The Tax Specialist 5 performs relatively complex assignments. Has direct impact on the business by ensuring the quality of the tasks or services provided. Works under little to no direct supervision. May service an expansive and/or diverse array of products/services. Applies working knowledge of technical and professional principles and concepts and in depth knowledge of team objectives. Understands how assigned duties contribute to the work of the team/unit and how the units coordinate their efforts and resources to achieve the objectives of the function. Ensures the quality and service of self and others. May recommend new options to enhance productivity in accordance with guidelines. Requires tact and diplomacy when exchanging complex or sensitive information with others. Is sensitive to audience diversity. Basic knowledge of the organization, the business and its policies required. Typically responsible for resolving basic to moderately complex problems based on practice and precedence. Able to assess applicability of similar experiences and evaluate options under circumstances not covered by procedures.Objectives: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 businessMigration of work into our centralized hubDevelop "Go To" processes and implement appropriate procedures/ controls toensure consistent compliance with Information Reporting & FATCA, CRS requirementsDay-to-Day Responsibilities:Support FRSS's Service Delivery / Engagement model with client constituency and otherkey stakeholdersIdentify and participate in process reengineering & redesign to achieve better controls,compliance and efficiencySupport 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 IRSOr Citi's IA.Ensure tight controls over owned processes to include key controls and COBReview, validate and process W-8 and W-9 tax forms and related documentationaccording to IRS Chapter 3, chapter 61, and FATCA regulations besides CRS.Support Technology projects from a technical tax perspectiveContribute towards departmental requirement to adhere to strict regulatory andCompliance requirements, per IRS and Citi policy.Perform reviews of written tax policy and procedures, research and respond toinquiries from operational areasHandle Tax reporting for US and Non US legislations.Key Deliverables:1.FATCA/CRS reconciliation and reporting2.1042s/1099 reconciliation and reporting3. Analytics and Commentary4. Project Related deliveryQualifications:1-3 Years of ExperienceEducation:High School diploma or equivalentSkills:Basic Understanding and working knowledge of IRS Forms W-9 and W-8 and information reporting rules, FATCA and CRS.Ability to act as a change agent for organization.Project Management experience preferredOther:Strong MS Office skills particularly ExcelQuick learner with excellent communication skills, team orientation, and ability to work with counterparts in different areas of organizationVBA, Knowledge of Macro's read and write------------------------------------------------------Job Family Group:Finance------------------------------------------------------Job Family:Tax------------------------------------------------------Time Type:Full time------------------------------------------------------Citi is an equal opportunity and affirmative action employer.Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.Citigroup Inc. and its subsidiaries ("Citi") invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity reviewAccessibility at Citi.View the "EEO is the Law" poster. View theEEO is the Law Supplement.View theEEO Policy Statement.View thePay Transparency Posting
