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Embark on a transformative journey as a Tax Operations Analyst. At Barclays, our vision is clear – to redefine the future of banking and help craft innovative solutions. You will support the Tax Documentation team in maintaining consistent, well controlled practices across the investment bank. In this position, you will manage the collection, validation, and maintenance of client tax documentation for your assigned portfolio of accounts, ensuring compliance with Tax Operations policies and IRS regulatory requirements. You will be responsible for obtaining the appropriate tax forms for Barclays investment bank clients and validating all documentation in accordance with IRS guidelines.
Job Responsibility:
Support various business areas with day-to-day initiatives including processing, reviewing, reporting, trading, and issue resolution
Collaboration with teams across the bank to align and integrate operational processes
Identification of areas for improvement and providing recommendations in operational processes
Development and implementation of operational procedures and controls to mitigate risks and maintain operational efficiency
Development of reports and presentations on operational performance and communicate findings to internal senior stakeholders
Identification of industry trends and developments to implement best practice in banking operations
Participation in projects and initiatives to improve operational efficiency and effectiveness
Requirements:
Understanding and validating US W 8 and W 9 tax documentation in accordance with IRS regulations
Supporting onboarding and remediation activities driven by regulatory changes
Applying a basic understanding of financial products within the investment banking industry
Communicating effectively with internal and external stakeholders, including clients, sales teams, and onboarding partners
Using Microsoft Excel, PowerPoint, and Outlook with confidence in a collaborative, team focused environment
Nice to have:
Experience in IRS tax form validation, reporting, and withholding, with awareness of tax technical requirements and industry practices
Ample analytical thinking and problem-solving abilities, with the capacity to navigate detailed tax and documentation requirements
A dynamic approach, including the ability to challenge existing processes, recommend enhancements, and drive continuous improvements
Understanding of risks associated with operational tax processes, and the ability to clearly articulate these risks to management
Technical aptitude and willingness to learn evolving tax and regulatory obligations
What we offer:
Medical, dental and vision coverage
401(k)
life insurance
other paid leave for qualifying circumstances
incentive award eligibility
health and fitness centre with gym facilities and fitness classes