Overview
Role Description:
– Tax Operations is a core function within Margin Treasury and Tax Operations, responsible for managing and supporting all operational tax processes for Deutsche Bank AG and its associated entities.
– The team ensures compliance with global tax regulations and primarily supports the Corporate Bank and Investment Bank divisions.
The function is structured into five key sub-processes:
– Transactional Taxes – including Financial Transaction Tax (FTT), Withholding Taxes, and Stamp Duty.
– Cost Basis – managing client tax lot allocations and market/client transfer statements.
– Derivative Tax – covering tax implications on derivative instruments.
– FATCA & CRS – ensuring compliance with U.S. and global tax transparency regulations.
– Tax Reclaims – managing relief at source and post-payment reclaims
Tax Operations also oversees:
– Tax Due Diligence (TDD) – encompassing validation of tax documentation, client self-certification, and classification.
– Regulatory Reporting – including FATCA, CRS, Chapter 3/61, and other jurisdictional filings.
– Reconciliation and Payments – ensuring accurate tax application and alignment between Deutsche Bank systems and tax authorities.
– Audit and Risk Management – supporting internal and external audits, and maintaining robust control frameworks
– This role leads the India-based Tax Processing team, spread across Pune, Bangalore, and Jaipur, and is pivotal to the global delivery model. India accounts for 71% of the global Tax Operations headcount, with 97 out of 136 FTEs located in India.
What we’ll offer you:
– As part of our 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:
– Subject Matter Expertise: Act as a SME across operational tax processes including FATCA, CRS, Chapter 3 Reporting, Withholding Tax, Capital Gains Tax, Transaction Tax, Cost Basis, Stamp Tax, Tax Reclaims/Relief at Source, tax payments to authorities, and Tax Due Diligence (TDD)-covering client classification, self-certification validation, and documentation review.
– Regulatory Awareness: Stay abreast of market and regulatory changes impacting tax operations; ensure timely communication and implementation of necessary changes.
– Risk & Controls: Monitor risk and control indicators, maintain robust mitigation processes, and escalate incidents to senior management promptly.
– Project Management: Lead initiatives to implement new regulatory requirements and technology-driven process enhancements.
– Stakeholder Engagement: Manage relationships with senior stakeholders across Business, Technology, Operations, Clients, Agent Banks, Risk, and Group Tax.
– Operational Oversight: Oversee tax processing activities across all sub-processes, ensuring timely and accurate execution.
– Team Leadership: Provide leadership to India Tax Ops and Tax Due Diligence teams, support issue resolution, and foster collaboration across locations.
– Client Service: Ensure timely and effective resolution of internal and external client queries.
– Process Optimization: Review and redesign processes for efficiency and cost savings; collaborate with tech teams to automate and streamline workflows.
– MIS & Reporting: Produce and present India Tax Operations MIS to senior management for strategic insights.
– Collaboration: Work closely with global operations teams to ensure tax processes align with regulatory expectations and internal standards.
– Support & Guidance: Assist teams with operational tax queries and ensure consistent execution across supported businesses.
Your skills and experience:
– Graduate with an excellent academic record and over 15 years of experience in the Banking and Finance industry. Prior experience or understanding of Custody and Asset Services is preferred.
– Deep technical knowledge of global tax regulations and operational tax processes.
– Strong understanding of regulatory trends and business banking products.
– Proven ability to manage competing priorities and deliver under pressure.
– Effective communicator with experience managing global stakeholder relationships in a matrixed environment.
– Demonstrated leadership in cross-functional teams with strong interpersonal and collaboration skills.
– Analytical mindset with strong problem-solving, judgment, and decision-making abilities.
– High attention to detail and a proactive approach to questioning and improving existing practices.
– Skilled in project management, regulatory implementation, and process optimization.
– Proficient in MS Office; adept at organizing, planning, and multitasking.
– Self-motivated, independent, and a committed team player.
How we’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 progression
A range of flexible benefits that you can tailor to suit your needs