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Site Management
4 months ago
The principal purpose of this position is to lead enterprise-wide tax operational risk governance, with a focus on tax advisory in respect of implementation of tax regulatory regimes governing tax operations and tax information reporting and withholding.
The role will also involve working with the VP, Capital Markets Taxation and Global Tax Disputes and Head, U.Develop, with tax subject expertise input, governance frameworks and processes related to tax regulatory regimes including the Qualified Intermediary, FATCA and the CRS regimes.
Provide enterprise wide governance and advice in respect of tax compliance in the areas of tax onboarding, due diligence, and information, withholding, and reporting as related to QI and the FATCA & CRS regimes.
Provide technical support to the QI project team, the responsible officer, and throughout QI audits and independent reviews for purposes of identifying and remediating material failures or events of default in BNS in respect of the QI regime.
Coordinate and liaise with the Bank's business lines to drive enterprise wide compliance in the areas impacting tax operations and onboarding related to QI, FATCA, and CRS.
Together with the Operations teams, support the creation and monitoring of tax relevant processes and in support of compliance with the information reporting and withholding regimes.
Provide tax technical support, oversight and governance of the FATCA/CRS project office and in order to ensure tax compliant implementation of FATCA/CRS.
Assist reviewing client tax forms and remediation requests and determining client tax status, particularly as related to FATCA & CRS, and assist in same with respect to US withholding rules related to 871(m), 305(c), 304, 302, FIRPTA.
Assist in providing support for counterparty requests for Scotia tax forms in relation to FATCA/CRS selfAssist in responding to ad-hoc inquiries from clients/counterparties regarding tax withholding & information reporting as related to FATCA/CRS, and assist in same with respect to US withholding rules related to 871(m), 305(c), 304, 302, FIRPTA.
Provide clear, timely, and accurate US tax analysis, risk assessment, and tax planning, consistent with the Bank's reputational risk appetite.
This will include providing advice and support related to US tax operational risks associated with US tax information, withholding, and reporting rules.
Review the ISDA tax language.Provide support with any special project that may arise that may require U.S. tax advice.
CA or tax lawyer, ideally with a minimum of 10 years' experience including Financial Services tax advisory, with focused advisory experience in respect of QI/FATCA/CRS regimes, either in private practice and/or industry background; US tax advisory experience with US Chapter 3 and Chapter 4 withholding tax regimes.
Skills and experience commensurate with a Director/ Vice President/Managing Director role in Capital Markets.Demonstrated ability to oversee complex tax matters.
Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one
Guided by our purpose:
"for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.
If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know.
If you require technical assistance, please click here . Candidates must apply directly online to be considered for this role.