Tax Operations Team Lead - Banking Operations Jersey City Tax Operations Team Lead - Banking Operations  …

in Jersey City, NJ, United States
Permanent, Full time
Last application, 07 Jan 20
in Jersey City, NJ, United States
Permanent, Full time
Last application, 07 Jan 20
Tax Operations Team Lead - Banking Operations Jersey City
The Tax On-Boarding Team is a dynamic team of industry professionals who work collaboratively with senior management, sales teams, legal, and risk to facilitate Societe Generale's new business pipeline. The team leverages their expertise, experience, technology, and relationships across the firm to manage the tax and regulatory components of the client on-boarding process.

Day-to-Day Responsibilities:
  • Manage the tax onboarding team (onshore & offshore) tasked with reviewing documentation received for new customers and ensure accuracy from a FATCA, CRS, DFA and French Banking Law (FBL) perspective.
  • Identify situations that could arise which indicate U.S indicia or inconsistencies between the KYC documents received and the W-8 form.
  • Identify Changes in circumstances on existing accounts in accordance with requirements under the Internal Revenue Code
  • Tax form validation
  • Perform surveillance by reviewing exception reports and perform periodic reasonableness checks of W-8 forms
  • Review tax forms for expiration; coordinate with internal counterparts to obtain updated forms
  • Review monthly GIIN List from IRS versus our customer master data
  • Create and provide periodic statistical information status reports relative to FATCA and other Tax Withholding /Reporting relative to other Internal Revenue Code Chapters

  • Profile Required

  • Solid financial and credit analytical skills
  • Strong interpersonal and written and verbal communication skills
  • Strong problem solving and organizational skills, ability to prioritize and multitask.
  • Ability to examine processes and procedures, experience with Process Re-engineering, Re-design and Process Automation
  • Advanced Microsoft Excel Skills
  • Proactive
  • Ability to work in a dynamic, deadline-focused environment
  • Team player
  • Ability to work independently

  • Technical Skills:
  • Understanding of U.S. tax information withholding & reporting requirements applicable to products issued by CIB business, to U.S. Persons and non-U.S. Persons
  • Ability to interact with all levels of internal customers and senior management
  • Knowledge of FATCA, CRS, DFA regulations, inter-governmental agreements and associated reporting requirements
  • Understanding and working knowledge of IRS Forms W-9 and W-8 and their associated requirements; Forms 1098, 1099 series, and 1042-S; Forms 945 and 1042
  • Well-versed in recent regulatory changes, e.g. Dodd Frank, 871M, CRS and FATCA
  • Liaison with Corporate Tax for complex tax inquiries and policy requirements

  • Desired / Plus:
  • Project Management experience
  • Polished presentation skills

  • Qualifications:
  • Minimum 7 years banking/finance experience
  • Minimum 3 years of management experience

  • Educational Requirements:
  • Bachelor's Degree
  • Desired / Plus:MBA


    Manage a team of tax specialists ensuring adherence to tax and regulatory directives

    Why Join Us

    At Societe Generale, we live by our 4 core values of commitment, responsibility, team spirit and innovation. We are engaged and demonstrate consideration for others. We act ethically and with courage. We focus our talent and energy on collective success. We experiment and propose new ideas. This way, we maximize our ability to serve client needs and anticipate market changes. Societe Generale is committed to strengthening bonds with colleagues, communities and the world in which we live, because relationships are at the heart of how we operate.

    Business Insight

    The Client Lifecycle & Digitalization Department (CLD) ensures the operational processing and control of activity across all Global Banking and Investor Solutions (GBIS) business lines (Capital Markets, ex-Newedge & Financing). CLD implements all necessary means to ensure the operational, administrative and financial processing of capital markets and credit operations initiated by these business lines. In addition, CLD ensures the control and security of transaction processing in accordance with current financial regulations while acting as the first level of control on operations and booking quality. CLD provide all necessary support during the lifecycle of the transaction, perform Know Your Customer processing and provide general client relationship management. CLD also acts to steer the evolution of regulatory projects and controls our external service providers.

    We are an equal opportunities employer and we are proud to make diversity a strength for our company. Societe Generale is committed to recognizing and promoting all talents, regardless of their beliefs, age, disability, parental status, ethnic origin, nationality, sexual or gender identity, sexual orientation, membership of a political, religious, trade union or minority organisation, or any other characteristic that could be subject to discrimination.

    Job code: 19000QHX
    Business unit: SG Americas Securities
    Starting date: Immediate
    Date of publication: 24/11/2019