Analyst, Tax Operations

We are seeking an Analyst, Tax Operations to join our team in Jersey City, New Jersey.

The successful candidate will have daily oversight responsibilities for NRA withholding and remittance, 1099 and 1042s tax reporting and reconciliation, development and management of system tax rules, allocation of withholding rates, and special tax services.

Key responsibilities include:

• Daily analysis and processing of Chapter 3, Chapter 4, and Chapter 62 withholding on CA/Income events
• Reconciliation of withholding tax and income/exemptions codes reported to clients
• Communicating and processing elective dividends through the depository with respect to foreign withholding rates
• Client certification of foreign positions through the use of external platforms such as Acupay
• Ensure the ongoing development and maintenance of written procedures and adherence to all US regulations as related to the services
• Reconcile and prepare client 1099 and 1042s forms
• Analyze, review, and update client Cost Basis for securities held in Arranged Finance accounts
• Communicate tax-related changes that have impacted information, documentation, reporting, and withholding regulations to clients
• Provide support and guidance to all internal tax-related areas with respect to tax-related queries
• Contribute to the maintenance of an effective quality service and reduce client risk to a minimum
• Work with other teams to ensure HSS continues to provide top-quality services to clients

The ideal candidate will have:

• A BA/BS degree or equivalent industry experience
• Strong overall knowledge of Domestic markets, with emphasis on Equity and Fixed Income products
• Computer literacy, knowledge of Excel and Word, detailed-oriented, good problem solver, and good communication skills

As an HSBC employee, you will have access to tailored professional development opportunities, a competitive pay and benefits package, and a robust Wellness Hub, all in a welcoming and inclusive work environment.