Tax Analyst

 Job Description

Tax compliance is becoming increasingly data driven and this role is designed to support IG's ever growing tax compliance obligation, which becomes more complicated as the group expands and complex tax laws are rolled out. The role is integral to ensuring accurate and timely tax filings and payments are made across the group and offers an opportunity to learn about many different types of tax across the globe. No prior tax knowledge is required, but prior experience in a finance role is preferred. There will be plenty of opportunities to learn about various global taxes.

So, who are we?

Hello, we’re IG Group. No, not Instagram – though we're a pretty big deal ourselves.

We’re a global, FTSE 250-listed company made up of a collection of progressive fintech brands in the world of online trading and investing. The best part? We’ve snapped up many awards for our top-class platforms, forward-thinking products, and incredible employee experiences.

We believe in financial freedom. And our purpose is to help ambitious people achieve it. Around 400,000 people use our groundbreaking technology and forward-thinking platforms to trade the financial products they know and love.

Did we mention we have offices in 18 countries? Yes, when you join IG Group, you'll have the chance to work across multiple brands, with people all over the world. Join us for an exciting future and let’s innovate together!

Your role in the Team

There are broadly 4 areas of tax at IG, Corporate, Client, Employment and Indirect taxes and this role will have opportunities to support all of them, however will have a focus on Client taxes. There are vast amounts of data that require sense checking, manipulating and configuring into tax authority friendly formats. A successful candidate will also have the ability to adapt and improve the existing tax processes. The tax function reports directly to the CFO and consists of the Group Head of Tax, Head of Indirect Tax, 3 Senior Tax Managers, and 2 Tax Managers. This role will have day to day reporting responsibilities to London based Senior Managers.

What you’ll do

The role will primarily be focused on Operational tax compliance and will involve:

• Assisting with US withholding tax obligations relating to IG’s Qualified Intermediary (QI) and Qualified Derivatives Dealer (QDD) statuses. Where a client trades a US stock or US underlying (for leverage products) and that stock issues a dividend, US withholding tax applies. IG subsidiaries have been granted QI/QDD status from the US tax authorities which allows us to provide preferential tax treaty rates on these dividends if the correct onboarding documentation is collected. With this status comes additional tax reporting. Your role will involve ensuring the correct KYC processes are in place to then prepare Group wide tax calculations, payments and returns for all QDD and QI related matters (Form 1042, Form 1042-S, Form 1099, Form 945, Form 7004, Form 8809 and 871m payments)
• Assisting with Group wide AEOI reporting obligations (FATCA/CRS). FATCA and CRS were rules were designed to prevent clients hiding their assets offshore. Several countries have entered into a regime where companies like IG will have to exchange information about their clients to the tax authorities. For example, a client may open account with IG in one country (say the UK) but be tax resident of another country (say the US), we will have to report this UK client to the US tax authorities as having an account with IG UK. The role will therefore involve extracting and cleansing IG client trading data to report to the tax authorities. You will also have to liaise with local stakeholders.
• Preparing monthly/annual tax calculations, payments and tax returns to the Italian authorities. This includes a) Financial Transaction Taxes which is a tax charged when any client trades leverage products over the Italian 40 index and large Italian stocks, b) Capital Gains Tax which is charged to Italian resident clients trading IG Products who make a gain on their investments and c) Wealth tax which is a tax payable by Italian residents who hold financial assets outside of Italy.
• Preparing UK ISA returns to HMRC. The UK ‘Individual Savings Account’ is a tax free wrapper where UK resident clients can trade stocks and shares free of UK income and CGT. We need to tell HMRC who these clients are and how much they have in their accounts with us.
• Issuing German tax statements to clients annually, ensuring compliance with changing tax rules. German withholding tax rules apply to German resident clients contracted with our German broker. The tax rules in this space are constantly evolving and the role will include implementing changes when required.
• Ensuring correct documentation from a customer perspective is in place for all the above
• Review and ongoing maintenance/updating of current processes and procedures
• Assisting with ad-hoc projects and implementation of business initiatives where required including the operational tax implications of launching new financial products and setting up new business overseas. This includes liaising with local advisers to pitch requirements to business.
• Liaising with IT to build systems to capture relevant logic to calculate operational taxes such as FTT or CGT
• Operational tax Governance. Operational taxes involves a number of teams around the business from KYC, to Dealers, Corporate Actions and finance. The role will involve liaising with all the business stakeholders to ensure they understand their involvement with respect to operational taxes.

You will also get the opportunity to support other areas of tax including:

• Assisting with preparing transfer pricing documentation.
• First line monitoring and maintenance of the global compliance tracker, keeping the team updated with upcoming deadlines for tax returns/payments and dealing directly with 3rd party advisors.

Who we’re looking for?

While there are many profiles of people who work at IG – across all roles, we’re looking for a few common traits:

You’re upbeat and enthusiastic, and you have an open mind and a curious, can-do attitude.

You, like us, understand the importance of collaboration and are driven to be the best in what you do.

You want to be part of a proudly carbon-neutral company that will prioritise your wellbeing and that of the world around you, helping to create a brighter future for all. A company that embraces diversity and welcomes everyone with respect, regardless of race, age, sexual orientation, gender, identification, faith or culture.  

If you’re inspired by our way of working and can bring something new to our team of topnotch people, then you’ll find a home here.

We don’t fit the corporate stereotype. If you want to work for a traditional, suit-and-tie corporate, we might not be for you. But, if you have that IG Group energy and you can stand behind what we believe in, join us in raising the bar for our customers and across the trading industry.

What you’ll need for this role

• Graduate degree is must, preferably from a finance background.
• Strong analytical skills – with a natural curiosity and confidence to question and dig deeper if information does not make sense.
• High proficiency in Excel.
• Experience with writing queries in Excel/VBA/SQL an advantage, but not essential.
• Tax knowledge an added advantage, but not essential.
• Self-motivated team player who is diligent, proactive, organised and has an attention to detail.
• Good collaborator, able to establish and maintain effective working relationships.
• Adaptable and enjoys a dynamic, rapidly changing working environment

We're looking for tenacious, curious, eager and open-minded people to help us maintain our industry leadership.  

We recruit based on excellence, and believe that diversity is vital to success. We have zero tolerance for bullying, harassment or any other behaviour that stifles innovation and collaboration.

How you’ll grow

When you join IG Group, we want you to have more than a job – we want you to have a career. And you can. If you spot an opportunity, we want you to chase it. Stretch yourself, challenge your self-beliefs and go for the things you dream of. With internal and external learning opportunities, and the tools to help you skyrocket to success, we’ll support you all the way.

And these opportunities truly are endless because we have some bold targets. We plan to expand our global presence, increase revenue growth, and ultimately deliver the world’s best trading experience. We’d love to have you along for the ride.

The perks 

It really is more than a job. We’ll recognize your talent and make sure that you can still have a life – at work, and outside of it. Networks, committees, awards, sports and social clubs, mentorships, volunteering opportunities, extra time off… the list goes on.

• Hybrid working
• Home office equipment reimbursement
• Annual financial bonus
• Private medical cover for you and your family/partner (Medicover)
• Multikafeteria system (you can choose a multisport card, vouchers, etc.)
• Life insurance (Generali)
• Employee-led LGBTQ+, Women’s, Black, and Parents & Carers networks with an annual budget for organizing events & projects that foster an open, diverse, and inclusive culture  
• Career-focused technical and leadership training in-class and online, incl. unlimited access to LinkedIn Learning platform
• Well-being events as well as Employee Assistance Programme
• Summer picnic, New Year party and other social events  
• 3 additional days off a year - 1 to celebrate your Birthday and 2 for voluntary work
• App-based parking spots booking system
• Stretching sessions
• Wellbeing weeks

How you’ll work 

We follow a hybrid working model; we reckon it’s the best of both worlds.  This model also feeds into our secret ingredients for innovation: diversity, flexibility, and close connection.

Plus, you’ll be welcomed into a diverse and inclusive workforce with a lot of creative energy.

Ask our employees what their favorite thing is about working at IG, and you’ll hear an echo of‘our culture’! That’s because you can come to work as your authentic self. The things that make you, you – like your ethnicity, sexual orientation, faith, age, gender identity/expression or physical capacity – can bring a fresh perspective or new skill to our business.

That’s why we welcome people from various walks of life; and anyone who wants to help us realize our vision and strategy by delivering at pace and championing the client in everything we do. 

We also think hard about our ways of working as a company. At IG Group, we’ve set out five target behaviours that we expect everyone to strive to achieve in all that we do:

• Lead & Inspire: Leading teams in a way that drives trust, alignment, and enthusiasm;
• Think Big: We focus on the problems that most move the needle of commercial outcomes;
• Champion the client: We always keep the client's needs front of mind and deliver as much value for them in all that we do;
• Deliver at pace: We work to ensure nothing stands in the way of fast delivery of sustainable growth for our business; and
• Raise the bar: We raise the bar by taking ownership of outcomes and being accountable for making things better all across IG.

Apply now!