Tax Operations - Tax Information Reporting - Vice President -

Goldman Sachs

8 - 10 years

30 - 35 Lacs

bengaluru

Posted:12 hours ago| Platform:

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Skills Required

due diligence team management manager quality assurance analytical international taxation investment banking asset management risk management operations monitoring

Work Mode

Work from Office

Job Type

Full Time

Job Description

Tax Operations supports the activities, operations, reporting obligations and transactions of the firm s business lines to ensure that tax consequences and reputational risks are evaluated appropriately
The teams work contributes directly to the firm s success, and the division is ideal for creative and collaborative individuals who have strong ethics and attention to detail
Tax Operations is responsible for maintaining the integrity of the firm s compliance with reporting to authorities around the globe and managing related inquiries from a variety of the firm s businesses across established and emerging markets
Day-to-day team functions include accurate and timely account documentation, data accuracy, monitoring, withholding, client information reporting, and regulatory filings
The team also has the responsibility of analyzing new regulations, business, and infrastructure changes, designing process and system changes
The team capitalizes on opportunities to optimize procedures and build scalability through data analytics and efficient use of technology.

SKILLS & EXPERIENCE WE RE LOOKING FOR

BASIC QUALIFICATIONS (8-10 Years Experience)

Strategic Vision & Execution:
Ability to develop and articulate a clear strategic vision for the AEOI function, aligning it with broader organizational goals, and driving its effective implementation.
Stakeholder Management & Influence:
Ability to build and maintain strong relationships with diverse internal (e.g., Legal, IT, Business Units) and external (e.g., regulators, auditors, advisers) stakeholders, influencing outcomes and fostering collaboration.
Regulatory Awareness:
General understanding of the continuously evolving nature of international tax transparency regulations and their impact on financial institutions.
Leadership & Team Management:
Demonstrated ability to lead, develop, motivate, and manage a team, including delegating tasks, setting clear objectives, and fostering a collaborative environment.
Communication Skills:
Excellent verbal and written communication skills to articulate complex regulatory requirements and compliance strategies to various internal and external stakeholders.
Analytical & Problem-Solving:
Strong analytical abilities with meticulous attention to detail to identify issues, analyse complex data, and develop effective solutions within the regulatory framework.
Risk Management (AEOI Specific):
Expertise in identifying, assessing, and mitigating compliance risks specifically related to AEOI, ensuring robust internal controls and adherence to regulatory requirements.
Process Optimization & Efficiency:
Ability to drive continuous improvement in AEOI operations, optimizing workflows, and implementing best practices to enhance efficiency and accuracy.
Regulatory & Audit Management:
Experience working closely with tax authorities globally, including audits and inspections, and effectively communicating complex technical concepts to non-technical stakeholders.
Technology Integration for Compliance:
Experience with leveraging technology and automated solutions for data validation, report generation, tracking deadlines, and maintaining comprehensive audit trails to manage cross-border reporting efficiently.
Evolving Regulatory Landscape & Heightened Scrutiny:
Demonstrated ability to proactively navigate and adapt to the continuously evolving nature of tax reporting regulations including FATCA and CRS regulations across multiple jurisdictions, coupled with heightened scrutiny from tax authorities. This includes staying abreast of updates and implementing accurate compliance strategies to mitigate risks.

PREFERRED QUALIFICATIONS

FATCA & CRS Expertise:
In-depth knowledge of FATCA and CRS regulations, including reporting requirements, due diligence procedures for new and pre-existing accounts, and monitoring for changes in circumstances.
Tax Compliance & Reporting:
Proven experience in leading tax compliance and reporting processes, ensuring accuracy and adherence to international standards, including managing the identification of reportable persons and accounts.
Data Validation & Processing:
Proficiency in reviewing, validating, and processing CRS forms and assessing client and other related data for accurate regulatory reporting. This includes strong data governance, collection, analysis, and quality assurance skills.
CARF (Crypto-Asset Reporting Framework) Proficiency:
Understanding of the Crypto-Asset Reporting Framework (CARF), its purpose, and its interaction with CRS, including knowledge of reporting crypto-asset transactions.
CRS 2.0 Implementation & Adaptation:
Understanding in the amendments to the Common Reporting Standard - CRS 2.0, including the expanded scope of reportable financial products and tightened customer due diligence requirements

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