The Tax Analyst 1 is a trainee professional role. Requires a good knowledge of the range of processes, procedures and systems to be used in carrying out assigned tasks and a basic understanding of the underlying concepts and principles upon which the job is based. Good understanding of how the team interacts with others in accomplishing the objectives of the area. Makes evaluative judgements based on the analysis of factual information. They are expected to resolve problems by identifying and selecting solutions through the application of acquired technical experience and will be guided by precedents. Must be able to exchange information in a concise and logical way as well as be sensitive to audience diversity. Limited but direct impact on the business through the quality of the tasks/services provided. Impact of the job holder is restricted to own job.
Responsibilities:
- Responsible for the overall management of the tax liabilities, of Citi, both directly and in connection with transactions with clients, including the related compliance, financial reporting, planning and controversy processes.
- Contributes to the planning, accounting, filing and the reporting of tax liability of the company.
- Assists in determining and compiling information required to satisfy income tax filing and related requirements at all levels of jurisdiction.
- May participate in managing payments to tax authorities in compliance with specific tax regulations.
- Directs small to medium-sized Finance operational/administrative team(s) of clerical or junior professional employees.
- Advises on procedures and concepts in technical/subject area and integrates with others in accomplishing the goals of the sub function/ job family.
- Improves process efficiencies in harmony of unit focus.
- Uses conceptual/ practical grounding in applying policies to the business.
- Perform other duties and functions as assigned
- Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.
Qualifications:
- 2+ years of experience
Education:
- Bachelors degree
ROLE & RESPONSIBILITIES
Business/ Department
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 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
- FATCA and CRS operations – delivery of KPI & KRI’s and Information reporting 1042s,
1099, 8966 and CRS reporting
Day-to-Day Responsibilities:
- Support FRSS Service Delivery / Engagement model with client constituency and other
key stakeholders
- Identify and participate in process reengineering & redesign to achieve better controls,
compliance and efficiency
- Support 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 IRS
Or Citi's IA.
- Ensure tight controls over owned processes to include key controls and COB
- Review, validate and process W-8 and W-9 tax forms and related documentation
according to IRS Chapter 3, chapter 61, FATCA regulations besides CRS.
- Support Technology projects from a technical tax perspective
- Contribute towards departmental requirement to adhere to strict regulatory and
Compliance requirements, per IRS and Citi policy.
- Perform reviews of written tax policy and procedures, research and respond to
inquiries from operational areas
- Handle Tax reporting for US and Non US legislations.
Financial/ Budgetary:
No
Individual Contributor (IC)/Managerial
IC
Key Deliverables:
1.FATCA/CRS reconciliation and reporting
2.1042s/1099 reconciliation and reporting
3. Project Related delivery
Percentage of Travel:
No Yes, 10% of the Time Yes, 25% of the Time
Yes, 50% of the Time Yes, 75% of the Time Yes, 100% of the Time
Relocation:
No
Other:
QUALIFICATIONS
Required
Preferred
Education:
The ideal candidate will have a BCOM/CA/MBA/ Other Finance Masters and 2- 3 years relevant work experience in Tax operations or related discipline
Masters
Experience:
Bank/Financial Institutions knowledge: products, services, IRS regulations, Tax Operations
Certifications:
NA
CA, CPA or an equivalent Tax qualification preferred
Skills:
- 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 preferred
Other:
- Strong MS Office skills particularly Excel
- Quick learner with excellent communication skills, team orientation, and ability to work with counterparts in different areas of organization
VBA, Knowledge of Macro’s read and write
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Job Family Group: Finance------------------------------------------------------
Job Family:Tax------------------------------------------------------
Time Type:Full time------------------------------------------------------
Most Relevant Skills Assessment, Credible Challenge, Financial Acumen, Management Reporting, Risk Management.------------------------------------------------------
Other Relevant Skills For complementary skills, please see above and/or contact the recruiter.------------------------------------------------------
Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.
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 review Accessibility at Citi.
View Citi’s EEO Policy Statement and the Know Your Rights poster.
Skills Required
- Bachelor’s degree
- 2+ years of experience
- 2–3 years of relevant experience in tax operations or a related discipline
- Basic understanding of IRS Forms W-8 and W-9, information reporting rules, FATCA, and CRS
- Strong Microsoft Office skills, particularly Excel
- Excellent communication skills and ability to work with counterparts across organizational areas
- Team-oriented approach and ability to learn quickly
- Knowledge of banking or financial institution products, services, IRS regulations, and tax operations
- Ability to support process change and act as a change agent
- VBA and ability to read and write macros
- BCOM, CA, MBA, or another finance master’s degree
- Master’s degree
- CA, CPA, or equivalent tax qualification
- Project management experience
Citi Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Citi and has not been reviewed or approved by Citi.
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Healthcare Strength — Benefits coverage is positioned as comprehensive, including health, dental, and vision insurance plus on-site clinics, prescription drug support, and disability coverage. Family-building support such as fertility assistance is described as a notable differentiator within the overall package.
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Retirement Support — Retirement benefits are framed as strong, highlighted by a 401(k) with matching and additional plan options like a Roth 401(k). Financial support is reinforced through discounts and broader financial guidance resources tied to the benefits ecosystem.
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Wellbeing & Lifestyle Benefits — Wellbeing support extends beyond insurance through programs like an Employee Assistance Program, counseling/legal resources, and gym or wellness reimbursement. These offerings increase the perceived total rewards value even when cash compensation sentiment varies by role.
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