Analyst Tax Operations (VM-JS)

Job description

REPORT TO

Head of U.S. Tax Operations

MISSION AND OBJECTIVES

The US Tax Operations Group is responsible for establishing operational procedures and controls to comply with IRS regulations regarding US information reporting (i.e. 1099 reporting for US investors, and 1042-S reporting for non-US investors receiving US sourced income). Tax Operations is responsible for maintaining client tax documentation, such as IRS series W-8 forms and forms W-9, withholding and remitting taxes to the IRS, and generating 1099 and 1042-S reporting to clients and the US Internal Revenue Service. The group collaborates with BNP Paribas Corporate Tax to assess the impact of new tax legislation, and engages with cross-functional resources to develop plans to respond and/or comply with new regulations. To the extent a new business process must designed, Tax Operations develops business requirements and ensures that IT and operational procedures are enhanced to support new regulations. In addition, Tax Operations supports cost basis transfer reporting and the processing of corporate action events such as mergers, tenders, and spin-off.

MAIN RESPONSIBILITIES

• Solicitation of tax document recertification

• Review and validation of submitted tax documents from clients and counterparties

• Loading client tax documents into proprietary software, as well as processing updates related to client static data within the system

• Monitor on-boarding to ensure that valid tax documents are received

• Reviewing assets both being transferred in and out BNPP, to determine if there is a need to provide or receive cost basis transfer statements (CBRS) , for updating the cost basis tracking system with the client's basis information

• Validation of data detailed on incoming transfer statements from external financial institutions

• Assist with the completion of requested transfer statement details

• Assist with review of all transfer bookings between books and records vs cost basis engine

Desired profile

Qualifications :

TRAINING AND OCCUPATIONAL EXPERIENCE

• BA required

• High proficiency in standard Microsoft applications, including MS Word and MS Excel

• Strong verbal and written communications skills

• Strong communication, analytical and organizational skills

• Proactive, motivated and willing to absorb new functions and concepts

• Quick learner, taking detailed notes as references

ESSENTIAL SPECIFIC REQUIREMENTS

• Office work experience

• Solutions oriented thinker who is able to generate creative ideas

• Effective analytical, organizational, and problem resolutions skills

• Proven ability to act under pressure and tight deadlines

• Teamwork oriented, motivated and willing to absorb new concepts

• Ability to perform multiple tasks and meet established deadlines in a fast environment with minimal supervision

FINRA Registrations Required:

N/A



A recruitment policy that promotes equity and diversity:

Equity and diversity are at the core of our recruitment policy because we believe that they foster creativity and efficiency which in turn increase performance and productivity. We strive to reflect the society we live in, while keeping with the image of our clients.

We pride ourselves in applying non-discrimination rules to all our recruitments.

We will only contact the candidates selected who meet the job requirements in terms of training and experience.

About BNP Paribas

BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 73 countries, with more than 195,000 employees, including more than 148,000 in Europe. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.

About BNP Paribas Corporate and Institutional Banking

Fully integrated in the BNP Paribas Group, BNP Paribas Corporate and Institutional Banking (CIB) is a leading provider of solutions to two client franchises: corporates and institutionals, and operates across EMEA (Europe Middle East Africa), APAC (Asia Pacific) and the Americas. The bank is a global leader in Debt Capital Markets and Derivatives. It is a top European house in Equity Capital Markets and it has leading franchises in Specialized Financing. In Securities Services, it is a top five House worldwide. BNP Paribas CIB strives to service the global economy by providing solutions to its clients in financing (ECM, DCM, specialized financing), flow banking (trade finance and cash management), financial advisory (M&A, project finance), global markets (interest rates, credit, foreign exchange, equity derivatives), risk management, and securities services.

About BNP Paribas in Canada

In Canada, BNP Paribas is one of the dominant foreign banks in the country and is committed to building its platform even further. Since becoming the operational hub for the Group's activities in North America in 2013, it has grown significantly to reach more than 700 employees and is expected to continue growing in the coming years. With the continued development of technology and financial fields, BNP Paribas Canada continues to attract experts with diverse backgrounds as well as young and ambitious talent from across the globe. With the international mobility and capacity that very few companies can offer, BNP Paribas prides itself in providing a superior foundation for building a professional career - a place for people to learn, to achieve and grow.