Job Information
Citigroup Tax Information Reporting - Assistant Manager in Mumbai, India
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-9 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.
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-9 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/1099 reconciliation and reporting
Analytics and Commentary
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-9 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
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, sexual 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 (https://www.citigroup.com/citi/accessibility/application-accessibility.htm) .
View the "EEO is the Law (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) " poster. View the EEO is the Law Supplement (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf) .
View the EEO Policy Statement (http://citi.com/citi/diversity/assets/pdf/eeo_aa_policy.pdf) .
View the Pay Transparency Posting (https://www.dol.gov/sites/dolgov/files/ofccp/pdf/pay-transp_%20English_formattedESQA508c.pdf)
Citi is an equal opportunity and affirmative action employer.
Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.
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