Senior Tax Analyst

RBC; Toronto; On-site; CAD 50,000 - 85,000; Full time

Job summary

A leading financial institution in Toronto is seeking a qualified individual to manage US tax reporting and compliance. The role involves ensuring accurate withholding, developing documented procedures, and identifying discrepancies in tax reporting. Ideal candidates will have a university degree or equivalent experience, strong data handling skills, and familiarity with QI & FATCA guidelines. Competitive compensation and a comprehensive benefits program are included, offering a chance to make a meaningful impact in a collaborative environment.

Benefits

Comprehensive Total Rewards Program

Flexible work/life balance options

Opportunities to take on progressively greater accountabilities

Qualifications

• Strong technical competency in handling large data volume.
• Knowledge of QI & FATCA withholding and reporting guidelines.
• Solid Risk Management and mitigation focus mindset.

Responsibilities

• Ensure the accuracy, timeliness, and completeness of US tax withholding.
• Develop procedures for IRS QI and FATCA obligations.
• Identify tax reporting discrepancies.

Skills

Active Learning

Adaptability

Critical Thinking

Customer Service

Decision Making

Operational Delivery

Education

University degree and/or 3+ work experience

Job description

Job Description

What is the opportunity?

As a Qualified Intermediary and Model 1 FFI we are responsible for ensuring US tax reporting/withholding and remittance is done to the IRS on a timely basis. In this role, you will be responsible for all activities with respect to QI & FATCA withholding, remittance and reporting of US source income to the IRS for RBC Investor Services Trust and Royal Bank of Canada custody accounts.

What will you do?

• Ensure the accuracy, timeliness and completeness of US tax withholding, remittance and reporting of US source income
• Develop comprehensive procedures to ensure that all reporting and reconciliations comply with the IRS QI and FATCA obligations and internal audit, this includes ensuring desk operating procedures are fully documented and current
• Responsible for identifying any tax reporting discrepancies
• Participate in the development and testing phases of regulatory projects involving RTAX and various custody systems, which contain system enhancements meant to improve the overall efficiency of tax reporting, and to meet the IRS regulatory reporting requirements
• Understand & communicate interdependencies between Canadian & U.S. reporting to all constituents
• Support QI reporting responsibilities for other custody platforms, as required
• Liaise with the Tax Advisory Group to ensure regulatory requirements are met within the departments operating deliverables.
• Able to prepare US tax Forms’ 945, 1042, 1099 and 1042-S, and be responsible for US REITs and RICs reclassification adjustments

What do you need to succeed?

Must-have

• University degree and/or 3+ work experience in the related field
• Knowledge of QI & FATCA withholding and reporting guidelines
• Strong technical competency in handling large data volume
• Solid Risk Management and mitigation focus mindset
• Excellent interpersonal skills and ability to multitask and work with various competing priorities and timelines

What’s in it for you?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable.
• Leaders who support your development through coaching and managing opportunities
• Ability to make a difference and lasting impact.
• Work in a dynamic, collaborative, progressive, and high-performing team.
• Flexible work/life balance options.
• Opportunities to do challenging work.
• Opportunities to take on progressively greater accountabilities.

Job Skills

Active Learning, Adaptability, Business Appraisals, Critical Thinking, Customer Service, Decision Making, Effectiveness Measurement, Operational Delivery, Process Improvements

Additional Job Details

Address: RBC CENTRE, 155 WELLINGTON ST W:TORONTO
City: Toronto
Country: Canada
Work hours/week: 37.5
Employment Type: Full time
Platform: WEALTH MANAGEMENT
Job Type: Regular
Pay Type: Salaried
Posted Date: 2025-12-24
Application Deadline: 2026-01-07
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Compensation for this position (including salary and discretionary/variable payments) will be determined by factors, including but not limited to candidate's experience, skills, registration status, performance, individual goals, market conditions, and business needs.

Pay Range

The expected pay range for this position is: $50,000.00 - $85,000.00. The pay range provided is for the primary work location referenced in the Additional Job Details. Pay ranges may differ based on location.

You have the potential to earn RBC's discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided that business meets its performance targets and you meet your individual goals.

Inclusion and Equal Opportunity Employment

At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging, and opportunity for all.

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RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.