Senior Associate, Tax Compliance

About QNB

Established in 1964 as the country’s first Qatari-owned commercial bank, QNB Group has steadily grown to become the largest bank in the Middle East and Africa (MEA) region.

QNB Group’s presence through its subsidiaries and associate companies extends to more than 31 countries across three continents providing a comprehensive range of advanced products and services. The total number of employees is more than 28,000 serving up to 20 million customers operating through 1,000 locations, with an ATM network of 4,300 machines.

QNB has maintained its position as one of the highest rated regional banks from leading credit rating agencies including Standard & Poor’s (A), Moody’s (Aa3) and Fitch (A+). The Bank has also been the recipient of many awards from leading international specialised financial publications.

Based on the Group’s consistent strong financial performance and its expanding international presence, QNB currently ranks as the most valuable bank brand in the Middle East and Africa, according to Brand Finance Magazine.

QNB Group has an active community support program and sponsors various social, educational and sporting events.

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.

Shareholder & Financial:
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.

Internal (Processes, Products, Regulatory):
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 programs 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…