About QNB QNB Group, the largest Financial Institution in the Middle East and Africa are looking to hire a Specialist - Tax Compliance, to meet the expansion needs of our office in QNB - Qatar//Doha. QNB has enjoyed continued success with Net Profits of QAR 10.8 billion (USD3 billion) in 2018 (up by 6%) and increased Total assets to QAR 853 billion (USD 234 billion). The Group now employs over 29,000 employees in 1,200 locations, with an ATM network of more than 4,300 machines.
Role Summary: The role is responsible for leading the Group's International Compliance and Anti Money Laundering (AML)/ Counter Financing of Terrorism (CFT) efforts in line with the relevant directives and recommendations issued by the regulators of each jurisdiction where the Bank is operating, best practices and applicable international bodies including the Financial Action Task Force (FATF), to prevent the Group from being exposed to the risk of legal/ regulatory sanctions and the associated financial/ reputation loss that the Group may incur/ suffer as a result of failure to comply with the regulator requirements.
Role Description: Responsible for development of and providing adequate tax compliance advisory services to business, related to development of related policies, procedures, forms, circulars, guidelines, etc. along with any legal aspects involving tax matters in view of the non-compliance risk assessment by the Group with respect to its domestic and international operations and thereby reduce the risk of regulatory breaches, which could result in financial losses/ penal actions and the associated adverse impact to reputation. Responsible for all tax compliance and reporting programs including but not limited to FATCA, CRS, UK FATCA, UK CDOT, OECD Standards. Responsible for Country-by-country Reporting, FATCA and CRS reporting and compliance for the Group. Liaising with IT teams to provide subject matter expertise on due diligence/reporting on technical schema requirements.
Has diverse experience in tax compliance due diligence, inbound and international tax advisory, advice on OECD guidelines, FATCA guidelines, withholding tax advisory, VAT implementation advisory, filing tax returns and in other areas including financial analysis and risk management involving equities, deposits, SPVs, etc.
Responsible for effective tax management within the Group as per the best practices and application of local and international tax laws and regulations and due diligence. Review the existing business deals and overall Group structure and strategies to identify and mitigate tax risks. Assist Financial Crime Compliance team identifying the most recent trends related to tax evasion. Maintain and update records including Tax Compliance Programs Checklists to report and record Tax Compliance Programs determinations and to support internal and external audit requirements.
Manage tax compliance, reporting, and filing of tax returns for all the Group entities. Coordinate with the local administrators and ensure timely tax payment and filing of tax returns to the local tax authorities. Liaise with tax authorities and provide tax audit support for the Group. Answer the different enquiries from the correspondent banks related to tax compliance.
Oversee the maintaining and updating of the tax compliance framework, monitoring compliance with requirements in framework, monitoring certain business processes, establishing and maintaining a record of operational procedures manuals.
Ensure that new products and services as well as all new/ significantly amended Group policies, manuals and procedures are applicable to the Group's operations are vetted from a Compliance perspective. Assist in providing advice and hands on assistance with issues related to : QCB instructions, QFMA Codes, Tax compliance programs, etc. Assist in providing compliance consulting in areas of consumer, non-consumer and commercial compliance relative to their line(s) of business, tax compliance international regulatory bodies, etc.
- Report the results of tax compliance advisory efforts of all entities to the Head of Tax Compliance and Senior Management within Compliance. Support the Head of Tax Compliance prepare adequate studies to be distributed to the senior management as well as the concerned business and operation lines.
Assist the Head of Tax Compliance providing high level advice and hands on assistance with issues related to : QCB instructions, QFMA Codes for financial Services and Corporate Governance, Tax compliance programs, Stress testing guidelines, Basel principles and guidelines on banking supervision, Foreign Account Tax Compliance Act, US Treasury and IRS regulations, Pillar 3 of the Capital adequacy framework, Legal framework of QNB Group operations (local and international regulations), Application of FCA handbook requirements application of Banque de France/CECEI regulations; MAS and Swiss Federal Commission, FATF recommendations, ICC-uniform customs and practice for documentary credit (UCP 600), OECD Corporate Governance Standard along with any international standard
Bachelor degree with relevant professional qualifications such as CPA /CCO/CIA.
A minimum of 11 years' experience in a major banking institution or regulatory agency out of which several years should be in a supervisory role relating to Tax Compliance or Internal Audit.
Note: you will be required to attach the following: 1. Resume / CV
Internal Number: 5439650
About Qatar National Bank (QNB)
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