Officer Tax Information Analyst

Citigroup Inc.; Mumbai; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Citigroup Inc. seeks a Tax Information Reporting professional to execute FATCA/CRS rollout, manage information reporting, and migrate reporting work into a centralized FRSS hub. The role emphasizes building procedures, training, and documenting processes to ensure compliance with IRS regulations.

The incumbent supports audits with IRS or Citi IA and contributes to regulatory control improvements while developing product knowledge within Citi's tax reporting domain.

Qualifications

• Experience in FATCA and CRS reporting and advisory rollout.
• Knowledge of IRS regulations and information reporting requirements.
• Experience supporting audits by IRS or Citi IA as applicable.

Responsibilities

• Act as a tax/information reporting specialist to execute FATCA & CRS rollout.
• Deliver information reporting for Citi products and migrate work into FRSS hub.
• Develop go-to processes and implement controls for regulatory compliance.

Skills

Assessment

Credible Challenge

Financial Acumen

Management Reporting

Risk Management

Job description

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. The incumbent is expected to migrate information reporting work from various sub-units within the Business Line into FRSS; this process includes training and job shadowing, building documentation such as procedures and process flows, and identifies gaps in the process based on IRS regulations. In addition, the incumbent will support a specific business vertical and is expected to develop and enhance their 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.
• Executes the tax information reporting processes to products issued by Citi’s business
• Migration of work into our centralized hub

• Develop "Go To" processes and implement appropriate procedures/ controls to ensure consistent compliance with Information Reporting & FATCA requirements
• FATCA and CRS operations – delivery of KPI & KRI’s and Information reporting 1042s, 1099, 8966 and CRS reporting

Day-to-Day Responsibilities:

• Support FRSS 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), and any other special audits.
• Participate in self-assessment testing, MCA, SOX controls as well as any 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, FATCA regulations besides CRS.

• Support Technology projects from a technical tax perspective

• Contribute towards departmental requirement 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.

Job Family Group:

Finance

Job Family:

Tax

Time Type:

Full time

Most Relevant Skills

Assessment, Credible Challenge, Financial Acumen, Management Reporting, Risk Management.

Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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