Position Purpose
Within the Governance and Transversal RISK ORM APAC team, the ORO for Tax Processes is in charge of supervising the tax processes included in RISK ORM supervision perimeter (tax watch, tax advice, back-office chains treatment, audit and litigations and tax returns and payments). This role covers mainly tax processes transversal to the CIB entities of the Region. It also includes interactions with the different stakeholders, notably with the Tax Department, the other control Functions (Compliance, Finance, Legal), and the RISK ORM network.
This position contributes to the reinforcement of the setup of the Group's second level of defense. The ORO for Tax Processes acquires and maintains a complete and operational view of the tax processes of the APAC entities included in the scope. He/she interacts with business management, LoD1 stakeholders and the RISK ORM network.
Responsibilities
Direct Responsibilities:
-As second line of defense and in line with the Operational Risk Officer mission statement, the ORO for Tax Processes ensures the robustness of the Operational Risk Management Framework (ORMF) and its alignment to Group standards. In particular, in liaison with the local Operational Risk Officers (OROs) and the regional RISK ORM teams in charge of the oversight of the business lines and functions, he/she ensures the global coverage of tax processes by the ORMF system (cartography, deployment, follow-up, consolidation and reporting of the set-up and the risks…).
-He/she advises the business and function management on the operational risk assessment on tax processes within his/her oversight scope, specifically for the purpose of decision making or reporting to governance bodies (new activities approvals, derogations validation, contributions to Internal Control Committees or equivalent).
-The ORO for Tax Processes supervises and controls APAC Tax Department for the processes falling under RISK ORM purview. As part of the LoD2 supervisory role, he/she performs the tasks of an ORO: check and challenge of the Risk and Control Self-Assessment (RCSA) performed by first level of defense teams, planning and execution of second level of defense controls, review of Historical Incidents (HI), check and challenge of the quantification of Potential Incidents (PI) and the follow-up of findings, recommendations, and action plans.
-He/she is responsible to report actual or expected issues or concerns to the appropriate management level (within RISK and within the concerned entity) and raise any alert in a timely manner.
-He/she will provide methodological support and share best practices on the tax processes to the RISK ORM teams in charge of Business Lines, Functions or Territories, and coordinate the works performed by these teams in relation to tax processes.
Contributing Responsibilities:
-The ORO for Tax Processes contributes to the global and consistent deployment of the second level of defense controls throughout the Group on the tax processes perimeter.
-He/she contributes to the aggregation/consolidation of the operational risk reporting (incidents, risk assessment, control results…) to provide a transversal view of operational risks on the tax processes for their perimeter.
Technical & Behavioral Competencies:
- Professional experience of minimum 5 years in an equivalent position or as internal control actor (Operational Permanent Controller in a Business Line or a Function, Audit / General Inspection).
- Good understanding of Finance and/or Tax specifics.
- Fluent English.
- Excellent interpersonal and stakeholders' management skills.
- Good communication - both verbal and written.
- Rigor and organizational skills.
- Independence and orientation to results.
- Commitment and client focus.
