Our client – a large bank is looking for a Head of Taxes reporting directly to Group CFO in Dubai. 

This senior role will have the responsibility and oversight of global tax reporting and compliance for the Bank's group of companies, spanning VAT, Transfer pricing, Country-by-Country, Master File and Local file reporting as well economic substance law.  This is in relation to UAE, India, Cayman Islands, Luxembourg, Isle of Man, Egypt, Kazakhstan, Kuwait, Qatar and China tax jurisdictions.

Strategy and Plans: 

• In conjunction with, and as required by the CFO of the Group, contribute to the formulation, implementation and delivery of the Group’s strategy in line with the Bank's vision, mission, values and priorities.

• Lead and direct the strategy relating to all indirect taxation (initially focused on VAT) in all jurisdictions (including all subsidiaries in all geographies), translate the strategy into operational business plans for the short, medium and long term within the department(s) and ensure that performance is delivered, monitored and reported and necessary actions are taken to achieve the strategy and plans.

• Design and implement all processes, policies, practices, frameworks and systems in order to enable the Bank to manage the implementation and on-going management of all activities relating to indirect taxation (initially focused on VAT in the UAE).

Advice and Guidance:

• Act as subject matter expert for key stakeholders including the Board, CEO, MEC and all business areas where there is an impact of VAT/other future indirect taxation regimes on the Bank’s products and services and operational areas where the current/future infrastructure (systems, policies, procedures etc.) will need to be designed/changed in order to build awareness and understanding on how indirect taxes such as VAT impact the Bank’s financial and accounting systems and processesProvide practical finance-related advice and solutions for VAT systems and processes in order to support the business to overcome any challenges faced during the implementation, embedding and management of VAT.

• Liaise with business/product teams on new product launches/campaigns to ensure impact of indirect tax is thought through, understood and the impact considered.

Monitoring and Governance: 

• Establish Group and project level governance routines, track the embedding of VAT products, initiatives and processes and monitor performance against defined KPIs to ensure VAT requirements/standards are met and maintained.

• Monitor and oversee the payment of VAT, completion of returns, issuing of certificates and create a repository to record/maintain required documents to ensure all indirect taxes are handled correctly and regulatory/audit requirements are met.

Management Reporting:

• Prepare reports and review VAT framework presentations for the Management Committee and Management Executive Committee in order to ensure accurate up to date information is available/provided, understood and acted upon.

• Handle correspondence and liaise with regulatory/government tax authorities to ensure all reporting/requirements are met.

Leadership:

• Manage employees and teams by overseeing their performance management, recruitment, learning and development to ensure high levels of engagement, and competence, a motivated work environment and to maximise employee contribution to business performance.

The candidate will act as a subject matter expert, lead and direct the strategy and design and implement policies, processes, frameworks and systems for indirect taxation in all jurisdictions (including subsidiaries in all geographies) and monitor/oversee the governance/reporting of all of these aspects to ensure all indirect tax regulatory requirements/standards are met and maintained.

An attractive package with benefits.