Job Description

Business Overview:

The North American GMO Controls & Regulatory Oversight ITO Tax Operations department is responsible for establishing operational procedures and controls to comply with IRS regulations regarding US information reporting (e.g. 1099 and 1042S reporting). In order to comply with the US tax code, ITO Tax Operations is responsible for: maintaining US tax documentation (W-8 series and W-9's); withholding and remitting taxes to the IRS; producing 1099 and 1042-S reporting for clients and counterparties; ensuring that form data is properly filed with the IRS. 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 is required, ITO Tax Operations develops business requirements and ensures local IT and operational procedures are enhanced to support new regulations. In addition, the ITO Tax Operations team supports cost basis transfer reporting and corporate action events in order to ensure accurate year end information reporting to our clients and counterparties.

Candidate Success Factors:

Candidates will be measured on the following four performance drivers which will dictate how individual impact is considered on the Americas platform:

* Results and Impact
* Leadership and Collaboration
* Client, Customer and Stakeholder Focus
* Compliance Culture and Conduct

Responsibilities

* Monitor client on-boarding and ensure that required tax documents are receive

* Validate tax forms using internal guidelines and IRS approved MD3 software

* Manage client data and update tax information in internal onboarding repository systems

* Assist with annual solicitation of expiring tax documents

* Tracking cost basis for US clients subject to 1099-B reporting for sales proceeds transactions

* Conduct security and transaction level analysis, providing feedback regarding taxability of income and corporate action events to BNP Paribas income and tax withholding teams

* Support development of technical business requirements and UAT of application enhancements

* Provide support for internal and external audits

* Correspond with internal BNP Paribas divisions such as Due Diligence, Client Onboarding, and Static Data to assist with resolving client inquires and concerns

* Adhere to regulatory changes by working with business and IT groups to enhance systems and procedures

* Assist with IRS tax withholding for weekly IRS deposits (i.e. 302, 304, 305-C, 871M)

* Assist with the preparation and filing of IRS extensions

* Provide operations support for the production of Forms 1099 and Forms 1042-S provided to clients and counterparties of BNP Paribas

* Investigate IRS notices and penalties, providing research used to draft responses submitted to the IRS

* Conduct daily review of third party sources to identify global financial market updates for prompt distribution to BNP Paribas clients and counterparties

* Support tax reclaims for client activity in foreign markets

BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to race, color, gender, age, creed, sex, religion, national origin, disability (physical or mental), marital status, citizenship, ancestry, sexual orientation, gender identity and gender expression, or any other legally protected status.

Minimum

Qualifications:

* BA required

* Proficient computer skills, particularly in the use of Microsoft Office Access, Excel and/or other business related software programs.

* Quick learner, taking detailed notes as references

* Driven by client needs and satisfaction

* Proactive, motivated and willing to absorb new concepts

* Detail oriented with strong analytical and problem solving skills

* Proven ability to act under pressure and tight deadlines

* Strong verbal and written communication skills

Preferred Qualifications:

* At least 2 years of tax information reporting, withholding, and tax documentation management experience in the financial services industry

* Strong knowledge and comprehension of Internal Revenue Codes Chapter 3, Chapter 4, and Chapter 61

* Knowledge of Broadridge systems/products such as BPS, TMS (Tax Managed Services) and TDS (Tax Data Solutions)

* Global Custody and foreign tax experience

* Familiarity using Acupay, DTCC EDS system, and Globe Tax

* Experience validating client tax docs (Forms W-8 series, Forms W-9), and updating back office static data and referential data systems

* Strong team player with well-developed written and verbal communication skills

* Control orientated

* Advanced Microsoft Excel experience and skills

* Ability to perform multiple tasks and meet established deadlines in a fast pace work environment with minimal supervision.

* Solutions oriented thinker who is able to generate creative ideas

* Effective analytical, organizational, and problem resolution skills

FINRA Registrations Required:

* Not Applicable

BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to race, color, gender, age, creed, sex, religion, national origin, disability (physical or mental), marital status, citizenship, ancestry, sexual orientation, gender identity and gender expression, or any other legally protected status.

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