Tax Vice-President – Tax Research

Full job description
Tax Vice-President – Tax Research


At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world’s financial system we touch nearly 20% of the world’s investible assets. Every day around the globe, our 50,000+ employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities and people everywhere.

We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what #LifeAtBNY is all about.

We’re seeking a future team member for the role of Vice President, Global Tax Technical Research, to join our Asset Servicing team. This role will be located in Manchester and is a Hybrid schedule (4 days per week in-office required).

Role

The Client Tax Group focuses on tax strategy, development and enhancement of tax services, tax risk management, market presence, client facing tax support and leveraging tax expertise across BNY globally. The key component for this role is custody tax knowledge with a strong background in tax research. This position will report to the manager of the Global Tax Technical Research and Direct Markets team. The candidate will take a lead role in the tax research strategy and tax monitoring of markets in the global custody network. The candidate will work closely with our Client Enterprise team (product managers) and other tax experts in the organization, including Corporate Tax and Tax Operations.

In this role, you’ll make an impact in the following ways:

Monitors and analyses tax laws, rates, and compliance obligations resulting from global withholding tax, financial transaction taxes, and capital gains taxes, or procedural change in markets, ensuring that these are incorporated in the custody framework timely.
Review and analysis of tax services to ensure BNY complies with relevant local tax requirements.
Provide tax technical support to Asset Servicing and clients, focusing on global initiatives aimed at tackling tax evasion and tax avoidance (e.g. Common Reporting Standard (CRS) and DAC6).
Informs BNY’s operational delivery teams of any withholding tax changes and works with the business to implement processes arising from tax change. Coordination with Corporate Tax as and when appropriate.
Close collaboration/communication with BNY’s sub-custodian network and Network Management teams.
Ensure market change is communicated in a concise, factual manner both internally/externally (drafting of client communications, memos).
Participate in client meetings to deliver insights and review tax changes as required.
Preparation of analysis to support discussions/meetings with tax authorities/governments as necessary to advocate workable solutions to tax relief models.
Participate in relevant tax industry working groups meetings as necessary.
Research, preparation of analysis and communication of key regulatory initiatives impacting investment services.
Deliver training where necessary.
Qualifications

Extensive tax experience in investment services (domestic and foreign withholding taxes, systems of global exchange of tax related information (FATCA, CRS, DAC6), financial transaction taxes, taxation of investment funds) obtained through experience gained at a custody bank, financial service provider, investment fund company or professional services firm.
Possess a high-level understanding of the APAC and EMEA tax markets and their impact on non-resident funds (for example, investment, sovereign and pension funds).
Custody Tax:
Withholding Tax practices on securities (domestic and foreign withholding taxes, tax treaties, financial transaction/securities taxation, taxation of investment funds).
European Court of Justice tax cases impacting securities (e.g., Fokus Bank case).
Capital Gains tax treatment of securities.
Team player able to work across multiple lines of business with excellent communication skills, both written and oral.
Strong analytical skills and attention to detail.
Proven ability to use electronic tax research engines.
Ability to self-manage, prioritize and execute.
Other languages capabilities are preferable but not critical.
At BNY, our culture speaks for itself. Here’s a few of our awards:

America’s Most Innovative Companies, Fortune, 2024
World’s Most Admired Companies, Fortune 2024
Human Rights Campaign Foundation, Corporate Equality Index, 100% score, 2023-2024
Best Places to Work for Disability Inclusion, Disability: IN – 100% score, 2023-2024
“Most Just Companies”, Just Capital and CNBC, 2024
Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024
Bloomberg’s Gender Equality Index (GEI), 2023

United Kingdom
England
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