Position Purpose
The Tax Product Manager role at BNP Paribas Securities Services is responsible for the suite of tax products and services for the New Zealand market as well managing client relationships and governance to Fund Administration and Custody services. This role will facilitate the business growth of BNP Paribas Securities services by bringing together people, information and ideas to ensure a proper knowledge and understanding of clients and their needs to maximise the development and promotion of solutions and to ensure alignment with the regional/product global strategy.
Key Responsibilities
FOCUSES
Representing New Zealand Tax within the Global Tax Community
Manage client relationship for tax.
Industry involvement in tax, regulatory and product forums.
Performing oversight to ensure tax records maintained are accurately.
SME involvement in transitions and projects
All services delivered by this role are required to consider current legislative and regulatory requirements and they must comply with operational risk guidelines. The role is involved in all major projects and transitions. Also, the investigation, management and resolution of any client and internal queries or issues which are directed to the Tax Manager.
The role is in New Zealand and is responsible for the product strategy and product management of our tax service offering to support onshore clients in New Zealand
PRODUCT MANAGEMENT/PRODUCT CONTROL/PRODUCT INNOVATION
The purpose of the Tax Product Manager role is :
Development of new fund service, tax and/or regulation product in line with regulatory requirements
Monitor tax and regulatory developments and assess the impact on our service offering.
Drive product innovation to enhance existing capabilities by working closely with local and/or global product teams and client delivery to develop core product enhancement and targeted solutions to meet New Zealand clients or prospects needs.
Lead any required product changes working in conjunction with the change team to comply with tax or regulatory change
Ensuring the sustainability of all existing products and solutions in accordance with tax and regulatory requirements
Work with all relevant business areas on both the development and sustainability of products, across fund services, with a focus on tax and regulation.
Industry Activity
Participate in relevant industry working groups.
Support Local Custody as required.
Work in conjunction with management to develop/formulate and implement BNP Paribas Securities Services' business roadmap, taking into consideration internal and external drivers.
MARKET WATCH & THOUGHT LEADERSHIP
Contribute to competitor analysis, market regulatory watch and Tax Watch and where appropriate translate these insights into recommendations.
Stay abreast of industry developments to feed Reg watch and Tax Watch program. Establish thought leadership and approach to promote market awareness and understanding of Securities Services
Update stakeholders on the latest product and market developments.
MARKET WATCH & THOUGHT LEADERSHIP
Contribute to competitor analysis, market regulatory watch and Tax Watch and where appropriate translate these insights into recommendations.
Stay abreast of industry developments to feed Reg watch and Tax Watch program. Establish thought leadership and approach to promote market awareness and understanding of Securities Services
Update stakeholders on the latest product and market developments.
CLIENT DELIVERY SUPPORT
Manage the Tax Technical function to facilitate and act as the operational contact for clients and to participate in service level reviews and other ad-hoc meetings. Act as the escalation point for tax matters at these reviews and meetings.
Ensure that client deliverables and queries are resolved in a timely manner and that any issues are escalated to the Head Client Delivery.
Provide transitions support towards the setup of new portfolios, clients or restructures as per client instructions.
Perform formal supervision and controlled self-assessment testing of procedures and deliverables within the agreed risk management framework.
Liaise with product, technical and other operational teams to ensure new product offerings, services or legislation changes are deployed successfully to production
BUSINESS DEVELOPMENT
Working alongside sales to support business development during marketing and translate / interpret clients requests into the standard operating model, service enhancements and or new offerings.
Work with client development to develop meaningful value propositions and solutions to the market, adapted for specific opportunities where appropriate.
Involvement in the RFP process for new business including presentations at due diligence meetings, answers to RFP questions as required and active participation in brainstorming sessions to identify solutions to specific prospect requirements.
RISK MANAGEMENT
Identify risk issues (operational, regulatory) and propose appropriate actions.
Minimum 10 years commercial experience within the Funds industry (similar Product or Funds administration or other relevant experience with a New Zealand Tax focus
Capability to undertake detailed analysis and to formalise documentation to support product lifecycles.
Proven ability to influence cross functional teams without formal authority.
Clear ability to interact, communicate and negotiate effectively at all levels and across functions.
Analytical capability and ability to formalise and provide high standard outcomes and reports.
Good working knowledge of NZ Funds industry and specifically the NZ PIE tax regime
