Tax Support, Associate 2 (a2)

Year    Hyderabad, Telangana, India

Job Description


Job Title - Tax Support-1099B/FATCA/CRS, Associate 2 (A2) Who we are looking for State Street\xe2\x80\x99s Global Markets division (SSGM) is looking for a candidate with 2 to 4 years of experience in Tax-1099B/FATCA/CRS. Knowledge of the US Tax Forms (W-8 BENE, W-8 IMY, W-8 EXP and W-9) and the US and Foreign Tax regulatory requirements would be an added advantage. Why this role is important to us The team that you will be joining is a part of SSGM\xe2\x80\x99s Client Service Solutions focused on servicing Sales and Trading clients. When owners and managers of institutional assets need research, trading, securities lending and innovative portfolio strategies, they turn to SSGM business unit. As our investment research and trading arm, SSGM\xe2\x80\x99s number one goal is to enhance and preserve our clients\xe2\x80\x99 portfolio values by applying technology, optimizing trading, and linking asset classes and markets across the world. What you will be responsible for

  • Gather and validate tax forms and tax related documents to comply with the US and Foreign Tax Regulatory requirements (1099B, FATCA and CRS)
  • Review and validate trading counterparties to confirm their tax status
  • Update relevant data in in-house systems
  • Support the tax form validation process
  • Perform tax processing functions
  • Monitor current status of the tax document portfolio
  • Generate Tax Filing reports in a timely manner and report all the accounts that are subjected to 1099B, FATCA and CRS to IRS
  • Liaise with internal teams, clients, onboarding and operations when the required tax documents/information are not available at the time of onboarding the accounts
  • Respond to queries regarding the status of specific requests or new clients in a timely manner
  • Track and monitor potential issues and delays
  • Resolve and escalate issues proactively and in a timely manner
  • Demonstrate a high standard of care while examining data in Trading Agreements (ISDA), CSA and Tax Forms and updating the account details in in-house database
  • Maintain and continuously develop knowledge around core products of business unit and key applications in use by the business unit
What we value Skills & Knowledge
  • Prior Tax-1099B/FATCA/CRS experience would be a plus
  • Excellent communication skills in oral and written forms
  • Strong team player
  • Strong ability to multi-task and work under pressure
  • Strong problem-solving skills and "can do" attitude
  • Strong organizational skills
  • Ability to identify and appropriately escalate issues and risks
  • Perform work independently on specific assignments
  • Strong attention to detail
  • An ability to apply lessons learnt to future work
  • The desire to see an issue through to completion
  • The desire to play a part in issue resolution
  • Pride in one\xe2\x80\x99s personal work and an understanding of how it impacts the organization
Education & Preferred Qualifications
  • M.Com/MBA in Finance
Additional requirements
  • Experience: 2 to 4 years of experience in Tax (FATCA/1099B) Domain
  • Shift Timings: 3 PM to 12 AM IST
  • Work Location: Hyderabad
About State Street What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we\xe2\x80\x99re making our mark on the financial services industry. For more than two centuries, we\xe2\x80\x99ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients. Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You\xe2\x80\x99ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential. Inclusion, Diversity and Social Responsibility. We truly believe our employees\xe2\x80\x99 diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you. State Street is an equal opportunity and affirmative action employer. Discover more at StateStreet.com/careers

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Job Detail

  • Job Id
    JD2978245
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Hyderabad, Telangana, India
  • Education
    Not mentioned
  • Experience
    Year