- To response to customer queries in relation to tax
- To perform any tax initiation for the purpose of custody operation service excellence
- To build relevant relationships with internal and external parties in relation to tax
- To wisely maintain discussion within the team, cross unit in SS, other related unit/ party outside SS (e.g. country tax, legal, other custodian banks, etc) for the related taxation matters in SS
- To manage and supervise tax unit of custody which includes:
- To apply tax reduction at source to KSEI and ensure that clients receive correct withholding tax rate
- To daily process withholding tax on Funds and issue the tax voucher correctly.
- To pay the withholding tax that have been deducted to Tax Office and reported timely and accurately
- To process tax reclaims application to the Authority and monitor properly
- To ensure compliances with the regulatory requirements set by Tax Authority and also the banks established procedures.
- To motivate and build teamwork spirit amongst staff as to create conducive working climate and at the same time monitor their performance.
- To train and guide staffs for self-development and improvements through training programmes and continuous update of market developments to equip staff with knowledge which would accordingly improve the quality of work
- To ensure documents are properly filed for easy retrieval when references to documents are required
- To maintain the good relationship with the stock brokers, the registrar office, the issuing Company(ies), KSEI, the other Custodian Banks and Tax Authority
- To ensure that the WHT is reconciled on daily basis and total of WHT tax deducted is equal with the WHT paid to the State Treasury
- To constantly initiate review and implementation of cost effective and practical procedures via systematic analysis, automations and computerisation in order to increase the level of efficiency and productivity leading to higher profitability.
- To fully comply with the group policy and standards on Money Laundering Prevention or local regulatory requirements for the prevention of money laundering
- To make prompt report of suspicious transactions or proposed transaction according to the documented process on reporting and/ or in compliance with local regulatory requirements.
- Support Tax Unit Head as a Back Up of Tax Manager and also as a pairing discussion relating to the All Tax Matter.
We're an international bank, nimble enough to act, big enough for impact. For more than 160 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents. And we can't wait to see the talents you can bring us.
Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion. Together we:
- Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
- Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
- Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
- Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations
- Time-off including annual, parental/maternity (20 weeks), sabbatical (12 weeks maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum
- Flexible working options based around home and office locations, with flexible working patterns
- Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
- A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning
- Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.
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Standard Chartered