5 days old

Tax Information Reporting - Assistant Manager

Citigroup
Mumbai
  • Jobs Rated
    129th
Responsible for in-scope processes related to one or multiple Citi lines of business within the centralized Tax Information Reporting function in FRSS. This position supports the reduction/elimination of Citi's franchise & 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 FRSS; 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 timeframe.


This position will work in a team-oriented environment.


Core Responsibilities:

Act as a tax / information reporting specialist to execute the FATCA, CRS advisory/

rollout, Systems conversions/rollouts.

Executes the tax information reporting processes to products issued by Citis 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, CRS requirements


Day-to-Day Responsibilities:

Support FRSS's Service Delivery / Engagement model with client constituency and other

key stakeholders

Identify and participate in process reengineering & 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

Or Citi's IA.

Ensure tight controls over owned processes to include key controls and COB

Review, validate and process W-8 and W-9 tax forms and related documentation

according to IRS Chapter 3, chapter 61, and FATCA regulations besides CRS.

Support Technology projects from a technical tax perspective

Contribute towards departmental requirement to adhere to strict regulatory and

Compliance requirements, per IRS and Citi 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 legislations.


**ROLE & RESPONSIBILITIES**


_Business/ Department_


_Objectives:_


Responsible for in-scope processes related to one or multiple Citi lines of business within the centralized Tax Information Reporting function in FRSS. This position supports the reduction/elimination of Citi's franchise & 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 FRSS; 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 timeframe.


This position will work in a team-oriented environment.


_Core Responsibilities:_


+ Act as a tax / information reporting specialist to execute the FATCA, CRS advisory/


rollout, Systems conversions/rollouts.


+ Executes the tax information reporting processes to products issued by Citis 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, CRS requirements


_Day-to-Day Responsibilities:_


+ Support FRSS's Service Delivery / Engagement model with client constituency and other


key stakeholders


+ Identify and participate in process reengineering & 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


Or Citi's IA.


+ Ensure tight controls over owned processes to include key controls and COB


+ Review, validate and process W-8 and W-9 tax forms and related documentation


according to IRS Chapter 3, chapter 61, and FATCA regulations besides CRS.


+ Support Technology projects from a technical tax perspective


+ Contribute towards departmental requirement to adhere to strict regulatory and


Compliance requirements, per IRS and Citi 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 legislations.**


_Financial/ Budgetary:_


_No_


_Individual Contributor (IC)/Managerial_


_IC_


_Key Deliverables:_


1.FATCA/CRS reconciliation and reporting


2.1042s/1099 reconciliation and reporting


3. Analytics and Commentary


4. Project Related delivery


_Percentage of Travel:_


No Yes, 10% of the Time Yes, 25% of the Time


Yes, 50% of the Time Yes, 75% of the Time Yes, 100% of the Time


_Relocation:_


_No_


_Other:_


**QUALIFICATIONS**


Required


Preferred


_Education:_


The ideal candidate will have a BCOM/CA/MBA/ Other Finance Masters and 3 to 5 years relevant work experience in Tax operations or related discipline


Masters


_Experience:_


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


_Certifications:_


NA


CA, CPA or an equivalent Tax qualification preferred


_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


_Other:_


+ 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 Macros read and write


-------------------------------------------------


**Job Family Group:**


Finance

-------------------------------------------------


**Job Family:**


Tax

------------------------------------------------------


**Time Type:**


Full time

------------------------------------------------------


Citi is an equal opportunity and affirmative action employer.


Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.


Citigroup Inc. and its subsidiaries ("Citi) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review **Accessibility at Citi (https://www.citigroup.com/citi/accessibility/application-accessibility.htm)** .


View the "EEO is the Law (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) " poster. View the EEO is the Law Supplement (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/OFCCP\_EEO\_Supplement\_Final\_JRF\_QA\_508c.pdf) .


View the EEO Policy Statement (http://citi.com/citi/diversity/assets/pdf/eeo\_aa\_policy.pdf) .


View the Pay Transparency Posting (https://www.dol.gov/sites/dolgov/files/ofccp/pdf/pay-transp\_%20English\_formattedESQA508c.pdf)
Citi is an equal opportunity and affirmative action employer.
Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.

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Jobs Rated Reports for Tax Preparer

Posted: 2022-05-13 Expires: 2022-06-12

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Tax Information Reporting - Assistant Manager

Citigroup
Mumbai

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Tax Preparer
129th2019 - Tax Preparer
Overall Rating: 129/199
Median Salary: $39,390

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