Job DescriptionRole Purpose:
To provide a proactive, in-house Tax Risk Management service to FirstRand Ltd, with a specific focus on the following areas of the FirstRand Group: RMB, Group Treasury and the nav. fintech structure.
Scope:
The FirstRand Group’s Tax risk is managed on a centralised basis by the Tax Risk Management team within FirstRand Group Tax. Where appropriate, a deployed model is adopted for specific divisions within the Group. Tax Risk Management wishes to appoint a Tax Risk Specialist, with responsibility for the functions/duties listed below relating to the tax affairs of certain areas within the FirstRand Group. The Tax Risk Specialist will report to the RMB and Group Tax Risk Manager.

Hello future Tax Risk Specialist!

FirstRand believes that its people are its single most important resource and will not operate in a sector unless it has people who are right for that market and who share FirstRand’s business values. We recruit self-starters who have a passion for what they do. We empower them, hold them accountable and reward them appropriately. We value diversity in our people, particularly for the way that this contributes to innovative thinking. If you think you will flourish in our environment, and you believe you have the necessary skills and competencies for the position advertised, then we are looking for you!

Role Purpose:

To provide a proactive, in-house Tax Risk Management service to FirstRand Ltd, with a specific focus on the following areas of the FirstRand Group: RMB, Group Treasury and the nav. fintech structure.

Scope:

The FirstRand Group’s Tax risk is managed on a centralised basis by the Tax Risk Management team within FirstRand Group Tax. Where appropriate, a deployed model is adopted for specific divisions within the Group. Tax Risk Management wishes to appoint a Tax Risk Specialist, with responsibility for the functions/duties listed below relating to the tax affairs of certain areas within the FirstRand Group. The Tax Risk Specialist will report to the RMB and Group Tax Risk Manager.

Are you someone who can:

Manage complex SARS audits, appeals and litigation issues, including responses to requests for information, proposed assessments and briefs to Counsel in order to contest SARS positions; Take ownership of all aspects of tax disputes and litigation issues with regard to the tax affairs of certain dedicated areas within the FirstRand Group;Attend and providing Tax risk insight and sign off to various deal conclusion forums in relation to transactions or structures which impact the Group’s businesses;Prepare detailed written tax opinions on complex structured transactions, which identify potential tax risks and address appropriate solutions;Identify local and international direct tax risk areas, including the analysis of products and portfolios and the related tax implications;Provide tax advice to RMB and the Group in line with the Group’s tax risk appetite with the objective of optimising the tax and risk profile and identifying tax saving opportunities;Attending and providing tax risk input to various risk committees;Establish, communicate and implement taxation policies;Monitor compliance with tax legislation;Communicate changes to tax legislation and judicial decisions;Coordinate taxation training and information;Ensure that relevant systems are developed in compliance with tax legislation;Manage direct tax related projects as and when the need arises;Engage with external auditors and ensuring that all direct tax findings are adequately addressed;Draft of commentary following legislative amendments or “Annexure C” commentary for submission to National Treasury;Ensure that transactions, products or queries, which have other tax implications (such as Indirect Tax or Employees’ Tax) are discussed with the relevant tax experts within FirstRand Group Tax.

Qualifications and Experience

CA(SA) and/or Attorney, with post graduate qualifications relevant tax qualifications (e.g.: MCom / H.Dip Tax / LLB/ LLM);Minimum of 5-10 years of relevant tax experience within a large legal or audit firm;Broad and practical experience across all Tax competencies, including Direct Tax (income tax), International Tax, Indirect Tax and Employees’ Tax;An understanding of financial instruments, financial markets, exchange control regulations and retail and commercial banking;An understanding of International Tax principles and the ability to apply such knowledge to practical situations;

Technical Skills:

A working knowledge of Transfer Pricing and the ability to identify transfer pricing issues and apply relevant Transfer pricing legislation and internal Transfer Pricing policies;An understanding of and ability to apply Corporate Law and Companies Act principles to practical situations;Good knowledge of the Tax Administration Act in order to effectively advise on tax dispute strategies within the Group.

We can be a match if you are:

An exceptional tax practitioner who is energetic, engaged, proactive and innovative. Her/his experience will ideally include tenures with well-respected legal/audit firms;Proven track record of co-ordinating and delivering on large projects involving multiple stakeholders;Have the ability to build, forecast and interrogate financial models;Translator between tax, business and tech specialists;Pulling together information from various sources and from various subject matter experts to deliver a seamless finished product;Have the experience and ability to undertake independent research using various sources (such as Professional textbooks, articles, IBFD and LexisNexis) to form opinions, make recommendations and conclude on technical tax matters.Have a working knowledge of the Pillar II Model Rules to identify Pillar II risk areas / issues.Have proven skills and extensive experience in all aspects of tax disputes and litigation based on substantive tax knowledge and experience;Have experience in the preparation of complex SARS ruling requests regarding the tax consequences of proposed transactions;Have an excellent understanding of financial institutions, financial instruments and financial markets;Have a strong background in the corporate tax and corporate legal aspects of structured transactions;Have the ability to make independent decisions and creatively solve problems;Experience in dealing with revenue authorities at various levels, but especially with high-ranking office bearers responsible for policy will be beneficial;Have the ability to stay abreast of changes in legislation and provide meaningful advice.

You will have access to:

Challenging work in a complex and exciting environmentOpportunities to innovate and create efficiencies.

#LI-LM7 #POST #FCC

Are you interested to take the step? We look forward to engaging with you further. Apply now!

Job Details

Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below.

27/03/25

All appointments will be made in line with FirstRand Group’s Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.