Tax Intermediate Analyst

Whether you’re at the start of your career or looking to discover your next adventure, your story begins here. At Citi, you’ll have the opportunity to expand your skills and make a difference at one of the world’s most global banks. We’re fully committed to supporting your growth and development from the start with extensive on-the-job training and exposure to senior leaders, as well as more traditional learning. You’ll also have the chance to give back and make a positive impact where we live and work through volunteerism. Shape your Career with Citi We’re currently looking for a high caliber professional to join our team as Officer, Tax Intermediate Analyst Hybrid (Internal Job Title: Tax Intermediate Analyst – C11) based in Mumbai, India. Being part of our team means that we’ll provide you with the resources to meet your unique needs, empower you to make healthy decision and manage your financial well-being to help plan for your future. For instance: * Citi provides programs and services for your physical and mental well-being including access to telehealth options, health advocates, confidential counseling and more. Coverage varies by country. * Citi provides access to an array of learning and development resources to help broaden and deepen your skills and knowledge as your career progresses. * We have a variety of programs that help employees balance their work and life. The Tax Intermediate Analyst is a developing professional role. Deals with most problems independently and has some latitude to solve complex problems. Integrates in-depth specialty area knowledge with a solid understanding of industry standards and practices. Good understanding of how the team and area integrate with others in accomplishing the objectives of the subfunction/ job family. Applies analytical thinking and knowledge of data analysis tools and methodologies. Requires attention to detail when making judgments and recommendations based on the analysis of factual information. Typically deals with variable issues with potentially broader business impact. Applies professional judgment when interpreting data and results. Breaks down information in a systematic and communicable manner. Developed communication and diplomacy skills are required in order to exchange potentially complex/sensitive information. Moderate but direct impact through close contact with the businesses' core activities. Quality and timeliness of service provided will affect the effectiveness of own team and other closely related teams. 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 into Tax Information Reporting; 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 teams product knowledge. This is an Operations role within the tax information reporting and managing various processes covering IRS Reporting processes such as 1042, 1042s & 1099 and is expected to manage the Service delivery of the businesses. In this role, you’re expected to: * Work on EMEA shift. * Responsible for the overall management of the tax liabilities, of Citi, both directly and in connection with transactions with clients, including the related compliance, financial reporting, planning and controversy processes. * Contributes to the planning, accounting, filing and the reporting of tax liability of the company. * Assists in determining and compiling information required to satisfy income tax filing and related requirements at all levels of jurisdiction. * May participate in managing payments to tax authorities in compliance with specific tax regulations. * Identifies and resolves problems using autonomous judgment. * Implements work flow or process change and redesign, and uses a thorough knowledge of the specific function. * Accountable for regular reporting or process administration as "owner". * Primary focus is on execution within defined parameters. * Assists in the management of one or more processes, reports, procedures or products. * Directs day-to-day work of junior level employees. * Has the ability to operate with a limited level of direct supervision. * Can exercise independence of judgement and autonomy. * Acts as SME to senior stakeholders and /or other team members. Core Responsibilities: * IRS Reporting requirements * Review and coordinate queries received from Clients * Enhance Tax Information Reporting capabilities in Mumbai in partnership with the Custody business * 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 IRS Reporting advisory/rollout, Systems conversions/rollouts. * Executes the tax information reporting processes to products issued by Citi’s business * Develop "Go To" processes and implement appropriate procedures/ controls to Ensure consistent compliance with Information Reporting requirements * Ensure adherence to KPI’s and KRI’s for the team * Support the process improvements / reengineering initiatives. Day-to-Day Responsibilities: * Act as a Tax information Reporting specialist managing IRS Reporting for APAC Custody business * Ensure annual completion of the 1042-s & 1099 Regulatory Reporting, adhering to deadlines for Recipient and IRS filings. * Responsible for Income reconciliations across all APAC Custody branches supported dealing with multiple agents, including reclassification process. * Contact for US IRS Reporting queries and escalating to senior management when required * Liaising with internal and external parties, including Clients and Client Executives to assist and resolve issues. * Provide support with IRS (KPMG) and Internal Audits (IA), including QI periodic reviews for the QI’s supported * Build and maintain relationships with internal and external parties, such as asset-servicing, local country management and agents. * Keep up to date with regulatory changes, updating and maintaining operational procedures relating to Tax Information reporting * Develop best practices and implement appropriate controls to ensure consistent compliance with Information Reporting requirements * Identify and participate in process re-engineering and re-design activities to achieve better controls, compliance, and efficiencies * Contribute towards departmental requirement to adhere to strict regulatory and compliance requirements per tax authority and Citi policy * Support Technology projects from a technical tax perspective * Perform reviews of written tax policy and procedures, research and respond to inquiries from operational areas * Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency. As a successful candidate, you’d ideally have the following skills and exposure: * Bachelor's degree/University degree or equivalent experience * minimum of 2-5 years relevant experience specific to IRS Reporting * IRS Reporting knowledge and hands on experience such as 1042, 1042s & 1099 is required for this role. * FATCA & CRS experience is a plus Take the next step in your career, apply for this role at Citi today https://jobs.citi.com/dei This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required. #hybrid #LI-AR1 \------------------------------------------------------ ## 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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