Tax Information Reporting

**POSITION TITLE**: Asst. Vice President **Grade/Level**: C12 **BUSINESS GROUP**: Tax Information Reporting **FUNCTION/GROUP**: Tax Reporting **DEPARTMENT**: FRO **LOCATION**: Mumbai **ROLE & RESPONSIBILITIES** - Business/ Department_ - Objectives:_ Responsible for in-scope processes related to multiple Citi lines of business within the centralized Tax Information Reporting function in FRO. This position supports compliance with the 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 FRO; 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 provide tax technical guidance to the team and develop and enhance the teams product knowledge. This is an Operations manager role within the tax information reporting and managing various processes covering Tax form validation, Pre-FATCA reporting, CRS across businesses and is expected to manage the Service delivery of the businesses. - Core Responsibilities:_ - Manage the tax information reporting operations. - Enhance Tax Information Reporting capabilities in Mumbai in partnership with the GPL / RPL - Ensure strong controls are put in place from and Operations and Audit perspective, ensure satisfactory results for any process reviews done internally or by the Stakeholders. Self-identification of the risks (if any) and remedial and preventive plan. - Act as a tax / information reporting specialist to execute the FATCA 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 requirements - Ensure adherence to KPI’s and KRI’s for the team - Support the process improvements / reengineering initiatives. - Day-to-Day Responsibilities:_ - Support FRO'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 Continuity Of - 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 - Financial/ Budgetary:_ - Yes - Manage and monitor the billing done to the businesses_ - Individual Contributor (IC)/Managerial_ - Managerial - Operations Manager_ - Key Deliverables:_ Service Delivery and stakeholder management. FATCA/CRS reconciliation and reporting 1042s/1099 reconciliation and reporting Analytics and Commentary Project Related delivery - Percentage of Travel:_ No Yes, 10% of the Time Yes, 25% of the Time Yes, 50% of the Time Yes, 75% of the Time Yes, 100% of the Time - Relocation:_ - No_ - Other:_ **QUALIFICATIONS** Required Preferred - Education:_ Masters - Experience:_ Bank/Financial Institutions knowledge: products, services, IRS regulations, Tax Operations - Certifications:_ NA CA, CPA or an equivalent Tax qualification preferred - Skills:_ - Understanding and working knowledge of IRS Forms W-9 and W-8 and information reporting rules, FATCA and CRS. - Ability to act as a change agent for organization. Project Management experience preferred - Other:_ - Strong MS Office skills particularly Excel - Quick learner with excellent communication skills, team orientation, and ability to work with counterparts in different areas of organization VBA, Knowledge of Macro’s read and write - **Job Family Group**: Finance - **Job Family**: Tax - **Time Type**: Full time - Citi is an equal opportunity and affirmative action employer. Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. View the "**EEO is the Law**" poster. View the **EEO is the Law Supplement**. View the **EEO Policy Statement**. View the **Pay Transparency Postin