Associate – Withholding Tax Reclaim

Tower Research Capital is a leading quantitative trading firm founded in 1998. Tower has built its business on a high-performance platform and independent trading teams. We have a 25+ year track record of innovation and a reputation for discovering unique market opportunities.

Tower is home to some of the world’s best systematic trading and engineering talent. We empower portfolio managers to build their teams and strategies independently while providing the economies of scale that come from a large, global organization. 

Engineers thrive at Tower while developing electronic trading infrastructure at a world class level. Our engineers solve challenging problems in the realms of low-latency programming, FPGA technology, hardware acceleration and machine learning. Our ongoing investment in top engineering talent and technology ensures our platform remains unmatched in terms of functionality, scalability and performance.

At Tower, every employee plays a role in our success. Our Business Support teams are essential to building and maintaining the platform that powers everything we do — combining market access, data, compute, and research infrastructure with risk management, compliance, and a full suite of business services. Our Business Support teams enable our trading and engineering teams to perform at their best.

At Tower, employees will find a stimulating, results-oriented environment where highly intelligent and motivated colleagues inspire each other to reach their greatest potential.

Responsibilities:

• Candidate with hands-on experience in the international taxation domain will be preferred
• Liaising with Tax authorities, Prime Brokers, Custodians and Tax Agencies to reclaim due withholding taxes in a timely manner and follow up regularly with the stakeholders involved
• Coordinating with internal Tower teams to accrue, post and clear reclaim amounts across systems
• Managing large datasets, multiple files with solid analytical skills
• Identifying areas of improvement, scope requirements and assist in implementation of automation and create process guidelines for tax reclaims at Tower
• Performing Daily reconciliation of internal data to participating brokers via position, trades, cash, NAV, and fees
• Investigating of breaks raised by trading desks, other departments, and counterparties

Qualifications:

• Master’s degree in management, tax, engineering, finance or economics
• 1 to 3 years’ experience in a tax department with a focus on operational taxes, withholding tax reclaims, tax reporting, etc.
• High level MSOffice Excel knowledge is a must: Look-ups, Pivot Tables, and Conditional Statements
• Desire for fast-paced environment and “to wear multiple hats”
• Fundamental awareness of global markets, preference to candidates with prior experience/knowledge of global securities at a trading firm dealing with multiple asset classes

Benefits:

Tower’s headquarters are in the historic Equitable Building, right in the heart of NYC’s Financial District and our impact is global, with over a dozen offices around the world.

At Tower, we believe work should be both challenging and enjoyable. That is why we foster a culture where smart, driven people thrive – without the egos. Our open concept workplace, casual dress code, and well-stocked kitchens reflect the value we place on a friendly, collaborative environment where everyone is respected, and great ideas win.

Our benefits include:

• Generous paid time off policies
• Savings plans and other financial wellness tools available in each region
• Hybrid working opportunities
• Free breakfast, lunch and snacks daily
• In-office wellness experiences and reimbursement for select wellness expenses (e.g., gym, personal training and more)
• Volunteer opportunities and charitable giving
• Social events, happy hours, treats and celebrations throughout the year
• Workshops and continuous learning opportunities

At Tower, you’ll find a collaborative and welcoming culture, a diverse team and a workplace that values both performance and enjoyment. No unnecessary hierarchy. No ego. Just great people doing great work – together.

Tower Research Capital is an equal opportunity employer.