Assistant Manager/Manager/Assistant Vice President - FATCA/CRS/Taxation - Banking 2-14 yrs Mumbai jobs in Mumbai at Gi Group Elixir Consulting

FATCA/CRS /US TAX-AM/Manager/AVPWe have an excellent opportunity with one of our banking client at Mumbai location.Job Description :-

Business Group: Tax Information Reporting-

Function/Group: Tax Reporting-

Department: FRSS Role and 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 environmentCore 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 requirements

FATCA and CRS operations -

delivery of KPI & KRI's and Information reporting 1042s,-

1099, 8966 and CRS reportingDay-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 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, 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 legislationsFinancial/ Budgetary: NoIndividual Contributor (IC)/Managerial ICKey Deliverables:

FATCA/CRS reconciliation and reporting-

1042s/1099 reconciliation and reporting-

Project Related deliveryQualifications :Education: Required- The ideal candidate will have a BCOM/CA/MBA/ Other Finance Masters and 2- 6 years of relevant work experience in Tax operations or related discipline

Preferred- MastersExperience: Required- Bank/Financial Institutions knowledge:

products, services, IRS regulations, Tax Operations Certifications: Preferred- CA, CPA or an equivalent Tax qualification preferredSkills: Required :- 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 organizationPreferred :- Project Management experience preferredOther Required :- Strong MS Office skills particularly Excel- Quick learner with excellent communication skills, team orientation, and ability to work with counterparts in different areas of organizationPreferred :- VBA,

Knowledge of Macro's read and write (ref:iimjobs.com)