Job Description:
Job Title: Senior Tax Advisor - Transfer Pricing
Corporate Title: Director
Location: London
Company Overview:
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We're devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.
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Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.
Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!
Location Overview:
Our London office is based just a stone's throw from the magnificent St. Paul's Cathedral on bustling King Edward Street. Here you'll find modern workspaces and a state-of-the-art auditorium space. In addition, we're proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus which have been created with the planet in mind. Make sure to take time for yourself and head up to our rooftop terrace and take in the spectacular views across London. Finally, your physical wellness is well-catered for with our onsite gym facilities and medical centre.
Job Description:
The job is responsible for complex tax planning, forecasting, and/or advisory activities. Key responsibilities include complying with complex tax reporting requirements of various governmental jurisdictions minimizing tax liabilities, researching tax issues, developing effective tax optimization, and providing business unit support to business partners on complex issues. Job expectations include managing highly complex business partner relationships and having in-depth subject-matter expertise in relevant areas.
The Senior Tax Advisor will assist the Global Head of Transfer Pricing ("TP") with management of the in-house global Transfer Pricing function, including (but not limited to):
- Overall coverage of the EMEA and APAC regions
- Participating in governance routines and reviewing data sources to ensure timely identification of new intercompany relationships
- Design, implementation and ongoing maintenance of TP methodologies
- Liaison with key internal stakeholders
- Policing and supervising all aspects of the Global TP Policy
- Assist external vendor with coordination and smooth running of annual TP documentation processes
- Dealing with external auditors, tax authority audit queries or regulatory investigations
The candidate must be able to manage several projects at one time and engage with senior individuals in business and support functions. An energy to learn about the Company's businesses and manage tax risk effectively and efficiently are required, as well as, strong written and oral communication skills. Both an independent working bias and an ability to operate within cross-functional teams are also important.
Responsibilities:
- Analyses and interprets more complex tax laws and regulations
- Assists in the preparation of complex tax planning and compliance strategies
- Reviews federal, state, and local tax returns
- Researches and analyses more complex tax issues
- Oversees the preparation of tax compliance and reporting requirements
- Reviews tax estimates and projections
- Identifies and implements process improvements
Managerial Responsibilities:
This position may also have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.
- Diversity & Inclusion Champion: Models an inclusive environment for employees and clients, aligned to company D&I goals
- Manager of Process & Data: Demonstrates deep process knowledge, operational excellence and innovation through a focus on simplicity, data-based decision making and continuous improvement
- Enterprise Advocate & Communicator: Communicates enterprise decisions, purpose, and results, and connects to team strategy, priorities and contributions
- Risk Manager: Ensures proper risk discipline, controls and culture are in place to identify, escalate and debate issues
- Financial Steward: Actively manages expenses and budgets in alignment with objectives, making sound financial decisions
- Enterprise Talent Leader: Assesses talent and builds bench strength for roles across the organization
- Driver of Business Outcomes: Delivers results by effectively prioritizing, inspecting and appropriately delegating teamwork
Required Skills:
- Bachelor's degree in related field
- Working knowledge of OECD Guidelines and US Transfer Pricing Regulations
- Analytical and problem-solving mindset
- Extensive experience in law firm, accounting firm or financial services specializing in transfer pricing
- Financial services experience
- Able to manage multiple projects simultaneously
- Effective communication skills. The role involves frequent communication with senior internal and external stakeholders
Desired Skills:
- At least intermediate-level proficiency in Excel, Word and PowerPoint
- Upward management skills
- Working knowledge of international (non-US) tax systems
- Effective business influencer
Benefits of working at Bank of America
UK:
- Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner
- Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons
- 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum
- The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc.
- Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.
- Access to an Employee Assistance Program for confidential support and help for everyday matters
- Ability to donate to charities of your choice directly through payroll and the bank will match your contribution
- Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK's most iconic cultural institutions and exhibitions.
- Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.
Bank of America:
Good conduct and sound judgment is crucial to our long term success. It's important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.
We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.
We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.