Tax Compliance Consultant recruitment
Responsible for providing comprehensive, in-depth consulting and leadership to the Corporation and the business units on the tax withholding, tax information reporting, and related client documentation requirements associated with the provision of banking, asset servicing and fund administration services in multiple jurisdictions. Provides guidance on emerging regulatory tax requirements and tax compliance issues. Assists in developing, and subsequently with oversight and governance of, the Global Tax Compliance Program.
MAJOR DUTIES:
1. Provides comprehensive, in-depth consulting and leadership to the Corporation and the business units on the tax withholding, tax information reporting, and related client documentation requirements associated with the provision of banking, asset servicing and fund administration services in multiple jurisdictions
2. Assists in developing the Global Tax Compliance Program and, subsequently, with the oversight and governance of the Program
3. Acts as a tax subject matter expert within the Compliance Risk Management function
4. Reviews, interprets and disseminates information to Compliance Risk Management and the business units regarding current and proposed laws and regulations.
5. Consults with partners regarding daily decisions that could pose tax compliance risk and/or conflict with existing tax policies and procedures
6. Consults with business units on development of new and enhanced products and tax-related services, and identifies potential tax compliance risk. Develops solutions, policies and procedures that mitigate risk
7. Interacts with tax authorities and other regulators, and with internal and external auditors as needed. Represents the Corporation on tax-related working groups in the financial services industry.
8. Proactively identifies tax compliance changes and recommends alternative practices to the appropriate business units and their related tax function areas
9. Responsible for direct interaction with different committees and/or management. Establishes and maintains relationships with key partners; provides education and advice on policy/guidelines; and participates in resolving related tax compliance issues
10. Operates independently; has in-depth knowledge of business unit / function. Role is balanced between high level operational execution and development, and execution of strategic direction of business function activities
11. Carries out activities that are large in scope, cross-functional and technically difficult
12. Strategic in developing, implementing and administering programs within business unit tax functional areas
KNOWLEDGE/SKILLS:
Excellent oral and written communication skills are required
In-depth knowledge of Global Tax Compliance is required.
Analytical and problem solving skills are required
Experience working with tax authorities is required
Knowledge of U.S. Section 1441 tax withholding requirements, including the Internal Revenue Services’ Qualified Intermediary program is preferred.
Knowledge of the U.S. Foreign Account Tax Compliance Act (FATCA) is preferred.
EXPERIENCE:
A College or University degree and/or relevant proven work experience in the financial services industry is required. Experience in working with financial services industry groups and trade association on tax-related matters is preferred.