Job Description
About (FRSS- Tax Information Reporting)
Finance and Risk Shared Services (FRSS) is a part of Citi Shared Services (CSS), and is responsible for delivering Financial, Regulatory and Risk Reporting solutions to all of Citi businesses and regions.
As part of its growth strategy, FRSS is actively working with Finance and Risk organizations to deliver transformational solutions through common standards, platforms & processes managed out of its shared services centers.
Role Outline/Job Summary
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.
Job Description
POSITION TITLE:
Asst. Manager
Grade/Level:
C10
BUSINESS GROUP:
Tax Information Reporting
FUNCTION/GROUP:
Tax Reporting
DEPARTMENT:
FRSS
LOCATION:
Mumbai
ROLE & 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:
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, CRS requirements
Day-to-Day Responsibilities:
Support FRSS's 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-+ tax forms and related documentation
according to IRS Chapter 3, chapter 61, and 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.
Financial/ Budgetary:
No
Individual Contributor (IC)/Managerial
IC
Key Deliverables:
1.FATCA/CRS reconciliation and reporting
2.1042s/10++ reconciliation and reporting
3. Analytics and Commentary
4. Project Related delivery
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:
QUALIFICATIONS
Required
Preferred
Education:
The ideal candidate will have a BCOM/CA/MBA/ Other Finance Masters and 3 to 5 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:
Basic Understanding and working knowledge of IRS Forms W-+ and W-8 and information reporting rules, FATCA and CRS.
Ability to act as a change agent for organization.
Project Management experience preferred
Other:
Strong MS Office skills particularly Excel
Quick learner with excellent communication skills, team orientation, and ability to work with counterparts in different areas of organization
VBA, Knowledge of Macro’s read and write
ORGANIZATIONAL RELATIONSHIPS
Reports to
Direct:
AVP
Matrix:
Supervises
Direct:
Matrix:
Partnerships
Internal:
External:
DEVELOPMENT
Career Progression:
SME within Tax Information Reporting
COMPENSATION
Bonus/Incentive Eligible:
ADDITIONAL NOTES, IF ANY
Requisition/ ERMS # _______________________
To know more about Citi, We encourage you to visit our career website @ www.online.citibank.co.in/careers/citi-india.htm
-
Job Family Group:
Finance
-
Job Family:
Tax
-
Time Type:
Full time
-
Citi is an equal opportunity and affirmative action employer.
Qualified applicants will receive consideration without regard to their race, color, religion, sex, ****** orientation, gender identity, national origin, disability, or status as a protected veteran.
Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.
View the "EEO is the Law" poster. View the EEO is the Law Supplement.
View the EEO Policy Statement.
View the Pay Transparency Posting
Finance and Risk Shared Services (FRSS) is a part of Citi Shared Services (CSS), and is responsible for delivering Financial, Regulatory and Risk Reporting solutions to all of Citi businesses and regions.
As part of its growth strategy, FRSS is actively working with Finance and Risk organizations to deliver transformational solutions through common standards, platforms & processes managed out of its shared services centers.
Role Outline/Job Summary
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.
Job Description
POSITION TITLE:
Asst. Manager
Grade/Level:
C10
BUSINESS GROUP:
Tax Information Reporting
FUNCTION/GROUP:
Tax Reporting
DEPARTMENT:
FRSS
LOCATION:
Mumbai
ROLE & 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:
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, CRS requirements
Day-to-Day Responsibilities:
Support FRSS's 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-+ tax forms and related documentation
according to IRS Chapter 3, chapter 61, and 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.
Financial/ Budgetary:
No
Individual Contributor (IC)/Managerial
IC
Key Deliverables:
1.FATCA/CRS reconciliation and reporting
2.1042s/10++ reconciliation and reporting
3. Analytics and Commentary
4. Project Related delivery
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:
QUALIFICATIONS
Required
Preferred
Education:
The ideal candidate will have a BCOM/CA/MBA/ Other Finance Masters and 3 to 5 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:
Basic Understanding and working knowledge of IRS Forms W-+ and W-8 and information reporting rules, FATCA and CRS.
Ability to act as a change agent for organization.
Project Management experience preferred
Other:
Strong MS Office skills particularly Excel
Quick learner with excellent communication skills, team orientation, and ability to work with counterparts in different areas of organization
VBA, Knowledge of Macro’s read and write
ORGANIZATIONAL RELATIONSHIPS
Reports to
Direct:
AVP
Matrix:
Supervises
Direct:
Matrix:
Partnerships
Internal:
External:
DEVELOPMENT
Career Progression:
SME within Tax Information Reporting
COMPENSATION
Bonus/Incentive Eligible:
ADDITIONAL NOTES, IF ANY
Requisition/ ERMS # _______________________
To know more about Citi, We encourage you to visit our career website @ www.online.citibank.co.in/careers/citi-india.htm
-
Job Family Group:
Finance
-
Job Family:
Tax
-
Time Type:
Full time
-
Citi is an equal opportunity and affirmative action employer.
Qualified applicants will receive consideration without regard to their race, color, religion, sex, ****** orientation, gender identity, national origin, disability, or status as a protected veteran.
Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.
View the "EEO is the Law" poster. View the EEO is the Law Supplement.
View the EEO Policy Statement.
View the Pay Transparency Posting
💡 Quick Summary
Seeking a career-building opportunity? The Tax Analyst 2 position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai 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.
