Responsible for in-scope processes related to multiple Citi lines of business within the centralized Tax Information Reporting function.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 TIR; 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
• Manage the tax information reporting operations.
• Enhance Tax Information Reporting capabilities in Mumbai in partnership with the
Lead
• 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.
• Support TIR 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, audits with IRS
Or Citi's IA.
• Ensure tight controls over owned processes to include key controls and Continuity Of
Business
• 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
regulations
• 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
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