Field of activity
Objective of the individual performing the tax product role is the maintenance of the tax product suite and the further development of the tax product & service suite, focusing on, but not limited to, the German Withholding Tax product . The individual supports the head of unit in the maintenance and further development of the tax product and product strategy around internal and external developments and to support the strategic positioning of the product in the competitive environment. Additionally, the individual will prepare and present the appropriate documentation for internal stakeholders (relationship management, IT, Ops and other) as well as clients and other third parties (regulators, partners etc). In this role, the individual reports to the head of unit responsible for the Tax Product within Clearstream.
Tasks/responsibilities
- Maintain the tax product & service portfolio for the markets covered
- Build out the product & service capabilities appropriately
- Manage tax product content and engage directly in senior stakeholder discussions and client pitches
- Support the unit head in the oversight of the financial figures and P&L management of the tax product line
- Support the unit head in the management of revenue development, sales pipeline, P&L, direct and indirect allocated costs and EBIT development
- Interact with internal and external stakeholders, providers, tax authorities to ensure compliance with local tax laws and derive actions from a tax product perspective
- Participate in client meetings/ pitches with RM and actively move opportunities forward from a tax product perspective, through coordination with the unit head, operations and IT engagement
- Keep abreast of general market updates, developments and competitor’s activities to best develop and support the management of the tax product strategy
- Run internal and external stakeholder meetings/committees and events and represent the tax product line at industry fora
- Support projects within Clearstream (i.e. Product, Network, Strategy, Pricing, Credit, Compliance, Global Securities Financing, Investment Funds) and the wider Deutsche Boerse Group, where appropriate from a tax product perspective
Qualifications/required skills
- An experienced individual, with proven experience in the (Withholding) Tax space in Germany and Europe
- An experienced individual, with proven success in managing complex, corporate/institutional relationships
- Degree qualified in Law or Business or Finance or other relevant fields ideally with a consultancy background
- Minimum 5 years experience within the Financial Services industry with more recently at least 3 years exposure to (German) tax and/or custody environment in the financial industry
- Have a strong business acumen, grasp of all financials and analysis skills to identify and manage opportunities
- Industry knowledge, particularly of Investment Operations/Securities Industry, with specialist tax/custody function experience
- Outstanding verbal and written communicator with the ability to summarise complex technical arrangements for a non-technical audience
- Language skills: German, English and if possible also French
