Tax Operations Analyst

Location: Canary Wharf, London 

Hybrid: minimum 2 days a week in the office

Length: 6 months - potential to extend

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. These include:

• Reporting of income and/or transactional data to both internal and external counterparts

• Providing excellent service to the business and our clients

• Ensuring Dividend/Coupon tax relief is attained for Firm and Client positions, either via Relief at Source or Tax Reclaim submission

• Managing and prioritising incoming requests

• Daily reconciliations and trade investigations

• Submission of regulatory deliverables (Client Money)

• Process changes and project work where necessary

This is a voluminous piece of work and you would be responsible for managing a workload to complete either by or ahead of a deadline. 

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: 

• You will either be an ambitious graduate with a degree in an accounting/finance or similar subject or have experience within accounting and finance or tax. 

• Excellent stakeholder communications skills; you should possess the necessary charisma to create strong working relationships with primary stakeholders across different departments and different global regions. 

• Strong MS Excel skills (pivot tables, various formulas, charts, etc.) to assist in problem solving and presenting both issues and solutions, as well as proficient in the use of Powerpoint

• Self-starter, able to work with minimum supervision

• Excellent people skills

• Strong ability to manage workload to meet the team’s business objectives 

• Capable of creating strong working relationships and networking within a corporate environment

• Fast learner who will appreciate the importance of understanding our processes in depth and how they are connected to our wider firm and business activities

• Strong analytical skills

• Strong problem-solving skills 

• High attention to detail

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 measure and reward 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:

At Barclays, we offer a hybrid working experience that blends the positives of working alongside colleagues at our onsite locations, together with working from home.  We have a structured approach where colleagues work at an onsite location on fixed, ‘anchor’, days of the week, for a minimum of two days a week or more, as set by the business area (or nearest equivalent if working part-time hours). Please discuss the working pattern requirements for the role you are applying for with the hiring manager. Please note that as we continue to embed our hybrid working environment, we remain in a test and learn phase, which means that working arrangements may be subject to change on reasonable notice to ensure we meet the needs of our business.

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.