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The Tax Lead Analyst is a strategic professional who stays abreast of developments within own field and contributes to directional strategy by considering their application in own job and the business. Recognized technical authority for an area within the business. Requires basic commercial awareness. There are typically multiple people within the business that provide the same level of subject matter expertise. Developed communication and diplomacy skills are required in order to guide, influence and convince others, in particular colleagues in other areas and occasional external customers. Significant impact on the area through complex deliverables. Provides advice and counsel related to the technology or operations of the business. Work impacts an entire area, which eventually affects the overall performance and effectiveness of the sub-function/job family.
Job Responsibility:
Responsible for in-scope processes related to multiple Citi lines of business within the centralized Tax Information Reporting function
Support compliance with the regulatory risk through accurate and timely reporting and enhanced due diligence on customer accounts
Migrate information reporting work from various sub-units within the Business Line into TIR
Provide tax technical guidance to the team and develop and enhance the teams product knowledge
Manage the tax information reporting operations
Enhance Tax Information Reporting capabilities in Mumbai in partnership with the Global Lead
Ensure strong controls are put in place from and Operations and Audit perspective
Act as a tax / information reporting specialist to execute the FATCA advisory/rollout, systems conversions/rollouts
Execute 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
Ensure adherence to KPI’s and KRI’s for the team
Support the process improvements / reengineering initiatives
Support TIR’s 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, any audits with IRS or Citi's IA
Ensure tight controls over owned processes to include key controls and Continuity of Business
Manager Review, validation process of W-8 and W-9 tax forms and related documentation according to IRS Chapter 3, chapter 61, Section 3406 and FATCA
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