Assistant Manager/Manager - Tax Reporting - FATCA/CRS - Investment Bank

Job Description:

Responsible for in-scope processes within the centralized Tax Information Reporting function in Financial risk Operation

This position supports the reduction/elimination and regulatory risk through accurate and timely reporting and enhanced due diligence on customer accounts

The incumbent is expected to migrate information reporting work from various sub-units within the Business Line into FRO; this process includes training and job shadowing, building documentation such as procedures and process flows, and identifies gaps in the process based on IRS regulations

In addition, the incumbent will support a specific business vertical and is expected to develop and enhance their product knowledge within a short time frame

This position will work in a team-oriented environment

Act as a tax/information reporting specialist to execute the FATCA advisory/rollout, Systems conversions/roll outs

Executes the tax information reporting processes to products

Develop "Go To" processes and implement appropriate procedures/controls to ensure consistent compliance with Information Reporting and FATCA requirements

Support FRO's Service Delivery/Engagement model with client constituency and other key stakeholders

Identify and participate in process re engineeringand redesign to achieve better controls, compliance and efficiency

Ensure tight controls over owned processes to include key controls

Review, validate and process W-8 and W-9 tax forms and related documentation according to IRS Chapter 3, chapter 61, Section 3406 and FATCA regulations

Contribute towards departmental requirement to adhere to strict regulatory and Compliance requirements, per IRS

Perform reviews of written tax policy and procedures, research and respond to inquiries from operational areas

Handle Tax reporting for US and Non US legislation

Key Deliverables:

FATCA/CRS reconciliation and reporting

1042s/1099 reconciliation and reporting

Skills:

Basic Understanding and working knowledge of IRS Forms W-9 and W-8 and information reporting rules, FATCA and CRS

Ability to act as a change agent for organization

Project Management experience preferred

Strong MS Office skills particularly Excel

Quick learner with excellent communication skills, team orientation, and ability to work with counterparts in different areas of organization

VBA, Knowledge of Macro's read and write