Description:
Nomura Overview:
Nomura is a financial services group with an integrated global network. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its four business divisions: Wealth Management, Investment Management, Wholesale (Global Markets and Investment Banking), and Banking. Founded in 1925, the firm is built on a tradition of disciplined entrepreneurship, serving clients with creative solutions and considered thought leadership. For further information about Nomura, visit www.nomura.com.
Nomura Services, India supports the group’s global businesses. With world-class capabilities in trading support, research, information technology, financial control, operations, risk management and legal support, the firm plays a key role in facilitating the group’s global operations across four international regions.
At Nomura, creating an inclusive workplace is a priority. Our approach to inclusion encompasses a variety of initiatives, including sensitization campaigns, implementing conducive policies & programs, providing infrastructure support and engaging in community events. Over time, we have made meaningful progress in these areas, and this commitment has been well-recognized across the industry. We are proud recipients of the prestigious Top 10 Employers award by the India Workplace Equality Index (IWEI), IWEI Gold Employer of Choice awards, India CSR Leadership Award 2024 for Holistic Village Development Program and the YUVA Unstoppable Changemaker Awards.
Divisional Overview:
The Tax department handles the computation and preparation of regular tax filings, transfer pricing calculation & analyses, and related documentation / reporting. This department is organized into three specialized units: the Direct Tax team, the Indirect Tax team, and the Transfer Pricing team.
Business Overview:
The Indirect Tax team manages Nomura's regional VAT compliance through extensive collaboration with internal stakeholders and external advisors across multiple jurisdictions. The role requires active involvement in regulatory audits and assessments, serving as primary liaison with tax authorities, including preparation, submission, and ongoing maintenance of special method applications. A critical responsibility is conducting comprehensive risk assessments of indirect tax return computations, identifying potential exposures, implementing mitigation strategies, and ensuring all indirect tax positions are technically defensible.
What We Offer:
- We support employee wellbeing by ensuring a sense of purpose and belonging.
- We offer a comprehensive range of wellbeing services which allows employees to get access to the assistance they need at any point in their wellbeing journey.
- Our bespoke benefits support employees and their family’s holistic wellbeing and are inclusive of diverse identities and family structures.
Position Specifications:
Role & Responsibilities:
- Day to Day VAT Operations & Periodic Reporting - Oversee day-to-day indirect tax operations including monthly/quarterly return preparation and filing, manage compliance calendars across jurisdictions, coordinate payment processing, and ensure accurate and timely submission of all periodic regulatory reports. Extracting the information from source systems, analyse the financial data, perform the reconciliations and managing VAT adjustments. Owning Nomura specific VAT processes and ensure completion in timely manner.
- Systems, Workflow and Technology Enhancement - Assess and assist in redesign indirect tax data models and workflows to eliminate inefficiencies, deploy Power BI dashboards for reporting and analytics, develop Alteryx workflows for automated return preparation, identify RPA opportunities to eliminate manual tasks, and train teams on new solutions.
- Advisor & Stakeholder Management – Assist in coordinating with external tax advisors and consultants to ensure timely completion of all BAU activities and advisory projects, manage advisor relationships and deliverables, and build strong partnerships with Finance and Business teams to provide proactive indirect tax advice and training.
- Project Participation - Contribute and support on transformation initiatives, support regional tax technology projects, collaborate with internal and external audit teams, and lead indirect tax-specific projects aligned with organizational objectives.
- Indirect Tax Regulatory Knowledge – Have basic level knowledge of indirect taxes across multiple jurisdictions (including VAT, GST, and sales taxes), with particular focus on UK VAT legislation, and apply complex rules to financial services transactions across all regions where Nomura operates.
- Indirect Tax Recovery – Support primary contact and assisting with design, implement, and optimize partial exemption calculations across multiple entities, ensuring compliant indirect tax recovery methods, preparing special method applications where required, and conducting regular reviews to maximize recovery opportunities.
- Tax Authority Relations – Support primary contact for regulatory tax authorities across jurisdictions, prepare professional presentations and responses to inquiries, manage ruling and refund applications, and maintain constructive relationships for efficient query resolution.
Mind Set:
Financial services industry exposure / good working knowledge in Indirect Tax
Proficiency in bringing issues to closure by keeping all the relevant stakeholders informed.
Capable of root cause analysis and problem solving
Self-starter, problem solver and ability to work with minimal supervision
Management reporting and stakeholder management
Identifies and pursues innovative business initiatives that provide a material contribution
Excel system skills and ability to learn Finance specific systems
Strong analytical skills and knowledge of tools like Alteryx and Power BI
Strong Communication and Critical Thinking
Nomura Leadership Behaviours:
Exploring Insights & Vision
Comprehensively analyse the nature
of the problems we face and set our
focus toward the future vision
- Gather Intelligence
- Create a vision
- Identify an issue
Making Strategic Decisions
Analyse options and feasibility to resolve issues, in making
judgments and recommendations
- Identify countermeasures
- Assess feasibility
- Make a judgment
Inspiring Entrepreneurship in People
Promotes the vision and goals to others in such a way that inspires commitment and independent contributions
Elevating Organizational Capacity
Maximize organizational productivity through leadership development and
engagement
- Have an ownership in own development
- Support other‘s growth
- Encourage organizational growth
Respect diverse perspectives and
promote psychological safety
and the creation of a risk culture
- Foster psychological
safety
- Encourage the active
participation of all talent
- Foster a risk culture
We are committed to providing equal opportunities throughout employment including in the recruitment, training and development of employees. We prohibit discrimination in the workplace whether on grounds of gender, marital or domestic partnership status, pregnancy, carer’s responsibilities, sexual orientation, gender identity, gender expression, race, color, national or ethnic origins, religious belief, disability or age.
*Applying for this role does not amount to a job offer or create an obligation on Nomura to provide a job offer. The expression "Nomura" refers to Nomura Services India Private Limited together with its affiliates.
- The benefits are subject to change and will be in accordance with Company’s policies as may be applicable from time to time).
