Tax Processing Operator Job in Deutsche Bank

Tax Processing Operator

Position Overview

Job Title: Tax Processing Operator

Location: Bangalore, India

Position Description

The Tax Processing Analyst is responsible for the operational processing of specific tax-related processes, residing within the Tax Utility, including but not limited to: Tax reclaims. Tax reporting. Relief and Source processing. The Tax Processing Analyst has responsibility to complete all daily process activities in line with the Risk and Control framework present in the Tax Utility, escalate where issues are identified or processes are not completed within existing key time lines. The Tax Processing Analyst has direct interaction with internal and external parties including trading desks, counterparties and clients, and must ensure accurate and timely responses.

What well offer you

As part of our flexible scheme, here are just some of the benefits that youll enjoy

• Best in class leave policy
• Gender neutral parental leaves
• 100% reimbursement under child care assistance benefit (gender neutral)
• Flexible working arrangements
• Sponsorship for Industry relevant certifications and education
• Employee Assistance Program for you and your family members
• Comprehensive Hospitalization Insurance for you and your dependents
• Accident and Term life Insurance
• Complementary Health screening for 35 yrs. and above

Your key responsibilities

• Managing the day to day processing/deliverables for operational tax processes like Financial Transaction Tax, Stamp Tax, and Transfer Fees Reconciliation etc. for the businesses/regions supported by Operational Tax
• Advise on the right level of documentation and tax rates to be applied per country/ counterparty status
• Ensure that there are no misses in any of the internal/external or regulatory deadlines,
• Ensure continuous maintenance of relevant Tax data on back office systems
• Review the processes undertaken within the team and redevelop and redesign where cost savings/efficiencies can be made
• Drive regulatory changes in partnership with IT and Business within operations.
• Interpretation of amendments to the existing rules and regulations pertaining to the relevant tax.
• Mange the Monthly/Annual reporting and relevant payment processes to the regulators
• Ensure all client (internal and external) queries are dealt with in a timely and effective manner. Experience of directly dealing with Clients would be an added benefit
• Produce Tax MIS and maintain full audit trails
• Knowledge of Equities Trade Life cycle, Reconciliation of Nostro and internal accounts, Exposure to back office systems and Reconciliation systems like TLM, etc. will be an added advantage

Your skills and experience

Operational Tax is part of Group Technology and Operations and is responsible for managing and supporting all operational tax processes for Deutsche Bank AG and associated entities. The Tax operations team is comprised of 5 sub processes 1) Financial Transaction Tax 2) Cost Basis 3) Derivative Tax 4) Stamp Tax 5) FATCA 6) Tax Reclaims. The tax process is responsible for managing key regulatory tasks like,reporting and payment of French and Italian Financial Transaction Tax to the Tax Authorities, FATCA and CRS reporting, allocation of payments, calculation of NRA tax and reconciliation of tax applied between the DB systems and the tax authorities

The candidate will be responsible for and manage operational support for the reporting, payment and reconciliation functions of Financial Transaction Tax, Stamp Tax, Transfer Fee and other such taxes wherein the core responsibilities will include but not limited to, the day-to-day processing functions within pre-defined timelines and ensuring the process is run in a controlled manner wherein all the relevant Key Processing Indicators are achieved and delivered as agreed. The activities also include the responsibility of filing tax returns, tax reporting, tax payments and tax audits.

The candidate would be expected to be well verse with the various Tax regulations and have the ability to understand the various aspects and concepts of taxes like Financial Transaction Tax, Stamp Tax, Withholding Tax, Reclaims filing, Reporting, and Payments etc.

Experience/Exposure

• Excellent verbal and written communication skills
• Accounts- Reconciliation, Substantiation, MIS, Payments
• Knowledge of Tax Transaction and Stamp Taxes
• Settlements Financial instruments, Custody & Asset management
• Knowledge/ Experience in reconciliations
• Exposure to Equities Settlements / Asset Management preferred
• Strong time management, organizational, planning and follow-up skills; ability to multi-task effectively
• Exposure to TLM
• Ability to prioritize competing demands
• Strong analytical and problem solving skills
• Proficient in MS office applications
• Strong capacity to assimilate other stakeholders perspectives and fast learning abilities
• Ability to use sound judgment to meet regulatory standards
• General knowledge of Business Banking product set

How well support you

• Training and development to help you excel in your career
• Flexible working to assist you balance your personal priorities
• Coaching and support from experts in your team
• A culture of continuous learning to aid progression
• A range of flexible benefits that you can tailor to suit your needs

About us and our teams

Please visit our company website for further information:

Our values define the working environment we strive to create diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.
We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, sexual orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.

Click to find out more about diversity and inclusion at Deutsche Bank.