Assistant Vice President - Tax Reporting - BFS

Job Summary :

The candidate will be responsible for Tax Information reporting which includes US as well as other legislation in scope, the position will be responsible for supporting various businesses across geographies.

Core Responsibilities :

- Manage the tax information reporting operations.

- Enhance Tax Information Reporting capabilities in Mumbai in partnership with the GPL / RPL

- Ensure strong controls are put in place from and Operations and Audit perspective, ensure satisfactory results for any process reviews done internally or by the Stakeholders. Self-identification of the risks (if any) and remedial and preventive plan.

- Act as a tax / information reporting specialist to execute the FATCA advisory/rollout, Systems conversions/rollouts.

- Executes the tax information reporting processes to products issued by the business

- Migration of work into our centralized hub

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

- Ensure adherence to KPI's and KRI's for the team

- Support the process improvements / re-engineering initiatives.

Day to day Responsibilities :

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

- Identify and participate in process re-engineering & redesign to achieve better controls, compliance and efficiency

- Support audits with IRS and Internal Audit (IA), and any other special audits.

- Participate in self-assessment testing, MCA, SOX controls as well as any audits with IRS.

- Ensure tight controls over owned processes to include key controls and Continuity Of Business

- Manager Review, validation process of W-8 and W-9 tax forms and related Documentation according to IRS Chapter 3, chapter 61, Section 3406 and FATCA regulations

- Support Technology projects from a technical tax perspective

- Contribute towards departmental requirement to adhere to strict regulatory and Compliance requirements, per IRS and Company policy.

- 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.

1. Service Delivery and stakeholder management.

2. FATCA/CRS reconciliation and reporting

3. 1042s/1099 reconciliation and reporting

4. Analytics and Commentary

5. Project Related delivery

Required Skills :

The ideal candidate will have a BCOM/CA/MBA/ Other Finance Masters and 8+ years work experience and relevant experience of 3+years in Tax information reporting - (US FATCA / CRS) and regulatory reporting or related discipline.

- 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.

- 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 Bank/Financial Institutions knowledge: products, services, IRS regulations, Tax Operations