Tax Attorney Executive Director

BBVA•Houston, TX

4d•$165,000 - $190,000

About The Position

Overview BBVA (www.bbva.com) is a customer-centric global financial services group founded in 1857 with an important investment, transactional, and capital markets banking business in the U.S. The BBVA Group maintains a strong leadership position in the Spanish market, the largest financial institution in Mexico, and leading franchises in South America. It is also the leading shareholder in Turkey’s Garanti BBVA. BBVA’s Corporate & Investment Banking (CIB) business in the U.S. includes a New York-based broker-dealer and a U.S. branch of our parent company, BBVA, S.A. (Spain), through which we conduct Global Markets, Global Transactional Banking, and Investment Banking & Finance activities for U.S. and international corporate clients and institutional investors. As Tax Counsel – Executive Director (Tax Attorney) for the CIB business, you will be responsible for overseeing all U.S. tax-related activities and strategies, working in close coordination with colleagues based in New York, Madrid, and across BBVA’s global footprint. The successful candidate will perform tax research, review financial transactions, respond to tax-related inquiries from the business and corporate units, present updates to senior management, and provide tax counsel, working together with other colleagues at the tax department and various internal and external stakeholders, to ensure compliance with U.S. tax law, adequate risk control, and effective tax planning.

Requirements

A JD from a top-tier law school.
8-10 years of relevant tax experience at a leading law firm or as in-house counsel at a financial institution / broker-dealer
Strong expertise in U.S. federal and state tax laws, with demonstrated experience in international tax, financial instruments, trading and derivatives taxation rules.
Solid understanding of standard CIB agreements, with experience drafting and negotiating tax provisions in financial contracts.
Experience with advising on or implementing US tax information reporting and withholding obligations

Nice To Haves

Excellent analytical and problem-solving capabilities, with a demonstrated ability to interpret complex tax regulations.
Strong communication and interpersonal skills to effectively convey tax concepts to non-tax professionals.
Self-motivated and able to work independently while maintaining sound judgment and knowing when to escalate issues.
Collaborative team player with high integrity and a strong work ethic.
Demonstrated ability to follow through on commitments in a timely and effective manner.

Responsibilities

Answer tax related questions and provide day-to-day tax advisory support to CIB business units, both in the New York office and globally (including teams in Europe, Asia, and Latin America).
Review and negotiate tax provisions in credit facilities, ISDA Master Agreements (including 871(m) implications), CSAs, GMSLAs, GMRAs, and other relevant banking documentation.
Evaluate the tax implications of CIB products and business initiatives, particularly in the Global Markets and Broker Dealer fields, including but not limited to: fixed income products (bonds, notes, repos), equity , derivatives (options, futures, swaps), structured products, securitization and cross-border financial instruments, to ensure compliance with U.S. federal, state, and local tax laws and regulations.
Help in managing all aspects of the Withholding and Investment Tax Reporting process, including supporting the preparation process for Forms 1099 and 1042-S payee statements, as well as Form 1042 Annual Withholding Tax Return for U.S. Source Income of Foreign Persons, assist with FATCA compliance, respond to requests regarding Forms W-9 and W-8 as applicable, etc.
Assistance in trade finance / supply chain finance and other global transactional business initiatives
Participate in internal and external working groups on tax matters impacting BBVA’s CIB operations and represent BBVA in industry advocacy groups related to CIB tax issues.
Monitor changes in tax laws, regulations, rulings, and procedures to assess their impact and identify opportunities for the business.
Coordinate with external tax counsel, accounting firms, and internal stakeholders to ensure effective tax planning, compliance, and risk control.
Support in IRS audits and other regulatory inquiries.
Contribute to the development and implementation of internal controls and processes to ensure accurate and timely tax reporting and effective risk mitigation.
Assist in developing, updating and maintaining Policies & Procedures manuals for the CIB business and ensure adherence to established protocols.
Assist in the preparation or review of tax filings related to the CIB business and maintain appropriate regulatory tax reporting policies and procedures.