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.
rollout, Systems conversions/rollouts.
ensure consistent compliance with Information Reporting & FATCA requirements
1099, 8966 and CRS reporting
compliance and efficiency
Or Citi's IA.
according to IRS Chapter 3, chapter 61, FATCA regulations besides CRS.
Compliance requirements, per IRS and Citi policy.
inquiries from operational areas
1.FATCA/CRS reconciliation and reporting
2.1042s/1099 reconciliation and reporting
3. Project Related delivery
The ideal candidate will have a BCOM/CA/MBA/ Other Finance Masters and 2- 3 years relevant work experience in Tax operations or related discipline
Bank/Financial Institutions knowledge: products, services, IRS regulations, Tax Operations
CA, CPA or an equivalent Tax qualification preferred
Basic Understanding and working knowledge of IRS Forms W-9 and W-8 and information reporting rules, FATCA and CRS.
Project Management experience preferred
Strong MS Office skills particularly Excel
VBA, Knowledge of Macro’s read and write