Many of the previous candidates are attorneys or have MBAs; they would likely be better suited for a corporate tax role, as this role has more administrative qualities that may not be a fit for a CPA or attorney.
We are looking for closer to 1-3 years of experience
Brokerage Tax and Client Reporting Operations (TCRO) is a cross-divisional operational utility that supports Wealth Management as well as Institutional lines of business. Operations Tax Compliance (OTC), a division of TCRO, is responsible for ensuring compliance with IRS & State Regulations related to US tax withholding, reporting, and filing obligations across Brokerage's Retail and Institutional-based clients and legal entities.
OTC works closely with senior Business Unit representatives and Financial Advisors, providing an in-depth client service role to ensure that all tax-related inquiries are addressed on a timely basis.
OTC is also responsible for managing the firm's global FATCA, Qualified Intermediary (QI) and Qualified Derivatives Dealer (QDD) Compliance Program.
OTC is seeking an individual to assist and support the firm's global Legal Entity Management function.
Responsibilities include monitoring and maintaining Brokerage legal entity information relevant to the information reporting and withholding regime under IRS chapters 3 (non-resident alien withholding and reporting), 4 (FATCA), and 61(domestic reporting) as well as legal entity management requirements under the Qualified Intermediary (QI) agreement.
The successful candidate will have a strong risk, regulatory and compliance mindset as well as experience with legal entity management.
The candidate must demonstrate the ability to learn and understand tax regulations and facilitate the necessary operational processes and governance in order to ensure compliance.
The successful candidate will have the ability to operate across a number of functional areas at the firm, including operations, technology, risk, and tax.
" Supports and refines our legal entity tax form distribution and tracking process (Forms W-8, W-9, Self-Certification, etc.)
" Monitors, updates, and enhances the existing legal entity management function to ensure it runs efficiently and in compliance with relevant regulations (existing and new), including the maintenance of desktop procedures
" Identifies gaps and risks with current operating procedures, processes, and controls
" Develops and gathers metrics for senior managers within TCRO
" Organizes periodic internal reviews of compliance with regulatory requirements
" Monitors and maintains Brokerage's legal entity list, including its FFI and QI list
" MS legal entity tax form creation and dissemination
" Monitor for new MS legal entity creation and changes to existing MS entities
" Perform FATCA FFI review/reconciliation
" Perform MS QI/QDD legal entity review
" Register or deregister MS legal entities in the IRS FATCA/QI portal
" Respond to requests for MS legal entity address/name changes in the IRS FATCA/QI portal
" Perform the triennial MS legal entity renewals for certain MS legal entities in the IRS portal
" Gather MS legal entity information to classify for FATCA purposes
" Reconcile MS legal entities for IGA Reporting
Skills & Experience
" Bachelor's degree
" 1-3 years of experience
" Experience in legal entity management experience in the financial services industry preferred
" Experience with regulatory reporting, registration and monitoring preferred
" Operations/controllers experience preferred
" Critical attention to detail and meeting deadlines
" Excellent verbal and written communication skills
" Good analytical and problem solving skills
" Ability to conduct themselves effectively with senior management
" Advanced MS Office skills, including MS PowerPoint
" Tax knowledge a plus (not looking for CPA)
Princeton Information is one of the nation's top five privately-held IT consulting firms, in business since 1985. Princeton Information services a clientele of primarily Fortune 500 companies nationwide. With annual revenues over $120 million, Princeton Information operates across the US from multiple regional offices.
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As a privately held company, Princeton Information is solely committed to the success of clients and consultants - not to any shareholders. PI's success is grounded in the relationships we build with our consultants. We seek the best people; provide career path counseling; as well as the most challenging opportunities in business and in IT. As part of its culture of loyalty and commitment to its consultants, Princeton Information is committed to doing all we can to ensure our consultants have the best possible search, placement and work experience possible.
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