Assistant Manager -R

Bank of America; Chennai; On-site; INR 1,500,000 - 2,000,000; Full time

Job summary

Bank of America is looking for a Tax Operations specialist with 15 years of experience to join their team in Chennai. The role involves managing tax related processes, ensuring compliance, and supporting various initiatives in a fast-paced environment. Candidates should hold a postgraduate degree in finance and have extensive knowledge of US and International Tax Operations. The position offers a dynamic work environment with 24/7 operations and requires excellent stakeholder management skills.

Qualifications

• 15 years of experience in Operations delivery.
• Experience in Tax Documentation (W8/W9/FATCA/CRS Forms).
• Ability to guide other team members.

Responsibilities

• Perform Tax Outreach related tasks as part of BAU delivery.
• Support ad-hoc requirements of testing and validation.
• Act as project coordinator for various OpEx initiatives.

Skills

Experience in US / International Tax Operations

Tax form solicitation experience

Validation of tax documentation

Excellent Stakeholder management

Excellent verbal and written communication

Project management skills

Education

Post Graduate in finance

Tools

Tableau

Job description

Job Description

The individual will be a contributing member of the GBAM Ops Tax & Control team, responsible for delivery of high quality results on various mandates that the team is working in partnership with various teams within Operations, Technology and Finance.

About the Team

BCOM (Global Banking and Markets) Ops Tax & Control performs various tax related processes across GBAM Operations, ensuring compliance with federal, state and local tax regulations in the U.S. and across global jurisdictions.

Responsibilities

• Perform Tax Outreach related tasks assigned as part of BAU delivery
• Work closely with SMEs for knowledge transfer, process documentation and defining and building of controls to ensure smooth BAU delivery
• Support ad‑hoc requirements of testing and validation arising out of system conversions
• Create and publish MIS reports to stakeholders on the exceptions and highlight the risk. Evaluate the reports from time to time, identify opportunities to improvise and drive changes
• Proactively identify & communicate gaps in the business, as well as recommend controls (reports, procedural changes, governance routines) that can be leveraged to streamline the process
• Ensure Audit Readiness for the business – Ensure that SOPs and other governance documents are updated timely and accurately whenever there are any technology / process changes in the business
• Design & streamline Quality Audit methodology, Rebuttal & Training/OJT processes for the business to enhance quality and better on‑boarding experience for new hires
• Proactively communicate and ensure visibility to leadership on the upcoming technology changes/enhancements, Deployment Plan, Impact Assessment based on the scope – Process/procedures, Associate, Systems etc. & lessons learnt
• Act as project coordinator for various OpEx initiatives underway. Work with various teams to drive the agenda and report progress in a routine manner

Requirements

• Education: Post Graduate in finance.
• Certifications: NA
• Experience Range: 15 years of experience in Operations delivery.

Foundational Skills

• Experience in US / International Tax Operations
• Tax form solicitation, prior experience in Tax Documentation. (W8/W9/FATCA/CRS Forms)
• Review change in reference data with potential Tax documentation impact.
• Validation of tax documentation, reviewed against regulatory requirements for validity
• Withholding and Remittance - Calculating payments or applying withholding tax as applicable.
• Tax reporting (1099 and 1042 S) - Reporting account holder and payment information to required regulators and/or clients.
• Eye for detail and must be procedure focused to adhere to the Policy guidelines
• Ability to understand and drive Front-to-Back Workflow, articulate and understand full product / transaction life cycle
• Excellent Stakeholder management (internal & external) across regions / functions / lines of business
• Excellent verbal and written communication/presentation skills
• Demonstrate ability to work within a team environment as well as individual accountability
• Ability to guide other team members with desired domain expertise.

Desired Skills

• Project management skills
• Tableau dashboard creation

Work Timings

24*7

Job Location

Chennai/Gurugram/Hyderabad