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Financial analyst role in Mumbai focusing on IRS reporting and risk management within Citi’s FRSS tax function.
Join Citi’s hybrid team as Junior Tax Analyst and contribute to regulatory compliance, process reengineering and analytics.
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Job Overview
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Shape your Career with Citi
We’re currently looking for a high caliber professional to join our team as Officer, Junior Tax Analyst Hybrid (Internal Job Title: Tax Analyst 1 – C09 ) based in Mumbai, India. Being part of our team means that we’ll provide you with the resources to meet your unique needs, empower you to make healthy decision and manage your financial well-being to help plan for your future. For instance:
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Responsible for in-scope processes related to one or multiple Citi lines of business within the centralized Tax Information Reporting function in FRSS.
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.
In this role, you’re expected to:
- Work on EMEA shift.
- 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.
- Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.
As a successful candidate, you’d ideally have the following skills and exposure:
- Bachelor's degree/University degree or equivalent experience
- At least 1-3 years related experience in Tax operations or related discipline
- Basic Understanding and working knowledge of IRS Forms W-9 and W-8 and information reporting rules, FATCA and CRS.
- Hands-on experience in FATCA and CRS XML generation process, including data validation, schema checks, error handling, and regulatory reporting requirements.
- Working knowledge of 1065 nominee K-1 reporting process, including preparation and review of Type 1 and Type 2 statements, ensuring accurate reporting and compliance with tax reporting requirements.
- Strong MS Office skills particularly Excel
- Quick learner with excellent communication skills, team orientation, and ability to work with counterparts in different areas of organization.
- Bank/Financial Institutions knowledge: products, services, IRS regulations, Tax Operations
- CA, CPA or an equivalent Tax qualification preferred
- Ability to act as a change agent for organization.
Take the next step in your career, apply for this role at Citi today
https://jobs.citi.com/dei
This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.
#hybrid #LI-AR1
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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