Job Description
About the team: IPB Tax team reconciles the banking system with the tax system for producing UK/Indonesia/France Tax Reporting and does US Tax With-holding for non-resident alien clients having US source income. The team also ensure US reports 1042/10++ are issued timely and accurately. Minimum ExperienceWhat kind of experience level is required for this role Also mention if any kind of organization you prefer to be hired from.
• Knowledge of securities, trade settlement
• Understanding US Tax jurisdiction (1042/10++ reporting, FATCA/NRA)
• Knowledge of corporate actions, security transfers would be preferred.
• Candidate with some understanding of tax & gain/loss reporting are preferred
• 7-8 years of relevant work experience
Detailed Responsibilities
• Reconciling the banking/accouting system with the tax system for client and Tax Authority for multiple jurusdictions like as US, UK, German, Indonesia, FATCA, CRS, etc.
• Reviewing transaction feed across product/security types and tax withholding review and remittance to tax authority for various markets like Belgium,US, German, Sweden etc.
• Liaising with various upstream operations team like Asset Servicing, middle office trade Support and Derivatives, Securities transfers, Hedge Funds etc. for transaction corrections etc.
• Liaising with Tax Tech, Tax Projects and Business for system enhancement and support tax reporting for new products
• Maintain high standards and follow all process controls with no lapses.Pre empt process gaps and implement controls
• Handle issues independently and escalate to management if required
• Interact with different stakeholder to resolve process issues and play key role in adding process controls
• Suggest process enhancements, possible automations for better controls, perform periodic risk and controls analysis with the team for process risk valuation
• Ensuring connect with the team including periodic check in and performance discussions.
Technical Skills What kind of technical skills you want the individual to have Also mention the proficiency level (1 being novice, 2 being skilled, 3 being expert).
• Financial securities - 2
• Tax - 2
• MS Excel 2
• Communication Spoken & Written 3
• Knowledge of securities, trade settlement
• Understanding US Tax jurisdiction (1042/10++ reporting, FATCA/NRA)
• Knowledge of corporate actions, security transfers would be preferred.
• Candidate with some understanding of tax & gain/loss reporting are preferred
• 7-8 years of relevant work experience
Detailed Responsibilities
• Reconciling the banking/accouting system with the tax system for client and Tax Authority for multiple jurusdictions like as US, UK, German, Indonesia, FATCA, CRS, etc.
• Reviewing transaction feed across product/security types and tax withholding review and remittance to tax authority for various markets like Belgium,US, German, Sweden etc.
• Liaising with various upstream operations team like Asset Servicing, middle office trade Support and Derivatives, Securities transfers, Hedge Funds etc. for transaction corrections etc.
• Liaising with Tax Tech, Tax Projects and Business for system enhancement and support tax reporting for new products
• Maintain high standards and follow all process controls with no lapses.Pre empt process gaps and implement controls
• Handle issues independently and escalate to management if required
• Interact with different stakeholder to resolve process issues and play key role in adding process controls
• Suggest process enhancements, possible automations for better controls, perform periodic risk and controls analysis with the team for process risk valuation
• Ensuring connect with the team including periodic check in and performance discussions.
Technical Skills What kind of technical skills you want the individual to have Also mention the proficiency level (1 being novice, 2 being skilled, 3 being expert).
• Financial securities - 2
• Tax - 2
• MS Excel 2
• Communication Spoken & Written 3
💡 Quick Summary
Seeking a career-building opportunity? The Apply Candidates for Investment Private Banking | Tax Operations position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai, Maharashtra offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
