Operations is one of the largest divisions in the Firm and has diverse responsibilities, including correctly settling and recording millions of transactions per day, identifying and mitigating operational risks, developing strong client relationships and partnering with technology to realise the full potential of IT solutions.
Operations continually seek ways to improve while actively supporting the development of new businesses, structures and markets.
Firmwide Operations includes Shared Services and Banking Operations (SSBO), Operations Risk and Control, Global Project Group, Branch Operations and Divisional Management.
The profile of Operational Taxes has seen an exponential increase in recent years as governments globally react to the financial crisis and the focus on tax revenue collection increases.
This increase in tax activity requires the Operations division to implement new processes to support these taxes. This is an exciting opportunity for someone who would like to make a direct contribution in managing operational tax risk within the Firm.
This role is unique in setting the standard for how firms will manage operational tax risk in the future. International Tax Utility (ITU) helps senior management and its individual business units manage the Firm's Tax risk by owning and driving forward the Operational Tax Control framework.
Maintaining and enhancing the internal operating processes, the division is crucial to safeguarding the Firm's franchise, proactively identifying and reporting on all in scope Tax risks.
The Asia Tax Utility (Asia ITU) team forms part of the broader ITU group, a department dedicated to streamlining and enhancing the operational tax environment within Morgan Stanley, specifically focusing on Asian operational taxes.
The group is responsible for setting best practice with regards to controlling and mitigating operational tax risk and performs a number of control / operational functions over a variety of withholding and transactional taxes generated by trading activities across multiple divisions including Equities, Fixed Income, Derivatives and Financing.
The successful candidate will therefore work closely with all Operations groups across the firm covering all product lines, Corporate Tax Department and the Business Units.
Asia ITU is currently based in Hong Kong. At a macro level, the multi faceted and dynamic role requires the candidate to review existing operational tax processes, analyse the operational tax impact of tax regulatory changes and new business proposals in order to be able to influence the implementation of change, in a highly pressured environment.
We are looking for a candidate who is driven to provide consistently high standards, keen to identify and resolve issues, will challenge existing processes and controls whilst working with cross functional teams to implement technological or non technological operational improvements.
