VP - Tax

Job Description

Purpose of the role

To provide both corporate and indirect advisory and compliance tax services to   business areas in a specific jurisdiction(s).  

Accountabilities

• Management of tax risks arising from the bank's business activities, investments, and financial transactions and development of tax risk management strategies to mitigate potential tax liabilities and protect the bank's financial interests and reputation.
• Analysis of complex tax issues to support tax planning strategies, compliance matters, and risk management initiatives.
• Liaising, with tax authorities and resolving legacy tax risks.
• Identification and assessment of potential tax risks associated with complex transactions (including potential mergers, acquisitions, and restructuring) and development and implementation of tax risk mitigation strategies to minimise the potential impact.
• Stakeholder management to ensure that tax requirements and the associated risks are understood and appropriately managed, including reputational risks with tax authorities and external stakeholders.
• Analysis of relevant developments in tax law to ensure the impact on Barclays is understood and appropriately managed.
• Preparation or review of relevant tax returns in accordance with applicable tax law and agreeing compliance positions with the tax authorities.
• Preparation or review of tax accounting calculations and disclosures in accordance with applicable accounting standards for group forecasting, reporting and stress testing.
• Design and operation of tax process controls to ensure tax risk is appropriately managed and tax treatments can be supported.

Vice President Expectations

• To contribute or set strategy, drive requirements and make recommendations for change. Plan resources, budgets, and policies; manage and maintain policies/ processes; deliver continuous improvements and escalate breaches of policies/procedures..
• If managing a team, they define jobs and responsibilities, planning for the department’s future needs and operations, counselling employees on performance and contributing to employee pay decisions/changes. They may also lead a number of specialists to influence the operations of a department, in alignment with strategic as well as tactical priorities, while balancing short and long term goals and ensuring that budgets and schedules meet corporate requirements..
• If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviours are: L – Listen and be authentic, E – Energise and inspire, A – Align across the enterprise, D – Develop others..
• OR for an individual contributor, they will be a subject matter expert within own discipline and will guide technical direction. They will lead collaborative, multi-year assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will train, guide and coach less experienced specialists and provide information affecting long term profits, organisational risks and strategic decisions..
• Advise key stakeholders, including functional leadership teams and senior management on functional and cross functional areas of impact and alignment.
• Manage and mitigate risks through assessment, in support of the control and governance agenda.
• Demonstrate leadership and accountability for managing risk and strengthening controls in relation to the work your team does.
• Demonstrate comprehensive understanding of the organisation functions to contribute to achieving the goals of the business.
• Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategies.
• Create solutions based on sophisticated analytical thought comparing and selecting complex alternatives. In-depth analysis with interpretative thinking will be required to define problems and develop innovative solutions.
• Adopt and include the outcomes of extensive research in problem solving processes.
• Seek out, build and maintain trusting relationships and partnerships with internal and external stakeholders in order to accomplish key business objectives, using influencing and negotiating skills to achieve outcomes.

All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship – our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset – to Empower, Challenge and Drive – the operating manual for how we behave.

Embark on an exciting leadership opportunity with Barclays as Vice President, Tax, based in Singapore. In this pivotal regional role, you will oversee tax governance, risk management, compliance, and advisory activities across Singapore, Hong Kong, Australia, and Taiwan, ensuring the organization maintains the highest standards of tax integrity and regulatory compliance. As a trusted tax advisor, you will be responsible for identifying, assessing, and mitigating tax risks arising from business operations, investment activities, and complex financial transactions. You will develop and implement effective tax risk management strategies, provide expert guidance on intricate tax matters, and support business leaders in making informed decisions that align with both commercial objectives and regulatory requirements.

To be successful as a Vice President Tax, you should have experience with:

• Lead the management of tax risks arising from Barclays' business activities, investments, products, transactions and legal entity structures across Singapore, Taiwan, China and Australia, developing effective tax risk mitigation strategies to protect the firm's financial interests and reputation.

• Provide proactive, commercially focused tax advisory support to Institutional Financial Services and Private Banking businesses on a broad range of banking, capital markets, financing, treasury, securities, derivatives, custody, clearing, and investment activities.

• Analyse complex tax issues, transactions, and regulatory developments to support business decisions, tax planning, compliance requirements, restructurings, acquisitions, funding arrangements, booking models, and new product initiatives.

• Advise on direct, indirect, and international tax matters, including corporate income tax, withholding tax, GST/VAT/business tax, transfer pricing, permanent establishment, treaty entitlement, stamp duties, financial transaction taxes, and tax reporting obligations across relevant jurisdictions.

You may be assessed on key critical skills relevant for success in the role, such as risk and controls, change and transformation, business acumen, strategic thinking, as well as job-specific technical skills.

Barclays is required by law to confirm that you have the Legal Right to Work in any role that you apply for. If you currently hold a work visa sponsored by Barclays, or you would require sponsorship from Barclays, you must declare this as part of your application. Sponsored visas are role and entity specific and any changes must be reviewed. It is important that you ensure you are working on the correct visa at all times. Failure to accurately disclose your visa status or Legal Right to Work may result in your application or any employment offer being withdrawn at any time.