QNB3714 - Senior Associate, Tax Compliance

About QNB

Job Summary

• 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.

• Customer (Internal & External)

• 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 Maximizing the effectiveness of the tax reporting IT infrastructure and suggest continuous enhancements.

• 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 for tax reporting purposes

• Learning & Knowledge

• 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 personnel.
• Legal, Regulatory, and Risk Framework Responsibilities:
• Comply with all applicable legal, regulatory and internal compliance requirements including, but not limited to, Group Compliance Policies and Procedures (AML & CTF, Sanctions Policy, Data Protection Policy, Fraud Control Policy, Whistle Blowing Policy, Conflict of Interest and Insider Dealing Policy).
• Understand and effectively perform your role under the Three Lines of Defence principle to identify measure, monitor, manage and report risks.
• Ensure systematic good outcomes for clients in accordance with Conduct Risk policy.
• Support the framework of RCSA, KRI, Incident reporting and remediation, as appropriate, in accordance with the Operational Risk Management requirements.
• Maintain appropriate knowledge to ensure full qualification to undertake the role.
• Complete all mandatory training provided by the Bank, attain, and maintain the required levels of competence.
• Attend mandatory (internal and external) seminars as instructed by the Bank.
• Other:
• Unrestricted access at any time to all information, records, personnel and property in Qatar and overseas (as and when applicable) that is required for the effective discharge of his responsibilities. Shall we refer to subsidiaries,
• Maintain utmost confidentiality with respect to the information obtained during the day-to-day performance of his duties/ responsibilities.
• Maintain high professional standards to uphold QNB's reputation and to strengthen its market leadership position.
• All other ad hoc duties/activities related to QNB that management might request from time to time

Education

• and Experience Requirements
• Bachelor degree with relevant professional qualifications such as CAMS/CPA/ CCO/ CIA.
• A minimum of 2 years’ experience in a major banking institution or in a consultancy firm.
• In depth knowledge of banking policies/ procedures, regulatory and best practice pronouncements pertaining to tax compliance, Governance and international tax programs
• Accounting or similar professional qualification is advantageous for some, but not all, roles
• Excellent oral and written communication skills (including report writing) in English and Arabic. Knowledge of additional foreign languages (French) would be desirable.
• Ability to analyze the impact of changes in the relevant regulations on the Group’s compliance risk profile for the Group's operations.
• Planning, organizing and analytical ability.
• Personal integrity and self-management.
• Note: you will be required to attach the following:
• Resume/CV
• Copy of Passport or QID
• Copy of Education Certificate