Citi India | Tax Intermediate Analyst - Tax Information Reporting

Responsibilities

• As a bank with a brain and a soul, Citi creates economic value that is systemically responsible and in our clients’ best interests.
• As a financial institution that touches every region of the world and every sector that shapes your daily life, our Enterprise Operations & Technology teams are charged with a mission that rivals any large tech company.
• Tax Information Reporting (TIR) is responsible for end-to-end client tax activities including validation of client tax certifications, withholding, information reporting under Internal Revenue Service, Foreign Account Tax Compliance Act (FATCA), and Common Reporting Standard (CRS) regimes, Citi-wide governance, and US non-income tax including sales & use tax, personal property tax, and others.
• Execute functions from the Tax Information Reporting process tree including, but not limited to, tax form validation, withholding, information reporting, legal entity maintenance, and governance.
• Act as a tax information reporting specialist (and potentially team leader) to execute operational and project initiatives.
• Act as an internally and externally recognized subject matter expert.
• Support Service Delivery model with all stakeholders.
• Identify and participate in process re-engineering and re-design activities to achieve better controls, compliance, and efficiencies.
• Support audits by tax authorities and Internal Audit.
• Support Technology projects from a tax technical perspective.
• Contribute towards departmental requirement to adhere to strict regulatory and compliance requirements per tax authority and Citi policy.
• Perform reviews of written tax policy and procedures, research and respond to inquiries from operational areas

Requirements

• Basic understanding of U.S. tax information reporting rules applicable to U.S. Persons and non-U.S. Persons.
• Basic understanding and working knowledge of IRS Forms W-9 and W-8 and their associated requirements; Forms 1098, 1099 series, and 1042-S; Forms 945 and 1042.
• Excellent communication skills to drive engagement and close interactions with key stakeholders.
• Ability to examine processes and procedures, experience with Process Re-engineering.
• Ability to act as a change agent for organizational and product transformational initiatives.
• Ability to interact with all levels of internal customers and senior management.
• Strong Microsoft Office skills including Microsoft Excel and PowerPoint.
• Experience with Power BI, Python, KNIME, Xceptor, or other digital tools is preferred.
• Working Environment: office setting, minimal travel required.

Citi

Citi is the global bank of Citigroup Inc., one of the world's largest financial institutions, serving corporations, governments, institutions and individuals in about 160 countries and jurisdictions. Citigroup's shares trade on the New York Stock Exchange.

In India, where Citi has been present since 1902, the bank focuses on institutional banking, corporate and investment banking, markets and securities services, alongside large shared-services, technology and operations teams that support its businesses worldwide. Finance, controllership, risk, regulatory reporting, audit, treasury, taxation and compliance roles are regularly hired for across its India offices, and CA, CMA, CFA and MBA (Finance) profiles are common in them.

• Industry: Global banking and financial services
• Headquarters: New York, USA (Citigroup Inc.)
• In India: Operating in India since 1902, with institutional banking and markets businesses plus large technology, services and operations centres in cities including Mumbai, Pune, Chennai, Gurugram and Bengaluru