Title: Markets Tax Operations Analyst
Division:Markets
Officer Title:Officer
C-Grade:C11
Legal Entity: Citigroup Global Markets Europe AG (“CGME”)
The Markets Tax Operations team works closely with Citi’s internal stakeholders and external vendors in order to interpret, adapt and implement German Tax requirements for CGME’s tax compliance setup.
In the role as a Markets Tax Operations Analyst, you will be part of the Markets Operations Team in Germany located in Frankfurt. Main tasks are to execute the Business As Usual (BAU) lifecycles and supporting internal and external initiatives/ projects.
Role description:
This position ensures end-to-end governance of Market Operations Tax readiness.
As a Markets Tax Operations Analyst you will:
- Monitor the Service Delivery for Markets Operations within CGME
- Ensure stable processing of all tax relevant topics for CGME markets business
- Execute BAU related processes:
- Ensure correct client tax code set up within the client on-boarding process
- Static Data maintenance and reconciliation
- Reconciliation of Tax related cash bookings
- Support of German WHT and 871m related payments for CGME related Warrants business and processing of reporting incl. issuance of German Tax Vouchers
- Supporting regular tax reporting (e.g., 1042s, CRS/FATCA, Steueroasenabwehrgesetz, Abzugsteuerentlastungsmodernisierungsgesetz)
- Liaise with internal and external stakeholders:
- Ensures the quality and service of tax related function, escalate issues and bring appropriate closure.
- Troubleshoot to resolve systemic issues for clients in connection with German tax treatment.
- Support and strengthen Client needs in an efficient, effective and professional manner and handle exceptional requests.
- Detect and lead initiatives to improve the level of automation within the team
- Support the client outreach for documentation renewals
- Apply a good understanding of procedures and concepts across the bank owned processes to ensure appropriate steps and controls are being taken
- support the Manager with internal and external requests (e.g., internal/ external audits)
Development Value:
- This role allows strong interaction and connection with multiple internal and external Service Providers within Functions and Business within a global organisation
- Work in a large and complex organization with a demanding customer base and in a demanding and changing business environment
- It will provide a deep understanding of Market Products and the related regulatory demands
- Frequent exchange with other Internal teams which gives you the opportunity to increase your own network
- Be a part of the digital transition of Citi by taking ownership and driving initiatives to increase the workflow automation by adapting Citi internal standards and tools
- You will be encouraged to think beyond existing borders and to position yourself as a reliable partner for internal and external stakeholder
Qualifications:
- BS/BA degree or equivalent combination of education/experience
- Experience of managing within a highly regulated environment
- Knowledge of banking Front-to-End Operation processes
Experience/Knowledge:
- 3-5 years banking Operations experience
- Experience in Markets Products
- Knowledge of the current German tax regulation impacting the broker-dealer business (i.e., Abzugsteuerentlastungsmodernisierungsgesetz, Steueroasenabwehrgesetz, Investmentsteuer- and Einkommensteuergesetz)
Skills:
- Ability to effectively work to tight deadlines
- Ability to coordinate multiple tasks at the same time
- Fluent in written and spoken English and German
- Very good Communication skills
- Support discussions with multiple stakeholder and different thinking
- Negotiation skills
- Knowledge of front-to-back bank processes
- Experienced in creating new and reviewing existing workflows and associated procedures
- Project experienced, as part of a project team or as project manager
Soft skills:
- Goal-oriented and have a desire for new challenges
- Collaboratively engaging with your colleagues
- Self-starting person who understands to follow through
- Team player with strong interpersonal and communication skills respecting your colleagues
- Flexible and able to react quickly to changing priorities and timelines
- Service orientated, professional, pro-active and client focused
- responsible for taking ownership of issues
Operations - Transaction ServicesSecurities and Derivatives Processing
Time Type:
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