Scotiabank

Director & Head, International Tax Planning & Consulting - Finance

Scotiabank • $150K — $180K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
8 - 10 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Tax lawyer or CPA with at least 10 years of experience in International Taxation.
  • Demonstrated knowledge of Canadian corporate taxes and foreign affiliate rules.
  • Expertise in interpreting and applying tax treaties.
  • In-depth understanding of Global Minimum Tax Act (Canada) and OECD Pillar Two rules.
  • Demonstrated leadership and team management capabilities.
  • Strong communication skills for conveying complex tax topics to non-technical audiences.

Responsibilities

  • Lead customer-focused efforts to enhance client relationships.
  • Drive projects aimed at managing the global effective tax rate.
  • Oversee Canadian Foreign Affiliate tax rules within the Scotiabank group.
  • Assist local staff with compliance on foreign tax rules and treaties.
  • Liaise with management and external advisors to provide tax insights on transactions.
  • Manage Global Minimum Tax rules and prepare impact assessments.
  • Identify and implement tax planning strategies for Global Minimum Tax.

Benefits

  • Opportunities within a forward-thinking, innovative team.
  • Diverse career development opportunities.
  • Internal development programs to enhance skills.
  • Comprehensive compensation and benefits package.
  • Commitment to community impact and customer support.
  • Inclusive work environment that fosters creativity and celebrates successes.
Full Job Description
Requisition ID: 269941

Purpose

Leads and oversees the international taxation planning and consulting globally ensuring business strategies, plans and initiatives are executed / delivered in compliance with governing regulations, internal policies and procedures. Under the leadership of the VP International Tax & Global Tax Planning, the Director and Head Taxation Planning and Consulting leads tax related consulting and planning initiatives for International Banking, Global Banking and Markets, Executive Offices and Treasury; and tax related planning and implementation for Global Minimum Tax in Canada and globally. The principal purpose of this position is to lead and supervise the application of the Canadian Foreign Affiliate tax rules as well as provide oversight of the relevant foreign tax implications in respect of foreign or cross-border transactions, which include mergers, acquisitions, divestitures and commercial banking transactions by and between the Bank of Nova Scotia and/or its international subsidiaries, and to lead and supervise the management of the Global Minimum Tax rules as well as provide oversight of the impact analysis and implementation & tax planning strategy.

Is this role right for you? In this role you will:
  • Lead and drive a customer-focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
  • Significantly participate in projects whose main focus is to manage the global effective tax rate.
  • Take a leading role in managing the application of the Canadian Foreign Affiliate tax rules within the Scotiabank group, which encompasses a detailed knowledge of the complex rules pertaining to FAPI, dividend distributions, Canadian tax liabilities possibly arising in foreign subsidiaries, structuring, reorganizations and financing of foreign affiliates.
  • Assist subsidiaries' local staff with complying with foreign jurisdictions tax rules, and those as modified by tax treaties as appropriate. These will include cross-border transactions that arise between various foreign countries. Rates of withholding tax and specific "Limitation on Benefits" rules are relevant to this task.
  • Liaise with operational management and external advisors and provide tax information and/or advice with respect to various business opportunities and transactions as required.
  • Take a leading role in managing the Global Minimum Tax rules as they apply to Scotiabank in Canada and globally; prepare impact assessments and provide solutions to close the gap identified and provide tax technical supports and interpretations of OECD Pillar Two model rules and administrative guidance.
  • Identify tax planning opportunities and lead the implementation of tax planning strategies as they relate to Global Minimum Tax.
  • Collaborate with country finance team in the implementation of Qualified Domestic Minimum Tax rules, where applicable.
  • Manage team members by providing strong leadership to motivate individuals in order to achieve their objectives; exhibit an ability to listen, negotiate and communicate goals; share knowledge, experience and responsibility when dealing with staff; recognize training and development needs in relation to business objectives.
  • Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions.
  • Create an environment in which their team pursues effective and efficient operations of their respective areas in accordance with Scotiabank's Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
  • Build a high performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviours; communicating vison/values/business strategy and managing succession and development planning for the team.


Do you have the skills that will enable you to succeed in this role? We'd love to work with you if you have:

  • Tax lawyer or CPA with a minimum of 10 years' experience in International Taxation. CICA In-depth tax course or commensurate (e.g., Master of Taxation). Demonstrated ability to oversee complex tax matters.
  • Strong knowledge of Canadian corporate taxes and expertise in the Canadian foreign affiliate rules.
  • Strong experience in interpreting and applying tax treaties.
  • Strong knowledge of Global Minimum Tax Act (Canada) and OECD Pillar Two model rules and administrative guidance.
  • Strong interest and ability to specialize and develop requisite skillset in managing Global Minimum Tax rules.
  • Strong leadership and people management skills, including the ability to develop and coach team members.
  • Ability to communicate complex concepts to non-technical executives and others.
  • Ability to negotiate and influence others to ensure change is adopted and effected.


What's in it for you?
  • The opportunity to join a forward-thinking company surrounded by a collaborative team of innovative thinkers.
  • A rewarding career path with diverse opportunities for professional development.
  • Internal development to support your growth and enhance your skills.
  • A competitive compensation and benefits package.
  • An organization committed to making a difference in our communities- for you and our customers.
  • We have an inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success!


Location(s): Canada : Ontario : Toronto

About Scotiabank

Scotiabankers are committed to helping individuals, companies, and communities to thrive in a changing world. From personal and business banking, brokerage, and insurance, to private wealth, and the most sophisticated commercial, corporate and institutional services, they serve the diverse needs of some 21 million customers in more than 55 countries. Founded in 1832 in Halifax, Nova Scotia, their growth has always been fuelled by the success of their customers and their longevity secured by an unshakable commitment to carefully and expertly managing risk and capital. That focus on doing what's right for customers—short- andlong-term—has made us a global financial services leader. Headquartered in Canada, they are over 86, 000 Scotiabankers strong. Each of us are committed to being the best at understanding their customers' needs and all of us working together to deliver practical advice and relevant solutions that help their customers become financially better off.

Scotiabank Careers

Join Scotiabank, a premier financial institution, and become part of a diverse and inclusive team that’s leading the way in global banking. At Scotiabank, we offer more than just job opportunities; we provide a platform for professional growth and innovation in the financial services industry.

Work You’ll Do

At Scotiabank, we’re not just filling positions; we’re cultivating leaders. Dive into a workplace where diversity training and leadership development shape the path to your future. Our commitment to professional growth is evident in our robust training programs and continuous learning opportunities that foster innovation and strategic thinking.

Explore a World of Opportunities

Whether you’re looking for a full-time position, an internship, or a leadership role, Scotiabank has a spectrum of opportunities to fit your career ambitions. Our team is composed of individuals who bring a wealth of skills and perspectives to our company, driving us forward with their creativity and strategic insights.

Innovative Work Environment

Scotiabank’s culture is one of collaboration and respect, where each team member’s contribution is valued. Engage in meaningful work that challenges you to leverage your skills and push the boundaries of what’s possible in the banking sector. Our innovative projects not only support the growth of the company but also ensure our position as a leader in the industry.

Benefits and Growth

Choosing a career at Scotiabank means opting for a life of growth and opportunity. Our employees enjoy competitive benefits, including comprehensive health coverage, retirement plans, and flexible working conditions, all designed to support your career and personal life. We believe in nurturing our team’s potential by providing them with the tools they need to succeed both professionally and personally.

Join Our Team

Ready to take the next step in your career? Explore the job opportunities at Scotiabank by searching our open positions that match your skills and interests. We are continuously hiring and looking for passionate, curious, and solution-driven team players.

Networking and Professional Development

Stay connected and advance your career through Scotiabank’s extensive networking opportunities. Participate in events that connect you with other professionals and leaders within the industry. Our career resources will help you prepare your resume, ace your interviews, and land the job that best suits your career goals.

Stay Ahead

Keep up to date with the latest in career tips, industry insights, and company news—all from the people who work here at Scotiabank. Personalize your experience by subscribing to job alert emails tailored to your preferences and be the first to know about new openings and exciting developments. Join Scotiabank and be part of a team that values integrity, respect, and accountability. Discover how your career can flourish in an environment committed to your professional development and personal growth.
Learn more about Scotiabank
Size
90,619 employees
Market Cap
$57.5 billion
Industry
Finance & Insurance
5 Year Trend
+7%
NASDAQ
BNS
* Ladders Estimates

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