Citi
Mumbai Maharashtra India
The Tax Analyst 1 is a trainee professional role. Requires a good knowledge of the range of processes, procedures and systems to be used in carrying out assigned tasks and a basic understanding of the underlying concepts and principles upon which the job is based. Good understanding of how the team interacts with others in accomplishing the objectives of the area. Makes evaluative judgements based on the analysis of factual information. They are expected to resolve problems by identifying and selecting solutions through the application of acquired technical experience and will be guided by precedents. Must be able to exchange information in a concise and logical way as well as be sensitive to audience diversity. Limited but direct impact on the business through the quality of the tasks/services provided. Impact of the job holder is restricted to own job. 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:
rollout, Systems conversions/rollouts.
Executes the tax information reporting processes to products issued by Citi’s 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
1099, 8966 and CRS reporting
Day-to-Day Responsibilities:
key stakeholders
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, 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.
inquiries from operational areas
Financial/ Budgetary:
No
Individual Contributor (IC)/Managerial
IC
Key Deliverables:
1.FATCA/CRS reconciliation and reporting
2.1042s/1099 reconciliation and reporting
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:
Required
Preferred
Education:
The ideal candidate will have a BCOM/CA/MBA/ Other Finance Masters and 2- 3 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:
Project Management experience preferred
Other:
VBA, Knowledge of Macro’s read and write
Finance
Tax
Full time
Assessment, Credible Challenge, Financial Acumen, Management Reporting, Risk Management.
For complementary skills, please see above and/or contact the recruiter.
Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.
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