FRO - TIR - Manager - Assurance and Compliance


Company Type

About (FRO- Tax Information Reporting):


Finance and Risk Operations (FRO) is a part of Citi Shared Services (CSS), and is responsible for delivering Financial, Regulatory and Risk Reporting solutions to all of Citi businesses and regions.


As part of its growth strategy, FRO is actively working with Finance and Risk organizations to deliver transformational solutions through common standards, platforms and processes managed out of its shared services centers.


Role Outline/Job Summary:


The candidate will be responsible for Tax Information reporting which includes US as well as other legislations in scope, the position will be responsible for supporting various Citi businesses across geographies.


Job Description:

  • Position Title: Assistant Manager
  • Grade/Level: C10
  • Business Group: Tax Information Reporting
  • Function/Group: Tax Reporting
  • Department: FRO
  • Location: Mumbai
  • Financial/Budgetary: No
  • Individual Contributor (IC)/Managerial: IC
  • Percentage of Travel: No
  • Relocation: No

Roles and Responsibilities:


Business/Department Objectives:

  • Responsible for in-scope processes related to one or multiple Citi lines of business within the centralized Tax Information Reporting function in FRO
  • This position supports the reduction/elimination of Citi's franchise and regulatory risk through accurate and timely reporting and enhanced due diligence on customer accounts
  • The incumbent is expected to migrate information reporting work from various sub-units within the Business Line into FRO; this process includes training and job shadowing, building documentation such as procedures and process flows, and identifies gaps in the process based on IRS regulations
  • In addition, the incumbent will support a specific business vertical and is expected to develop and enhance their product knowledge within a short timeframe
  • This position will work in a team-oriented environment

Core Responsibilities:

  • Act as a tax/information reporting specialist to execute the FATCA advisory/rollout, Systems conversions/rollouts
  • Executes the tax information reporting processes to products issued by Citi’s business
  • Develop "Go To" processes and implement appropriate procedures/controls to ensure consistent compliance with Information Reporting and FATCA requirements

Day-to-Day Responsibilities:

  • Support FRO's Service Delivery/Engagement model with client constituency and other key stakeholders
  • Identify and participate in process reengineering and redesign to achieve better controls, compliance and efficiency
  • Ensure tight controls over owned processes to include key controls and COB
  • Review, validate and process W-8 and W-9 tax forms and related documentation according to IRS Chapter 3, chapter 61, Section 3406 and FATCA regulations
  • Contribute towards departmental requirement to adhere to strict regulatory and  Compliance requirements, per IRS and Citi policy
  • Perform reviews of written tax policy and procedures, research and respond to inquiries from operational areas
  • Handle Tax reporting for US and Non US legislations

Key Deliverables:

  • FATCA/CRS reconciliation and reporting
  • 1042s/1099 reconciliation and reporting


  • The ideal candidate will have a BCOM/CA/MBA/Other Finance Masters and 1 to 3 years relevant work experience in Tax operations or related discipline


  • Bank/Financial Institutions knowledge: products, services, IRS regulations, Tax Operations


  • CA, CPA or an equivalent Tax qualification preferred


  • Basic understanding and working knowledge of IRS Forms W-9 and W-8 and information reporting rules, FATCA and CRS
  • Ability to act as a change agent for organization
  • Project Management experience preferred


  • Strong MS Office skills particularly Excel
  • Quick learner with excellent communication skills, team orientation, and ability to work with counterparts in different areas of organization
  • VBA, Knowledge of Macro’s read and write


  • Career Progression: SME within treasury domain
  • To know more about Citi, We encourage you to visit our career website

APAC-IND-MH-Mumbai Finance Full-time Master's Degree Evening Job Regular No MUMBAI/NKP/B6

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Confirmed an hour ago. Posted 29 days ago.

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