Vice President, Payroll Tax I
At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world's financial system we touch nearly 20% of the world's investible assets. Every day around the globe, our 50,000+ employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities, and people everywhere.
We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what #LifeAtBNY is all about.
We're seeking a future team member for the role of Vice President to join our US Payrollteam. This role is located in Pune, MH- Hybrid.
In this role, you'll make an impact in the following ways:
Lead a team of professional Payroll staff who handle in house processing of the US payroll.
Leads the staff in ensuring taxes are properly withheld in accordance with country laws and regulations, control and cash management issues are addressed, and balance sheet accounting activities, including reconciling benefits, equity and tax payroll fees with payments out to tax and regulatory agencies, are completed.
Responsible for the implementation and administration of payroll tax and payroll operations policies and procedures in compliance with the organizational and relevant country laws, policies and regulations.
Serves as a subject matter expert on the assigned country's payroll tax laws and advises other operating groups (e.g., Income, Corporate Actions, Security Master), Corporate Tax, Payroll Tax and internal/external client business administration managers and country managers on compliance.
Responsible for fully understanding tax documentation, withholding and reporting processes for the assigned country.
Responsible for fully understanding end to end payroll processing for the assigned country.
Directs the team's reporting activities and escalates identified issues or inefficiencies to more senior managers. Identifies potential areas of exposure and oversees the implementation of new controls and procedures to improve efficiency and reduce risk.
Contributes to the development and implementation of country policies and new procedures that align with the organization and organizational objectives.
Makes recommendations and tests system enhancements and new products.
Develops tactical solutions that address changes in payroll tax laws and regulations and guides the country team in adapting to these changes.
Addresses payroll issues escalated by professional staff. Initiates the development of reports for presentation to country management on identified issues, errors and inefficiencies.
Guides the team's development of proposals on payroll compliance improvements, potential new tax regulations to be evaluated and existing tax regulations to be assessed.
Leads the country team in implementing changes if approved.
May manage special projects as directed by senior management.
Directs, motivates and develops staff, maximizing their individual contributions, their professional growth and their ability to function effectively as a team.
Shift- US timezone
To be successful in this role, we're seeking the following:
Bachelor's degree or the equivalent combination of education and experience is required.
5-7 years of total work experience is preferred. Background in Payroll Administration and/or Accounting is required.
At BNY, our culture speaks for itself. Here's a few of our awards:
America's Most Innovative Companies, Fortune, 2024
World's Most Admired Companies, Fortune 2024
Human Rights Campaign Foundation, Corporate Equality Index, 100% score, 2023-2024
Best Places to Work for Disability Inclusion , Disability: IN – 100% score, 2023-2024
"Most Just Companies", Just Capital and CNBC, 2024
Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024
Bloomberg's Gender Equality Index (GEI), 2023
Our Benefits and Rewards:
BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life's journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.
BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans