External Tax Reporting Specialist

2 weeks ago


Johannesburg, South Africa FirstRand Full time

Job Description

Purpose

The purpose of this role is to provide specialist advice and support to the FirstRand Group across South Africa, the Broader Africa and International jurisdictions in respect of legislative and policy requirements relating to the Common Reporting Standard (CRS) and Foreign Account Tax Compliance Act (FATCA).

The incumbent will be responsible for performing and / or supporting the analysis of regulatory requirements for the development of operational standards; research and development of criteria for process, risk, control, identification and assessment documentation and risk management plans; and supporting any Project / Programme within the FirstRand Group with any ad hoc tasks related to the implementation of FATCA and CRS.

**Responsibilities**:
- Perform research and other analysis on FATCA / CRS to determine impact on the incumbent’s allocated portfolio across South Africa, the Broader Africa or other International jurisdictions.- Provide specialist advice and support to the incumbent’s allocated portfolio across South Africa, Broader Africa or other International stakeholders. This would be inclusive of but not limited to advising and assisting business on the:
- Compilation and maintenance of FATCA / CRS Operational Procedures, Policy and Risk Management Plan per jurisdiction;-
- Document of standard operating rules in respect of customer due diligence for FATCA / CRS;-
- Document of and implementation of operational processes to ensure relevant FATCA / CRS reporting is complete and accurate;-
- Document, implement and maintenance of risk mitigating controls and monitoring operational implementation thereof;-
- Compilation of training content and regular training interventions in line with policy and training guides;-
- Identification of effectiveness of operational processes and procedures through evaluation, assessment and highlighting operational risks where gaps are identified;-
- Review of Business Requirements Specifications (BRS); and-
- Any determination on operational and procedural synergies that can be leveraged.-
- Review FirstRand Group entities to identify entities required to comply with the customer due diligence and reporting requirements under FATCA and CRS and register the entities with the applicable revenue authority to obtain a Global Intermediary Identification Number (GIIN) and / or other as applicable for FATCA / CRS reporting purposes;- Ensure that changes to FirstRand Group reporting entities are updated for the purposes of registration / deregistration under FATCA / CRS.- Reviewing and advising the operational areas whether any customer due diligence enhancements are required / has been amended.- Participating in any Deal Conclusion Forum / New Product approval as appropriate; and-
- Product review for FATCA / CRS reporting scope;-
- Participate in / assist where necessary in the South Africa and other jurisdictions’ industry forums / revenue authority workshops, with regular feedback to stakeholders in an appropriate communication method;- Perform monitoring within the agreed ambit of FRGT’s Frameworks and Policies. This is inclusive of but not limited to:
- Formulating an overview report of any customer due diligence non-compliance issues as identified through internal audit and/or compliance monitoring as conducted through internal Group Compliance or Group Internal Audit compliance monitoring (as logged on Archer or applicable compliance monitoring system) procedures;-
- Ad hoc independent reviews;-
- Raising and escalating applicable non-compliance risks as identified at the applicable Governance and Tax forum(s), relevant CFO Forum, Group Tax StratCo and FirstRand Tax Risk Committee (as maybe required); and-
- Facilitation of any compliance attestation process as required by a revenue authority for example the FATCA Responsible Officer attestation.-
- Any other duties that broadly fall outside the scope of those outlined above, but which are reasonably compatible with this job description and its objectives across the allocated portfolios where required.

Qualifications and experience- Undergraduate diploma in Law or Risk Management or equivalent.- At least 3 years relevant experience in FATCA / CRS is preferred.- Knowledge of the legislative and regulatory framework pertaining to banking, financial crime and the financial services industry would be an advantage.- Basic understanding of the compliance risk management process.

Other skills- Work independently with limited supervision (self-starter).- Knowledge of and insight into fundamental business practices and principles, the business domain and the industry. Quickly understands the business issues and challenges of the FirstRand Group.-
- Creative thinking and problem solving.- Quality focused and strong on delivery and meeting of deadlines.- Maybe be required to travel to fulfil the requirements of this role.

Job Details

Application Closing Date

14/03/24


  • Direct Tax Specialist

    4 weeks ago


    Johannesburg North, South Africa Communicate Recruitment Full time

    **CAPEX valuation models? Income tax legislation? Transfer pricing policies?** A well-established JSE listed Manufacturing company is looking for a Direct Tax Specialist to join their organization. If you are analytical, persuasive, HIGHLY organized and have a knack for tax frameworks, processes, systems and policies then this is for you! Reporting to the...

  • Direct Tax Specialist

    4 weeks ago


    Johannesburg North, South Africa Communicate Recruitment Full time

    **Advisory... Corporate Tax... Tax Accounting?** A well-established JSE-listed Oil, Gas and Petroleum company is looking for a **Direct Tax Specialist **to join their organization. If you are experienced with tax accounting, comfortable with the advisory/consulting space and are a corporate tax guru, then this one is for you! Reporting to the Head of Tax,...


  • Johannesburg North, South Africa Communicate Recruitment Full time

    This global entity is looking for a Corporate Tax Specialist! Position: Direct Tax Specialist Location: Johannesburg North, Gauteng **Salary**: R 800 000.00 - R 950 000.00 per annum **Company and Job Description**: This multinational brand in the Oil and Gas industry is expanding their team and they are looking for a Senior Corporate Tax Specialist to...


  • Johannesburg South, South Africa CA Financial Appointments Full time

    An exciting opportunity has become available within a mining holding company for a Group Tax Specialist. Reporting to the Group Financial Manager the successful incumbent will be responsible for providing input and implementing a tax strategy to manage all tax matters within the group. **Responsibilities**: - Ensure accurate submission of all returns and...

  • Tax Specialist

    7 days ago


    Johannesburg, South Africa Nedbank Full time

    **Closing Date** - 24 February 2023**Job Purpose** - To manage and minimise the cost of taxation in its broadest sense to CIB. To control, evaluate and minimise all tax exposures emanating from transactions concluded within CIB or administered on behalf of Nedbank within CIB through ensuring compliance with absolute integrity with the requirements of...

  • Tax Specialist

    4 weeks ago


    Johannesburg, South Africa Salix Recruitment Full time

    A multinational mining company is looking for a Tax Specialist, This organisation has built a culture that rewards dedicated people, operating in more than 37 countries with a diversified business structure.


  • Johannesburg, South Africa De Beers Group of Companies Full time

    **Company Description - Join us as a Tax Specialist-Operational Excellence.** Group Tax seeks to contribute to Anglo American's Purpose of re-imagining mining to improve people's lives through our Tax Mission: Through our people we are respected partners, delivering sustainable value and innovation, and responsibly leading change. In practice, this includes...

  • Tax Specialist

    5 days ago


    Johannesburg, South Africa The Recruitment People Full time

    Tax compliance - Tax accounting and reporting - Tax risk management, including dealing with tax audits. - Corporate tax **Minimum Requirements**: - BCom - 3 years experience - Professional membership (SAIPA, SAICA, SAIT)


  • Johannesburg North, South Africa Communicate Recruitment Full time

    An established, well-rounded Financial Services institution, with decades in the game, is looking for a **Life Assurance/Insurance** industry exposure. **Duties**: - Ensure tax compliance - Optimise tax awareness - Manage internal and external stakeholders - Financial reporting of tax transactions - Consult & support the Group Tax Head - Implement tax...


  • Johannesburg, South Africa SNG GrantThornton Full time

    An exciting opportunity is currently available for an experienced Corporate Tax specialist who offers sound knowledge and working experience as a Corporate Tax Consultant role, preferable with previous consulting work experience. **Key Performance Areas Include** - Manage a portfolio of clients - Review or preparation of tax computations including deferred...

  • Tax Specialist

    3 days ago


    Johannesburg, South Africa Milton Resourcing Full time

    **Duties**: - Tax policies and process improvement - Preparation and filing of corporate income tax returns for the group companies - Identification of tax issues or changes to legislation affecting the group - Ensuring that Dividends, Royalty and Interest Withholding tax returns are prepared and filed in a timely manner Job Experience & Skills...

  • Tax Manager

    4 weeks ago


    Johannesburg, South Africa KPMG-SouthAfrica Full time

    Job title/position: Tax Manager (VAT) or Senior Tax Manager (VAT)) Number of positions: 1 Function and Business Unit: Tax & Legal - Indirect Tax (VAT) Johannesburg Description of the role and purpose of the job: To provide a wide range of VAT consulting/advisory services to a large portfolio of clients, including involvement on external audits as a...


  • Johannesburg, South Africa Communicate Recruitment Full time

    You will be a well versed specialist performing the following but not limited to:Preparation of technical interpretation papers on IFRSPresentation and debate with external auditorsTechnical argument papers to Group AuditSupporting business with technical accounting mattersAssistance on the tax calculations and interpretation across the group through...


  • Johannesburg, South Africa Adzuna ZA B C2 Full time

    You will be a well versed specialist performing the following but not limited to:Preparation of technical interpretation papers on IFRSPresentation and debate with external auditorsTechnical argument papers to Group AuditSupporting business with technical accounting mattersAssistance on the tax calculations and interpretation across the group through...


  • Johannesburg, South Africa Communicate Recruitment Full time

    You will be a well versed specialist performing the following but not limited to:Preparation of technical interpretation papers on IFRSPresentation and debate with external auditorsTechnical argument papers to Group AuditSupporting business with technical accounting mattersAssistance on the tax calculations and interpretation across the group through...


  • Johannesburg, South Africa Aspen Pharma Group Full time

    **ROLE PURPOSE**: To provide tax assistance and support to the Group Tax Executive and allocated Regional Tax Manager for Aspen Group companies by ensuring the managing and overseeing of the Aspen Group’s tax affairs. **KEY PERFORMANCE AREAS**: Accounting for taxes and related party transactions - Ensures that corporate tax liabilities for your region are...


  • Johannesburg, South Africa Aspen Pharma Group Full time

    **COMPANY OVERVIEW** Are you looking for a career opportunity with an organisation whose values resonate with you? At Aspen all advice is internally generated, and the Tax Team has demonstrated their ability to deliver high quality internal advice, time-and-time again. We’re looking for a tax professional, who understands the nuances between domestic...


  • Johannesburg, South Africa Milton Resourcing Full time

    **Duties**: - Tax policies and process improvement - Preparation and filing of corporate income tax returns for the group companies - Identification of tax issues or changes to legislation affecting the group - Ensuring that Dividends, Royalty and Interest Withholding tax returns are prepared and filed in a timely manner Job Experience & Skills...

  • Group Tax Supervisor

    4 weeks ago


    Johannesburg, South Africa Accounting & Financial Advisory Full time

    **Job Title**: Group Tax Supervisor **Job Purpose**: The Group Tax Supervisor is responsible for overseeing and managing the tax compliance and planning activities of the organization, ensuring adherence to all relevant tax laws and regulations. They will supervise a team of tax professionals, providing guidance and support in tax matters, coordinating tax...


  • Johannesburg, South Africa Transnet Full time

    **_ Equity Statement :Preference will be given to suitably qualified Applicants who are members of the_** **_designated groups in line with the Employment Equity Plan and Targets of the Organisation/Operating_** **_Division._** **_ Alternative Application Methods: (Completed Curriculum Vitae to be submitted)_** Post: E-mail: Fax: before the closing date of...