Job
Description
The Tax Analyst 2 is a developing professional role. You will apply specialty area knowledge in monitoring, assessing, analyzing, and/or evaluating processes and data. Your responsibilities will include identifying policy gaps, formulating policies, interpreting data, making recommendations, and researching factual information. You will be tasked with identifying inconsistencies in data or results, defining business issues, and formulating recommendations on policies, procedures, or practices. It is essential to integrate established disciplinary knowledge within your specialty area with a basic understanding of related industry practices. You should have a good understanding of how your team interacts with others to accomplish the objectives of the area. Your impact on the business will be limited but direct through the quality of the tasks/services provided, and it will be restricted to your own team. Responsibilities: - Responsible for the overall management of the tax liabilities of Citi, both directly and in connection with transactions with clients, including related compliance, financial reporting, planning, and controversy processes. - Contribute to the planning, accounting, filing, and reporting of the company's tax liability. - Assist in determining and compiling information required to satisfy income tax filing and related requirements at all levels of jurisdiction. - Advise on procedures and concepts in a technical/subject area, integrating with others to accomplish the objectives of the subfunction/job family. - Improve process efficiencies in harmony with unit goals. - Use conceptual/practical grounding in applying policies to the business. - Perform other duties and functions as assigned. - Appropriately assess risk when making business decisions, with a particular focus on safeguarding Citigroup's reputation, clients, and assets by ensuring compliance with applicable laws, rules, and regulations. Qualifications: - 0-2 years of experience Education: - Bachelor's degree Responsible for in-scope processes related to one or multiple Citi lines of business within the centralized Tax Information Reporting function in FRSS. This position supports the reduction/elimination of Citi's franchise & regulatory risk through accurate and timely reporting and enhanced due diligence on customer accounts. You are expected to migrate information reporting work from various sub-units within the Business Line into FRSS, including training, job shadowing, building documentation such as procedures and process flows, and identifying gaps in the process based on IRS regulations. Additionally, you will support a specific business vertical and develop and enhance your product knowledge within a short timeframe. This position will work in a team-oriented environment. Core Responsibilities: - Act as a tax/information reporting specialist to execute the FATCA, CRS advisory/rollout, Systems conversions/rollouts. - Execute the tax information reporting processes for products issued by Citi's business. - Migration of work into the centralized hub. - Develop "Go To" processes and implement appropriate procedures/controls to ensure consistent compliance with Information Reporting & FATCA, CRS requirements. Day-to-Day Responsibilities: - Support FRSS'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), as well as any other special audits. - Participate in self-assessment testing, MCA, SOX controls, and audits with IRS or Citi's IA. - Ensure tight controls over owned processes to include key controls and COB. - Review, validate, and process W-8 and W-9 tax forms and related documentation according to IRS Chapter 3, chapter 61, and FATCA regulations besides CRS. - Support Technology projects from a technical tax perspective. - Contribute towards departmental requirements 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.,
