Tax Analyst (FATCA Reporting)

Overview

Tax Analyst 1 is a trainee role within Citi's centralized Tax Information Reporting function in FRSS, supporting FATCA and CRS reporting and migration of information reporting work into the central hub.

What you'll do

• Act as a tax / information reporting specialist to execute FATCA and CRS advisory and rollout, and systems conversions and rollouts.
• Execute tax information reporting processes for products issued by Citi's businesses and migrate work into the centralized hub.
• Develop "Go To" processes and implement procedures and controls to ensure consistent compliance with information reporting and FATCA requirements.
• Deliver FATCA and CRS operations KPIs and KRIs, and information reporting for 1042s, 1099, 8966 and CRS.
• Support FRSS service delivery and engagement model with client constituency and key stakeholders.
• Identify and participate in process reengineering and redesign to achieve better controls, compliance and efficiency.
• Support audits with the IRS and Internal Audit, and any other special audits, including self-assessment testing, MCA and SOX controls.
• Ensure tight controls over owned processes, including key controls and COB review.
• Review, validate and process W-8 and W-9 tax forms and related documentation according to IRS Chapter 3, Chapter 61, FATCA regulations and CRS.
• Support technology projects from a technical tax perspective.
• Perform reviews of written tax policy and procedures, and research and respond to inquiries from operational areas.
• Handle tax reporting for US and non-US legislations.
• Contribute to departmental adherence to strict regulatory and compliance requirements per IRS and Citi policy.
• Assist in determining and compiling information required to satisfy income tax filing requirements at all levels of jurisdiction.
• Perform other duties and functions as assigned.

What you'll need

• BCOM, CA, MBA or other finance master's degree, or a Bachelor's degree.
• 3+ years of relevant work experience in tax operations or a related discipline.
• Bank or financial institution knowledge of products, services, IRS regulations and tax operations.
• Basic understanding and working knowledge of IRS Forms W-9 and W-8 and information reporting rules, FATCA and CRS.
• Strong MS Office skills, particularly Excel.
• Quick learner with excellent communication skills, team orientation, and ability to work with counterparts in different areas of the organization.
• Ability to act as a change agent for the organization.

Nice to have

• CA, CPA or an equivalent tax qualification.
• Project management experience.
• VBA, with knowledge of macros to read and write.

Details

• Location: Mumbai, Maharashtra, India.
• Full-time role.
• Travel: not required.