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    Officer - Tax Analyst 2 (C10) - mumbai, India - Citi

    Citi
    Citi mumbai, India

    1 month ago

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    citi background
    Description

    The Tax Analyst 2 is a developing professional role. Applies specialty area knowledge in monitoring, assessing, analyzing and/or evaluating processes and data. Identifies policy gaps and formulates policies. Interprets data and makes recommendations. Researches and interprets factual information. Identifies inconsistencies in data or results, defines business issues and formulates recommendations on policies, procedures or practices. Integrates established disciplinary knowledge within own specialty area with basic understanding of related industry practices. Good understanding of how the team interacts with others in accomplishing the objectives of the area. Develops working knowledge of industry practices and standards. Limited but direct impact on the business through the quality of the tasks/services provided. Impact of the job holder is restricted to own team.
    Responsibilities:

  • 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.
  • Advises on procedures and concepts in technical/subject area and integrates with others in accomplishing the objectives of the sub function/ job family.
  • Improves process efficiencies in harmony of unit goals.
  • Uses conceptual/ practical grounding in applying policies to the business
  • Perform other duties and functions as assigned
  • 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.
  • Qualifications:

  • 0-2 years of experience
  • Education:

  • Bachelors degree
  • ROLE & RESPONSIBILITIES

    Responsible for in-scope processes related to one or multiple Citi lines of business within the centralized Tax Information Reporting function in FRSS. This position supports the reduction/elimination of Citi's franchise & regulatory risk through accurate and timely reporting and enhanced due diligence on customer accounts. The incumbent is expected to migrate information reporting work from various sub-units within the Business Line into FRSS; this process includes training and job shadowing, building documentation such as procedures and process flows, and identifies gaps in the process based on IRS regulations. In addition, the incumbent will support a specific business vertical and is expected to develop and enhance their product knowledge within a short timeframe.
    This position will work in a team-oriented environment.

  • Act as a tax / information reporting specialist to execute the FATCA, CRS advisory/
  • rollout, Systems conversions/rollouts.

  • Executes 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 to
  • ensure consistent compliance with Information Reporting & FATCA, CRS requirements

  • Support FRSS'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, SOX controls as well as any audits with IRS
  • Or Citi's IA.

  • Ensure tight controls over owned processes to include key controls and COB
  • Review, validate and process W-8 and W-9 tax forms and related documentation
  • according to IRS Chapter 3, chapter 61, and FATCA regulations besides CRS.

  • 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.
  • Job Family Group:

    Finance

    Job Family:

    Tax

    Time Type:

    Full time


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