreement (Q.I.A), the Foreign Account Tax Compliant Act (FATCA), the Common Reporting Standard, EU DAC6 / OECD MDR. Internal policies Client Tax Transparency

The jobholder will be required to gain and leverage a good understanding of cross departmental procedures and to engage as a risk steward and 2nd line of defense with key stakeholders in this process. Specifically, the job holder is to:

In this role, you will:

• Monitor local and international tax regimes and developments impacting GPB entities


• Perform periodic reviews of procedures and business activities to ensure effective implementation of tax regulations, assess the risk and identify areas for improvement


• Build and maintain relationships with other departments and management to communicate priorities in this area based on review and changing regulatory environments


• Collaborate with other tax teams within the wider WPB business line as well as across the group


• Provide technical advice, related training and support on tax regimes to business and functions alike


• Create internal procedures related to these international and Swiss tax regimes


• Perform a supervision role over Client Life Cycle Management teams responsibilities.


• Ensure guidance are properly understood and implemented by providing training sessions and Q.A checks


• Monitor developments on above listed areas and support with their implementation


• As a main contact point, implement a robust support process with regard to any fiscal matter relevant to GPB to ensure optimal service to clients


• Support external clients tax related queries though meetings via conference calls or face to face visits


• Supervise preparation of external and internal Audit. Ensure a proper follow up on findings and recommendations

Impact on the Business

• To advise on Regulatory International and Swiss Tax regimes, internal audit remediation processes, identifying and highlighting missing, incomplete or incorrect tax treatment and to ensure adequate follow-up on audit recommendation Implementation


• To ensure that the GPB's products/services are delivered to customers in a tax efficient and compliant manner having regard to Regulatory and International Tax regimes


• Work closely with the GPB Head of Tax, ensure dissemination and sharing of best practices specifically on Regulatory and International Tax regimes issues 


• To ensure that GPB are aware of, withholding and reporting obligation regarding the US and non-US taxation treatment of customer's US and Non-US income, that systems in place are compliant and fully conversant with the Group Agreements with the IRS and others fiscal authorities

Customers / Stakeholders

• To support front office and functions regarding the operational and transactional taxation treatment of client income under Regulatory and International Tax regimes (applicable rules, IRS form preparation, treaty relief, reporting obligations)


• To assist with the update/preparation of written guides, forms and other relevant instructions on Regulatory and International Tax regimes


• Participate in providing communication on GPB Tax team and deliver a training program to front and back office teams


• Collaborate with the wider WPB team to demonstrate delivery of effective risk stewardship and ensure Risk Management Framework is embedded

Leadership & Teamwork

• To support business and other functions on Regulatory and International Tax regimes matters and provide guidance on negotiations with internal and external stakeholders


• To develop a clear understanding of business needs and expectations and to engage fully with decision makers at the earliest stage possible


• To manage the process of the Regulatory and International Tax regimes audit exercise with GPB Tax team members and monitor completion of the audit process by Documentation Control department;


• Be able to act as back-up for other members of the Tax team

Major challenges

• The jobholder must act proactively to ensure accuracy, completeness and the effectiveness QI, FATCA, SST, TTC operational taxes compliance (withholding and/or reporting) and Automatic Exchange of Information (OCDE Standard / CRS). The challenge for the job holder will be to support the risk management framework, ensure risks are clearly understood and that there is a program in place to periodically stress test effectiveness. This will require the interpretation and practical application of highly technical QI, FATCA, SST, CRS, DAC6/MDR legislations and future digitalization of the tax function. 


• The jobholder will also need to obtain and maintain a good level of knowledge of key taxes legislations, both local and foreign, including double taxation agreements, as well as understanding the business and banking products in general and the interaction of businesses and business lines across the group and identifying tax components impacting on same topics.

 

Qualifications

 

To be successful in the role, you should meet the following requirements:

• University, Business or commercial school qualification.


• Experience in dealing with international tax reporting regimes (such as QI, FATCA, CRS) as well as other operational taxes


• Good understanding of the Private Banking business and type of clients including tax rules and structures


• Flexible, curious and collaborative mindset to contribute to the tax digitalization journey


• Must be solution-orientated and able to work independently under pressure


• Analytical and problem solving skills


• Proficient in common office software (Word, Excel, or similar)


• Fluency in English and French - other languages could be an advantage


• Due to immigration restrictions in Switzerland we will only be able to consider applications from Swiss or EU citizens or from candidates holding a valid Swiss work permit.

At HSBC we put great emphasis on our values. Our values define who we are as an organisation and what makes us distinctive.

We are:
Dependable - we are dependable, stand firm for what is right and deliver on our commitments
Open - we are open to different ideas and cultures, and value diverse perspectives
Connected - we are connected to our customers, communities, regulators and each other, caring about individuals and their progress

These values reflect the best aspects of our 150-year heritage. They are vital to fulfilling our purpose of helping businesses to thrive, economies to prosper and ultimately helping people to fulfil their hopes and realise their ambitions.

You’ll achieve more when you join HSBC.   

We are an equal opportunity employer and are committed to creating a diverse environment.

As a business operating in markets all around the world, we believe diversity brings benefits for our customers, our business and our people. This is why HSBC is committed to being an inclusive employer and encourages applications from all suitably qualified applicants irrespective of background, circumstances, age, disability, gender identity, ethnicity, religion or belief and sexual orientation.

We want everyone to be able to fulfil their potential which is why we provide a range of flexible working arrangements and family friendly policies.

HSBC is a signatory company of the Advance Charter. This Charter is a commitment towards gender equality in business and hence a workplace environment that supports a fair and balanced approach to hiring, remunerating, promoting and retaining female talent.

Within HSBC in Switzerland all internal candidates from Group and external applicants are required (subject to local laws), to pass satisfactorily a series of additional checks both as part of the application process and, if successfully recruited into the role. The Group reserves its position with regard to any steps which it may take in relation to any material adverse findings which arise either when the checks are first carried out as part of this recruitment exercise, and/or if relevant, on an ongoing basis.

To discover more about HSBC, please check our website: www.hsbc.com/about-hsbc
 

 

Job Field

 : Finance

Primary Location

 : Europe-Switzerland-Geneva-Geneva

Schedule

 : Full-time 

Shift

 : Day JobType of Vacancy : Country vacancy

Job Posting

 : 04-Jun-2021, 11:07:21 

Unposting Date

 : Ongoing