Business Analyst - Tax Regulatory

Fixed term contract|London|Innovation / Project / Organization

Business Analyst - Tax Regulatory

London, United Kingdom Fixed term contract Innovation / Project / Organization

Responsibilities

Description of the Business Line or Department

The aim of our Service Unit (GBSU) is to deliver day-to-day services to GBIS Business Units and their clients to accelerate the transformation. GBSU is organised under the following structure:

  • A transversal client group
  • Eight service and product orientated entities
  • A transversal data entity
  • Seven centres of expertise

GBSU works to ensure that it delivers the services the businesses need to compete and to serve Société Générale's clients. The objective is to deliver production services in a well-controlled and cost-effective way, and to deliver competitive application systems and infrastructure that allow GBIS to grow its business in existing and new markets, launch new products and take advantage of new opportunities when they arise.

  • Delivering services and solutions that enable GBIS to deliver its business objectives.
  • Ensuring a cost effective, high quality, flexible and well controlled production service for business applications systems and IT infrastructure (service delivered by RESG/GTS).

GBSU/REG implements all necessary means to ensure the SGCIB regulatory compliance. In a very unpredictable and unstable context, the regulatory evolutions in Europe as well as in the US imply very important changes for our activity, impacting our business model, producing new reporting and other obligations with huge impact on our processes. As we deal with many products, all new regulations impacting us, on a worldwide perspective. The regulatory projects management impact different stakeholders as Front office, OPER, Compliance and IT team.

In London, the Operations Regulatory Reporting Production team are responsible for ensuring SGIL meets its regulatory obligation for key regulatory reports including Tax reporting.

Summary of the key purposes of the role

The Financial industry is currently impacted by several tax regulations: FATCA, CRS, 871(m), DAC6, Spanish/German FTT. These regulations have impact on financial institution and these entities should answer to new obligations:

  • Identify client for tax purpose
  • Report account information to tax authorities
  • Apply withholding on some eligible payments

All these duties conduct financial institution to change the way they work.

The UK regulatory project team is in charge of driving the change linked to regulations within GBSU. The team is looking for a business analyst to take part of tax regulatory projects.

The resource will be in charge of

  • Organizing project committees
  • Providing tools to follow the projects achievements
  • Leading business impact studies
  • Lead some implementation stream

Design and deploy process and controls to produce regulatory reporting, apply withholding or identify client with respect to the tax regulation requirements

Summary of responsibilities

The resource will be required to work with the Operations, Business, IT, Compliance, Legal and tax teams to be part of the implementation of tax regulatory projects. Maine responsibilities will be:

  • Ensure the good delivery of the project deliverables
  • Write business requirements
  • Design and deploy procedures
  • Train operational teams
  • Explain regulatory requirements to IT coordinator and IT Business Analysts.
  • Run the UAT regarding the different IT developments
  • Respect budget and project milestones
  • Reporting & communication to management/stakeholders

Conduct Responsibilities

  • Responsibility to adhere to internal Policies that relate to you, your business or other businesses for which you have any level of responsibility.  It is your responsibility to ensure compliance with operational and conduct risk requirements (e.g. data leakage, security policies and regulatory requirements). 
  • Adhere to individual and where applicable department conduct rules in accordance with the FCA and PRA Code of Conduct rules
  • Responsibility for managing, controlling, preparing and escalating risk within the scope of your position and in line with existing policies.
  • Responsibility to ensure that you take reasonable steps to be fully aware of, understand and comply with all regulatory requirements from all regulatory and statutory bodies, trading venues, etc that are applicable to your role and business line.
  • To assist in the self-identification of all conduct related issues. Ensure escalation to appropriate stakeholder or function whether internal or external.
  • Adhere to business line mandates relevant to the role as directed by your manager

Level of Autonomy and Authority

High level of autonomy

Profile required

Competencies

  • Autonomy
  • Ability to work in a team
  • Effective Communication (verbal and written) and Presentation skills Clarity and precision in the oral and written communication
  • Excellent stakeholder Management Skills
  • Keep up to date on the regulatory environment, decisions, and deadlines
  • Flexible and Adaptable
  • Proven track record of regulator interaction and strong tax regulatory knowledge
  • Significant track record of leadership role within banking/ financial service industry, demonstrating significant management skills and experience
  • Ability to make and implement strategic decisions
  • Strong Leadership in a multicultural context
  • Ability to work and lead under pressure
  • Excellent analytical skills
  • Team player, proactively shares information and collaborates with others

Why join us

People join for the impact they can have on us. They stay for the impact we have on them. A flatter structure offers visibility and exposure beyond that of our competitors, so you know our names, and we know yours. It's personable, human, and inspires success through passion. By encouraging open mindedness and a willingness to share ideas, we have adapted to market changes and thrived through innovation. Bringing words like “hard work” and “dedication” together with “community” and “respect” has enabled us to work collaboratively and build our future together. We call this Team Spirit and it's what makes us different. It's what makes you different.

Business insight

If you feel you have the required experience and qualifications, then please apply to the SG Resourcing Team, and we will manage your application. At Société Générale, we believe our people are our strength and are core to the success of our business. As such, we search for, recruit and appoint the best available person on the basis of aptitude and ability, regardless of sex, marital or civil partnership status, race, colour, nationality, ethnic or national origins, pregnancy, disability, age, sexual orientation, religion, belief or gender reassignment.

We are an equal opportunities employer and we are proud to make diversity a strength for our company. Societe Generale is committed to recognizing and promoting all talents, regardless of their beliefs, age, disability, parental status, ethnic origin, nationality, sexual or gender identity, sexual orientation, membership of a political, religious, trade union or minority organisation, or any other characteristic that could be subject to discrimination.

Reference: 21000QKF
Entity: SG CIB
Starting date: 2021/11/01
Publication date: 2021/09/01
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