Tax Operations Analyst

Tax Operations Analyst

Location: Glasgow

Length: 6 Months 

PAYE only

Overall purpose of the role

The purpose of the role is to ensure compliance with our department’s agreed service deliveries with the Investment Bank Business. The role responsibilities include reporting of income and/or transactional data to both internal and external counterparts. We are looking for someone to provide excellent service to the business and our clients. The right person will ensure Dividend/Coupon tax relief is attained for Firm and Client positions, either via Relief at Source or Tax Reclaim submission. Excellent organisation skills will be needed in the role as the Tax Analyst will need to manage and prioritise incoming requests and workload. There will also be daily reconciliations and trade investigations included in this position along with submission of regulatory deliverables (Client Money).

Key Accountabilities:

• Operate daily controls and tasks to ensure the department’s Regulatory Tax obligations are

• Completed within the expected timeframes

• Perform daily Client Money/CASS Regulatory submissions to ensure Regulatory compliance

• Input daily journals in order to manage and clear cash breaks in line with CASS regulatory requirements.

• Produce and submit various documentation to ensure tax relief is attained for Firm and Client positions, either via Relief at Source or Tax Reclaim submission

• Daily clearance of inter-system exceptions

• Assist the trading desks in resolving P&L sensitive queries

• Answer a variety of queries from our business stakeholders, clients etc.

• Investigating client and trade activity.

• Provide Management with regular MI where required

• Perform regular reconciliation exercises such as monthly balance sheet reconciliations etc.

• Collaborate with Change and Technology partners to design and test system developments and updates to ensure adherence to Regulations and improvement of existing processes

Key Skills:

• Self-starter and a quick learner

• An appreciation of risks arising with Operational Tax processes and an ability to articulate these to Management

• Proficient in Microsoft Office (Excel, Word, PowerPoint etc.)

• An interest in/general understanding of Investment Banking products (mainly Equities, Derivatives and Bonds)

Desirable skills:

• Ambition and drive to take on additional responsibilities and grow professionally

• Prior experience in Tax Operations

• Appreciation of front to back equity processing, particularly in a multi entity environment

• Excellent Client Service skills and the ability to manage the expectations of key business stakeholders

About Barclays

Barclays is a British universal bank. It is diversified by business, by different types of customers and clients, and by geography. Barclays businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by its service company which provides technology, operations and functional services across the Group.

Values

Everything Barclays does is shaped by its five values of Respect, Integrity, Service, Excellence and Stewardship. The Barclays values inform the foundations of its relationships with customers and clients, but they also shape how Barclays measures and rewards the performance of colleagues. Simply put, success is not just about what you achieve, but about how you achieve it.

Diversity

Barclays aims to foster a culture where individuals of all backgrounds feel confident in bringing their whole selves to work, feel included and their talents are nurtured, empowering them to contribute fully to Barclays vision and goals.

Hybrid Working

Barclays is currently in the early stages of implementing a hybrid working environment, which means that many colleagues spend part of their working hours at home and part in the office, depending on the nature of the role they are in. Barclays is flexible on how this works and it may continue to change and evolve. Depending on your team, typically this means that colleagues spend a minimum of between 20% to 60% of their time in the office, which could be over a week, a month or a quarter. However, some colleagues may choose to spend more time in the office over a typical period than their role type requires. Barclays also has a flexible working process where, subject to business needs, all colleagues globally are able to request work patterns to reflect their personal circumstances

Your Benefits

As a contract employee of Randstad Sourceright, you’ll receive a wide range of financial and personal benefits. There’s enrolment in a pension plan (after 12 weeks on assignment) and holiday pay. You’ll also get 24/7 access to an Employee Assistance Programme, designed to help you deal with any problems that could be affecting your home or work life. Plus, there’s discounts at heaps of high street shops, restaurants and entertainment - from Asda to Zizzi Italian restaurants.