Natixis in Portugal is fully integrated in the global organization of Natixis, a French multinational financial services firm specialized in Asset & Wealth Management, Corporate & Investment Banking, Insurance and Payments. A subsidiary of Groupe BPCE, Natixis counts nearly 16.000 employees across 38 countries.?
Based in Porto, Natixis Centre of Expertise mission is to transform traditional banking by developing innovative solutions for the bank's business, operations and work culture worldwide, as a key driver of the company's culture of agility and innovation. Teams of IT and Banking Support Activities work in an integrated, inclusive and transversal way, supporting all the business lines and country platforms.?
Natixis in Portugal is the best combination of a "start-up mindset" with a large, solid structure. Its unique culture gives true meaning to a "beyond banking" personality: to be a real entrepreneur, self-challenging, ever striving to excel and go that extra mile.?
Job Description Team presentation and main goal: The COO CIB provides middle and back-office functions as well as Third Party administration for the activities of Global Markets, Financing, Investment Banking and Trade and Treasury Solutions, serving Commercial Banking.
The Operational Tax and Regulatory unit in the Business Management of COO CIB oversees operational taxation, securities custody account keeping and the coordination of regulatory changes impacting the OPS department.
The supervision of operational taxation (Op Tax unit) is a new activity that is gradually being put in place, with a progressive ramp-up. The OpTax unit is gradually taking over a wide range of tasks covering all CIB businesses (market operations, financing operations, etc.).
The mandate of the team is to
- Manage all operational processes related to tax regulations (20 regulations to date),
- Provide a control and monitoring framework for all processes related to tax regulations,
- Provide operational expertise on regulations within its scope,
- Perform regulatory watch.
Main tasks and goals :
As the Team Leader of OPS Tax, you will be responsible of a team of 10+ Officers and overseeing:
. Recruitment process of staff, whenever needed, in liaison with your functional manager in Paris;
. Onboarding and training of newcomers;
. Daily organization of the team, ensuring the appropriate resources are allocated to each task;
. Reconcile, update, regularize and justify
. Monitor specific matters on taxes requiring high level of seniority
. Produce statistics and monitor team performance;
. Monitor team expenses and invoicing for your activity
For you to be successful in this role you should be able to:
. Set clear team goals, by establishing plans to determine tasks, priorities, and timelines and identifying the resources needed;
. Identify and unleash talent;
. Identify and follow operational improvements to develop new and/or enhance existing processes and address possible issues and inefficiencies;
. Recognize high performance and reward accomplishments.
The Tax team Leader will also have to be involved in the BAU production centralized in the team, as they cannot be delegated to the Operations teams due to the level of tax expertise required. Such production matters are listed in details below
The processes covered are notably DAC6, processes contributing to US taxation (documentation, reports), VAT processes, Taxes on Financial Transactions, processes of withholding tax, etc.
Perform operational activities. Some examples of activities Detect transactions potentially reportable for DAC6 Ensure weekly and monthly controls on Equity Policy Ensure EAI/Fatca/QDD controls prerequisite to declarations Prepare reports and payments for certain type of withholdings, in cooperation with other stakeholders in the process (Global Market Operation, Finance (Tax), Compliance, IT…) The scope of these activities will be completed as part of the OpTax Unit deployment project.
Participate to the definition and implementation of control plans. These controls may consist of checking transactions (checking the tax treatment applied to a sample of transactions), or checking level 1 controls performed by other teams. Write / update operating procedures associated with operational or control tasks Contribute to tax projects involving the implementation of operational processes Contribute to the sharing of knowledge within the scope of operations / between operational tax advisors on tax issues Contribute to the continuous improvement of key activities and processes related to operational tax tasks. Qualifications Degree/ Master's degree in Law, Taxation, Business School (or any other relevant areas); 1-3 years experience in CIB business; Experienced in Source Deductions Regulations and Tax Credits; Knowledge in U.S. Tax Returns (QI/QDD/Fatca); Knowledge in Tax documentation; Advanced Knowledge in Office tools (notably excel) and Access; Fluent English and a good level of French (mandatory);
