FIR TIR Officer

Citibank - More jobs by this advertiser
FIR TIR Officer-18073469

About (FRSS- Tax Information Reporting)

  • Finance and Risk Shared Services (FRSS) 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, FRSS is actively working with Finance and Risk organizations to deliver transformational solutions through common standards, platforms & 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: Asst. Manager 
  • Grade/Level: C09
  • Business Group: Tax Information Reporting 
  • Function/Group:Tax Reporting
  • Department: FRSS 

Role 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 FRSS
  • This position supports the reduction/elimination of Citi's franchise & 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 FRSS; 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 & CRS advisory/rollout, Systems conversions/rollouts
  • Executes the tax information reporting processes to products issued by Citi’s business
  • Migration of work into our centralized hub
  • Develop "Go To" processes and implement appropriate procedures/ controls to ensure consistent compliance with Information Reporting & FATCA requirements 
  • FATCA and CRS operations – delivery of KPI & KRI’s and Information reporting 1042s,
  • 1099, 8966 and CRS reporting

Day-to-Day Responsibilities: 

  • Support FRSS Service Delivery / Engagement model with client constituency and other
  • key stakeholders
  • Identify and participate in process reengineering & redesign to achieve better controls,
  • compliance and efficiency
  • Support audits with IRS and Internal Audit (IA), and any other special audits.
  • Participate in self-assessment testing, MCA, SOX controls as well as any audits with IRS Or Citi's IA.
  • 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, FATCA regulations besides CRS
  • Support Technology projects from a technical tax perspective   
  • 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

Financial/ Budgetary: No


Individual Contributor (IC)/Managerial IC


Key Deliverables: 

  • FATCA/CRS reconciliation and reporting
  • 1042s/1099 reconciliation and reporting
  • Project Related delivery

Percentage of Travel: 

  • No                                 
  • Yes, 10% of the Time      
  • Yes, 25% of the Time 
  • Yes, 50% of the Time 
  • Yes, 75% of the Time      
  • Yes, 100% of the Time

Relocation: No









  • Required
    • The ideal candidate will have a BCOM/CA/MBA/ Other Finance Masters and 2- 3 years relevant work experience in Tax operations or related discipline  
  • Preferred
    • Masters


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


  • Preferred
    • CA, CPA or an equivalent Tax qualification preferred


  • Required
    • 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
  • Preferred
    • Project Management experience preferred


  • Required
    • 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
  • Preferred
    • VBA,  Knowledge of Macro’s read and write



16 March 2019
Location: India Marche Mumbai
Work type:
Full time
Banking and Financial Services
Finance / Accounting
PLEASE! No enquiries from Recruitment Agencies or Headhunters.

Only direct applications will be considered.

This career opportunity is no longer open.
Please search for current vacancies here.

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