Tax Senior Analyst - AVP

Discover your future at Citi

Working at Citi is far more than just a job. A career with us means joining a team of more than 230,000 dedicated people from around the globe. At Citi, you’ll have the opportunity to grow your career, give back to your community and make a real impact.

Job Overview

The Tax Information Reporting (TIR) team is responsible for managing end-to-end client tax activities, which include:

• Validation of client tax certifications.
• Withholding processes.
• Information reporting under Internal Revenue Service (IRS), Foreign Account Tax Compliance Act (FATCA), and Common Reporting Standard (CRS) regimes.
• Citi-wide tax governance.
• US non-income tax activities, such as sales & use tax and personal property tax.

This Tax Sr. Analyst (C12) position operates with low oversight, requiring a high degree of independence and initiative. The candidate will be responsible for Tax Information reporting which includes US as well as other legislations in scope, the position will be responsible for supporting various Citi businesses across geographies.

Responsible for in-scope processes related to multiple Citi lines of business within the centralized Tax Information Reporting function. This position supports compliance with the 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 to Tax Information Reporting (Mumbai); 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 provide tax technical guidance to the team and develop and enhance the team’s product knowledge. This role within the tax information reporting will help managing various processes covering Tax Withholding reversal, B&C notice removal, 1099 reporting tax Corrections across businesses and is expected to manage the Service delivery of the businesses. In additional also be active participant in recurring tax governance forums with seniors.

Core Responsibilities:

• Manage the Tax information reporting operations.
• Enhance Tax Information Reporting capabilities in Mumbai in partnership with the Lead
• 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 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
• Ensure adherence to KPI’s and KRI’s for the team
• Support the process improvements / reengineering initiatives.

Day-to-Day Responsibilities:

• Support Service Delivery / Engagement model with client constituency and other key stakeholders
• Problem Solving: Resolve basic, moderately, and complex problems based on practice and precedence, assessing the applicability of similar experiences and evaluating options for situations not covered by established procedures.
• Team Collaboration & Leadership: Work effectively in a team-oriented environment, demonstrating strong leadership qualities to drive initiatives and foster common processes and controls within the team.
• Tax Liability Management: Be responsible for the overall management of Citi's tax liabilities, both directly and in connection with transactions with clients, including related compliance, financial reporting, planning processes.
• 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, audits with IRS Or Citi's IA.
• 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 and FATCA regulations
• Support Technology projects from a technical tax perspective
• Contribute towards departmental requirement to adhere to strict regulatory and Compliance requirements (e.g., Risk & Control, Risk Management, Risk Mitigation, Audit prepared), per IRS and Citi policy. This has a direct impact on the business by ensuring the quality of services provided.
• 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.
• Policy Application: Use conceptual and practical grounding in applying policies to the business.
• Ad-hoc Duties: Perform other duties and functions as assigned.

Qualifications:

• 5-8+ years of relevant experience

Education:

• Bachelors degree

Qualifications:

• 5 to 8 years experience in U.S. FATCA (withholding forms W-8, W-9)
• Preferably with experience in OECD CRS