Citi Tax Documentation Senior Processor (FTC 10 Mths) in Dublin, Ireland
Primary Location: Ireland,Leinster,Dublin
Education: High School Diploma/GED
Job Function: Transaction Processing
Shift: Day Job
Employee Status: Regular
Travel Time: No
Job ID: 18023984
Citi has had a presence in Ireland since 1965 and was one of the first foreign banks to open an office here. As the No.1 Corporate and Investment bank in Ireland, Citi led all of the major financing for aviation leasing clients in 2016 in Ireland, which is a global aviation leasing hub. Citibank Europe has been Head Quartered in Dublin since January 2016 and is Citi’s single EU-passported bank, with operations in 21 countries across the EMEA region and is regulated by the European Central Bank with a long-term rating “A” by all three primary Rating Agencies. The businesses covered by Citibank Europe include Markets and Securities Services, Corporate Banking, Trade and Treasury Solutions, Private Banking and Consumer. As of 2016, Citibank Europe has a net income of US$852 million, over 9,000 employees and more than 60% of these working in the Citi Service Centres.
Dublin Asset Servicing is responsible for the accurate and timely processing a range of different corporate event types across multiple markets. The department interfaces directly with the local market entities including depositary, counterparts and regulators as well as other Citi lines of business, internal and external clients. The Citi Asset Servicing department is a varied, fast paced, challenging and enjoyable place to work which has something for everyone. There are a number of career paths you can choose and the opportunity’s for progression are endless, whether you want to be a people manager, a processor or an individual contributor - you can do it all here.
The Tax department’s purpose is to ensure that clients receive the most advantageous withholding tax rates possible on their cross border income under the network of double taxation treaties (DTTs). The available benefit provided is based upon the documentation the client provides to the Tax department, their domicile, entity type and the current GTS tax product offering.
The unit provides customer support and interacts on the client’s behalf with national tax authorities, local market custodians and other departments within ICG Operations. As the DTTs upon which the service are changed or revised, the unit must adjust processes and procedures to meet new market requirements on a regular basis.
The tax department is an Operations team that specialises in obtaining relief at source (RAS) and tax reclamation for Citi clients.
The documentation unit is responsible for the review and approval of client local accounts opened in investment markets, review and processing of client tax documentation, application of RAS in the local markets of investment, renewal of expired tax documents annually, and the implementation of any market changes relating to double taxation treaties.
Ensure client Tax documentation is processed within Department targets.
Through Maker/ Checker processing, record and update client structure and tax documentation static data within Citi Tax Suite systems.
Update and maintain documentation receipt logs to track application of all client tax documentation.
Review completion of Tax documentation received from clients to ensure accuracy against local market requirements.
Maintain market and regulatory control logs and records.
Liaise with Citi Agents and third party custodians to ensure application of correct beneficial tax rates for clients.
Attend regular meetings with seniors to discuss and provide updates against issue logs.
Take the lead in daily huddles and team meetings to discuss assigned work, client or market issues and procedural changes.
Experience and Skills:
Operations experience, preferably related to Tax, Income, Corporate Actions or Securities Funds Services.
Exceptional candidates who do not meet these criteria may be considered for the role provided they can demonstrate the necessary skills
· Ability to multi-task between job processes throughout the day.
· Process high volumes of work with excellent accuracy and attention to detail.
· Work well under pressure and meet strict deadlines.
· Strong investigation and reconciliations ability.
· Ability to work on own and as part of a team.
Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience.
Valuing Diversity: Demonstrates an appreciation of a diverse workforce. Appreciates differences in style or perspective and uses differences to add value to decisions or actions and organisational success.
Citi is an Equal Opportunities Employer