CIB Client Onboarding & Documentation Tax Operations - Client Tax Associate

Job Description

Tax Authorities around the world are expanding tax reporting requirements to collect additional tax revenue and to reduce tax evasion. As part of Tax Reporting & Withholding Services, the Tax Reporting Associate position will join our growing team in Bangalore involved with providing solutions and services tied to meeting these demanding and frequently changing tax reporting and withholding compliance events and processes. The core functional process centers around TRWS s Tax Payment Services (TPS) involving large dollar payments to US federal and state tax authorities. Evening shift coverage for the TPS process is necessary to meet US federally regulated depository deadlines. As expertise is gained with Tax Payment Services the Tax Associate will rotate into various seasonal tax reporting support functions involved with US federal and state 1099/1098/1042S tax reporting and FATCA/CRS tax reporting. These rotational assignments will involve afternoon coverage enabling TRWS to utilize a 24 hour support model between US and Bangalore sites. Flexibility between evening shift and afternoon shift will be important and rotations will be assigned well advanced to accommodate the flexibility required. Career progression will be commensurate with competency around the various processes and complexity of activity performed.Roles & Responsibilities
• Manage and execute the receipt/import/reconciliation of reportable tax data files from business sources.
• Understand reporting requirements and file format schemas for assigned Tax Authorities and monitor changes
• Generate, reconcile, and timely submit tax data files to tax authorities for 1099, 945, US State authorities, FATCA and CRS
• Research and engage with business partners to determine reporting requirements, approvals and formats for Legal Entity review, registration and filing
• Execute the preparing of tax data and responses to supplemental tax reporting to approximately 60 foreign country tax authorities
• Identify potential issues with data quality and timely report /remediate these situations
• Perform daily withholding remittance with high level of accuracy
• Maintain procedure documents and help drive control-centric environment
• Actively participate in projects and meetings
• Liaise with cross line of business partners to achieve business result driven improvements/ system enhancements with emphasis on strategic end state and controls
• Promote a strong control culture throughout the team
• Strong client focus and relationship-building skills across lines of business and levels
• Multi-tasking and meeting deadlines in high-pressure environment
• Responsible for decision making about the handling of various types of scenarios critical for the business.
• Focus on performance to meet expected levels in terms of daily quantity and quality standards of work.
• Comply with set guidelines, procedures, rules and regulations; work as a team to achieve SLA s for the process and individual targets,
• Work towards process improvement activities.
Skills Required
• Bachelor s or Master s degree or equivalent experience required
• Overall experience of 8+ years and relevant experience of 2+ years
• Demonstrated ability to develop, manage, coach and motivate teams
• Strong People Management skills with an ability to drive and motivate the team
• The candidate must be a self-starter who is able to work in a fast paced, results driven environment. Knowledge of Investment Bank businesses would be an advantage
• Knowledge of US and non-US Regulations (including 1099/1098/1042S) a plus.
Additional qualifications:
• Strong knowledge of bank control policies and standards
• Effective time management skills
• Controls & Risk management aptitude
• Excellent communication skills(written and verbal in a clear/concise manner)
• Experience in process improvement and process mapping
• Ability to collaborate, partner and work in a team environment
• Demonstrated ability to positively interface with other departments, colleagues and senior management
• Excellent relationship building and stakeholder management skills
• Strong analytical, data management and problem solving skills
• Proficiency with MS Office applications (Word, Excel, Power Point)
• Attention to detail and ability to work independently
• Ability to execute tasks under aggressive targets and effectively manage to changes in plan
• Flexible to work overtime and on holidays
• Proactive approach to client and operational support
• Ability to listen/read and absorb information being shared for future use
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Keyskills :
risk managementclient focussmall businesstaxtax reportingpeople management skillstax returnstax planning