
Tax Operations – India Lead, VP
- Bangalore, Karnataka
- Permanent
- Full-time
- Tax Operations is a core function within Margin Treasury and Tax Operations, responsible for managing and supporting all operational tax processes for Deutsche Bank AG and its associated entities.
- The team ensures compliance with global tax regulations and primarily supports the Corporate Bank and Investment Bank divisions.
- Transactional Taxes – including Financial Transaction Tax (FTT), Withholding Taxes, and Stamp Duty.
- Cost Basis – managing client tax lot allocations and market/client transfer statements.
- Derivative Tax – covering tax implications on derivative instruments.
- FATCA & CRS – ensuring compliance with U.S. and global tax transparency regulations.
- Tax Reclaims – managing relief at source and post-payment reclaims
- Tax Due Diligence (TDD) – encompassing validation of tax documentation, client self-certification, and classification.
- Regulatory Reporting – including FATCA, CRS, Chapter 3/61, and other jurisdictional filings.
- Reconciliation and Payments – ensuring accurate tax application and alignment between Deutsche Bank systems and tax authorities.
- Audit and Risk Management – supporting internal and external audits, and maintaining robust control frameworks
- Best in class leave policy
- Gender neutral parental leaves
- 100% reimbursement under childcare assistance benefit (gender neutral)
- Sponsorship for Industry relevant certifications and education
- Employee Assistance Program for you and your family members
- Comprehensive Hospitalization Insurance for you and your dependents
- Accident and Term life Insurance
- Complementary Health screening for 35 yrs. and above
- Subject Matter Expertise: Act as a SME across operational tax processes including FATCA, CRS, Chapter 3 Reporting, Withholding Tax, Capital Gains Tax, Transaction Tax, Cost Basis, Stamp Tax, Tax Reclaims/Relief at Source, tax payments to authorities, and Tax Due Diligence (TDD)—covering client classification, self-certification validation, and documentation review.
- Regulatory Awareness: Stay abreast of market and regulatory changes impacting tax operations; ensure timely communication and implementation of necessary changes.
- Risk & Controls: Monitor risk and control indicators, maintain robust mitigation processes, and escalate incidents to senior management promptly.
- Project Management: Lead initiatives to implement new regulatory requirements and technology-driven process enhancements.
- Stakeholder Engagement: Manage relationships with senior stakeholders across Business, Technology, Operations, Clients, Agent Banks, Risk, and Group Tax.
- Operational Oversight: Oversee tax processing activities across all sub-processes, ensuring timely and accurate execution.
- Team Leadership: Provide leadership to India Tax Ops and Tax Due Diligence teams, support issue resolution, and foster collaboration across locations.
- Client Service: Ensure timely and effective resolution of internal and external client queries.
- Process Optimization: Review and redesign processes for efficiency and cost savings; collaborate with tech teams to automate and streamline workflows.
- MIS & Reporting: Produce and present India Tax Operations MIS to senior management for strategic insights.
- Collaboration: Work closely with global operations teams to ensure tax processes align with regulatory expectations and internal standards.
- Support & Guidance: Assist teams with operational tax queries and ensure consistent execution across supported businesses.
- Graduate with an excellent academic record and over 15 years of experience in the Banking and Finance industry. Prior experience or understanding of Custody and Asset Services is preferred.
- Deep technical knowledge of global tax regulations and operational tax processes.
- Strong understanding of regulatory trends and business banking products.
- Proven ability to manage competing priorities and deliver under pressure.
- Effective communicator with experience managing global stakeholder relationships in a matrixed environment.
- Demonstrated leadership in cross-functional teams with strong interpersonal and collaboration skills.
- Analytical mindset with strong problem-solving, judgment, and decision-making abilities.
- High attention to detail and a proactive approach to questioning and improving existing practices.
- Skilled in project management, regulatory implementation, and process optimization.
- Proficient in MS Office; adept at organizing, planning, and multitasking.
- Self-motivated, independent, and a committed team player.
- Training and development to help you excel in your career
- Coaching and support from experts in your team
- A culture of continuous learning to aid progression
- A range of flexible benefits that you can tailor to suit your needs