Operational and Investment Taxes Manager

Job Description

Lloyds Banking Group is the UKs biggest Digital, Retail and Commercial bank seeking to help Britain prosper. And were transforming our products and platforms with £3bn of investment to become the bank of the future.Could you help us make this possibleTheOperational Taxes Team is part of Group Tax and is responsible for the oversight of the Operational Tax risks of Lloyds Banking Group as a whole. This role involves working as part of a team and would provide informative, high quality, sophisticated output,advice and mentorship tailored to senior partner needs, operating as an Operational Tax specialist. The main focus of the role will be on Investment Taxes for the Insurance & Wealth business.Your role will be to provide oversight of tax processes completedby appointed Custodians including receipt of overseas investment income net of treaty withholding tax rates, tax reporting and tax compliance processes for Insurance & Wealths UK OEICs and investment funds. These processes are undertaken by third party outsourcersand the oversight work ensures that they are carried out to the required high standards and timescales as detailed in service level agreements, so that the funds tax position is fully understood and controlled in an efficient manner.You would also lead withholdingtax processes for territories and rates not covered by the outsourcing arrangements. This means youll work closely with project teams, advisory teams and external advisors on developments affecting the investment portfolio, to grow our service and add valuefor our customers by improving their return on investment.Youll need to have technical tax knowledge for OEICs and other collective investments along with considerable experience of custodian working practises and the accessing of beneficial withholding taxrates via relief at source and reclaim mechanisms. Combined with your technical knowledge and skills, youll be a great communicator. Someone that can see the bigger picture and think commercially, youll take ownership to develop the relationships with thirdparty providers and work collaboratively with them to drive, question and gain value from the services and benefits we deliver for our customers. Key Capabilities/ Knowledge/ Experience include but are not limited to: Specialist Investments Tax knowledge includingoverseas tax and withholding tax rules for Open Ended Investment Companies (OEICs) and other collective investments. Proven track record of working in the tax function of a large corporate group or professional accounting organisation, preferably in the FinancialServices sector. Experience of providing oversight of outsourced withholding tax and OEIC tax compliance processes including the appointment of overseas tax agents. Experience of attaining global double taxation treaty rates, EU country domestic rates on investmentincome via relief at source, reclaims and completion of associated tax documentation. Understanding of withholding tax accounting policies. A tax qualification is preferable. A natural when it comes to relationship management skills, with a proven abilityto analyse, challenge and influence. As an Advisory role, experience in managing different partner relationships at all levels. You will be joining an experienced Operational Taxes team that advise the Group on all Operational Taxes matters including StampTaxes, Pensions tax reporting and all customer tax reporting including Bank Building Society Interest (BBSI), Other Interest (OI), ISAs, Foreign Account Tax Compliance Act (FATCA), Common Reporting Standard (CRS) etc. Experience in some of these areas wouldbe beneficial although its the Investment Tax experience that is key. Youd get a benefits package that includes; A performance related bonus Generous pension contribution 30 Days leave plus bank holidays A flexible cash pot (4% of base salary) to spend onbenefits Private health cover Were dedicated to giving you opportunities and support to develop you both expertly and personally to optimise your potential.As a new colleague, youll join us on our journey to build a 21st century bank that reflects modernBritain, and craft an inclusive culture where all colleagues feel encouraged and valued.Were committed to building a workforce which reflects the diversity of the customers and communities we serve, and to building an inclusive environment where all our colleaguescan be themselves and succeed on merit. We support the principles of agile working and are happy to consider flexible working arrangements. Were an equal opportunity employer and deeply value diversity within our organisation.So if you have the knowledgeand you want to work for an organisation that makes you feel valued, wed love to hear from you!Together, we make it possible.