External Tax Reporting Specialist

7 months 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



  • Johannesburg, South Africa Babantle Experts Full time

    Requirements: - B. Com qualification - Tax qualification (H Dip Tax Law or similar) or at an advanced stage of study thereto - Minimum 3 years tax specific post-qualification experience Experience in interacting at senior management- Well-developed understanding of accounting principles - Basic commercial awarenes - Specialist, in-depth understanding of tax...


  • Johannesburg, South Africa FirstRand Full time

    Job Description To provide tax reporting, system and operational support in relation to various tax regulations Hello Future Tax Specialist Welcome to FNB, the home of the #changeables. We design for the shapeshifters and deliver products and services that make us incredibly proud of people that make it happen. As part of our team in FNB Wealth and...


  • Johannesburg, South Africa FirstRand Full time

    Job Description To provide tax reporting, system and operational support in relation to various tax regulations Hello Future Tax Specialist Welcome to FNB, the home of the #changeables. We design for the shapeshifters and deliver products and services that make us incredibly proud of people that make it happen. As part of our team in Wealth and...

  • Tax Specialist

    7 months ago


    Johannesburg, South Africa Ericsson Full time

    **About this opportunity** Tax Specialist main responsibilities are to provide high quality in tax accounting and reporting, provide tax reporting in compliance with internal and external requirements, support mitigation of tax risks, and to provide tax advice. **What you will do** - Prepare income tax calculations, accounting, and filing - Prepare...

  • Tax Specialist

    1 day ago


    Johannesburg North, South Africa Communicate Recruitment Full time

    An established, well-rounded Financial Services institution with decades in the game is looking for a **Lead Tax Projects Specialist** to join its team. Reporting to the Head of Tax, this individual must have experience and exposure to corporate finance transactions, group restructurings, mergers and acquisitions and structured investment products,...


  • Johannesburg, South Africa MTN Nigeria Full time

    Consultant: Group Tax The role must deliver in the below context: - An expertise-based multicultural organisation - A dynamic and evolving field of Telecommunications - Dynamic Tax, Legal and Regulatory environment - Evolving industry sector constantly presenting new challenges and opportunities to the core businesses - Rapid horizontal and vertical...


  • Johannesburg, South Africa FirstRand Full time

    Job Description To provide tax reporting, system and operational support in relation to various tax regulations - Prevent wastage and identify process improvements to contain and reduce costs - Build working relationships across teams and functional lines to enhance work delivery, collaboration, and innovation - Plan for value-added process improvements,...


  • Johannesburg, South Africa FirstRand Full time

    About us, purpose, experience and qualifications **about us**: **purpose**: - To provide tax reporting, system and operational support in relation to various tax regulations.**experience and qualifications**: - Bachelor of Commerce or equivalent qualification in Finance or similar field - 3 to 5 years in a similar industry**additional requirements**: -...

  • Tax Specialist

    1 week ago


    Johannesburg, South Africa Hollard Recruitment Full time

    **Job Advert Summary**: The role requires a self-driven tax specialist with tax technical skills, an understanding of accounting principles and experience to support and be a trusted advisor to business in relation to financial transactions, group restructuring transactions, structured investments products and financial transactional product. To manage tax...

  • Tax Specialist

    7 months ago


    Johannesburg North, South Africa Communicate Recruitment Full time

    A Well -Known Management Services entity based in Johannesburg is looking for a Tax Specialist who will be providing high quality assistance in tax compliance, accounting, and reporting, supporting mitigation of tax risks; and providing tax advice for the Group of Companies in South Africa Qualifications: - BComm in Accounting, Finance and/or Tax Law or...

  • Tax Specialist

    4 months ago


    Johannesburg North, South Africa Ariston Global Full time

    **Introduction** Ariston Global, an award winning international advisory firm, requires a Tax Specialist to be based at its offices in Bryanston (Johannesburg). The incumbent must meet the minimum criteria as set out below. Applications that do not meet the minimum criteria shall be disqualified from the recruitment process. Understanding the process for...


  • Johannesburg North, South Africa Communicate Recruitment Full time

    An established, well-rounded Financial Services institution with decades in the game is looking for a **Lead Tax Projects Specialist** to join its team. Reporting to the Head of Tax, this individual must have experience and exposure to corporate finance transactions, group restructurings, mergers and acquisitions and structured investment products, including...


  • Johannesburg, South Africa Jobted ZA C2 Full time

    Key Responsibilities: - Prepare and review monthly, quarterly, and annual financial statements in compliance with accounting standards (GAAP/IFRS). - Manage tax compliance processes, including the preparation and filing of federal, state, and local tax returns. - Assist with preparing and reviewing tax provisions, ensuring compliance with all tax laws and...

  • Tax Specialist

    6 days ago


    Johannesburg, South Africa Ericsson Full time

    **Our Exciting Opportunity!** We are now looking for a Specialist to ensure tax legislation, mitigate tax risks, provide expert tax advice and to ensure high quality in tax accounting and reporting. The Tax Specialist is functionally responsible for the following activities: **You will**: Manage Direct Tax including withholding tax Manage Indirect...


  • Johannesburg, South Africa NETWORK IT BRUMA Full time

    **Job and Company description**: My client is a cutting-edge company, with an industry leader status, and is a supplier of a variety of high-quality products that are in demand within the manufacturing market. They are committed to meeting their customer needs, by consistently delivering outstanding products and exceptional service. They are looking for a...

  • Senior Tax Specialist

    3 months ago


    Johannesburg, South Africa Nedbank Full time

    **Requisition Details & Talent Acquisition Consultant** - REQ 136540 - Michelle Thabethe Location: Sandton Closing Date: 1 November 2024- Job Family- Finance - Career Stream- Tax - Leadership Pipeline- Manage Self Profession (MSP)**Job Purpose** - To support the achievement of the Tax strategy, objectives and values by providing commercially relevant tax...

  • Senior Tax Specialist

    7 months ago


    Johannesburg, South Africa Nedbank Full time

    Job Family- Finance - Career Stream- Tax - Leadership Pipeline- Manage Self Profession (MSP)**Job Purpose** - To support the achievement of the Tax strategy, objectives and values by providing commercially relevant tax advice and support to Nedbank Group and ensuring delivered systems, process, services and solutions are aligned.**Responsibilities**: -...


  • Johannesburg, South Africa Network Recruitment Full time

    Key Responsibilities:Prepare and review monthly, quarterly, and annual financial statements in compliance with accounting standards (GAAP/IFRS).Manage tax compliance processes, including the preparation and filing of federal, state, and local tax returns.Assist in preparing and reviewing tax provisions, ensuring compliance with all tax laws and...


  • Johannesburg, South Africa Network Recruitment Full time

    Key Responsibilities: Prepare and review monthly, quarterly, and annual financial statements in compliance with accounting standards (GAAP/IFRS). Manage tax compliance processes, including the preparation and filing of federal, state, and local tax returns. Assist with preparing and reviewing tax provisions, ensuring compliance with all tax laws and...


  • Johannesburg, South Africa Network Recruitment Full time

    Key Responsibilities:Prepare and review monthly, quarterly, and annual financial statements in compliance with accounting standards (GAAP/IFRS).Manage tax compliance processes, including the preparation and filing of federal, state, and local tax returns.Assist with preparing and reviewing tax provisions, ensuring compliance with all tax laws and...