Officer -Tax Analyst 2 (TIR ACT)

Job Description :

Responsible for in-scope processes related to assurance and compliance as part of the Tax Information Reporting function in operations.  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 work as part of the Assurance and Compliance team tasked to monitor compliance of TIR policies through periodic, targeted reviews, perform operational change management (inclusive of gap identification, escalations and tracking) and build out Citi's Qualified Intermediary specialist group.

This position will work in a team-oriented environment.

The key objectives and result areas are as follows:

--       Act as a tax / information reporting specialist in the Assurance and Compliance Team

--       Act as an internally and externally recognized subject matter expert                                                                                             

–       Complete targeted reviews of TIR policies across Citi businesses, report identified gaps and review business remediation plans

–       Assist business in dimensioning significant issues and provide recommended actions

–       Manage the Build-out and maintenance of an inventory of responsible parties across all businesses for operations -TIR activity

–       Act as  member of the QI specialist group supporting Citi Responsible Officers and tax operational teams with reviews, training and policy updates

–       Support audits with IRS and Internal Audit (IA), and any other special audits.

–       Ensure tight controls over owned processes to include key controls and include Continuity of Business, as applicable

Qualifications

1. Basic Understanding of U.S. tax information rules applicable to U.S. Persons and non-U.S. Persons

2. Basic Understanding and working knowledge of IRS Forms W-9 and W-8 and their associated requirements; Forms 1098, 1099 series, and 1042-S; Forms 945 and 1042

3.  Basic Knowledge of the Qualified Intermediary Regulations and the requisite compliance requirements

4. Basic Knowledge of FATCA regulations, inter-governmental agreements and associated reporting requirements

5.  Basic Knowledge of the Common Reporting Standard and its due diligence and reporting requirements

3. Excellent  communication skills to drive engagement and close interactions with key stakeholders.

5. Ability to examine processes and procedures, experience with Process Re-engineering, Re-design and Process Automation is preferred

6. Ability to act as a change agent for organizational and product transformational initiatives

7. Project Management experience preferred and strong organizational skills a must

8. Well versed in standard desktop technology with advanced Excel skills.  Visio and Access experience preferred

9. Ability to interact with all levels of internal customers and senior management.

Experience : 4+ years of relevant experience

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