QNB-Senior Associate, Tax Compliance

Job Summary

The incumbent will be responsible for assisting in providing tax compliance and related advisory services linked to the internal aspects of policies, procedures, systems and controls and to act in a pro‑active manner toward any regulatory changes in the banking industry and facts, for both local and international environments. Moreover, he/she will be responsible for all tax compliance coordination role on QNB overseas branches and subsidiaries and support them in different tax related projects to satisfy the regulatory requirements and meet the reporting needs according to the fixed deadlines and the due quality.

• Responsible for assisting in delivering adequate tax compliance advisory services provided to business related to the policies and procedures along with any legal aspects involving tax matters.
• Assist in delivering all tax compliance and reporting programs including but not limited to FATCA, CRS, UK FATCA, UK CDOT, OECD Standards.
• Assist in tracking Tax Compliance Programs‑related client documents, monitoring expirations, identifying renewal requirements and working with Client Service to obtain and validate updated documents and records.
• Assist in the problem solving and helpdesk operations related to tax compliance. Implements KPI’s and best practices for Senior Associate, Tax Compliance.
• Promote cost consciousness and efficiency and enhance productivity, to minimise cost, avoid waste, and optimise benefits for the bank. Act within the limits of the powers delegated to the incumbent.

• Liaise with the relevant bodies/entities on a continuous basis, to resolve the queries/ respond to issues raised by them.
• Answer the different enquiries from the correspondent banks related to tax compliance.
• Work closely with Corporate, Treasury and Syndication team to satisfy all tax related requirements before entering new deal.
• Assist in providing training and technical assistance to concerned staff to enhance their capacity to strategically plan the Bank oversight, conduct awareness programs.
• Assist in Maximising the effectiveness of the tax reporting IT infrastructure and suggest continuous enhancements.

• Ensure adequate delivery and feedback on the Group’s policies, procedures based on all compliance requirements along with the international best practice.
• Report the results of compliance advisory efforts of all entities to the Senior Manager Tax Compliance.
• Report on a regular basis to the Manager/Senior Manager Tax Compliance regarding non‑compliance risks, identified breaches and corrective action taken pertaining to the Group’s activities, for onward reporting to the Group Board Audit & Compliance Committee.
• Assist in the implementation of an appropriate system to follow up the tax issues raised against the bank in order to assess their impact and to detect the non‑compliance cases that led to such situation.
• Suggest topics and subjects to be added to the training programmes provided by Group Compliance and ensure there are continuously updated and in line with all the new applicable laws, regulations and best practices.
• Assist in the establishment of a mechanism to follow up on all the tax regulatory and instructions changes for all the financial services operations, locally and internationally.
• Work closely with Information Technology to identify the new tax reporting requirements and reflect them in QNB tax reporting platform.
• Work closely with AML/CTF team to explore capabilities of the AML/CTF framework and IT platform to enhance the customers identification for tax reporting purposes.

• Maintain an understanding of all pertinent laws, tax regulations, policies/ procedures and applicable best practices pertaining to the Group’s operations/ activities locally and internationally.
• Provision of inputs on Department’s training plan and thereby develop/ enhance the skill sets of Group Compliance personnel and provide them with opportunities for career development. Also, identify areas for professional development of self and other Group Compliance…