Tax Risk and Operating Model Lead; Singapore

Job Summary

This role could be based in Singapore and UK. When you start the application process you will be presented with a drop down menu showing all countries, please ensure that you select a country where the role is based.

The Tax Risk and Operating Model Lead is responsible for designing, maintaining and overseeing the Group’s tax risk management framework and operating model. The role ensures that tax risks are identified, assessed, managed and reported in line with the Enterprise Risk Management Framework (ERMF), the Operational Technology & Cyber Risk (OTCR), Financial Reporting Controls Framework (FRCF) and applicable internal tax policy and standards.

Define and maintain the end‑to‑end tax operating model, including process taxonomies, RACI, and clear roles and responsibilities across Tax and non‑Tax functions. Design, set and monitor tax risk thresholds, appetite metrics and associated controls. Support effective governance, oversight and escalation for all material tax risks globally.

• Own and maintain the Group Tax Risk Management Framework, ensuring it is:
• Comprehensive, principles‑based and aligned to the ERMF, OTCR and FRCF
• Consistent with regulatory expectations and internal governance standards.
• Draft, review and update the Group Tax Policy and all underlying Tax Standards ensuring:
• Clear articulation of tax risk appetite and mandatory requirements.
• Consistent application across regions, legal entities and business lines.
• Coordinate periodic reviews, approvals and implementation of tax policy and standards via appropriate governance forums.
• Act as Tax contact for engagement with Risk Officers (for Operational Risk assurance and stress testing), Compliance, and Internal Audit on tax framework, policy and standards related matters.

• Promote a strong tax risk culture across the organisation through:
• Training, awareness sessions and targeted communications.
• Clear articulation of expectations, roles and accountability.

• Design, document and maintain the global tax operating model, including:
• End‑to‑end tax process taxonomy for processes within and outside Tax
• Develop and maintain RACI matrices for material tax processes, ensuring:
• Clear allocation of roles and responsibilities within Group Tax.
• Formalised responsibilities with functions outside Tax (e.g. Finance, Treasury, HR, Operations, Technology, Products, Requisition to Pay).
• Lead engagement with non‑Tax stakeholders to agree responsibilities, hand‑offs and information flows for tax‑relevant activities.
• Ensure operating model documentation is current, accessible and embedded into BAU processes and training.

• Define and maintain tax risk appetite statements, metrics and thresholds in line with Group Risk Appetite Framework.
• Implement processes to monitor tax risk indicators and thresholds, including:
• Breach detection, escalation paths and remediation requirements.
• Periodic reporting of tax risk profile, breaches and emerging risks.
• Oversee the design and quality of tax risk and control assessments (e.g. RCSAs, key controls) and challenge their effectiveness.
• Support scenario analysis and stress testing for tax‑related risks where relevant.

• Support Tax Risk Committee, preparing and presenting materials on:
• Tax risk profile, incidents, emerging risks, issues and remediation.
• Key changes to Tax Policy, Standards and operating model.
• Coordinate responses to internal and external assurance and oversight (e.g. Internal Audit, reviews) relating to tax risk.
• Maintain an effective audit‑issue and risk‑issue remediation log for tax, tracking progress and ensuring timely closure.
• Provide periodic updates to senior management and Board‑level committees (as appropriate) on tax risk and control environment.

• Display exemplary conduct and live by the Group’s Values and Code of Conduct.
• Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard…