Senior Tax Operations Manager
1 week ago
Location: Toronto, Canada
Salary: $120,000 - $180,000 per year
About the CompanyScotiabank is a leading financial institution that values diversity and inclusion in the workplace.
About the JobThis is a senior tax operations role within Scotiabank's Global Wealth Management and Global Banking & Markets divisions. The successful candidate will lead a team responsible for optimizing client tax experiences, including tax processing functions in GWM/GBM and proactively addressing any tax-related concerns.
The ideal candidate will have strong leadership skills, a deep understanding of tax regulations, and experience in client tax reporting and tax accounting for different fund structures.
Key Responsibilities:
- Lead a centralized client tax operations and advisory center of excellence to optimize and standardize client and advisor experiences.
- Oversee Canadian and foreign tax regimes impacting product and client operations, ensuring operational compliance with CRA, FATCA, CRS, IRS (QI, US filing), and other applicable regulatory tax requirements.
- Develop and execute on a tax infrastructure modernization plan to improve existing resiliency, drive straight-through processing, and meet future tax requirements.
- Lead remediation efforts of identified tax operations issues and gaps by recommending the best course of action to remediate.
- Partner with Global Taxation to review and define requirements for upcoming new regulatory tax requirements.
- Provide expert tax advisory and solutions to product development, portfolio management, and the executive team.
Required Skills and Qualifications:
- CPA with at least 10+ years of progressive tax experience in an accounting firm or Financial Institution.
- Strong understanding and experience in client tax reporting and tax accounting for different fund structures.
- Completion of CPA In-Depth Tax Program would be an asset.
- Strong tax advisory experience and understanding tax operations.
- Strong leadership, communication, and presentation skills.
- Familiarity with data analytics and tax-related technology.
- Knowledge of FATCA and CRS requirements.
- Knowledge of Qualified Intermediary (QI) compliance and related reporting requirements.
- Knowledge of income tax treaties, particularly with respect to withholding and permanent establishment issues.
- Knowledge of mutual funds, structured investment products, equities, securities borrow and lending activities.
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