Vice President - Tax Reporting - FATCA/CRS

Vice President - Tax Reporting - FATCA/CRS

Global Banking Group, Mumbai

- Responsible for in-scope processes related to multiple lines of business within the centralized Tax Information Reporting function in FRSS.

- This position supports compliance with the 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 provide tax technical guidance to the team and develop and enhance the teams product knowledge.

- This is an Operations manager role within the tax information reporting and managing various processes covering Tax form validation, Pre-FATCA reporting, CRS across businesses and is expected to manage the Service delivery of the businesses.

- Manage the tax information reporting operations.

- Enhance Tax Information Reporting capabilities in Mumbai in partnership with the GPL / RPL

- Ensure strong controls are put in place from and Operations and Audit perspective, ensure satisfactory results for any process reviews done internally or by the Stakeholders. Self-identification of the risks (if any) and remedial and preventive plan.

- Act as a tax / information reporting specialist to execute the FATCA 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

- Ensure adherence to KPI's and KRI's for the team

- Support the process improvements / reengineering initiatives.

- Periodic process and documentation review.

The ideal candidate will have a BCOM/CA/MBA/ Other Finance Masters and 12+ years- work experience and relevant experience of 4+ years in Tax information reporting - (US FATCA / CRS) and regulatory reporting or related discipline