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Corporate Tax Senior Manager - Banking

Date: Jan 6, 2019

Location: London, United Kingdom

Company: KPMG UK

AutoReq ID137696BR
Job TitleCorporate Tax Senior Manager - Banking
CountryUnited Kingdom
Service LineUK Int & Complex (UK)
Service Line InformationKPMG's International and Complex UK Tax practice is a dynamic and successful area of our business. A constantly changing and increasingly high-profile field, International and Complex UK Tax can offer an exciting broad range of quality career paths to ambitious people. Working in the International and Complex UK Tax business at KPMG will give you the opportunity to develop relationships with clients assisting them with all their strategic tax requirements. This involves working with clients to produce complex tax computations and returns for HM Revenue & Customs, giving advice on corporate planning and restructuring projects both in the UK and Internationally.

KPMG OverviewKPMG is part of a global network of firms that offers Audit, Tax & Pensions, Consulting, Deal Advisory and Technology services. Through the talent of over 16,000 colleagues, we bring our creativity and insight to our clients’ most critical challenges.

With offices across the UK, we work with everyone from small start-ups and individuals to major multinationals, in virtually every industry imaginable. Our work is often complex, yet our vision is simple: to be the clear choice for our clients, for our people and for the communities we work in.

Job DescriptionBanking Tax is an extremely hot area predicted to grow to £34m in 2017, with Banking Corporate Tax growing from £15.4m to £16.3m (+6%). This is an extremely profitable business at EP of 53%% (FY16) and profit per head £111k (FY16).
- Our senior resource has been depleted over the last year considerably and the team is now being rebuilt and requires significant investment to capitalise on the opportunities.
- The CTA team provides advisory tax work, audit support work and still some compliance and major clients are HSBC, JP Morgan, Lloyds, RBS and Goldman Sachs. There is massive opportunity in these areas for Brexit, BEPS, Gamechanger and linkages with advisory
- Banking is a designated Accelerated Growth area so need to support continued accelerated growth at 9%+ and we now need to start planning for this. This role is part of the Banking investment plan.
- Our Directors are contributing to generating the £16 million banking corporate tax target by identifying opportunities but they are struggling to leverage their wins and opportunities because of a shortage of Senior Managers in particular.
- Corporate Tax Advisors (CTA) are the main relationship holders in the Corporate Tax capability and the drivers of growth as the relationships in this team are often the springboard for sales in many other areas of Tax.

The Role

Currently there is a continued clear need for an additional senior manager who is able to provide deep technical expertise within the team, coupled with a wider commercial skills base and banking industry knowledge to build relationships at our clients. The team at the senior level has been depleted and we now need to rebuild and reposition especially to take advantage of the great opportunities and meet our growth targets. The OECD Base Erosion and Profit Shifting (BEPS) initiative will mean extensive and fundamental changes to the tax systems both in the UK and internationally. Clients will need a lot of help in this area in the next few years and we are already seeing the start of this demand including. With ongoing regulatory and structural change in the sector, and the immediate potential huge disruption caused by Brexit, there is a key growth opportunity in further developing our one firm approach to banking clients.
Just in relation to BEPS and Brexit an estimate of the increased sales revenue that would result from the new role based on our increased ability to access new opportunities in the banking market ranges from a conservative £300k to £1.5m.

The Responsibilities

This role involves working on a range of projects and clients. The work includes:

- Providing tax structuring and tax advice to mainly Banking clients including the growth areas of BEPS and Brexit specific areas
- Developing and leading client relationships
- Understanding the client's business and helping to identify areas for the provision of tax and other services (management incentives, VAT, TP, operational taxes)
- Being involved in business development activity
- Assisting with carrying out detailed technical research
- Working closely with colleagues in Corporate tax Advisors, Transfer Pricing and operational taxes

The Person

We are looking for people who are keen to work in an environment that offers plenty of opportunities for personal and professional development. Whilst working with us you will broaden your project management and technical skills and your commercial acumen. You will also have the opportunity to work with many talented people within the KPMG global network, the financial community and other professional advisers. The person best suited to a role is someone who is bright, driven, and confident who has good communication skills.

- Ability to build client relationships
- Qualified CTA or ACA/CA or equivalent
- Strong interpersonal skills in addition to strong oral and written communication skills
- Excellent UK corporate banking tax knowledge is essential plus an awareness of broader tax, regulatory and accounting areas
- Good general banking industry knowledge
- High level analytical skills and a commercial approach to resolving issues and providing advice
- Ability to lead and drive projects forward
- Task management skills
- Ability to build teams and develop as a coach and lead staff

We recognise that as individuals, we each have particular needs and that one size doesn’t fit all, when it comes to how, when and where you work. That’s why we’re proud to offer our colleagues agile working options. We believe in putting you at the centre of your career – KPMG will offer the training, development and stimulating work environment to help you get to where your career ambitions are. That’s why we introduced ‘Our Deal’ – it’s our way of saying ‘thank you’ for bringing your best to work. As part of ‘Our Deal’, you’ll benefit from a range of rewards from secondment opportunities and preferential banking services to a day off on your birthday and have open, honest conversations about your career development.

Our DealIf the chance to work with interesting clients and innovative technology wasn’t rewarding enough, we’ll motivate you in other ways too. At KPMG you can expect real responsibilities and opportunities to grow professionally.

‘Our Deal’ sets out all the different ways you’ll be rewarded at KPMG. Among other things you can benefit from honest conversations about your career as well as a range of other rewards. In all these ways and more, we have created an environment that can bring out the best in you.

Flexible WorkingWhile some of our client-facing professionals can be required to travel regularly, and at times be based at client sites, we are supportive where possible of helping you to achieve a balance between your home and work demands.

We are happy to discuss individual requirements and our range of flexible working arrangements could be of interest. Furthermore, as part of the recruitment process, we can put you in touch with people who work flexibly so you can understand from them what our culture is like.

Applying with a DisabilityKPMG are proud to be an inclusive, equal opportunity employer and we seek to attract and retain the best people from the widest possible talent pool. As a member of the Business Disability Forum we're committed to ensuring that you are treated fairly throughout our Recruitment Process. Should you be successful after the initial application stage, please discuss any reasonable adjustments that you may require, with your recruitment contact.

KPMG's commitment to diversity

We are proud of the value we place on individuality; we want you to bring your full self to work and truly maximise your potential. We believe that your individuality helps us to deliver the best results for our clients. Diversity of background, diversity of experience, diversity of perspective - that's the KPMG difference. But, don't take our word for it, find out more about diversity at KPMG.

Returning to work after a break
At KPMG, we appreciate that returning to work after an extended career break can be daunting. We understand that those with experience who have taken a career break have a wealth of experience and knowledge to offer our organisation, which helps us to achieve our business goals. We will support you to refresh your skills, develop your confidence and provide a supportive network across the firm to help you best integrate into the working environment. This role welcomes applications for individuals who have been out of work for 18 months or more and who have previous relevant experience.

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KPMG has a commitment to sourcing candidates directly and as such we do not accept speculative CV’s from agencies. Please check here to see our policy on agencies: Policy

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