Operational Tax Associate

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Operational Tax Associate

Apply locations Cannon Street, London time type Full time posted on Posted 18 Days Ago job requisition id R_14341

Job Title
Operational Tax Associate

Job Description

So, who are we?
Hello, we're IG Group. We are an FTSE250 FinTech company that runs mobile, web and desktop platforms that help our clients trade stocks & shares, leveraged products, Futures & Options and Crypto.

We are ambitious. Over 340,000 people already use our platforms. We're global with offices in 18 countries and products in 16 regions. We're hungry to move faster, ship better products for our customers and grow our user base. We believe in high autonomy, and we want people who are looking to do things differently in order to create better experiences for our customers.

We work in cross-functional teams and are laser-focused on increasing the number of active clients we serve to drive sustainable growth.

Your team

There are broadly 4 areas of tax at IG: Corporate, Operational (Client-focused), Employment and Indirect taxes, and this role sits within the Operational Tax team.

Operational taxes have a significant overlap with other client-facing and non-finance teams at IG and often require non-tax processes and data to be adapted to meet tax requirements. Consequently, this role requires strong teamwork and networking skills in addition to the usual data analytical skills you would associate with a tax role.

Your Role in the Team's Success

To manage the Group's international operational tax obligations. Operational Taxes have become more complicated as IG Group expands and complex tax laws are rolled out.

This role is integral to ensuring accurate and timely tax filings and payments are made across the group. Prior operational tax experience is preferred but there will also be an opportunity to learn about the different types of Operational Taxes impacting IG around the world.

Successful candidates will have the ability to adapt and improve existing processes, whilst also designing new ones to keep pace with our expanding product portfolio and changes to tax laws.

IG's tax function is based in London and reports directly to the CFO, consisting of the Group Head of Tax, along with 6 other tax professionals. This role will report to the Senior Operational Taxes & Transfer Pricing Manager.

What you'll do

• Assisting with US withholding tax obligations relating to IG's Qualified Intermediary (QI) and Qualified Derivatives Dealer (QDD) statuses. This role will involve ensuring the correct KYC processes are in place to then prepare Group-wide tax calculations, payments and returns for all QDD and QI-related matters (Form 1042, Form 1042-S, Form 1099, Form 945, Form 7004, Form 8809 and 871m payments).
• Assisting with Group-wide AEOI reporting obligations (FATCA/CRS). The role will involve extracting and cleansing IG client trading data to report to the tax authorities. You will also have to liaise with local stakeholders.
• Preparing monthly/annual tax calculations, payments and tax returns to the Italian authorities. This includes a) Financial Transaction Taxes, b) Capital Gains Tax and c) Wealth tax.
• Preparing UK ISA and Other Interest returns to HMRC.
• Becoming familiar with the German withholding tax rules. Assisting in issuing German tax statements to clients annually, ensuring compliance with changing tax rules.
• Ensuring correct documentation from a customer perspective is in place for all the above whilst continuously reviewing and maintaining current processes and procedures.
• Assisting with ad-hoc projects and implementation of business initiatives where required, including the operational tax implications of launching new financial products and setting up new business overseas. This includes liaising with local advisers to pitch requirements to businesses.
• Liaising with IT and Front Office teams to build systems/solutions to capture relevant logic to calculate operational taxes such as FTT or CGT.
• Operational tax Governance. Operational taxes involve a number of teams around the business from KYC to Dealers, Corporate Actions and finance. The role will involve liaising with all the business stakeholders to ensure they understand their involvement with respect to operational taxes.

What you'll need for this role

• ACA/CTA qualified or equivalent.
• Prior Operational Tax experience (a minimum of 2-3 years within Operational Tax). Knowledge of FATCA/CRS/QI regimes is desirable but not compulsory. We're looking for someone who is a fast learner who is willing to learn and grow.
• Strong analytical skills - with a natural curiosity and confidence to question and dig deeper if information does not make sense.
• Experience with writing queries in Excel/VBA/SQL is an advantage, but not essential.
• Adaptable and enjoys a dynamic, rapidly changing working environment.
• High levels of collaboration to aid in establishing and maintaining effective working relationships.

How we work

We try to take a thoughtful approach to our ways of working as a company. We follow a hybrid working model with 3 days in the office - which we think balances the need to collaborate effectively and connect with each other. When it comes to how we deliver, there are 5 things we want everyone to do to drive high performance, better learning and career satisfaction:

• Lead and Inspire: Drives trust, alignment, and enthusiasm.
• Think Big: Focus on the problems that most impact commercial outcomes.
• Champion the client: Understand and prioritise the client's needs.
• Deliver at pace: Push for fast, sustainable growth.
• Raise the bar: Take ownership, be accountable and share feedback.

We believe that diversity is vital to success; it fuels creativity, drives innovation and sets us up for global success. We're committed to building teams with a variety of perspectives and skills to help us realise our vision and strategy, that's why we encourage applications from people with diverse backgrounds and experiences to join us on this journey.

The Perks

Your growth fuels our success!

Thrive with tailored development programs, mentoring opportunities with leaders, and clear career progression. Expand your network through committees, sports and social clubs. Enjoy extra time off for volunteering and community work.

• Competitive salary.
• Flexible Benefits Package on top of your salary (12%).
• Private medical cover for you and your family.
• Life insurance.
• Contribution to gym memberships.
• 25 Days holiday, with 1 additional day off to celebrate your Birthday & 2 additional days off a year for voluntary work (28 in total).
• The option to buy or sell holiday days.
• Unlimited access to the LinkedIn Learning Platform.
• A comprehensive global and local onboarding process.
• Employee-led LGBTQ+, Women's, Black and Parents & Carers networks with an annual budget for organising events & projects that foster an open, diverse and inclusive culture.
• Option to participate and create ESG initiatives based on IG Brighter Future Fund.
• Enhanced primary (maternity), secondary (paternity), and shared parental pay and leave, as well as a range of support and benefits for parents.

Join us for this exciting journey.

Apply now!

Number of openings: 1

Looking for a career at a company that will support you, challenge you and help you grow? IG Group can provide that.

We're the market leader in financial derivatives trading, with a focus on innovation and advanced IT development. We're also one of Britain's Top Employers, a ten-year trend we intend to continue.