About the Role
The Tax team is responsible for overseeing all aspects of the firm's tax affairs, including tax compliance, reporting, planning, and advisory work across the fund structures and investment activities. The successful candidate will assist with a variety of projects relating to both the global corporate group and the external funds managed by Brevan Howard, including BH Digital. Given the global nature of the business, the team works closely with colleagues and advisors spread across various jurisdictions. The individual will join this team, working alongside experienced tax professionals to help manage and develop the firm's tax function on a global scale.
Responsibilities
- Advise on non-US tax matters affecting the Brevan Howard group’s managed funds and management entities.
- Lead the non-US tax analysis of fund investment transactions, with a particular focus on credit, digital asset and venture investments.
- Assess potential withholding taxes, non-resident capital gains taxes, corporate taxes and related local registration and filing obligations.
- Advise on appropriate holding structures.
- Review tax provisions in transaction documents, including tax representations, gross-up provisions, withholding provisions and indemnities.
- Work directly with investment teams and external advisers to provide clear, practical conclusions in a timely manner.
- Advise on new business initiatives, including new investment strategies and fund launches.
- Provide tax advice on the establishment of new operating entities, covering both direct and indirect tax matters.
- Support on fund and investor-related tax matters by working closely with internal teams and external service providers.
- Provide advice in respect of tax matters impacting Brevan Howard management entities and their employees.
- Monitor relevant non-US tax legislative and regulatory developments.
- Assess implications of tax developments for managed funds and management entities and advise senior stakeholders.
- Support the development of junior members of the tax team.
Requirements
- 6+ years of relevant tax experience gained in a Big 4 firm, a law firm or in-house within asset management or financial services.
- Proven experience advising on cross-border investment tax issues affecting funds, including withholding tax, treaty access and permanent establishment analysis.
- Experience of the tax aspects of credit, digital asset or venture investments.
- Experience of the tax issues that impact multinational asset management businesses and their managed funds.
- Experience of working to transaction timetables alongside investment teams and external advisers.
- Professional accounting or tax qualification, or a qualified lawyer.
- Strong technical knowledge of corporate and partnership tax and of international tax principles, including double tax treaties, withholding taxes and permanent establishment risk.
- Ability to reach and communicate practical conclusions on complex, technical issues, concisely and to deadline, to non-tax stakeholders.
Skills
- Credit tax
- Digital asset tax
- Venture investment tax
- Cross-border investment tax
- Withholding tax
- Treaty access
- Permanent establishment analysis
- Corporate tax
- Partnership tax
- International tax principles
- Double tax treaties
- Non-US tax legislative and regulatory developments
- Tax advice on new business initiatives
- Tax advice on new investment strategies
- Tax advice on fund launches
- Tax advice on establishment of new operating entities
- Direct tax
- Indirect tax
- Fund tax matters
- Investor tax matters
- Tax matters impacting management entities
- Tax matters impacting employees
- Digital asset tax (desirable)
- Tokenised instruments tax (desirable)
- US tax principles (sufficient knowledge for effective collaboration)
Location
- London
- Jersey
- Geneva
- New York
- Austin
- Hong Kong
- Singapore
- Abu Dhabi
- Bengaluru
Work Type
- Full-time
Experience Level
- 6+ years of relevant tax experience
- Experience of supervising or developing junior tax professionals (desirable)
Education Level
- Professional accounting or tax qualification
- Qualified lawyer
About the Company
- Brevan Howard Investment Management is one of the leading absolute return/hedge fund managers, overseeing assets on behalf of institutional investors from around the world, including pension funds, endowments, insurance companies, government agencies, private banks, and fund of funds.
- Brevan Howard was founded in 2002 and launched its flagship global macro strategy in April 2003.
- The firm currently manages over $35bn and engages predominantly in discretionary directional and relative value trading in fixed income, FX markets, and equities.
- BH Digital, a division within Brevan Howard that manages crypto and digital asset strategies was launched in 2022.
- The firm currently employs over 1,050 personnel worldwide, including over 400 investment professionals.
- This global presence gives Brevan Howard the ability to identify and source attractive investment opportunities, as well as investment management talent wherever they may be.
- Brevan Howard has won several industry awards for excellence in risk management, operational robustness, and investment performance.
