As an international financial institution, the Bank supports international efforts to discourage tax evasion and other harmful tax practices. When a project involves an interposed entity in a jurisdiction other than the jurisdiction where the project is located, the Bank conducts due diligence to satisfy itself that such structure is based on sound business reasons and to assess the tax implications of using a third jurisdiction.
The Principal, Domiciliation and International Taxation Adviser (DITA) is primarily responsible for assessing compliance of cross-border ownership structures used by EBRD clients with the Policy on Domiciliation of EBRD Clients (EBRD Domiciliation Policy) and international tax standards (including standards on exchange of information and standards on base erosion and profit shifting).
The DITA reviews the domiciliation and tax due diligence conducted by EBRD bankers, follows-up with EBRD bankers (or EBRD clients and their advisers), prepares briefings for EBRD management and reviews approval documents.
The DITA monitors developments in international tax policy, contributes to the improvement of domiciliation and tax due diligence procedures, and contributes to the design and delivery of internal training for EBRD bankers and other staff.
The DITA, as an OCCO representative, cooperates with relevant departments within the Bank (especially the Banking Department), EBRD management and, as required, external parties (including other international financial institutions, the Global Forum, the OECD, the European Commission, etc.).
The DITA reports to the Head of the Domiciliation Unit.
Accountabilities & Responsibilities
Provides strategic guidance and advice to banking teams on how to undertake domiciliation and tax due diligence in respect of cross-border structures;
Reviews the findings of domiciliation and tax due diligence conducted by banking teams; assesses compliance with the EBRD Domiciliation Policy and international tax standards (especially standards on base erosion and profit shifting);
If needed, advises on specific domiciliation or tax requirements associated with the use of donor funds;
When appropriate, manages the engagement of, and supervises, external tax advisers;
Assesses accuracy and completeness of domiciliation and tax information disclosed in the EBRD project approval documentation, including documents presented to the EBRD Board;
Prepares briefings for EBRD management, identifying risks and mitigants;
If necessary, participates in Operations Committee meetings, Board meetings, Board Information Sessions or other relevant meetings held in the context of the project approval process;
Monitors developments in international tax policy (including the work of the OECD in respect of base erosion and profit shifting and that of the Global Forum in respect of tax transparency), maintains relationships, as required, with key external stakeholders, such as other international financial institutions, and may represent the Bank in international fora;
Contributes to the design of, and provides, effective training for staff regarding the requirements of the EBRD Domiciliation Policy, the conduct of domiciliation and tax due diligence in respect of cross-border structures, and developments in international tax policy;
Contributes to the improvement of domiciliation and tax due diligence procedures and to the improvement of the Domiciliation Unit's internal procedures, based on developments in international tax policy, best practices and lessons learned;
If and when necessary, contributes to the review the EBRD Domiciliation Policy, based on developments in international tax policy, best practices and lessons learned.
Knowledge, Skills, Experience & Qualifications
Graduate or Post-Graduate degree in accounting, banking, finance or law (or equivalent) from a leading university. Specialist qualification (such as a Master's Degree) in International Tax (or similar) would be an advantage.
Extensive experience in advising on international tax issues in the tax department of (i) an international accounting firm, (ii) an international law firm or (iii) an international financial institution or other relevant international organisation. Some experience of working in one of the Bank's countries of operations would be an advantage.
Extensive knowledge of principles of international tax, tax avoidance strategies and recent developments in international tax policy, including the OECD's base erosion and profit shifting package.
Good understanding of international financial institutions and their mandate.
High degree of professionalism, integrity and independence.
Excellent interpersonal, communication and presentation skills, including ability to conduct training courses.
Proven ability to make well-reasoned and considered judgement in complex situations.
Excellent command of the English language.
Diversity is one of the Bank's core values which are at the heart of everything it does. A diverse workforce with the right knowledge and skills enables connection with our clients, brings pioneering ideas, energy and innovation. The EBRD staff is characterised by its rich diversity of nationalities, cultures and opinions and we aim to sustain and build on this strength. As such, the EBRD seeks to ensure that everyone is treated with respect and given equal opportunities and works in an inclusive environment. The EBRD encourages all qualified candidates who are nationals of the EBRD member countries to apply regardless of their racial, ethnic, religious and cultural background, gender, sexual orientation or disabilities. As an inclusive employer, we promote flexible working.
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Internal Number: 5463057
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