Tax Utility Risk & Advisory - Vice President
Morgan Stanley
Frankfurt, Germany, Germany
vor 38 Tg.

Company Profile

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services.

The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.

As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic.

Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow.

A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.

Department Profile

One of the largest divisions in the Firm, Operations is the first line of defence for Morgan Stanley's financial and reputational well-

being and essential in delivering value to our clients. Operations is responsible for correctly settling and recording millions of transactions per day, identifying and mitigating operational risk, developing strong client relationships and partnering with technology to realize the full potential of IT and Automation.

Operations has a world-class team of innovative and dedicated professionals, with a unique vantage point in the Firm interacting with all parts of the business, front to back.

The Operations Senior Management team are passionate about our people development and providing best in class employee opportunities through an inclusive, forward-

looking environment defined by open communication, collaboration, learning, and proactive career management.

Team and role Profile

The profile of Operational Taxes has seen an exponential increase in recent years as governments globally react to the financial crisis and as the focus on tax revenue collection increases.

This increase in tax activity requires the Operations division to implement new processes to support these taxes. This is an exciting opportunity for someone who would like to make a direct contribution in managing operational tax risk within the Firm.

This role is unique in setting the standard for how firms will manage operational tax risk in the future.

EMEA Operational Tax Risk & Advisory team forms part of the broader International Tax Utility (ITU) group, a department dedicated to streamlining and enhancing the operational tax environment within Morgan Stanley.

The group is responsible for setting best practice with regards to controlling and mitigating operational tax risk and performs a number of control / operational functions over a variety of withholding and transactional taxes generated by trading activities across multiple divisions including Equities, Fixed Income, Derivatives and Financing.

The successful candidate will therefore work closely with all Operations groups across the firm covering all product lines, Corporate Tax Department and the Business Units.

At a macro level, the multi-faceted and dynamic role requires the candidate to review existing operational tax processes, analyse the operational tax impact of tax regulatory changes and new business proposals in order to be able to influence the implementation of change, in a highly pressured environment.

We are looking for a candidate who is driven to provide consistently high standards, keen to identify and resolve issues, will challenge existing processes and controls whilst working with cross functional teams to implement operational improvements.

Competency Skills :

The successful candidate will preferably therefore :

  • Have a good understanding of transactional and / or withholding tax issues including identifying tax issues as they impact processes and the ability to read, understand and relay tax regulations
  • Have the ability to be analytical, problem solve with a good attention to detail with a record of identifying and dealing with issues as they arise
  • Be motivated, self-driven and excited by an operational role with changing priorities and objectives often with tight deadlines
  • Possess strong team working skills, willing to put forward ideas and challenge current practice.
  • Be a strong communicator with good organization skills as it will involve communicating to a large variety of people at many different levels within the firm.
  • Be strong and proficient in influencing and impact in order to enact change within the division and across a large stakeholder group
  • The position will involve some level of people management and t the candidate will be liaising regularly with a number of internal and external parties.
  • Knowledge Base :

  • Provide cross Operational and Business Unit tax support in regards to operational taxes hence knowledge of the banking sector and ideally experience of working in an operational taxes environment or supporting operational taxes from a tax technical perspective
  • Demonstrate good knowledge of Stamp Duty, Transaction Taxes, Withholding Tax or Capital Gains Tax regimes and how they impact operational processing and infrastructure
  • Detailed tax technical knowledge of transactional taxes (e.g. Italian and French Transaction Taxes, UK SDRT, Irish Stamp Duty or Swiss Stamp Tax), withholding tax or capital gains regimes, and international reporting regimes such as EUSD, UK CDOT or T18 / BBSI
  • Role & Responsibility :

  • Monitor and review and sign-off on tax policy / regulation changes that affect current tax processing and communicate the operational tax implications to various key stakeholders
  • Work with the Corporate Tax Department and external tax advisors to interpret the legislation, provide steer on operational implementation and partner with various Operations teams and Business areas on actual implementation
  • Create and document operational tax requirements, processes, policies and procedures for Operations to correctly set up systems to ensure tax compliance.
  • Provide supervisory coverage across the silos the team supports
  • Attend and represent MS at industry forums where legislation and practical difficulties are being discussed
  • Work effectively across geographical and functional boundaries demonstrating strong relationship skills.
  • As the ITU group has a global presence there can be opportunity for mobility within the group as well as across Operations broadly as part of the firm’s mobility program.

    In addition, ITU is passionate about self-development and provides study support towards accounting or tax qualifications.

    Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise their full potential.

    Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives and experiences.

    Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing and advancing individuals based on their skills and talents.

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