Jr. Tax Operations Analyst to work on a number of critical onboarding operations for a large banking client - 134144
Job Type: Contract
Positions to fill: 1
Start Date: Jul 06, 2022
Job End Date: Dec 12, 2022
Pay Rate: Hourly: Negotiable
Job ID: 120606
Location: Toronto
Title: Tax Operations Analyst
Contract: 6 month
Location: Hybrid (Monday, Tuesday at 155 Wellington)
Overview:
Analyst will be expected to perform a number of critical Tax Operations functions related to the on-boarding of new and/or existing clients; local management of the collection, remittance and reporting of transactional and asset based taxes imposed by multiple jurisdictions.
Responsibilities:
• Ensure local compliance of tax obligations (compliance, advisory, planning) regarding the identification, tax treatment, withholding and reporting of transactional and operational taxes, particular to the Foreign Account Tax Compliance Act (FATCA), OECD Common Reporting Standards (CRS), Chapter 3/61, related Section Codes 305c, 302 etc, Hire Act (871m), Qualified Intermediary (QI), Financial Transactions Tax (FTT).
• Undertake day to day activities of the Toronto Tax Operations Team for the bank's CM business Units, which includes, but not limited to, Controls infrastructure; integration of Tax processes across various systems, departments and infrastructure.
• Work actively with the bank's Tax group to ensure that clients and entities are classified / certified correctly and that relevant documentation is completed to achieve appropriate taxation reportability classifications and withholdability rates.
• Establish and maintain controls surrounding the due diligence, withholding and reporting of Taxes, ensuring these are effectively managed and any risks are escalated in accordance with the bank's Risk and Compliance policies.
• Establish a best practice approach in ensuring that clients, counterparties and internal business partners receive appropriate attention and that all queries are responded to and resolved in a timely fashion.
• Ensure team, and related processes are kept up to date with changing tax regimes as they apply to the bank's CM businesses and clients.
• Assisting in the completion of audit preparedness planning and execution
• Develop reporting and ensure provision of weekly, monthly and annual KPIs and KRIs.
• Support all system testing and drive changes to improve process efficiency.
• Ensure procedures are regularly maintained and updated for all processes.
• Work to ensure that all projects raised internally or by the Operations Engineering Team are supported by the team and delivered to the best abilities of the team.
Must Have:
- Advanced Excel Knowledge
- Data entry experience
- Knowledge of Tax Regulations
Nice to Have:
- Previous banking exp
- Previous tax operations exp
Contract: 6 month
Location: Hybrid (Monday, Tuesday at 155 Wellington)
Overview:
Analyst will be expected to perform a number of critical Tax Operations functions related to the on-boarding of new and/or existing clients; local management of the collection, remittance and reporting of transactional and asset based taxes imposed by multiple jurisdictions.
Responsibilities:
• Ensure local compliance of tax obligations (compliance, advisory, planning) regarding the identification, tax treatment, withholding and reporting of transactional and operational taxes, particular to the Foreign Account Tax Compliance Act (FATCA), OECD Common Reporting Standards (CRS), Chapter 3/61, related Section Codes 305c, 302 etc, Hire Act (871m), Qualified Intermediary (QI), Financial Transactions Tax (FTT).
• Undertake day to day activities of the Toronto Tax Operations Team for the bank's CM business Units, which includes, but not limited to, Controls infrastructure; integration of Tax processes across various systems, departments and infrastructure.
• Work actively with the bank's Tax group to ensure that clients and entities are classified / certified correctly and that relevant documentation is completed to achieve appropriate taxation reportability classifications and withholdability rates.
• Establish and maintain controls surrounding the due diligence, withholding and reporting of Taxes, ensuring these are effectively managed and any risks are escalated in accordance with the bank's Risk and Compliance policies.
• Establish a best practice approach in ensuring that clients, counterparties and internal business partners receive appropriate attention and that all queries are responded to and resolved in a timely fashion.
• Ensure team, and related processes are kept up to date with changing tax regimes as they apply to the bank's CM businesses and clients.
• Assisting in the completion of audit preparedness planning and execution
• Develop reporting and ensure provision of weekly, monthly and annual KPIs and KRIs.
• Support all system testing and drive changes to improve process efficiency.
• Ensure procedures are regularly maintained and updated for all processes.
• Work to ensure that all projects raised internally or by the Operations Engineering Team are supported by the team and delivered to the best abilities of the team.
Must Have:
- Advanced Excel Knowledge
- Data entry experience
- Knowledge of Tax Regulations
Nice to Have:
- Previous banking exp
- Previous tax operations exp
