Citi Group Tax Information Withholding Reporting Specialist Global Wealth 

Switzerland, Zurich, Zurich 

512665875

By Joining Citi, you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.

The Tax Information Withholding and Reporting Specialist is a seasoned professional role. Applies in-depth disciplinary knowledge, contributing to the development of new techniques and the improvement of processes and work-flow for the area or function. Integrates subject matter and industry expertise within a defined area. Requires in-depth understanding of how areas collectively integrate within the sub-function as well as coordinate and contribute to the objectives of the function and overall business. Evaluates moderately complex and variable issues with substantial potential impact, where development of an approach/taking of an action involves weighing various alternatives and balancing potentially conflicting situations using multiple sources of information. Requires good analytical skills in order to filter, prioritize and validate potentially complex and dynamic material from multiple sources. Strong communication and diplomacy skills are required. Regularly assumes informal/formal leadership role within teams. Involved in coaching and training of new recruits Significant impact in terms of project size, geography, etc. by influencing decisions through advice, counsel and/or facilitating services to others in area of specialization. Work and performance of all teams in the area are directly affected by the performance of the individual.
What you’ll do

• 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.
• Resolves complex problems or transactions, where expertise is required to interpret policies, guidelines or processes.
• Manages one or more processes, reports, procedures or products, and considered analytical or procedural "expert" representing a unit or team on cross-function process or project deliverables.
• Directs day-to-day work of junior level employees.
• Perform other duties and functions as assigned
• 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.
• Daily L2 review of FATCA, US 1042s and BDI (Bank DepositInterest)Transactions
• Communication to Banker for affidavits impacting FATCA WHT on BDI
• Corrections/Refunds resulting as a result of reviews done
• Checklist – Performs review of accounts part of checklist and perform corrections/refunds as a result of the checklist review
• Prepare booking instructions to Poland team for any corrections/refunds related toBAU/remediation/income reclassification
• Maintain Correction tracker and proper audit trail
• Weekly IRS Payments L1 review & preparation EBS vs OS L2 review
• Section 302 and 305c process for withholding
• General Ledger Proofing monthly and daily review of any open break assigned to the GL's owned by Tax Operations team.
• Responsible for end to end US 1042s and 1042 reporting.
• Act as a coordinator for Internal and external audits/Periodic reviews.

What we’ll need from you:

• Relevant experience in a similar role.
• Has the ability to operate with a limited level of direct supervision.
• Can exercise independence of judgement and autonomy.
• Expertise in reconciliations
• US taxes withholding and reporting knowledge

Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities.

Servicing the 6 EMEA legal vehicles, as part of tax withholding and reporting processes, the AVP will be required to perform US 1042s/FATCA and 1042 withholding reviews/reporting, in compliance with IRS and local country regulations and guidelines. The process requires a strong attention to detail as there are several steps in the chain, daily review of transactions for US 1042s and FATCA withholding and associated processes for eg: Corporate actions/Bank deposit interest etc.

In addition strong knowledge of general ledger proofing, strong excel knowledge to perform complex reconciliation of income with upstream custodian, performing withholding corrections. The AVP should have strong knowledge on how QI/NQI's operate and what kind of US tax forms are to be provided to upstream. Basic knowledge on products is beneficial.

US 1042s and reporting is required on a year basis and the AVP will be required to assist in this process using the knowledge of how client US Tax status determines US tax withholding and reporting.

The role will also require strong communication skills as relationships will be built with various operational units along with business, technology and banking teams. Direct banker contact is common, and strength of character is required to deal with a host of queries and requests for timely resolution to account opening issues.

To ensure our continued evolution and growth as a unit, the AVP will be required to provide input on improvements and play their part in the technology testing and implementation of new and improved products and applications that enable us to improve the client service output.

Time Type:

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