As a Director – Tax Senior Group Manager on Citi’s Tax Information Reporting (TIR) Advisory team, you will be responsible for reviewing, analyzing, and interpreting IRS, Treasury, and Local Tax Authorities

regulations. You will also monitor new products for potential implications to the firm, conduct research, and respond to inquiries from various business lines and provide guidance and governance on matters related the Foreign Account Tax Compliance Act (FATCA), Common Reporting Standard (CRS), Crypto Assert Reporting Framework (CARF), Qualified Intermediary (QI), and general U.S. tax information reporting and withholding.

The TIR Advisory Team within the Citi’s Corporate Tax organization supports the advisory and tax technical guidance in partnership with multiple segments such as Compliance, Operations, Technology, Risk, Audit, and key business stakeholders at all levels of management.

This role reports into the Head of Business Tax Advisory & Controls.
 

Responsibilities:

• Review, analyze and interpret new IRS information reporting and withholding tax guidance (e.g., laws, rules, & regulations), as well as new FATCA and CRS guidance, and partner with designated lines of business to determine the impact of such guidance on their products and procedures.

• Produce guidance memorandums to clarify tax treatment for certain products, activities, & transactions.

• Meet with business and operations areas on a regular basis to ensure a continued understanding of the Tax Information Reporting & Withholding requirements.

• Provide governance for the global QI periodic review certification across all of Citi’s QIs and Qualified Derivative Dealers (QDD) and the annual FATCA Compliance review.

• Research and respond to internal day-to-day questions from lines of businesses (e.g., questions regarding tax documentation, client types, payment source and character, requirements related to complex transactions and structures, etc.)

• Review and comment on language contained in new product approval documents to ensure requirements are accurate.

• Provide guidance to the lines of business on year-end tax reporting with respect to FATCA, CRS, Qualified Intermediary, Forms 1099, 1098, 1042-S filings.

• Maintain and update the firmwide FATCA Responsible Officer Certification Compliance Policy, the TIR Advisory Manager Control Assessments, and quarterly risk reporting obligations.

• Manage engagements with third party service providers (e.g., Big Four consultants) that support TIR Advisory

• Attend and participate in industry working groups, conferences, and committees.

• Prepare and present trainings.

Qualifications:

• At least 7-10 years of relevant information reporting and withholding tax advisory experience.

• Demonstrate an extensive tax technical knowledge specifically, Ch. 3, Ch. 4, Ch. 61, 871(m), 302(b), 305(c), 1446(a) & (f) and corresponding regulations, as well as a specialized understanding of the front to back processes for withholding, remittance, and reporting.

• Self-motivated, highly adaptive, detail oriented, and demonstrated ability to work in a dynamic, fast-paced environment while still maintaining diligence and accuracy.

• Strong presentation skills with the ability to articulate complex problems and solutions through concise and clear messaging with people at all levels of the organization.

• Ability to quickly grasp and explain complex business transactions/products.

• Ability to summarize complex regulations into terms easily understood by non-tax professionals.

• Ability to build positive relationships with the lines of business and tax operations teams.

• Ability to work independently and oversee multiple deliverables.

• Drives culture of innovation, diversity, and proactiveness

Education:

• Bachelor’s/University degree, Master’s or JD degree preferred.

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Job Family Group:

Finance

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Job Family:

Tax

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Time Type:

Full time

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Primary Location:

Long Island City New York United States

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Primary Location Full Time Salary Range:

$170,000.00 - $300,000.00

In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.

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Anticipated Posting Close Date:

Feb 14, 2025

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Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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