Specialist - Tax Compliance

  • Salary: See description
  • Location: Doha, Dawhah, Qatar
  • Job Type: Full time
  • Company: Qatar National Bank (QNB)
  • Updated on: 13 Mar 19

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Role Description

Responsible for development of and providing adequate tax compliance advisory services to business, related to development of related policies, procedures, forms, circulars, guidelines, etc. along with any legal aspects involving tax matters in view of the non-compliance risk assessment by the Group with respect to its domestic and international operations and thereby reduce the risk of regulatory breaches, which could result in financial losses/ penal actions and the associated adverse impact to reputation.

Responsible for all tax compliance and reporting programs including but not limited to FATCA, CRS, UK FATCA, UK CDOT, OECD Standards. Responsible for Country-by-country Reporting, FATCA and CRS reporting and compliance for the Group. Liaising with IT teams to provide subject matter expertise on due diligence/reporting on technical schema requirements.

Has diverse experience in tax compliance due diligence, inbound and international tax advisory, advice on OECD guidelines, FATCA guidelines, withholding tax advisory, VAT implementation advisory, filing tax returns and in other areas including financial analysis and risk management involving equities, deposits, SPVs, etc.

Responsible for effective tax management within the Group as per the best practices and application of local and international tax laws and regulations and due diligence. Review the existing business deals and overall Group structure and strategies to identify and mitigate tax risks. Assist Financial Crime Compliance team identifying the most recent trends related to tax evasion. Maintain and update records including Tax Compliance Programs Checklists to report and record Tax Compliance Programs determinations and to support internal and external audit requirements.

Manage tax compliance, reporting, and filing of tax returns for all the Group entities. Coordinate with the local administrators and ensure timely tax payment and filing of tax returns to the local tax authorities. Liaise with tax authorities and provide tax audit support for the Group. Answer the different enquiries from the correspondent banks related to tax compliance.

Oversee the maintaining and updating of the tax compliance framework, monitoring compliance with requirements in framework, monitoring certain business processes, establishing and maintaining a record of operational procedures manuals.

Ensure that new products and services as well as all new/ significantly amended Group policies, manuals and procedures are applicable to the Group’s operations are vetted from a Compliance perspective. Assist in providing advice and hands on assistance with issues related to : QCB instructions, QFMA Codes, Tax compliance programs, etc. Assist in providing compliance consulting in areas of consumer, non-consumer and commercial compliance relative to their line(s) of business, tax compliance international regulatory bodies, etc.

- Report the results of tax compliance advisory efforts of all entities to the Head of Tax Compliance and Senior Management within Compliance. Support the Head of Tax Compliance prepare adequate studies to be distributed to the senior management as well as the concerned business and operation lines.

Assist the Head of Tax Compliance providing high level advice and hands on assistance with issues related to : QCB instructions, QFMA Codes for financial Services and Corporate Governance, Tax compliance programs, Stress testing guidelines, Basel principles and guidelines on banking supervision, Foreign Account Tax Compliance Act, US Treasury and IRS regulations, Pillar 3 of the Capital adequacy framework, Legal framework of QNB Group operations (local and international regulations), Application of FCA handbook requirements application of Banque de France/CECEI regulations; MAS and Swiss Federal Commission, FATF recommendations, ICC-uniform customs and practice for documentary credit (UCP 600), OECD Corporate Governance Standard along with any international standard

Qualifications

    • Bachelor degree with relevant professional qualifications such as CPA /CCO/CIA.

    • A minimum of 11 years’ experience in a major banking institution or regulatory agency out of which 6 years should be in a supervisory role relating to Tax Compliance or Internal Audit.