Job Responsibilities
- Perform business-as-usual (BAU) tax functions and support the execution of tax strategies covering Corporate Income Tax, GST, Withholding Tax, and Transfer Pricing, ensuring compliance with Singapore tax laws, IRAS requirements, and internal policies.
- Manage tax compliance obligations and statutory filings, including preparation of tax provisions, corporate income tax returns, GST returns, withholding tax filings, transfer pricing documentation, and related disclosures, ensuring accuracy and timely submission.
- Support the Bank's tax risk management framework, including identifying, assessing, and mitigating tax risks arising from new products, business initiatives, regulatory changes, and cross-border transactions.
- Liaise closely with Finance, Operations, Legal, Compliance, and various business units to ensure accurate tax reporting, data integrity, and alignment between accounting and tax positions.
- Analyse and understand new and evolving banking and financial products (e.g. structured products, digital offerings, cross-border services) to determine appropriate tax treatments.
- Assist in addressing tax controversy and audit matters, including handling IRAS queries, reviews, audits, objections, and areas of regulatory ambiguity within the financial services industry.
- Support compliance with Singapore Transfer Pricing requirements, including preparation, review, and coordination of transfer pricing documentation and intercompany charge-out arrangements.
- Assist in assessing and implementing new and upcoming tax developments, including but not limited to:
- OECD Pillar Two / Global Minimum Tax (GloBE) rules
- Enhanced transfer pricing documentation and substance requirements
- GST changes, including cross-border services, imported low-value goods, and digital economy rules
- Increasing IRAS digitalisation, data analytics, and e-filing requirements
- Work closely with external tax advisors to manage deliverables, monitor progress against internal timelines, and ensure advice is practical and aligned with business realities.
- Contribute to the continuous improvement of tax processes, controls, and documentation, including automation, standardisation, and use of technology where appropriate.
- Any other duties as assigned by the Supervisor.
Requirements / Qualifications
- Minimum 3 years of relevant tax experience, preferably within the banking, financial services, or broader financial industry in Singapore.
- Strong working knowledge of Singapore Corporate Income Tax, GST, Withholding Tax, and a foundational understanding of Transfer Pricing.
- Professional qualification such as ACCA, CPA, or equivalent is an advantage.
- Prior experience working with IRAS audits, tax queries, or regulatory interactions is preferred.
- Exposure to cross-border transactions and multinational group tax issues is a plus.
- Knowledge of coding, data analytics, or tax technology tools (e.g. SQL, Python, Power BI, Alteryx, or similar) is a strong advantage and will be viewed favourably.
- Good understanding of the practical application of tax laws within a banking or financial services business model.
- Strong analytical, communication, and stakeholder management skills.
- Ability to work independently, manage multiple deadlines, and collaborate effectively across functions.
