About Standard Chartered
We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East. To us, good performance is about much more than turning a profit. It's about showing how you embody our valued behaviours - do the right thing, better together and never settle - as well as our brand promise, Here for good. We're committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation. This in turn helps us to provide better support to our broad client base. Job Purpose To direct and control the day-to-day function of tax processing and ensure that these service are performed to the highest standard. To be in charge for various tax queries from foreign and local clients Support Tax Manager to cover the above job purpose
The Role Responsibilities To response to customer queries in relation to tax To perform any tax initiation for the purpose of custody operation service excellence To build relevant relationships with internal and external parties in relation to tax To wisely maintain discussion within the team, cross unit in SS, other related unit/ party outside SS (e.g. country tax, legal, other custodian banks, etc) for the related taxation matters in SS To manage and supervise tax unit of custody which includes:To apply tax reduction at source to KSEI and ensure that clients receive correct withholding tax rateTo daily process withholding tax on Funds and issue the tax voucher correctly.To pay the withholding tax that have been deducted to Tax Office and reported timely and accuratelyTo process tax reclaims application to the Authority and monitor properlyTo ensure compliances with the regulatory requirements set by Tax Authority and also the banks established procedures.To motivate and build teamwork spirit amongst staff as to create conducive working climate and at the same time monitor their performance.To train and guide staffs for self-development and improvements through training programmes and continuous update of market developments to equip staff with knowledge which would accordingly improve the quality of workTo ensure documents are properly filed for easy retrieval when references to documents are requiredTo maintain the good relationship with the stock brokers, the registrar office, the issuing Company(ies), KSEI, the other Custodian Banks and Tax AuthorityTo ensure that the WHT is reconciled on daily basis and total of WHT tax deducted is equal with the WHT paid to the State TreasuryTo constantly initiate review and implementation of cost effective and practical procedures via systematic analysis, automations and computerisation in order to increase the level of efficiency and productivity leading to higher profitability.To fully comply with the group policy and standards on Money Laundering Prevention or local regulatory requirements for the prevention of money launderingTo make prompt report of suspicious transactions or proposed transaction according to the documented process on reporting and/ or in compliance with local regulatory requirements.Support Tax Unit Head as a Back Up of Tax Manager and also as a pairing discussion relating to the All Tax Matter.
