Job Title: Head of Tax
Business Unit: ITO - Finance
Contract Type: Permanent
Location: Sandyford, Dublin
About BNP Paribas
At BNP Paribas, we center our values on what drives the company forward. Our driving forces are Agility, Client Satisfaction, Compliance Culture and Openness.
- Agility: we want to behave more simply to embrace useful innovation and digital transformation.
- Client Satisfaction: we believe that our success lies in being the customers' and clients' preferred choice.
- Compliance Culture: we believe in promoting clear rules to foster a strong culture of compliance and ethics
- Openness: we promote open-minded attitudes towards our stakeholders. We aim for everyone in Group to feel included, to have their say and be empowered
Our strengths are based off four key areas of Stability, Expertise, Responsibility and Good Place to Work
- Stability: we build upon our solid, long-term oriented management, our diversified and integrated business model and our international footprint.
- Expertise: we build upon our recognized and expanding knowledge of our teams.
- Responsibility: we build upon our culture of responsibility and integrity to ever better serve the interest of our customers
- Good Place to Work: we foster a stimulating workplace where people are treated fairly and with respect
Role:
The Head of Tax (Head of Tax) is responsible for oversight of all Tax matters related to BNPP Group Entities operating in Ireland (1). The Head of Tax, in coordination with the CFO, ensures a strong integration with Group Tax Department (GTD, in Paris) and adherence to Group Tax Policies. The position is a key strategic position ensuring compliance with Tax regulations & protection of the Group’s Reputation. The role reports functionally to Central Head of Group Tax, per the mission letter and hierarchically to the CFO CIB Ireland.
Responsibilities of the role are split in Tax Compliance and Tax Advisory, both with the purpose of being accountable for the administration of the Tax risk of the entities in the territory and ensuring that all tax commitments before the Tax Authorities of BNP Paribas Irish legal entities are met in Ireland or abroad, as necessary.
The role is highly supported with a) External Tax Advisors engaged in both advisory and compliance activities, hired by BNP Paribas as part of the external consulting policies and b) Territory entity level Heads of Tax despite the latter don’t have a hierarchical report to the Territory Head of Tax. The Territory Head of Tax must ensure that external tax consulting follow internal policies and delegations, including approval from central management.
This mandate covers all entities of BNP Paribas in Ireland except for Human Resources (HR) related taxation which is under direct responsibility of the Head of HR due to confidentiality purposes, still the Head of Tax is engaged in advisory activities for HR to the extent that confidentiality of individual employees information is maintained.
Key criteria of the role:
- Organization & Team: Ensure that the Tax Team is appropriately organized and staffed with the correct profiles according to the business needs of the Bank and Entities under responsibility. Directly oversee the Staff Development, Training and Succession planning.
- Finance & Tax Projects & Systems: Within the scope of responsibilities, support the CFO in rolling out of the new systems, change of organizational setup, maintenance and enhancement of Finance & Tax systems, etc. in strict liaison with the Infinity EMEA services platform Projects & Systems Team, located in MFSC or Central Tax Projects Teams.
- Procedures & Controls: Ensure that the Area’s procedures and controls are up to date including BCP.
- Jointly accountable with the CFO in maintaining contact with external authorities and stakeholders
- Accountable for correct reporting to tax authorities
- Maintains normative watch of Tax matters of potential impact to Entities under scope
- All interactions with auditors, including follow up of recommendations, within the scope of its responsibilities.
- Performance: Contribute periodical information (minimum monthly) of performance, risk and control indicators of the area under responsibility (KPI, KRI and KCI), following the standard defined for the Finance & Tax Department.
Key Responsibilities:
- Manage Tax Reporting and filing process including CT, VAT, DIRT, FATCA, AEOI, Interest Reporting according to Irish and International reporting requirements.
- Oversee and manage the interaction with Tax Compliance Service Providers to ensure timely & accurate information filing/reporting.
- Ensure all Tax reporting & Payments are adequate and appropriate.
- Monitoring of Tax Regulation Changes ensuring timely compliance.
- Assess/manage tax risks for BNPP Group Companies in Ireland.
- In co-ordination with CFO, provision of GTD opinion with respect to all new Activities/Products launched in Ireland (NAC/TAC Process).
- Establish & maintain a reporting forum with CFO and GTD covering Tax & Business Evolutions in Ireland
- Signatory of the TAC/NAC/OTC process, jointly with the CFO in representation of the Tax Function as delegation from Group Tax Department.
- Implementation of TPA structures/agreements as required according to Ireland operations within the Global franchise. Maintaining inventory of said agreements & reporting to CFO & GTD. Evaluation of changes needed with the evolution of the setup.
- Assurance that all intra-group SLAs are appropriately articulated from a tax perspective with regard to services provided/received & cost allocation/charging methodologies explained and respecting domestic and international Tax guidelines.
- Be a Business Partner providing advice on structuring where required & ensuring strong awareness of Tax compliance & reporting across the Entities. Advising on disclosure requirements including FATCA, AEOI etc. Provide Timely & accurate information/advice to the Business on tax developments potentially affecting their activities business.
- Manage interaction with external tax advisors to ensure timely delivery of high quality, cost effective and accurate tax advice.
- Manage interaction with internal and external auditors in their completion of audits.
- Manage Irish Tax Authority Audit process, together with any Foreign Tax Authority Inquiry as it relates to any BNP Irish (1) Group Company.
- Act as principal point of contact for BNPP Ireland Management on all tax matters relevant to the Irish businesses. Develop strong collaborative relationships with all business and functional leads.
- In strict coordination with CFO, report periodically as required to the BNPP Dublin Branch ExCo, and Boards of Directors of other Irish Group Companies (1) on tax developments affecting the Group’s Irish operations.
- Maintain strong reporting line to CFO and GTD in respect of Irish tax developments, transactions currently under way and contemplated, and other pertinent matters arising.
- Maintain strong collaborative and interactive working relationship with other members of GTD across the Group internationally, for Irish related business (business lines, clients and/or entities).
- Represent the Group in all contacts with the Irish Tax Authority, and ensure that a strong and collaborative working relationship is maintained with the Irish Tax Authority at all times.
- Interact proactively with all areas of the business to optimise the profile of the tax function in Ireland and beyond.
- Build relationships and network across the industry.
- Manage relationship with other applicable tax advisors
Qualifications & Experience required for this role:
- Language skills: Fluent in English
- Educational background: Finance and accounting, certified.
- 10+ years experience in the financial services industry (banking, capital markets, custody, fund administration), o/w 5+ years managing teams
- Big4 experience is desirable
- IT skills: capacity to use several of the following office tools in a proficient manner => MS Office (Excel, Word, PowerPoint, Access)
- Soft Skills: Organizational capacity; decision making; critical thinking; ability to synthesize/simplify; ability to inspire others and generate commitment
Why Work with Us?
- We are the bank for a changing world and aim to build positive change together with our employees
- We are a team of passionate people who genuinely care about what we do and the impact our work delivers to our clients. We operate in a highly collaborative, open-minded environment that embraces innovation and creativity
- Our remuneration and benefits packages are generous, with competitive salaries, a discretionary bonus scheme, company pension contribution, comprehensive private healthcare packages, and numerous other benefits
- We have a genuine commitment to work-life balance throughout the whole organisation. We are also committed to equality, diversity and inclusion and actively promote equal opportunities.
- Development and mobility is actively encouraged. We are a learning company - there is real opportunity to grow, develop and expand your skills, experience and career path.
- We are a global company operating in over 60 countries with over 190,000 employees from over 150 nationalities. In Ireland we have approximately 500 employees across Dublin and Galway working in Corporate Institutional Banking (CIB) and BNP Paribas Security Services (BP2S) and Greenval.
Compliance Culture: We believe in promoting clear rules to foster a strong culture of compliance and ethics. We would expect any incoming member of staff to respect all financial security related legislation, including: anti-money laundering (AML); countering the financing of terrorism (CFT); international financial sanctions and embargoes (IFS); anti-bribery and corruption (ABC); KYC; ongoing client related data screening; and transaction monitoring. BNP Paribas have clear policies on these topics which all staff are expected to familiarise themselves with upon successful entry to the Group.
Equality and Diversity
BNP Paribas is an equal opportunities employer and proudly cultivates a diverse workforce. We believe that diversity of experience enhances our service offering to clients and leads to a better working environment. We encourage applications from the best candidates regardless of age, ethnicity, gender, gender identity, nationality, disability, sexual orientation, socio-economic background, parental and caring status, or religious belief.
By submitting your application, you agree to BNP Paribas completing a background check and screening in advance of any potential offer being made
