Standard Chartered Bank Nigeria - We attract talented individuals. Not only can they give you the benefit of their experience, they also reveal a closer, more personal look at the wide range of global opportunities we offer. At the core of the Group's people strategy is our focus on employee engagement. Engagement is a key driver of productivity and performance, which creates the foundation of our performance culture. We encourage and focus on the behaviours that bring out the very best from every employee, assessing their performance not just on results but on how those results were achieved. To further embed these behaviours we have a remuneration programme in place, carefully designed to incentivise our employees to live our values every day.
The Role Responsibilities
Responsible to support the Regional tax Manager, West Africa in managing above and below the line taxes so as to increase the Group earnings
Tax Reporting and Forecasting:
Preparation of workings for Nigeria’s corporation tax reports for the purposes of the financial pack
Ensure correct reporting in the tax packs
Provide assistance in preparation of forecasts of the various entities tax liabilities in line with the ETR management programme, and monitor progress towards achieving the forecast ETR.
Prepare reports to the Regional Tax Manager, West Africa on a timely basis on the various tax provision and tax charge
Assistance in preparation of UK Controlled Foreign Company legislation.
Tax Internal Controls:
Review of all corporate tax returns prior to submission
Support in the monitoring of rolling programme of Health Check Audits and reviews across the region, and implementation of resulting recommendations
Transfer Pricing Risk Management:
Work with other members of Group Tax to minimise transfer pricing exposures
Work with the RTM, WA to ensure transactions between Group companies are on an arms length basis and evidenced by consistent documentation.
Assist in ensuring an efficient country cost booking policy that meets both local and Group requirements and identify transfer pricing planning opportunities for tax efficient cost and revenue booking is in place.
Help maximise TP planning opportunities by working alongside RTM, Group Tax and Business Managers to ensure good working knowledge of business and accounting issues
Provision of tax advice to West African SCB Businesses:
Assist with minimisation of VAT, WHT, PAYE and other employment taxes
Responding to ad-hoc queries
Tax Planning:
In conjunction with the Regional Tax Manager, West Africa, update and implement tax strategies to facilitate lowering of effective tax rates
Work RTM, WA to identify ideas and opportunities (and communicate high value ideas to relevant parties for implementation)
Organising / participation in brainstorming sessions and leveraging off local advisors and other contacts (e.g. networking with local banks)
Tax Risk Management:
Provide effective support in the management of country Tax Risk, including:
Adherence to Global Tax Policies and Procedures across the Country and, as appropriate, the maintenance of Country Policy Addenda
The maintenance, communication and implementation of an appropriate set of Departmental Operating Procedures and Tax Procedures and Practice Manual within the Tax Function
The maintenance, communication and implementation of an appropriate set of tax risk management-related operating procedures to all relevant departments within the countries outside the Tax Function
To adhere to the agreed Tax KCSA/CST plans and approach to Operational Risk Management and reporting
To adhere to the Financial Control Policy (FCP) as pertains taxation.
Others:
To assist the Regional Tax Manager, West Africa in special projects and other task as may be assigned
Risk Management:
Provide effective support in the management of country Tax Risk, including:
Adherence to Global Tax Policies and Procedures across the Country and, as appropriate, the maintenance of Country Policy Addenda
The maintenance, communication and implementation of an appropriate set of Departmental Operating Procedures and Tax Procedures and Practice Manual within the Tax Function and many more
Governance:
Responsibilities to support the Regional tax Manager, West Africa in managing above and below the line taxes so as to increase the Group earnings
Key Stakeholders
Internal:
Cluster Finance
Property and SCM teams
AME and Group Tax teams
HR, Legal, Operations and other Departments
External:
Cluster Tax Authorities
Colleagues in Tax departments of other institutions
Professional Advisers
Qualifications
Qualified accountant (ACA, ACCA, CPA or equivalent)
Minimum 4 years post-qualification experience at a major firm of chartered accountants and/ or an international group, preferably with a banking or financial sector bias
Knowledge of Nigerian tax law and practice. Knowledge of West African countries and/or UK tax law would be an advantage
Good research and analytical skills
Strong interpersonal and communication skills with a ready appreciation of business issues
Ability to build and maintain good working relationships
Enthusiastic and self-motivated, capable of working without close supervision
Proficiency in basic computer applications (Word, Excel, Outlook)
Training on Microsoft Excel, Power Point presentation, ATML Training.
Application Closing Date
5th August, 2021, 11:59:00 PM