Tax Processing Operator

About Deutsche Bank

Deutsche Bank is best known for being one of the most client-centric banks. It is considered to have a strong focus on financial advisory, fixed income, and currencies. It continues to offer its strategic advice to several corporate clients, including market businesses and a highly developed competitor in the wealth management industry, considered a top-10 asset manager globally.

Your role

Role Description

Operational Tax is part of Group Technology and Operations and is responsible for managing and supporting all operational tax processes for Deutsche Bank AG and associated entities. The Tax operations team is comprised of various sub-processes

• Financial Transaction Tax
• Cost Basis
• Derivative Tax
• Stamp Tax
• FATCA, CRS and
• Regulatory reporting and Reclaims

What they’ll offer you

As part of their flexible scheme, here are just some of the benefits that you’ll enjoy

• Best-in-class leave policy
• Gender-neutral parental leaves
• 100% reimbursement under childcare assistance benefit (gender neutral)
• Sponsorship for Industry relevant certifications and education
• Employee Assistance Program for you and your family members
• Comprehensive Hospitalization Insurance for you and your dependents
• Accident and Term Life Insurance
• Complementary Health screening for 35 yrs. and above

Your key responsibilities

The candidate will work with a team that provides operational support for the reporting, payment, and reconciliation functions of Tax Operations like Withholding tax Regulatory reporting for the European market, Reclaims filing for various markets, providing Credit advice to clients and other tax-related requirements wherein the core responsibilities will include but not limited to, the day-to-day processing functions within pre-defined timelines and ensuring the process is run in a controlled manner wherein all the relevant Key Processing Indicators are achieved and delivered as agreed

In addition to the above core activities the candidate is expected to meet the below requirements:

• Day-to-day processing/deliverables for operational tax processes like:
  • Tasks impacting Tax regulatory activities such as WHT daily reconciliations, monthly regulatory reporting to tax authorities, calculating the tax amount to be paid to Tax authorities
  • Payment and reporting of Withholding Tax for the European market, Annual Reporting, and Relief at Source.
  • Reclaims filing for various markets,
  • Issuing Credit Advice to the clients as a supporting document for filing reclaim
  • Ensure that there are no misses in any of the internal/external or regulatory deadlines,  
  • Ensure all client (internal and external) queries are dealt with in a timely and effective manner.
  • Ensure continuous maintenance of relevant Tax data on back office systems
  • Produce relevant Tax MIS and maintain full audit trails
  • Review the processes undertaken within the team and redevelop and redesign where cost savings/efficiencies can be made
  • Knowledge of Equities Trade Life cycle, Reconciliation of Nostro and internal accounts, Exposure to Reconciliation systems like TLM, etc. will be an added advantage

How they’ll support you

• Training and development to help you excel in your career
• Coaching and support from experts in your team
• A culture of continuous learning to aid the progression
• A range of flexible benefits that you can tailor to suit your needs

Training, development & rotation

• Training and development to help you excel in your career.
• Coaching and support from experts in your team.
• A culture of continuous learning to aid progression.
• A range of flexible benefits that you can tailor to suit your needs.

Salary & benefits

The annual salary for this role can range from INR 2.9 to 3.3 LPA. (Source: Ambition Box). Deutsche Bank provides the following benefits.

• Best-in-class leave policy
• Gender-neutral parental leaves
• 100% reimbursement under child care assistance benefit (gender neutral)
• Sponsorship for Industry relevant certifications and education
• Employee Assistance Program for you and your family members
• Comprehensive Hospitalisation Insurance for you and your dependents
• Accident and Term Life Insurance
• Complementary Health screening for 35 yrs. and above

Work-life balance

They support their employees’ development, encouraging mobility and providing mentoring and networking opportunities so that everyone can do their best work and succeed on merit. Work days are usually from Monday to Friday. They have flexible work timings.

Culture & vibe

Being one of the world's best banks, it has the best culture too. The bank considers every employee responsible for its growth and success. With a good work-life balance, the bank provides its employees with opportunities to grow and succeed professionally. It has its promotion of diversity and inclusion principles across the industry. The bank creates opportunities for all its employees to grow in a positive environment and also supports their development by encouraging mobility and providing mentoring and networking opportunities to be the best and succeed on merit.

About you

To apply for this role, you must be

Your skills and experience

Mandatory Skills:

• Excellent verbal and written communication skills
• Basic Knowledge of Withholding Tax & reclaim concepts, Transaction Tax, Capital Gains Tax, etc.
• Strong time management, organizational, planning, and follow-up skills; ability to multi-task effectively
•  Sense of accountability and responsibility for the relevant processes
• Ability to prioritize competing demands 
• Strong analytical and problem-solving skills
• Proficient in MS office applications 
• Strong capacity to assimilate other stakeholders' perspectives and fast learning abilities
• Ability to use sound judgment to meet regulatory standards
• General knowledge of Business Banking product set

Preferred Skills

• Accounts- Reconciliation, Substantiation, MIS Payments  
• Settlements – Financial instruments, Custody & Asset management 
• Exposure to Equities Settlements/reconciliations preferred

How to apply

To apply for this role, just click on the "Apply on employer site" button, which navigates to the career section where the application can be filled and submitted