BNP Paribas is the European Union’s leading bank and a key player in international banking. We operate in 65 countries and employ 190,000 people, including nearly 145,000 in Europe. Our Group holds key positions in its three main fields of activity: Commercial, Personal Banking & Services; Investment & Protection Services; and Corporate & Institutional Banking (CIB) for corporate and institutional clients.
The Finance Department is responsible for Management reporting, Annual budgeting and analysis of Bank Financials by Business lines and Functions.
Company purpose:
Our company purpose is to contribute to a responsible and sustainable economy by financing and advising clients according to the highest ethical standards.
Our employer promise is built around three pillars:
• Being a great place to work
• Committed to sustainability and having a positive impact
• Being dedicated to the development of our people
Business area
The London Tax Department as part of Finance function is responsible for the tax affairs of BNPP in the UK territory across all taxes and covering all CIB and non-CIB businesses.
The London Tax Department proactively supports the UK platform strategy and manages UK tax risk via close and continuous interaction with senior UK, EMEA and Global management in businesses and functions. This includes ensuring the UK platform’s compliance with all UK direct and indirect tax regulations, including Corporation Tax/Bank Levy, VAT, Operational Taxes, Employment Taxes and Stamp Taxes.
The London Tax Department manages the relationship between the UK entities of the BNP Paribas Group and the UK Tax Authorities (“HMRC”) including enquiries and audits.
Job purpose
- Coordinate and manage the preparation of the tax returns for the relevant CIB and non-CIB group companies.
- Manage the administrative requirements of the UK group including coordinating payments to HMRC and within the group.
- Secretary for the UK Tax Committee.
- Working with CIB and non-CIB stakeholders to ensure the Bank’s compliance with UK Tax Legislation and BNPP Policies. Liaising with a wide variety of non-tax stakeholders across the UK platform to ensure delivery of the London Tax Department’s mandate.
Key responsibilities
- Manage the quarterly process for preparing and reviewing the CIB tax disclosures. Liaise with the relevant finance specialist to coordinate the collection of all relevant information for input into the tax calculation and disclosures. Verification of the final tax pack prior to publishing.
- Provide advice and assistance to CIB Finance onshore and offshore departments in the completion of the tax department’s CIB annual reporting obligations.
- Completion of CIB sub-group's corporation tax computations and all related administration. Prior provision advice and assistance to CIB Finance department on statutory tax disclosures and liaising with external auditors.
- Manage and administer CIB group's group relief processes including day to day management of non-CIB stakeholders where involvement of other sub-groups has occurred.
- Completion of the Research and Development claims for London Branch and all related administration.
- Manage the quarterly corporation tax instalment process including presentation of the computations and proposals for the CIB CFO and Head of UK Tax for final approval.
- Coverage of non-CIB corporation tax queries including completion of relevant corporation tax computations (specifically Arval, Commercial Finance and BNPP Real Estate) and all related requirements.
- Advice and assistance to relevant Finance departments on statutory tax disclosures and external auditors.
- Completion of group's Corporate Interest Restriction (“CIR”) obligations and all related requirements.
- Act as the Secretary to the quarterly territory-wide UK Tax Committee including coordinating the submissions of contributors across all taxes (VAT, Employment Tax, Operational Tax, Corporation Tax) including following up on formal action points assigned to senior Finance/Tax staff.
- Completion of other advisory, compliance and administration tasks as requested or required. Scope specifically includes, but not restricted to, all UK direct tax queries relating to CIB subsidiaries as well as the Arval, Commercial Finance, Real Estate business lines.
- Where necessary as part of all key responsibilities, liaising with business representatives, corporate directors and senior managers within functions across all relevant jurisdictions.
- Subject to internal review policies, report direct verbally or in writing to internal stakeholders.
- Maintain close working relationships with significant stakeholders, including but not restricted to international tax colleagues, business line managers and finance departments.
- Contribute to the department’s control framework in alignment to the group’s generic control plans.
- Work independently and proactively in the management of responsibilities described above.
Requirements
- Professional accounting or legal qualification with a specialism in tax (e.g. ICAEW, CTA).
- Ability to work independently to tight deadlines
- Excellent and detailed knowledge of UK tax legislation
- Detailed Accounting knowledge including current and deferred tax accounting
- Good working knowledge of the international tax regime.
- Ability to perform risk assessment of control issues and exercise judgement over escalation.
- Very good knowledge of tax control framework including identifying areas for improvement
- Ability to analyse and articulate complex tax issues in a clear manner to non-tax specialists
- Analytical, collaboration and interpersonal skills essential.
- Ability to form networks and influence stakeholders to provide information in a timely manner
- Continuous improvement attitude
- Excellent PC skills, including Excel, PowerPoint, Word
And of course, we expect all our colleagues to embody and practice the Group values (alignment with the Bank’s strategy, commitment, work ethic, integrity and Code of Conduct).
A bit more about why you should join us
1. We’re a great place to work
We aim for optimal work/life balance (depending on role, this includes hybrid working, flexible working and agile)
We are proud of our award-winning flexible benefits and health & wellbeing strategy. Our flexible benefits include:
• Generous holiday allowance of at least 26 days (plus bank holidays) – with option to buy and sell holidays.
• Valuable financial plans – a 12% non-contributory pension which has been moved to sustainable investments*, life assurance*, income protection and personal accident insurance.
• Extensive wellbeing and mental health offering – one of the most advanced private medical schemes in the UK, dental cover, wellbeing app, Cognitive Behavioural Therapy support, subsidised gym memberships, bespoke health assessments including genetic testing, Private GP (including digital GP services to parents of employees), Employee Assistance Programme, menopause & fertility support (we are an accredited Menopause Friendly Employer), neurodiversity assessment and support.
• Key onsite services and facilities in London – include physiotherapy, nutrition, massage therapy, physiology, mental health first aiders, seasonal flu vaccinations and free onsite fitness centre.
• Plus, emergency back-up care for dependants, green car leasing, season ticket loan, and a range of other benefits.
* Subject to relevant caps
2. As the eurozone’s largest bank, we are committed to having a positive impact in the world.
For example, we are committed to Net Zero in all of our financing and investment portfolios by 2050. By 2030, 80% of our energy production financing will be low carbon.
But impact for us means more than climate. It means empowering our people every day. Everyone gets four volunteering days each year - in 2023, we achieved over 18,000 hours of volunteering across the UK and reaching over 4,500 young people.
3. We believe in our people
We support our people to develop skills to adapt to the ever-evolving world of work and to prepare for the jobs of today and tomorrow. We do this through a comprehensive training offering, talent programmes, mentoring, career days and inhouse career tools.
We are proud of the number of our people who progress and secure new roles internally. In fact, in 2023, nearly half of our positions in UK CIB were filled internally.
Investing in our people also means we have a collaborative and inclusive culture:
• Direct feedback from our people shows that our internal culture sets us apart from our industry peers.
• Each year, nearly 30,000 employees globally are involved in professional networks that play an active role in promoting Diversity and Inclusion within the Group. These include our:
Pride Network, Ability Network (which supports disabled employees), MixCity (gender equality network), Women in Global Markets, Women in Global Banking, Women in IT, Diversity Equity & Inclusion in Technology, Early Careers Network, Multicultural Network and Parents & Carers Network.
Equal opportunities
BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to age, disability, gender reassignment, marriage or civil partnership status, pregnancy and maternity, race, religion or belief, sex or sexual orientation, or any other legally protected status.
Adjustments
We don’t want anyone to be disadvantaged in our recruitment processes, so if you have a disability or health condition which may mean that you’d benefit from some adjustments or additional support, please let us know as early in the process as possible.
#LI-Hybrid
