Officer Tax Information Analyst

Citi · Banking & Financial Services

Mumbai Maharashtra India
On-site
Posted yesterday
Apply by 9 Oct
Finance & Accounting

About the job

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 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

FATCA and CRS operations – delivery of KPI & KRI’s and Information reporting 1042s, 1099, 8966 and CRS reporting

Day-to-Day Responsibilities:

Support FRSS 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, 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.

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Job Family Group:

Finance ------------------------------------------------------

Job Family:

Tax ------------------------------------------------------

Time Type:

Full time ------------------------------------------------------

Most Relevant Skills

Assessment, Credible Challenge, Financial Acumen, Management Reporting, Risk Management. ------------------------------------------------------

Other Relevant Skills

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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