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Job Overview: Custody Tax Information Reporting. As a bank with a brain and a soul, Citi creates economic value that is systemically responsible and in our clients’ best interests. As a financial institution that touches every region of the world and every sector that shapes your daily life, our Operations teams are charged with a mission that rivals any large tech company. Our technology solutions are the foundations of everything we do. We keep the bank safe and provide the technical tools our workers need to be successful. We design our digital architecture and ensure our platforms provide a first-class customer experience. Our operations teams manage risk, resources, and program management. We focus on enterprise resiliency and business conti‐nuity. We develop, coordinate, and execute strategic operational plans. Essentially, Operations reengineers client and partner processes to deliver excellence through secure, reliable, and controlled services. Our strategic priorities, which include enhancing our safety and soundness standards, elevating both leadership and manager capabilities, as well as designing innovative solutions to eliminate pain points, enable us to continually raise the bar. We are implementing cutting edge digital tools, exploring dynamic reporting capabilities and self-service platforms, and adopting forward compatible behaviors, all while modeling a customer-centric mindset. We are long-standing champions of diversity, which is consistently reflected in our decisions and actions. Our employees value meritocracy, demonstrate passion for growth and development, and model dignity and respect for all. Our commitment to diversity includes a workforce that represents the clients we serve globally from all walks of life, backgrounds, and origins. We foster an environment where the best people want to work. We value and demand respect for others, promote individuals based on merit, and ensure opportunities for personal development are widely available to all. Ideal candidates are innovators with well rounded backgrounds who bring their authentic selves to work and complement our culture of delivering results with pride. If you are a problem solver who seeks passion in your work, come join us. We’ll enable growth and progress together.
Job Responsibility:
Execute functions from the Tax Information Reporting process including but not limited to, preparation and filing of information reporting forms, keeping files up to date with the newest IRS regulations
Research and respond to client inquiries
Act as a tax reporting specialist (and potentially team lead) to execute operational and project initiatives
Act as an internally and externally recognized subject matter expert
Develop best practices and implement appropriate procedures and controls to ensure consistent compliance with tax reporting requirements for FATCA, and/or CRS requirements
Support Custody Service Delivery model with all stakeholders
Support audits by tax authorities and Internal Audit
Contribute towards departmental requirement to adhere to strict regulatory and compliance requirements per tax authority and Citi policy
Reviews and update written tax policies and procedures, research and respond to inquiries from operational areas
Staying abreast with the newest IRS regulations in the tax information reporting field
Requirements:
Bachelors (BA) required
2-3 years' experience
Basic understanding of U.S. tax information reporting rules applicable to U.S. Persons and nonresident aliens
Basic understanding and working knowledge of IRS series 1099 and 1042-s forms
Forms 1042 and 945
Experience in tax research and reconciliations
Strong organizational skills
Excellent communication skills
Ability to examine processes and procedures
Well versed in standard desktop technology with advanced Excel skills
Ability to interact with all levels of internal customers and senior management
Nice to have:
Project Management experience preferred
Redesign and AI use in processes is preferred
Tungsten, Adobe Acrobat DC and Visio experience preferred