Senior Manager, Compliance and Regulatory Reporting

Job Detail

Qualifications/Experience

Degree in Accounting or similar from a recognized and reputable tertiary institution.
Qualification such as ACCA, CIMA, CIS, ICTA or similar.
At least 5 years’ relevant experience in accounting preferably in taxation and
regulatory reporting.
Ability to analyze and interpret tax legislation.
Ability to draft tax opinions.
Comprehensive understanding of Banking regulatory reporting rules.
Ability to work in cross functional teams.

Key Result Areas

Provide internal tax advisory services and support on business operational matters.
Offer recommendations on strategies to legally minimize tax liabilities.
Undertake research and planning on the tax impact of proposed specific Bank transactions.
Review tax opinion and advice received from independent tax consultants.
Review policy pronouncements and changes in regulations and assess the impact on the Bank.
Review current tax and deferred tax provision computations for accuracy and completeness.
Carryout tax reconciliation between current and deferred tax and compute the effective tax rate.
Prepare tax forecasts for input into the Bank’s consolidated budget.
Prepare tax pack for external auditors and attend to and resolve audit queries.
Track and analyze changes in financial reporting standards as they relate to tax.
Review periodically the Bank’s Trial Balance for adequate tax treatment of income, expenditure,
assets and liability transactions.
Oversee the preparation and submission of regulatory returns to external regulatory authorities
such as RBZ, DPC and SECZ.
Monitor and keep track of changes in the regulatory environment and assess the impact of such
changes on the Bank’s compliance status.
Co-ordinate the annual Internal Capital Adequacy Assessment Process (ICAAP) and ensure the
report is submitted to RBZ within the set timeline.
Research and understand tax implications on intercompany and external transactions.

Compliance Regulatory reporting Tax