Operations Expert - Bengaluru, India - Deutsche Bank

Deutsche Bank

Verified Company

Bengaluru, India

3 weeks ago

Posted by:

Deepika Kaur

beBee Recuiter

Description

Job Title:
Tax Operations - Senior Analyst

Location:
Bangalore

Role Description**:

Operational Tax is part of Margin, Treasury and Tax Operations and is responsible for managing and supporting all operational tax processes for Deutsche Bank AG and associated entities.

The Tax operations team is comprised of five sub processes 1) Transactional Taxes (Withholding Taxes, Financial Transaction Tax) 2) Cost Basis 3) Derivative Tax 4) Stamp Tax 5) FATCA 6) Tax Reclaims.

The tax process is responsible for managing key regulatory tasks like reporting and payment of various operational taxes e.g.

Stamp Duty, French, Italian & Spain Financial Transaction Tax to the Tax Authorities, FATCA & CRS reporting, allocation of incomes, QI Reporting (Chapter 3), Calculation of NRA tax and reconciliation of tax applied between the DB systems and the tax authorities.

What we'll offer you
As part of our flexible scheme, here are just some of the benefits that you'll enjoy

Best in class leave policy
Gender neutral parental leaves
100% reimbursement under child care assistance benefit (gender neutral)
Flexible working arrangements
Sponsorship for Industry relevant certifications and education
Employee Assistance Program for you and your family members
Comprehensive Hospitalization Insurance for you and your dependents
Accident and Term life Insurance
Complementary Health screening for 35 yrs. and above

Your key responsibilities

Managing the day to day processing/deliverables for operational tax processes like Financial Transaction Tax, Stamp Tax, and Transfer Fees Reconciliation etc. for the businesses/regions supported by Operational Tax including the reporting, payment and reconciliations
The daytoday processing of functions within predefined timelines and ensuring the process is run in a controlled manner
Ensure that there are no misses in any of the internal/external or regulatory deadlines,
Advise on the right level of documentation and tax rates to be applied per country/ counterparty status and Ensure continuous maintenance of relevant Tax data on back office systems
All the relevant Key Processing Indicators are achieved and delivered as agreed.
Tax reconciliations, payments and reporting / Tax Returns filing and tax audits.
Knowledge of Equities Trade Life cycle, Reconciliation of Nostro and internal accounts, Exposure to back office systems and Reconciliation systems like TLM, etc. will be an added advantage
Review the processes undertaken within the team and redevelop and redesign where cost savings/efficiencies can be made
Drive regulatory changes in partnership with IT and Business within operations.
Interpretation of amendments to the existing rules and regulations pertaining to the relevant tax.
Knowledge of Automation Tools such as Alteryx, Python, Tableau will be a plus.
Mange the Monthly/Annual reporting and relevant payment processes to the regulators
Ensure all client (internal and external) queries are dealt with in a timely and effective manner. Experience of directly dealing with Clients would be an added benefit
Produce Tax MIS and maintain full audit trails

Your skills and experience

CA / MBA / Post Graduate with 02 years of prior working experience.
Area of Expertise: Accounts, Taxation, Finance, Reconciliation
Knowledge of Equities Trade Life cycle, Reconciliation of Nostro and internal accounts, Exposure to back office systems and Reconciliation systems like TLM, etc. will be an added advantage
Understanding / Knowledge of Tax Concepts
Transaction and Stamp Taxes

Accounts

Reconciliation, Substantiation, MIS, Payments

Settlements

Financial instruments, Custody & Asset management
Exposure to Equities Settlements / Asset Management preferred
Strong time management, organizational, planning and followup skills; ability to multitask effectively
Ability to prioritise competing demands
Strong analytical and problem solving skills
Strong capacity to assimilate other stakeholders perspectives and fast learning abilities
Ability to use sound judgment to meet regulatory standards
General knowledge of Business Banking product set

How we'll support you

Training and development to help you excel in your career
Flexible working to assist you balance your personal priorities
Coaching and support from experts in your team
A culture of continuous learning to aid progression
A range of flexible benefits that you can tailor to suit your needs

About us and our teams
Our values define the working environment we strive to create - diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation.

We build talented and diverse teams to drive business results and encourage our people to develop to their full potential.

Talk to us about flexible work arrangements and other initiatives we offer.