We are recruiting for leading financial services provider focussing on delivering trading, settlement and custody solutions to a number of different clients who are seeking a US Tax Specialist.
Main Responsibilities
- Implement a framework and underlying technology for providing US tax services to clients under Qualified Intermediary (QI regime)
- Document the US tax services documentation requirements, process flows, train the teams and thereafter monitor (perform in-depth reviews) in the provision of services
- Implement a framework and an underlying technology solution that would assist the Group to comply with QI requirements under US IRS applicable to the operating subsidiaries in Singapore and UAE and extend the same to other entities in the future
- Design QI compliance workflows under different scenarios e.g., treaty and non-treaty claimants, disclosed and non-disclosed clients trading under a flow through entity (intermediary) and similar. Support automation of workflows as feasible
- Implement an appropriate system to record US sourced FDAP incomes in back-office systems that would enable the subsidiaries to produce reports required for 1042S and 1042 filings at the end of each year.
- Automate filing of 1042S and 1042 forms as feasible. Liaise with the consultants engaged by the subsidiaries for tax filings, resolve queries and ensure timely filing.
- Assist the subsidiaries with FATCA and CRS compliance in each of the jurisdictions including understanding the file structures of the different authorities, liaising with technology team to generate required information to populate the upload file, upload the file and ensure timely submission of required information
Job Requirements:
- Familiarity with accounting and taxation will be considered for selection. A qualified accountant or tax professional will have higher possibility of selection
- Understanding tax requirements particularly FATCA, CRS and with-holding taxes levied on incomes in US for different jurisdictions (familiarity with tax treaty relationship under DTAA between US government and other countries).
- Experience of working in tax department of firms holding QI status and required to comply with FATCA and CRS regulations in its jurisdiction
Unless otherwise stated, candidates must have the right to work in the UK.
The CLARC Guarantee – we 100% guarantee that your CV will never be sent to a client without your prior expressed permission so all of your details are totally secure with us. Please note due to the volume of applications we sadly cannot reply to every application we receive and only successful applications will be contacted, however your details will be registered for consideration for more suitable opportunities as we get them.
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