Description
We are seeking a Tax Operations Analyst to support the Tax Documentation team in maintaining consistent, well-controlled practices across the investment bank.
You will handle the collection, validation, and maintenance of client tax documentation for your assigned portfolio of accounts, ensuring compliance with Tax Operations policies and IRS regulatory requirements.
Your responsibilities will include:
- Supporting various business areas with day-to-day initiatives including processing, reviewing, reporting, trading, and issue resolution.
- Collaborating with teams across the bank to align and integrate operational processes.
- Identifying areas for improvement and providing recommendations in operational processes.
- Developing and implementing operational procedures and controls to mitigate risks and maintain operational efficiency.
- Developing reports and presentations on operational performance and communicating findings to internal senior stakeholders.
- Identifying industry trends and developments to implement best practice in banking operations.
- Participating in projects and initiatives to improve operational efficiency and effectiveness.
As a Tax Operations Analyst, you will be expected to:
- Have an impact on the work of related teams within the area.
- Partner with other functions and business areas.
- Take responsibility for end results of a team's operational processing and activities.
- Escalate breaches of policies/procedure appropriately.
- Take responsibility for embedding new policies/procedures adopted due to risk mitigation.
- Advise and influence decision making within your own area of expertise.
- Take ownership for managing risk and strengthening controls in relation to the work you own or contribute to.
- Deliver your work and areas of responsibility in line with relevant rules, regulation, and codes of conduct.
The ideal candidate will have experience with:
- Understanding and validating US W 8 and W 9 tax documentation in accordance with IRS regulations.
- Supporting onboarding and remediation activities driven by regulatory changes.
- Applying a basic understanding of financial products within the investment banking industry.
- Communicating effectively with internal and external stakeholders, including clients, sales teams, and onboarding partners.
- Using Microsoft Excel, PowerPoint, and Outlook in a collaborative, team-focused environment.
Highly valued skills may include:
- Experience in IRS tax form validation, reporting, and withholding, with awareness of tax technical requirements and industry practices.
- Ample evaluative thinking and problem-solving abilities, with the capacity to navigate detailed tax and documentation requirements.
- A dynamic approach, including the ability to challenge existing processes, recommend enhancements, and drive continuous improvements.
- Understanding of risks associated with operational tax processes, and the ability to clearly articulate these risks to management.
- Technical aptitude and willingness to learn evolving tax and regulatory obligations.
In return, you will receive a competitive salary and benefits package, including medical, dental, and vision coverage, 401(k), life insurance, and other paid leave for qualifying circumstances.
This role is located in Whippany, NJ.
Minimum Salary: $64,000 Maximum Salary: $87,000