col-wideJob Description:
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:
The processes covered are notably DAC6, processes contributing to US taxation (documentation, reports), VAT processes, Taxes on Financial Transactions, processes of withholding tax, etc.
Understanding and working knowledge of FATCA and CRS Regulations
Collect sensitive client documentation regarding tax regulations such as FATCA, AEOI, 871m / QDD…?
Client tax documentation analysis?
Management of change in circumstances
Analyze, determine and approve?adequacy of the Forms for tax regulation, updating the data system.
Analyze and solve inconsistencies, reported in a monthly based controls
Liaise with the customers and other stakeholders to gather the necessary documents.
Due diligence in case of Tax Treaty Benefits -?section 871 (m) of the US Internal Revenue Code and review yearly the expired reduced tax rates.
Responsible for execution of controls and effectiveness.
Responsible to produce and review KPIs per Regulation and support constant review on relevance of these KPIs
Interact with the Compliance department to?follow internal policies and procedures.
Responsible for all escalation and visibility to leadership.
Make recommendations/suggestions to standardize procedures and processes.
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
Higher education (in relevant area: Law, Taxation, Business School, etc.)
1-3 years experience in CIB business
1-3 years experience in Tax documentation
1 year experience in Source Deductions Regulations and Tax Credits
1 year experience U.S. Tax Returns (QI/QDD/Fatca)
Fluency in English is mandatory and a good level of French is definitely a plus.
Advanced knowledge of Office tools (notably excel)
Knowledge of Power Apps (including Power BI)
We will only consider English CV's.
Additional Information
At Natixis, we are committed to fostering a working environment where each and every one of our people is treated with dignity and respect and where every voice is heard. Our differences make us collectively stronger and are a source of fulfilment, innovation and performance.
In the framework of its Diversity, Equity & Inclusion policy, Natixis in Portugal has implemented a Blind CV Screening process, with the purpose of reducing hiring bias. A blind CV excludes any personal details which refer to the applicant's gender, age or ethnicity.When applying for our positions, please submit a blind CV, that is, with no picture, name, gender, age, nationality, ethnicity and address.Your personal statement, work experience, courses and certifications, education, skills and contact information is what matters to us.
#MuchMoreThanJustAJob
Early morning. Campo 24 de Agosto. In 4 minutes, you are clocking in at the office. Start your day having breakfast with the Team and grab fresh fruit on the way to your seat, in one of Porto's most typical neighborhoods. This Purple Day is going to be a busy one: daily meeting ensuring all team members are on the same page regarding work status, priorities and blockers, language class and, just after, a Talent Management meeting with your manager, discussing your career path.
Lunch break. Today, your Team is onboarding newcomers, but also welcoming French colleagues: the perfect excuse to walk downtown and bond over afrancesinha. When returning, inhale nature and peace of mind in Natixis Urban Garden (look at the crops; ready to harvest!).
Back inside. Brainstorming session on a new, exciting project in our disruptive and immersive Manaus Village. The afternoon went flying (tasks, meetings, some jokes with your teammates). End it on a high note: celebrating cultural diversity with a Diwali, the Indian festival of lights.
Tomorrow, you attend a conference led by influential speakers in your industry and, the day after, you will work from home, benefitting from some focus time to complete that report and soft skills course on LinkedIn Learning. Once you are done with your work for the day, strike the right note playing with Natixis band or be part of a board games session. If that is too steady for you, meet your colleagues to catch some waves or sail the Douro river during golden hour.
