Citi Wealth, Client Tax Operations, Assistant Vice President at Citi

Chennai, tamil nadu, India -

Full Time

Start Date

Immediate

Expiry Date

12 Aug, 26

Salary

0.0

Posted On

14 May, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Tax Operations, FATCA, CRS, IRS Chapters 3 4 and 61, W-8/W-9 Documentation, Withholding Tax, 1099 and 1042-S Reporting, Process Improvement, Root Cause Analysis, Regulatory Compliance, Wealth Management, Data Analysis, Business Requirements Drafting, Client Servicing, Risk Management, Financial Reporting

Industry

Financial Services

Description

The Sec & Derivatives Sr Analyst is an intermediate level position responsible for processing orders and transactions originating from trading desks and branch offices in coordination with the Operations - Transaction Services team. The overall objective of this role is to facilitate the clearance, settlement and investigation of client securities and derivatives transactions. Responsibilities: Resolve complex process problems which require an in-depth evaluation of basic securities processing procedures and industry standards Process various hedge fund tasks, including calculating net asset value, reconciling cash and holdings, and pricing securities Offer advanced solutions for assigned securities processing areas Provide guidance and assistance to junior staff Oversee the set-up of new hedge funds, while representing a securities processing team, and acting as the analytical and procedural expert Serve as analytical or procedural expert for securities processing deliverables/initiatives Prepare expense budgets, analyze expense calculations, and prepare unaudited financial statements Ascertain fund value and allocate values to each investor Assist with the development of new techniques and streamlining hedge fund/securities processing activities Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency. Recommended Qualifications: 5-8 years of relevant experience Consistently demonstrates clear and concise written and verbal communication skills Education: Bachelor’s Degree/University degree or equivalent experience This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required. Job Description: The Assistant Vice President, Client Tax Operations is a high-impact individual contributor within Citi Wealth, operating at the intersection of tax regulation, client experience, and operational execution. This role serves as a key tax subject matter resource supporting Citi Wealth, bridging Enterprise Tax Operations and Wealth Client Services to ensure accurate, timely, and well-governed tax outcomes for UHNW clients. The position focuses on hands-on execution, issue resolution, and process enhancement across global tax regulatory regimes, including FATCA, CRS, CARF, IRS Chapters 3, 4, and 61, tax documentation, NRA and backup withholding, and information reporting (1099 and 1042-S). Success in this role requires strong technical tax knowledge, attention to detail, and the ability to translate regulatory requirements into effective operational processes, while proactively identifying improvements that enhance control integrity, scalability, and client experience. Key Responsibilities: Tax SME Support & Advisory Act as a subject matter resource across core tax regimes (FATCA, CRS, CARF, IRS Chapters 3, 4, and 61), including W-8/W-9 documentation, withholding, and reporting requirements. Support Wealth Client Services, Operations, and partners (Risk, Compliance, Legal) in addressing client inquiries, documentation matters, and tax-related issues. Assist in interpreting regulatory requirements and translating them into clear, actionable operational guidance. Operations Execution & Process Improvement Execute and support day-to-day (“run the bank”) tax operations oversight, including monitoring documentation, withholding, and reporting outcomes performed by Enterprise Tax Operations and third-party vendors. Perform detailed analysis of exceptions (e.g., undocumented accounts, expiring forms, invalid TINs) and drive timely resolution. Identify process gaps, inefficiencies, and control weaknesses; develop and implement practical, scalable improvements. Draft business and functional requirements to support process enhancements, system changes, and control design. Support delivery readiness for key tax events (e.g., year-end reporting cycles) through disciplined execution and issue tracking. Issue Management & Remediation Perform root cause analysis on operational issues, partnering with stakeholders to implement durable corrective actions. Track and manage issues through resolution, ensuring appropriate documentation, escalation, and governance. Support remediation efforts related to regulatory change, audit findings, or data quality concerns. Regulatory Change Support Assist in assessing the impact of new and evolving tax regulations on Wealth operations. Support gap analysis across processes, systems, and data, and contribute to implementation efforts. Help translate regulatory requirements into operational procedures, system logic, and control enhancements. Data, Controls & Governance Utilize data and reporting to monitor operational performance, identify trends, and highlight emerging risks. Support data quality initiatives, including validation, reconciliation, and control execution. Contribute to strengthening data lineage transparency and process documentation. Ensure adherence to internal policies, regulatory requirements, and control standards. Cross-Functional Collaboration Partner closely with Operations, Technology, Data, Risk, Compliance, and Client Service teams to drive aligned outcomes. Contribute to working groups and initiatives focused on operational efficiency, risk reduction, and client experience improvements. Qualifications: Bachelor’s degree in Accounting, Finance, Business, or related field. 4–7 years of relevant experience in tax operations, financial services, or a highly regulated environment. Working knowledge of: IRS Chapters 3, 4, and 61 FATCA, CRS (CARF familiarity a plus) W-8 / W-9 documentation FATCA, NRA and backup withholding 1099 and 1042-S reporting Demonstrated ability to perform detailed analysis, manage issues, and execute process improvements. Strong written and verbal communication skills, with the ability to clearly articulate technical concepts. Exposure to wealth management or UHNW client servicing environments. Experience drafting business requirements and supporting system or process enhancements. Familiarity with tax reporting platforms, withholding systems, or data workflows. Analytical mindset with experience leveraging data to identify trends and drive decisions. ------------------------------------------------------ Job Family Group: Operations - Transaction Services ------------------------------------------------------ Job Family: Securities and Derivatives Processing ------------------------------------------------------ Time Type: Full time ------------------------------------------------------ Most Relevant Skills Please see the requirements listed above. ------------------------------------------------------ Other Relevant Skills For complementary skills, please see above and/or contact the recruiter. ------------------------------------------------------ Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi. View Citi’s EEO Policy Statement and the Know Your Rights poster.

Responsibilities

Acts as a tax subject matter expert for UHNW clients, ensuring compliance with global tax regulatory regimes and accurate information reporting. Responsible for executing day-to-day tax operations, resolving complex documentation issues, and driving process enhancements to improve control integrity.