Head of Client Tax & Regulatory Reporting (Director / Executive Director)

At Bank of Singapore, we are constantly on the lookout for exceptional individuals to join our team. We promote a culture of openness, teamwork and fairness. Most importantly, we invest in our people through our programmes that develop them on both professional and personal levels. Besides attractive remuneration packages, we offer non-financial benefits and opportunities to develop your potential within OCBC Group’s global network of subsidiaries and offices. If you have passion, drive and the will to succeed, rise to the challenge today!

Bank of Singapore opens doors to new opportunities.
Start your career with Bank of Singapore as a Head of Client Tax & Regulatory Reporting in our Operations Team! !

The incumbent is responsible to own and drive Client Tax & Reg Reporting processes end to end. Working closely with Operations / Tax Compliance (and other departments as needed) to define the reg reporting processes under compliance to all applicable regulations. Establish client notifications / reporting, related to Tax & Reg reporting. Work with IT / Other Teams in driving automation of controls / reporting processes. Face off Technology & other Business stakeholders in regulatory projects impacting Operations and act as key liaison, partner and co-ordinator for Ops to implement the changes. The role also includes delivering data remediation project / initiatives

Responsibilities:

• Acts as a Subject Matter Expert for operational tax & reg reporting matters
  
• Overseeing communication with Tax Compliance and Operations team on operations tax / reg reporting matters
  
• Support Operations management in the implementation of tax policies, procedures, controls in Operations (specifically US Qualified Intermediary (QI, FATCA, CRS etc.)
  
• Implements control framework to ensure adherence to established policies, procedures and controls
  
• Identify and resolve processing and control issues; manage tax & reg reporting related remediation exercise (where required)
  
• Manages regulatory / tax authorities queries / ad-hoc requests; educate Operations and FO staff on relevant tax & reg reporting matters
  
• Develop and maintain Project and Change Request (CR) portfolio and manage strategic projects to deliver the expected outcome
  
• Work closely with Ops, IT and other Business stakeholders to fully understand the business needs and then craft solutions to automate the processes in a sustainable manner)
  
• Own and drive the project inception (BRD, Business Paper, approvals etc.) and execution to successful completion to reduce / eliminate manual processes and / or enhance controls or Regulatory compliance
  
• Work with the Business Units and IT on the implementation of the action plans including coordinating the User Acceptance Test (UAT) as required
  
• Monitor project timelines, milestones and resource conflicts against project goals, local requirements and deliverables.
  
• Ensure the Operations' interests are adequately represented and addressed within the projects by working closely with the Operations Teams and the relevant IT / Business Teams delivering the Programs
  

Qualifications
Requirements:

• A degree holder in Accounting, Finance, or Business. Possession of MBA degree or related qualification is advantageous.
  
• Certification in Tax / compliance areas is advantageous
• Lean / Six Sigma Certification desirable
• Exposure and experience in Private Banking as well as Wealth / Investment products is a must
• At least five years of experience in Tax & Regulatory reporting / tax compliance / tax operations in a Bank is mandatory
• Strong knowledge of QI, FATCA, CRS, etc. and any other EU financial transactions/products and related regulations is mandatory
• Familiar with relevant rules and regulations, in particular those relating to local private banking business
• Proficiency in of Microsoft applications is a must
• Knowledge of client static data structures, Private Banking Systems, specifically Temenos system / CRM system is desirable and will be an advantage
• Strong product knowledge i.e. equity, bonds, funds, derivatives etc. will be advantageous
• Knowledge of / exposure to Process Automation (RPA) tools and methodologies (Lean, Six Sigma) etc. will be an advantage
• Project management skills
• Excellent verbal and written skills
• Strong organization, communication and collaborative skills in diverse work groups
• Team oriented, adaptive, multi task and proactive mindset
• A bility to build great teams and keep them engaged & motivated
• Ability to perform under pressure, stay organized and meet deadlines
• Ability to perform a variety of tasks, and flexible in changing functions
• A self-starter, with a 'can do' attitude, who is delivery focused
• Possesses strong communication, influencing and presentation skills
• Thrive in a fast paced & ambiguous environment and is able to adapt to various demands in a diverse culture