Tax Intermediate Analyst

• Work on EMEA shift
• 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
• Identifies and resolves problems using autonomous judgment
• Implements work flow or process change and redesign, and uses a thorough knowledge of the specific function
• Accountable for regular reporting or process administration as 'owner'
• Primary focus is on execution within defined parameters
• Assists in the management of one or more processes, reports, procedures or products
• Directs day-to-day work of junior level employees
• Has the ability to operate with a limited level of direct supervision
• Can exercise independence of judgement and autonomy
• Acts as SME to senior stakeholders and /or other team members
• IRS Reporting requirements
• Review and coordinate queries received from Clients
• Enhance Tax Information Reporting capabilities in Mumbai in partnership with the Custody business
• Ensure strong controls are put in place from and Operations and Audit perspective, ensure satisfactory results for any process reviews done internally or by the Stakeholders
• Self-identification of the risks (if any) and remedial and preventive plan
• Act as a tax / information reporting specialist to execute the IRS Reporting advisory/rollout, Systems conversions/rollouts
• Executes the tax information reporting processes to products issued by Citi's business
• Develop 'Go To' processes and implement appropriate procedures/ controls to Ensure consistent compliance with Information Reporting requirements
• Ensure adherence to KPI's and KRI's for the team
• Support the process improvements / reengineering initiatives
• Act as a Tax information Reporting specialist managing IRS Reporting for APAC Custody business
• Ensure annual completion of the 1042-s & 1099 Regulatory Reporting, adhering to deadlines for Recipient and IRS filings
• Responsible for Income reconciliations across all APAC Custody branches supported dealing with multiple agents, including reclassification process
• Contact for US IRS Reporting queries and escalating to senior management when required
• Liaising with internal and external parties, including Clients and Client Executives to assist and resolve issues
• Provide support with IRS (KPMG) and Internal Audits (IA), including QI periodic reviews for the QI's supported
• Build and maintain relationships with internal and external parties, such as asset-servicing, local country management and agents
• Keep up to date with regulatory changes, updating and maintaining operational procedures relating to Tax Information reporting
• Develop best practices and implement appropriate controls to ensure consistent compliance with Information Reporting requirements
• Identify and participate in process re-engineering and re-design activities to achieve better controls, compliance, and efficiencies
• Contribute towards departmental requirement to adhere to strict regulatory and compliance requirements per tax authority and Citi policy
• Support Technology projects from a technical tax perspective
• Perform reviews of written tax policy and procedures, research and respond to inquiries from operational areas
• 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

• Bachelor's degree/University degree or equivalent experience
• minimum of 2-5 years relevant experience specific to IRS Reporting
• IRS Reporting knowledge and hands on experience such as 1042, 1042s & 1099 is required for this role

FATCA & CRS experience is a plus