Tax Service Officer (f/m/d)

Your area of work:
Joining a dynamic, international & multicultural team of dedicated and experienced people, you will be responsible for strengthening the Tax Services Regulatory Monitoring team. Your role will consist in providing guidance regarding all tax impacts on Clearstream’s services, to assist internal stakeholders Tax Services Regulatory Monitoring team is interacting with, as well as Clearstream customers on all tax matters related to Income and/or Corporate Actions payments. You will act as a strategic internal consultant related to Clearstream business and applicable tax regimes and for the identification of any tax regulatory compliance issues/impacts pertaining to Clearstream acting as a fiscal agent.

In addition, following international market practices and working in collaboration with withholding tax agents, various tax authorities and operational teams, your role is to contribute in identifying any tax issues, prepare written communications, help clients and provide general guidance to the Head of Tax, Responsible Officer and upper Management bodies.

Your responsibilities:

• Become familiar with tax practice services, processes, roles and responsibilities

• Be a key member of the Asset Services Governance Department working closely together with processing teams and the tax helpdesk teams cross locations

• Be in contact with relevant local tax authorities, custodians and tax advisors to ensure that (i) Clearstream’s tax roles and responsibilities are clearly defined and complied with, and that (ii) Clearstream’s clients have reliable support and the most updated tax market information

• Conduct relevant tax supervision to support compliance of Clearstream with its operational tax requirements - contractual agreements with local tax authorities (such as German Tax Authority, QI agreement with the IRS)

• Collaborate closely with other teams within the Clearstream organisation such as Product Management, Legal, Risk, Compliance and Internal Audit to ensure tax processes meet the standards of the market

• Review contracts (Statement of Work, Letter of Engagement) and other documents related to Tax Operations

• Anticipate and identify potential tax issues/impacts in relation to Tax services and counselling Head of Tax/Upper Management bodies in order to develop strategies-solutions to achieve effective de-risking

• Build internal and external relationships with relevant suppliers, customers tax authorities and local tax advisors/consultants.

• Provides quality customer care with a focus on potential tax issues/impacts in the offered Tax services

• Provide appropriate reasoning to guarantee rapid and efficient identification of any potential tax regulatory compliance issues/impacts and their related resolution as regards to complex tax related matters

• Execute work assignment in due time

• Report to upper Management any identified potential tax issues/impacts in relation to the Tax services and provide relevant recommendations in relation thereto

• Support a positive mindset and team attitude rather than individualism

Your profile:

• Tax background with minimum 5 years of qualified professional experience in the field of international Withholding Tax on financial instruments

• University degree in Finance/Law/Economics/Business/Tax or similar discipline

• Tax knowledge and expertise on the German / US market (including ongoing Tax reforms / QI regime, W8/W9 forms, US tax certifications, IRS guidelines) is a strong asset

• Proficiency in German language is mandatory

• Knowledge on collateral and securities lending business area is an asset

• Experience in banking/custody activities in an international environment

• Demonstrate learning ability and a strong analytical mindset

• Confident in ability to deliver the expected level of expertise to the Clearstream organisation

• Customer focused, risk culture, pro-active and able to work under pressure with good organisation and prioritisation skills

• Open minded in work approach and display a positive and enthusiastic attitude

• Strong team player in a multicultural environment, able to take initiative, highly motivated and flexible

• Excellent communication and analytical skills

• Fluent in English (Verbal and Written)