Overview
Group Human Resources Divisional Office
Description
Job Description 1:
- Assist in preparing the bank’s corporate tax schedules, monthly tax computations, and Estimated Chargeable Income (ECI) preparation.
- Assist in collecting supporting documents for the bank’s tax return, preparing Related Party Transaction (RPT) forms and collating Withholding Tax (WHT) receipts.
- Work with the team on tax processes improvement initiatives. This includes updating procedural manual and/or leveraging IT automation tools for tax processes simplification and maintain tax central repository.
Job Description 2:
- Assist in carrying out Tax Control Testing for Business Units (BUs) and Support Units (SUs) with a view to strengthening tax controls in their business processes as part of the bank’s Tax Governance initiatives. The involvement includes:
- Assist in preparing working papers for tax control testing, including planning, participating in meetings/interviews with different functions involved in the process.
- Assist in gather information, collect samples, sample testing to assess the effectiveness of tax controls and follow up on identified issues and corrective actions taken by the BUs and SUs.
- Assist in the preparation of the OCBC Group Local File and facilitate the execution of Service Level Agreements.
- Assist in the preparation of the OCBC Group Master File
- Assist in the intra-group billing to OCBC subsidiaries and branches.
- Assist in reviewing intra-group GL lines and reconciliations for intra-group reporting.
Job Description 3:
- Assist in updating standard operating guides.
- Liaise with subsidiaries and branches to collate data required at group.
- Assist in the monthly closing work including, review and analysis monthly current tax and deferred tax schedules, draft process map and update process guides etc.
- Assist in the research, analysis and drafting of replies to ad-hoc transactional tax queries.
- Assist in the initial review and documenting of the tax comments for the New Product Approvals Process (NPAP).
- Assist in the ad-hoc tax compliance matters as required.
Qualifications
Job Requirements:
- Completed Taxation module preferred
- Power BI/ Power Query/ Excel VBA – Macros (added advantage)
Primary Location
: Singapore
Job
: Internship
Organization
: Group Human Resources Divisional Office
Schedule
: Temporary
Job Posting
: 05-Sep-2024, 9:45:06 AM
About OCBC Bank
OCBC is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. It is now the second largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks, with an Aa1 rating from Moody’s. Recognised for its financial strength and stability, OCBC is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.
OCBC and its subsidiaries offer a broad array of commercial banking, specialist financial and wealth management services, ranging from consumer, corporate, investment, private and transaction banking to treasury, insurance, asset management and stockbroking services.
OCBC’s key markets are Singapore, Malaysia, Indonesia and Greater China. It has more than 570 branches and representative offices in 19 countries and regions. These include about 300 branches and offices in Indonesia under subsidiary Bank OCBC NISP, and over 90 branches and offices in Mainland China, Hong Kong SAR and Macau SAR under OCBC Wing Hang.
OCBC’s private banking services are provided by its wholly-owned subsidiary Bank of Singapore, which operates on a unique open-architecture product platform to source for the best-in-class products to meet its clients’ goals.
OCBC's insurance subsidiary, Great Eastern Holdings, is the oldest and most established life insurance group in Singapore and Malaysia. Its asset management subsidiary, Lion Global Investors, is one of the largest private sector asset management companies in Southeast Asia.
