Reporting of trades / corporation action to the tax consultants
Reconciliation of reporting to the tax consultants
Obtaining tax certificates from tax consultants
Providing non repatriable balance to General Banking team
Discharging the tax liability of the client
Invoice calculation and generation for clients
Dispatching invoices to clients
Fee receipts record for clients
GST compliance
Key Responsibilities
Handling client / tax consultant queries
Assist team leader / section head in assignments / projects
Reporting to tax consultants
Follow up with tax consultants for tax certificates
Invoicing to clients
Strategy
To ensure the job holder is fully aware of all the laid down controls, procedures and regulatory requirements and achieve established targeted standards of productivity and client services
Ensure that all the client reporting requirements, response to client queries are performed within the time frames specified to achieve client satisfaction.
Endeavour to reduce the turnaround time.
Keep the Head Operations advised of the regular operations and, escalate exceptional occurrences, to enable appropriate action and report high volumes, problems & exceptions from the normal.
Business
Monitoring of transactions to be reported to tax consultants.
Interaction with the Client(s) Tax Consultants, for all relevant tax matters.
Routine Tax consultant reporting.
GST compliance.
Generating Invoices for recovery of fees from Custody clients
Processes
Monitoring the team and ensuring that reporting of the trades ie the purchase and sales transactions, corporate actions, cash movements which will impact the tax position of the client is done to the tax consultants on a daily basis.
Ensuring that the team responds within time the queries raised by the tax consultant with respect to the purchase and sales executed by the client, taxes paid by the client or any other requirement like the bank statements, NSDL statements
Ensuring that daily follow up daily for the tax certificates required from the tax consultants for the sales trades executed by the clients and ensuring that the certificates are received in time to avoid any delay in repatriation of the funds
Procedures laid down in DOI are adequately followed
To review procedures and identify process improvements and implement changes as and where required.
Ensure that the regular conduct of operations adhere to the Key Control Standards
Ensure changes impacting the operations are implemented in the unit.
Ensure invoices are sent to the client as per the agreed time frame
People & Talent
To maintain good relationship with the officials of the Tax Consultants and Tax Payee banks.
To maintain a positive working relationship with personnel of the other Sections/Divisions of the Bank
Lead through example and build the appropriate culture and values. Set appropriate tone and expectations from their team and work in collaboration with risk and control partners.
Ensure the provision of ongoing training and development of people and ensure that holders of all critical functions are suitably skilled and qualified for their roles ensuring that they have effective supervision in place to mitigate any risks.
Employ, engage and retain high quality people, with succession planning for critical roles.
Responsibility to review team structure/ capacity plans
Set and monitor s and objectives for direct reports an provide feedback and rewards in line with their performance against those responsibilities and objectives
Risk Management
Responsibilities relating to identifying, assessing, monitoring, controlling and mitigating risks to the Group, as well as an awareness and understanding of the main risks facing the Group and the role the individual plays in managing them. Act as the [Process] risk control owner under the Group's Risk Management Framework (including relevant Operational Risk Framework ownership for [Liquidity] risk.
To report any suspicious transactions immediately as per the laid down procedures
Governance
Responsible for assessing the effectiveness of the Group's arrangements to deliver effective governance, oversight and controls in the business and, if necessary, oversee changes in these areas; Awareness and understanding of the regulatory framework, in which the Group operates, and the regulatory requirements and expectations relevant to the role
Ensure that all procedures laid down in the Departmental Operating Instructions are adequately followed.
Completion of all Mandatory Risk & Training and related Compliance activities by the set deadlines.
Regulatory & Business Conduct
Display exemplary conduct and live by the Group's Values and Code of Conduct.
Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
Effectively and collaboratively identify, escalate, mitigate, and resolve risk, conduct and compliance matters.
Key stakeholders
Within SS
Trade support & Fixed Income for matching of trades and trade relating queries, General banking teams for Repat and Payment of Taxes, Corporate Action team for benefits related queries, Account Documentation Static Data & DDP team for Maintenance of Fee Schedules FPI Certificates and NOC Maintenance - SI Updating,
Outside SS BAM/client solution for client requirement/queries, India tax team for tax queries,
External
Liaising with Tax consultants, peer custodians.
Qualifications
Graduate / Post Graduate Degree
NISM VI & VII certification
Managerial and Interpersonal skills.
An extremely detailed knowledge of banking operations as well internal accounting procedures.
A working knowledge of Securities operations.
Detailed knowledge of the Stock Exchange Bye Laws (NSE and BSE) and Clearing Corporation Bye laws, Rules and Regulations
Skills and Experience
Experience in Securities Services - Banking operations for at least 2 years
Direct interaction with TC with respect to NOC's
Communication Skills
People Skills
Relationship Management
Digital Knowledge
Customer Management
About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can't wait to see the talents you can bring us.
Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion.
Together we:
Do the right thing
and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
Never settle,
continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
Are better together,
we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
What we offer
In line with our Fair Pay Charter,
we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.
Core bank funding for retirement savings, medical and life insurance,
with flexible and voluntary benefits available in some locations.
Time-off
including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
Flexible working
options based around home and office locations, with flexible working patterns.
Proactive wellbeing support
through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
A continuous learning culture
to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
*
Being part of an inclusive and values driven organisation,
one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.
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