Full-Time

Tax Operations Manager

VP

Posted on 1/15/2025

State Street

State Street

10,001+ employees

Asset management and custody banking services

Fintech
Financial Services

Compensation Overview

$120k - $187.5kAnnually

Senior, Expert

Company Historically Provides H1B Sponsorship

Boston, MA, USA

This job needs to be performed primarily in the office with some flex work opportunities available.

Category
Financial Accounting
Tax Accounting
Accounting
Required Skills
Risk Management
Excel/Numbers/Sheets

You match the following State Street's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • Minimum 7 to 10 years tax experience, preferably with an international focus and/or in a custody bank environment
  • Experience with multi-national financial institution and/or capital markets strongly preferred
  • Excellent risk management focus
  • Experience with the MS Office suite (Excel, Access) required
  • Strong time management, organizational, and communication skills
Responsibilities
  • Manage the overall functioning of the Tax Operations vertical within the FS tax team
  • Ensure all tax compliance requirements are satisfied, including the timely and accurate calculation and deposit of withholding tax, collection and validation of tax documentation, and furnishing of annual tax reporting, in accordance with applicable regulatory requirements
  • Prepare, sign, and file Financing Solutions-related tax and stamp duty returns
  • Maintain suite of internal controls, inclusive of procedures, policies, job aids, etc., to ensure a best-in-class tax operating environment that meets and exceeds risk excellence objectives
  • Review and approve/reject new client startups in accordance with product development and tax approvals. Research and answer client-related and counterparty-related tax inquiries
  • Consult with other members of the FS Tax team to resolve tax queries
  • Drive engagement with custody tax groups and other internal support teams to respond to queries from FS Operations, Trading and Relationship Management and to proactively manage operational tax risk across the FS product suite
  • Respond to requests and correspondence from the IRS and other tax authorities in coordination with the FS Tax Advisory team
  • Drive continuous process improvement and innovation throughout the tax compliance function to improve scalability, efficiency, and automation, and reduce overall tax compliance risk
  • Complete all tax-related audit requests
  • Participate as SME lead on ad-hoc regulatory, client, and business projects from a tax operations perspective
  • Collaborate and engage team members in collegial, respectful, and professional manner
  • Train and mentor junior staff
Desired Qualifications
  • MST/CPA desired but not required
  • Familiarity with tax preparation software (Convey) a plus
  • Tax technology experience a plus

State Street Corporation operates in the financial services industry, focusing on asset management and custody banking. It provides a variety of services to institutional investors, such as mutual funds and pension funds, through its division, State Street Global Advisors, which manages investment portfolios and offers advisory services. The company serves a wide range of clients, including corporations, governments, and non-profit organizations, and utilizes its global network to deliver customized financial solutions. State Street generates revenue from management fees for overseeing client assets, transaction fees from trading, and service fees for custody and administration. Additionally, it is recognized for its commitment to leadership and diversity, promoting a workplace culture that supports innovation and inclusion.

Company Stage

IPO

Total Funding

N/A

Headquarters

Boston, Massachusetts

Founded

1792

Simplify Jobs

Simplify's Take

What believers are saying

  • Growing demand for ESG investing boosts State Street's asset management division.
  • Digital asset trends create new opportunities for State Street's custody services.
  • Passive investing growth allows State Street Global Advisors to expand ETF offerings.

What critics are saying

  • Increased competition from BlackRock and Vanguard threatens State Street's market share.
  • Interim CFO appointment may cause instability in financial leadership.
  • Investments in volatile biotech stocks expose State Street to financial risk.

What makes State Street unique

  • State Street excels in integrating ESG factors into investment strategies.
  • The company is a leader in secure digital asset custody services.
  • State Street leverages advanced data analytics to enhance financial services.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Flexible Work Hours

Remote Work Options

Professional Development Budget

Tuition Reimbursement

Paid Holidays

Employee Referral Bonus

INACTIVE