Citi Group Tax Information Reporting Officer Mumbai 

Malaysia, Penang, George Town 

898885226

Responsibilities:

• 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.
• 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.

Qualifications:

• 2-5 years relevant experience

Education:

• Bachelors degree

Core Responsibilities:

• Act as a Tax information Reporting specialist managing IRS Reporting for Custody business
• Ensure annual completion of the 1042-s & 1099 Regulatory Reporting for Custody, adhering to deadlines for Recipient and IRS filings.
• Responsible for Income reconciliations across all Custody branches dealing with multiple agents, including reclassification process
• Point of 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.
• Develop best practices and implement appropriate controls to ensure consistent compliance with Information Reporting requirements

Day-to-Day Responsibilities:

• Support TIR Service Delivery / Engagement model with client constituency and otherkey stakeholders
• Identify and participate in process reengineering & redesign to achieve better controls,compliance and efficiency
• Participate in self-assessment testing, MCA, SOX controls
• 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 documentationaccording to IRS Chapter 3, chapter 61, FATCA regulations besides CRS.
• Support Technology projects from a technical tax perspective
• Contribute towards departmental requirement to adhere to strict regulatory andCompliance 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.

Time Type:

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