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BBVA is a global company with more than 160 years of history that operates in more than 25 countries where we serve more than 80 million customers. We are more than 121,000 professionals working in multidisciplinary teams with profiles as diverse as financiers, legal experts, data scientists, developers, engineers and designers.

About the job:

We are seeking a professional to join our tax team as BBVA Tax Director for CIB business, reporting to the US Head of Tax. The selected candidate will be responsible for overseeing all tax related activities and strategies related to the CIB business in the US, working in collaboration with other colleagues based in Madrid and the rest of different jurisdictions of BBVA´s footprint, ensuring compliance with US tax laws and regulations and providing continuous tax support to the CI business area, contributing to the company growth and success in the US.

BBVA CIB business in the US encompasses a NY based broker-dealer and a US branch of our parent company in Spain, BBVA, S.A., conducting Global Markets, Global Transactional Banking and Investment Banking and Finance activities for US and international corporate clients and institutional investors.

BBVA has a robust global franchise and services clients in 24 countries around the world, with an extensive network of financial experts, investment-banking specialists and advisers in specific industries and sectors.

Main responsibilities

Tax strategy and planning

• Contribute to the development, update, implementation and control of ongoing compliance with the tax strategies and policies for the CIB business unit in the US, in line with BBVA´s group global tax strategy and business growth objectives in the US market.
• Participate in strategic initiatives promoted by BBVA in the US, supporting the Tax Team in evaluating the tax implications related to new business initiatives and assisting in evaluating the tax effects of various business proposals and planning ideas.
• Participate in internal / external working groups where tax matters affecting BBVA CIB business are discussed. Represent the Bank with respect to various industry advocacy groups for CIB tax matters
• Identify and assess tax risks and opportunities and develop strategies to mitigate tax risks and optimize tax outcomes, ensuring adherence to relevant tax regulations.
• Stay updated on changes in the tax laws, regulations, rulings and procedures, to determine not only its impact on the group but also any opportunities which may be derived for the different business lines as a result of these changes.

Tax Advisory

• Tax assistance, in collaboration with Tax Department senior staff, in evaluating the tax implications of new products, risks and requirements of products proposed by the various business lines, ensuring compliance with all the federal, state and local tax law and regulations.
• Review and negotiate the tax provisions of credit facilities, ISDAs, GMSLAs, GMRAs and other relevant banking agreements and legal documentation related to the CIB business, providing tax advice to the internal stakeholders, as necessary.
• Tax audit support, including responding to queries and IDRs from the IRS. Assistance in managing any investigation and / or other administrative processes when required.
• Collaborate in the elaboration, revision and implementation of BBVA transfer pricing policies and internal SLAs related to the CIB business
• Assistance in relation to tax equity financing projects.
• Respond to queries raised by the business teams, group management and/or from other colleagues at BBVA, in connection with any CIB business initiatives launched from the US office or with US ramifications.
• Oversight of external advisors and coordination with BBVA local teams. Establish relationships with other players in the CIB industry

Tax compliance and reporting

• Assistance in the preparation of BBVA federal, state and local tax returns (quarterly estimates, annual tax returns, tax provision, etc.) and transfer pricing documentation.
• Assistance in the preparation of specific tax filings related to the CIB business, including the maintenance of any regulatory tax reporting policies and procedures required for the CIB business carried out from BBVA NY office
• Respond to recurrent questions concerning tax accounting, tax compliance matters, business forms and regular advice related to the CIB business, from internal or external stakeholders.
• Monitor the impact that any change in tax laws and regulations may have in the tax position of the Group in the USA.
• Collaboration in the implementation of effective internal controls and processes to ensure accurate and timely tax reporting