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Vice President, Commodities VAT at Citi

4 months ago

London, UK, United Kingdom Citi Full time
Are you looking for a career move that will put you at the heart of a global financial institution? Then bring your skills in analysis, problem solving and communication to Citi's Tax Team.
By Joining Citi, you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.
Team/Role Overview
Citi's Tax Department provides technical tax support to the UK, Europe and MEA businesses and acts in both a compliance and consultative role to ensure that tax risk is appropriately managed.
As such, the Tax Department is a partner to the business and provides support such as analysis of changes in tax law; new product review and development; client support and strategic tax advice. In addition, it assists with managing tax risk and processes to ensure these meet with Citi's high standards.
Citi operates in over 100 countries globally and is subject to VAT / GST compliance in the majority of these countries, with increased focus by many taxing authorities. Citi requires that all businesses meet the highest standards of compliance and the Tax Department works with the businesses to ensure this is done appropriately and efficiently. Citi also works closely with Governments to ensure the practical implications of operational taxes are understood when policy decisions are made and legislation is being considered.
What you'll do
This role is to be a key part of the UK based VAT Team which has responsibility for UK VAT compliance and advisory functions and the oversight (incl providing advisory VAT support) of the VAT issues in UK, Europe and MEA clusters.
This role includes a particular focus on supporting the commodities business, providing VAT advice in respect of global commodity transactions, assisting with technology implementation in the business and the review of the commodities' businesses VAT return and other VAT reporting requirements. Working closely with colleagues overseas to ensure the indirect tax issues associated with this business are effectively managed on a timely basis.
The role will also include a more general VAT advisory remit, to support the Head of VAT, UK, Europe and MEA to provide ad hoc VAT advice in relation to all Citi businesses and support areas.
Support the commodities business in indirect taxes and be the primary business interface with Tax for that business.
  • Review new products in the commodities business.
  • General ad hoc VAT advice and projects on other areas of financial services VAT.
  • Ensure VAT compliance in the commodities business.
  • Assist with initiatives in respect of process efficiencies.
What we'll need from you
  • Commodities VAT specific experience is essential.
  • A deep understanding and knowledge of VAT and financial services is essential.
  • A background in VAT advisory work, is essential.
  • Good understanding of VAT compliance in the UK
  • Experience of VAT processes and risks.
  • Excellent oral and written communication skills.
  • Competent negotiator and presenter of ideas.
  • Ability to work to deadlines.
  • Apply commercial judgment as well as technical proficiency.
  • Accountancy or legally qualified; Additional tax qualification would be advantageous.
  • Experience in general VAT and tax accounting.
  • Experienced VAT specialist particularly with commodities issues.
  • Worked in a multi-jurisdictional environment and gained knowledge of one or more tax systems,
  • Experience of partial exemption special methods and financial services VAT.
What we can offer you
We work hard to have a positive financial and social impact on the communities we serve. In turn, we put our employees first and provide the best-in-class benefits they need to be well, live well and save well.
By joining Citi London, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive base salary (which is annually reviewed), and enjoy a whole host of additional benefits such as:
  • Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure
  • A discretional annual performance related bonus
  • Private medical insurance packages to suit your personal circumstances
  • Employee Assistance Program
  • Pension Plan
  • Paid Parental Leave
  • Special discounts for employees, family, and friends
  • Access to an array of learning and development resources
Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day. We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive.

Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities.

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Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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