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Transformation Tax Principal

Luxembourg, LU, L-2449

Purpose of the Job

 

Quintet Private Bank is a leading private bank in the wealth management sector; we are committed to our clients and their families, and pride ourselves on our personalised service based on a deep understanding of what clients want to achieve. 
We are a bank headquartered in Luxembourg, with branches in Belgium, Denmark, Germany, Netherlands and a subsidiary in the UK. We are supervised by the CSSF with an ambition to stay true to our purpose to be the most trusted fiduciary of family wealth.

When you join Quintet you are joining a company that values diversity of background, equal access to opportunities, career development, collaboration and inclusiveness. We want our employees to feel proud of being part of a company that is committed to do the right thing. You will have the opportunity to grow your career while developing personally and professionally through various resources and programmes. 

Support the Head of Group Client and Bank Tax to transform a team of approximately 20 FTE across one functional unit, with team members located in five countries (UK, Luxembourg, Netherlands, Germany, and Belgium) dedicated to Tax activities. Oversee all tax-related activities linked to clients and banking transactions within the Group. Ensure coverage of operational tax matters, regulatory tax support, and tax watch across jurisdictions.

Key Accountabilities

 

  • In coordination with the Head of Group Client and Bank Tax, plan, organize, monitor, and control the transformation of all operational and support activities related to Client and Bank tax across the group    
  • Support the Head of Group Client and Bank Tax in monitoring and following tax regulations impacting the Group’s activities across jurisdictions, through internal analysis or with the support of external tax advisors. Support the Head of Group Client and Bank Tax in ensuring consistent and compliant implementation of tax requirements, aligning practices with evolving legal and regulatory frameworks.                
  • Together with the Head of Group Client and Bank Tax, lead transformation initiatives, including process streamlining, harmonization across all locations, and cost-saving measures. Align, integrate, and lead teams from all group locations into a unified team and target operating model (TOM).                                    
  • Support the Head of Group Client and Bank Tax in in actively managing relationships with key vendors, Business Process Outsourcing (BPO) providers, and internal and external stakeholders to ensure an efficient transformation of the Tax department.                    
  • Together with the Head of Group Client and Bank Tax, prepare and continuously implement the Client and Bank tax department strategy to align with internal and external client needs.                
  • Support the Head of Group Client and Bank Tax in managing performance and risk reviews, including FTE targets, operational KPIs, KRIs, financials, SLAs, and client satisfaction.
  • Ownership of processes & respective controls within the Group functions. Continuous improvement, alignment and harmonization across all group locations (where applicable).                        
  • Support the Head of Group Client and Bank Tax in managing, leading, training, developing, and motivating the entire team to maintain high standards of professionalism and technical competence. Identify and nurture talent.                                
  • Together with the Head of Group Client and Bank Tax, conduct resource assessments, allocations, and skills development to ensure strong technical and operational expertise to meet client requirements.    
  • Represent the Head of Group Client and Bank Tax upon request and when deemed necessary                            
  • Support / replace the Tax Senior Service Leader as deemed necessary    

Knowledge and Experience

 

  • Further professional Education (Masters / Professional qualification)    
  • More than 5 years experience in a similar role

Attributes and Qualities

 

  • Adaptability & Learning Agility                        
  • Leadership & People Management                        
  • Client-Centric Mindset                            
  • Decision Making                                
  • Strategic & Innovative Thinking    

Technical Skills

 

  • Strong knowledge of  wealth income taxation                 
  • Banking-Applications/Core-Banking                    
  • Strong knowledge of  banking transactions                 
  • Strong regulatory and controls mindset                     
  • MS Office Suite

Languages Skills

 

  • Fluent in English, Germand and French would be a plus

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