• Tax Information Reporting - Assistant Manager Jobs in Mumbai,India - 25672478

  • Citibank India
  • Save Job
  • 0 - 3 Years
  • Posted : above 1 month

Job Description:

Career Opportunity Tax Information Reporting - Assistant Manager - C9 Locations Mumbai, Maharashtra Job Function Finance Employee Status Regular Job ID 19139703 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 Citis 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 Citis 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 requirements
FATCA and CRS operations delivery of KPI & KRIs and Information reporting 1042s, 1099, 8966 and CRS reporting

Day-to-Day Responsibilities

Support FRSS 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 Citis 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, 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

Profile Summary:

Employment Type : Full Time
Eligibility : Any Graduate
Industry : Banking
Functional Area : Accounting/Tax/Company Secretary/Audit
Role : Cost Accounting/ ICWA
Salary : As per Industry Standards
Deadline : 15th Jul 2020

Key Skills:

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