About the job

Job summary

HMRC is one of the UK's biggest government departments. Almost everyone in the UK has some dealings with us. Each year, we collect over £800 billion from millions of people and businesses. This money helps pay for public services in the UK.

Large Business (LB) employs around 2,500 people to assure the compliance of HMRC’s 2,000 largest and most complex customers. The size and global reach of our customers places international tax issues at the forefront of our work to ensure they comply fully with their tax obligations.

We currently have a vacancy in Large Business, London region. LB London manages the compliance of financial customers including major banks, fund managers, mutual and financial institutions.

What We Offer: We prioritise the well-being and work-life balance of our team. Enjoy a 37- hour week with hybrid working options, blending office and home environments. Generous holiday entitlements ensure you have ample time to relax and recharge.

Joining HMRC is more than a job – it's a journey. We support your transition with comprehensive training and numerous opportunities for career growth in our diverse organisation.

See what it’s like to work at HMRC: find out more about us or ask our colleagues a question. Questions relating to an individual application must be emailed as detailed later in this advert.

Job description

We are looking to recruit a Senior Treasury Products Tax Specialist to act as LB London Treasury Products lead.

The successful candidate will have an extensive current experience of financial transactions gained either in public sector or private sector working in Treasury/Tax team for large multinationals or advisory firms advising on financial transactions and be a senior leader post holder.

The Senior Treasury Products Tax Specialist role involves working on the most complex high-profile risk assessment and enquiry work together with your senior leadership input to the team.

Your workload will be varied, consisting of risk assessment, enquiry work, real-time working, and will involve interacting with external customers and their representatives.

You will work with a number of key colleagues across the organisation including Customer Compliance Managers, cross-tax regime technical specialists, policy, economists and accountants.

Successful applicant will be responsible for technical leadership of case teams of International Tax Specialists (ITSs) and Corporation Tax Specialists (CTSs); focusing on building their capabilities through mentoring, training, and knowledge sharing.

In this role there will be opportunities to influence policy, contribute to the international strategy, develop innovative solutions and build the International tax community.

Some travel nationally will be required as part of this role.

Person specification

Essential Criteria

• Deep expertise in Financial Services sector.
• Proven ability to successfully manage complex enquiries and projects end-to-end.
• Strong knowledge of the UK and OECD financial transfer pricing rules, and extensive practical experience of applying those rulest.
• Extensive experience of structuring or reviewing financial transactions including intra-group funding arrangements.
• Understanding of and the experience of taking into consideration banking regulatory requirements.
• Knowledge and experience of valuation/pricing of fixed income instruments issued by Banks and Financial institutions.
• Familiarity with credit rating methodologies used by credit rating agencies.
• Strong grasp of financial transaction market standard legal documentation.
• Hands-on experience with Bloomberg.
  

Qualifications

You should hold one of the following qualifications (alternative qualifications will be considered on their merits):

• Chartered Institute of Tax (CTA) or Management Accountants (CIMA).
• Advanced Diploma in International Tax (ADIT).
• HMRC’s TSP or predecessor qualification (TPDP, ITS2, CPT, FT2).
• Consultative Committee of Accountancy Bodies membership qualification (such as ICAEW, ICAS, CAI, ACCA, CIPFA) or overseas equivalent.
• Postgraduate legal qualification with a significant element of taxation.

The panel may consider significant relevant experience of tax in place of the formal qualifications listed above, if it can be demonstrated that a lead role has been taken over many years and this will be considered and judged on its own merits.

Benefits

• Learning and development tailored to your role
• An environment with flexible working options
• A culture encouraging inclusion and diversity
• A Civil Service pension with an average employer contribution of 27%

Find more about HMRC benefits in 'Your little extras and big benefits handbook' for further information or visit Thinking of joining the Civil Service.

Things you need to know

Selection process details

As part of the application process, you will be asked to complete a name blind CV.

Your CV should detail your education history and a brief summary/key achievements for each of the roles. When completing your CV, please read and understand the Essential Criteria thoroughly as this is what your CV will be assessed against.

Sift

If you are successful at the sift stage, you will be invited to an interview.

Interview

During the panel interview, you will be asked to give a technical presentation demonstrating your suitability for this role. Further details of the presentation will be provided prior to interview. 

We will explore your technical knowledge by reference to your CV and you will be asked questions to test your technical skills and explore in detail what you are capable of.

Interviews will be carried out via video. Candidates will be required to have access to:    

• A laptop (personal or work) with a working webcam 
• Good internet connection 
• Microsoft Teams 

Feedback will only be provided if you attend an interview.

Recruitment timeline   

Sift (application review) will take place commencing from the 4th of March 2024,

Interviews will take place commencing from 18th March and 25th March.

We will try to meet the dates set out in the advert, however on occasions these dates may change.   

We reserve the right to raise the score required at any stage of the process in order to manage numbers.

A reserve list may be held for a period of up to 12 months from which further appointments may be made for the same or similar roles – if this applies to you, we’ll let you know via your Civil Service Jobs account.

Eligibility

To check that you are eligible to apply, review this eligibility information

Important information for existing HMRC contractual homeworkers

This role may be suitable for existing HMRC employees who are contractual homeworkers. Occasional attendance to the office will be required where there is a business need, so please review the advertised office locations for this role when applying and only select locations from the ‘location preferences’ section that you are able to travel to.  

Reasonable Adjustments 

We want to make sure no one is put at a disadvantage during our recruitment process because of a disability, condition, or impairment. To assist you with this, we will reduce or remove any barriers where possible and provide additional support where appropriate. 

If you need a reasonable adjustment or a change to be made so that you can make your application, review this information on reasonable adjustments, and contact hmrcrecruitment.grs@cabinetoffice.gov.uk as soon as possible.

Diversity and Inclusion

At HMRC we are committed to creating a great place to work for all our colleagues and creating an inclusive and respectful environment that reflects the diversity of the society we serve.

Diverse perspectives and experiences are critical to our success and we welcome applications from all people from all backgrounds with the experience and skills needed to perform this role. We’re committed to creating a great place to work for all our colleagues here at HMRC. We want everyone to feel valued and supported to achieve their potential at HMRC.

For more information on how we make this happen, review this information on our culture and values

Applications received from candidates with a criminal record are considered fairly in accordance with the DBS Code of Practice and the Recruitment of ex-offenders Policy.

We welcome applications from those who need to work a more flexible arrangement and will agree to requests where possible after considering operational and customer service needs. We can’t guarantee that we can meet all requests to work flexibly, as agreement will be subject to business ability to accommodate, and any request to work a more flexible arrangement should be made prior to your acceptance of the provisional offer.

Customer facing roles in HMRC require the ability to converse at ease with members of the public and provide advice in accurate spoken English and/or Welsh where required. Where this is an essential requirement, this will be tested as part of the selection process. 

The Civil Service runs a Disability Confident Scheme (DCS) for candidates with disabilities who meet the minimum selection criteria.

The Civil Service also offers a Redeployment Interview Scheme to civil servants who are at risk of redundancy, and who meet the minimum requirements for the advertised vacancy. 

Locations 

HMRC has a presence in every region of the UK. For more information on where you might be working, review this information on our locations.

Security Update

For more information on the level of security checks we will carry out, review this information on security checks 

Further Information

The Civil Service values honesty and integrity and expects all candidates to abide by these principles. The evidence you provide in your application must relate to your own experiences.

Any instances of plagiarism or other forms of cheating will be investigated and, if proven, the relevant application/s will be withdrawn from the process. 

Duplicate applications for the same vacancy will also be withdrawn.

Transferring into HMRC from Civil Service If you are currently working for an ‘Other Government Department’ (OGD) and would like to consider the impact on your pay when joining HMRC, please see the attached document "Combined T&C and OGD Pay English”, found at the bottom of this advert. Further information on staff transfers can be found on gov.uk

Problems during the application process 

If you experience accessibility problems with any attachments on this advert, please contact the email address in the 'Contact point for applicants' section. 

If you think you’ve made a mistake on a short application form (e.g. you’ve ticked the incorrect eligibility box), please contact hmrcrecruitment.grs@cabinetoffice.gov.uk at least two working days before the vacancy closes. After this, we won’t be able to reopen your application.   

Please use the subject line to insert appropriate wording e.g. Please re-open my application - 337356 & vacancy closing date 04/03/24. Please note that we cannot amend or re-open your application if you have submitted your full application in the interests of fair and open recruitment.

For reasonable adjustments queries or requests, please see details within reasonable adjustments section above.

Feedback will only be provided if you attend an interview or assessment.

Security

Successful candidates must undergo a criminal record check. People working with government assets must complete baseline personnel security standard (opens in new window) checks.

Nationality requirements

This job is broadly open to the following groups:

• UK nationals
• nationals of the Republic of Ireland
• nationals of Commonwealth countries who have the right to work in the UK
• nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities with settled or pre-settled status under the European Union Settlement Scheme (EUSS) (opens in a new window)
• nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities who have made a valid application for settled or pre-settled status under the European Union Settlement Scheme (EUSS)
• individuals with limited leave to remain or indefinite leave to remain who were eligible to apply for EUSS on or before 31 December 2020
• Turkish nationals, and certain family members of Turkish nationals, who have accrued the right to work in the Civil Service

Further information on nationality requirements (opens in a new window)

Working for the Civil Service

The Civil Service Code (opens in a new window) sets out the standards of behaviour expected of civil servants.

We recruit by merit on the basis of fair and open competition, as outlined in the Civil Service Commission's recruitment principles (opens in a new window). The Civil Service embraces diversity and promotes equal opportunities. As such, we run a Disability Confident Scheme (DCS) for candidates with disabilities who meet the minimum selection criteria. The Civil Service also offers a Redeployment Interview Scheme to civil servants who are at risk of redundancy, and who meet the minimum requirements for the advertised vacancy.