Job Description

JOB DESCRIPTION
Department: Regional Tax Location: Singapore Position: Manager / VP, Regional Tax

Reporting to: Head of Tax, Asia

DUTIES AND RESPONSIBILITIES

JOB OVERVIEW ING's global tax function is based in Amsterdam. The Wholesale Banking tax team in Asia currently comprises three staff based in Singapore, and they report to Head of Tax, Asia. ING is now seeking to replace one of its staff to support the Wholesale Banking business. The new hire will be based in Singapore and will report to the Head of Tax, Asia based in Singapore. MAIN RESPONSIBILITIES The candidate will be responsible for providing tax advisory and compliance support in relation to Wholesale Banking activities in Asia.

• Approval of new product proposals and tax driven structures. This will involve doing research on tax implications and working with the front office, other ING departments and external tax advisors for obtaining information on the products/structures.
• Providing advice to the Business Units on tax implications of various deals including withholding taxes and treaty benefits.
• Assisting in the implementation of global transfer pricing policies within Asia. This will include assist locations with the transfer pricing documentation, implementation of BEPS Pillar II, AOA as well as monitoring of existing transfer pricing procedures to ensure these are properly applied. The work will require close co-operation with the Head of Transfer Pricing based in London, as well as working with Business Management and Finance within Asia.
• Advising on and monitoring tax issues in case of liquidation of existing entities or setting up of new entities.
• Providing tax advice and reviewing agreements for related party services, ad-hoc projects/ initiatives undertaken by the bank e.g., outsourcing of activities to BPO, regional recharges, etc.
• Reviewing and providing comments on the tax representation clauses in ISDA, GMRA and GMSLA.
• Providing tax advice to the CFO/Controllers in the region on tax compliance matters, local tax issues, tax planning ideas, tax audits and tax litigation and to help manage the tax risks in relation to the above. This will include advice on strategies to resolve tax disputes.
• Reviewing the IFRS tax figures reported to Head Office each quarter to ensure Group Tax objectives are met.
• Liaising with Group Tax and CFO/Controllers in the region and assisting in the implementation of Group Tax policies and Tax Control Framework in the region.
• Assist with Client Tax Integrity Assessment for products and clients (when required)
• Liaising with the external tax advisors for routine India FII tax filings.

COUNTRIES The candidate will be primarily responsible for managing following countries in the region:

• Hong Kong
• Taiwan
• Philippines
• India (ING does not have bank branch in India. It has FPI licence in India for which routine tax filings are required).

However, these countries can change depending on the experience of the candidate. KEY COMPETENCIES The successful candidate will be a graduate with a recognised tax or accounting qualification with Asian and international tax experience, preferably in a taxation role with another Bank. The candidate should have at least 7-8 years of working experience in taxation field. The candidate should be able to demonstrate a good academic background and success in their career to date, be confident in dealing with senior management and front office staff, have highly developed interpersonal and communication skills, good business sense, a pragmatic approach to problem solving and excellent organisational skills. Fluent written and spoken English is essential. Chinese would be an advantage The candidate must also be prepared to travel (5% - 10%).