Senior Specialist, Global Tax Advisory

Overview

Who We Are:

BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 35 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations, and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team.

Job Purpose :

The Global Tax Technical Research ("Tax Research") team focuses on Tax Research to support Tax Strategy, Development & Enhancement of Tax Services, Tax Risk Management, Market Presence, Client Facing Tax Support, leveraging tax expertise across BNY Mellon's Asset Servicing globally. The key component for this particular role is strong background in tax technical research to support tax service within Asset Servicing.

Role and Responsibilities :

• This position will report to the Global Head of Tax Research Group (part of Tax Product) in BNY Mellon's Asset Servicing Digital business.
• The candidate will take a lead role in tax research strategy and tax monitoring of all markets in the global custody network that supports our Asset Servicing Digital business.
• The candidate will work closely with all tax experts in the organization, including Corporate Tax and our Tax Operations area.
• Monitors and analyses tax laws, rates and compliance obligations as a result of global withholding tax, securities taxation or procedural change in markets (coverage of over 90+ investment markets).
• Defines best practice delivery model and service policy.
• Review and analysis of scope and nature tax services to ensure BNYM complies with relevant local tax requirements.
• Informs BNY Mellon's operational delivery teams of any withholding tax changes and works with the business to implement processes arising from tax change. Coordination with Corporate Tax as and when appropriate.
• Oversight of sub-custody tax services, SLDs and tax agreements with subs/tax authorities.
• Ensure market change is communicated in a concise, factual manner both internally/externally.
• Preparation of analysis to support discussions/meetings with tax authorities/governments as necessary to advocate workable solutions to tax relief models.
• Respond to tax technical queries, supporting Tax Operations functions and clients, working with client relationship managers where necessary.
• Research, preparation of analysis and communication of key regulatory initiatives impacting investment services.
• Deliver ad hoc tax technical training/knowledge sharing internally and externally where necessary.
• Close collaboration/communication with BNY Mellon's sub-custodian network and Global Network Management team.
• Contribute and work with Tax Policy and any Tax Steering groups as and when required.
• Participate in meetings with clients to review tax changes and where necessary work closely with the clients dedicated tax service provider/tax advisor.
• Participate in relevant tax industry working groups meetings as necessary.
• Extensive tax and regulatory experience (at least five years) in the Investment Services or Asset Management business, Professional Services Firms or Law Firm.
• Possess a high-level understanding of the APAC and EMEA tax markets
• Working knowledge of non-resident fund structures (such as, investment funds, tax transparent funds, sovereign and pension funds).
• Custody Tax:
  • Withholding Tax practices on securities (domestic and foreign withholding taxes, tax treaties, financial transaction/securities taxation, taxation of investment funds).
  • European Court of Justice tax cases impacting securities
  • Capital Gains tax treatment of securities
• Strong analytical skills and innovative thinking
• First class presentation skills, both oral and written.
• Proficiency in French language is desired
• Ability to work and communicate with all levels of staff.
• Ability to work both independently and as part of a team.
• Proven ability to use electronic tax research engines.
• Team player able to work across multiple lines of business

Qualifications:

• Bachelor's degree in accounting, tax degree, OR J.D., OR the equivalent combination of education and experience, is required.
• 5-7 years of total work experience preferred.
• Experience in tax analysis and advisory preferred.

BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals with Disabilities/Protected Veterans. Our ambition is to build the best global team - one that is representative and inclusive of the diverse talent, clients and communities we work with and serve - and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.

BNY Mellon assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $77,750 and $173,000 per year at the commencement of employment. However, base salary if hired will be determined on an individualized basis, including as to experience and market location, and is only part of the BNYM total compensation package, which, depending on the position, may also include commission earnings, discretionary bonuses, short and long-term incentive packages, and Company-sponsored benefit programs.
This position is at-will and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation) at any time, including for reasons related to individual performance, change in geographic location, Company or individual department/team performance, and market factors.

Employer Description:

For over 230 years, the people of BNY Mellon have been at the forefront of finance, expanding the financial markets while supporting investors throughout the investment lifecycle. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments and safeguards nearly one-fifth of the world's financial assets. BNY Mellon remains one of the safest, most trusted and admired companies. Every day our employees make their mark by helping clients better manage and service their financial assets around the world. Whether providing financial services for institutions, corporations or individual investors, clients count on the people of BNY Mellon across time zones and in 35 countries and more than 100 markets. It's the collective ambition, innovative thinking and exceptionally focused client service paired with a commitment to doing what is right that continues to set us apart. Make your mark: bnymellon.com/careers.

EEO Statement:

BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals With Disabilities/Protected Veterans. Our ambition is to build the best global team - one that is representative and inclusive of the diverse talent, clients and communities we work with and serve - and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.