Cost Basis Corporate Actions Tax Analyst

3 weeks ago


Montréal, Canada BNP Paribas Full time

COST BASIS CORPORATE ACTIONS TAX ANALYST (JOB NUMBER: OPS-050623-003-EML)

In a changing world, unprecedented challenges require unmatched talent. Join one of Montreal's Top Employers in 2023. We are a dynamic and growing organization having its main establishment located in downtown Montreal and part of a leading international banking institution fully committed to building a more sustainable future. Note that the position may be in the Canadian Branch of BNP Paribas or in one of its subsidiaries based in Montreal.

**The position at a glance**

The NA GMO Controls & Regulatory Oversight ITO Tax Operations department is responsible for establishing operational procedures and controls to comply with IRS, FATCA, and AEOI regulations relating to US tax information reporting. ITO Tax Operations governs the maintenance of tax documentation (e.g. Forms W-8 and W-9, CRS self-certifications), withholding and remittance of taxes to US Treasury, and issuance of annual 1099, 1042-S, 945, 1042 reporting to both external clients and the IRS. The group collaborates with BNP Paribas Corporate Tax to assess the impact of new tax legislative, and engages with transversal resources to develop plans to respond and/or comply with new regulations. To the extent a new business process is required; ITO Tax Operations develops business requirements and ensures that IT and operational procedures are enhanced to support regulatory change. The team is highly collaborative internally across BNP Paribas Corporate Institutional Banking Americas and externally with clients within the Bank. ITO Tax Operations covers multiple business lines, functions, and regions within various BNP Paribas entities.

**In detail**
- Monitor client on-boarding and ensure that required tax documents are received
- Validate tax forms using internal guidelines and IRS approved MD3 software
- Manage client data and update tax information in internal onboarding repository systems
- Assist with annual solicitation of expiring tax documents
- Provide support for internal and external audits
- Correspond with internal BNP Paribas divisions such as Due Diligence, Client Onboarding, and Static Data to assist with resolving client inquires and concerns
- Adhere to regulatory changes by working with business and IT groups to enhance systems and procedures
- Assist with production of year end 1099 and 1042-S reporting
- Support incoming front office and client inquiries and regarding 1099 and 1042-S reporting, and assist with amending 1099 and 1042-S forms which require corrections
- Investigate IRS notices and penalties, providing research used to draft responses submitted to the IRS

**The strengths and skills that will help you succeed**
- BA required
- Knowledge of the English language is required
- Proficient computer skills, particularly in the use of Microsoft Office Access, Excel and/or other business related software programs.
- Quick learner, taking detailed notes as references
- Driven by client needs and satisfaction
- Proactive, motivated and willing to absorb new concepts
- Detail oriented with strong analytical and problem solving skills
- Proven ability to act under pressure and tight deadlines
- Strong verbal and written communication skills

Preferred Qualifications:

- 1-3 years of tax information reporting, withholding, tax documentation management experience in the financial services industry, or transferrable tax related knowledge and skills
- Strong knowledge and comprehension of Internal Revenue Codes Chapter 3, Chapter 4, and Chapter 61
- Knowledge of Broadridge systems/products such as BPS, TMS (Tax Managed Services) and TDS (Tax Data Solutions)
- Experience validating client tax docs (Forms W-8 series, Forms W-9), and updating back office static data and referential data systems
- Strong team player with well-developed written and verbal communication skills
- Control orientated mindset and approach to managing business as usual work tasks
- Advanced Microsoft Excel experience and skills
- Ability to perform multiple tasks and meet established deadlines in a fast pace work environment with mínimal supervision.
- Solutions oriented thinker who is able to generate creative ideas
- Effective analytical, organizational, and problem resolution skills
- Knowledge of FATCA would be great.

**What’s in it for you**

In addition to competitive compensation, we offer flexible benefits including a family and spouse insurance program, a defined contribution pension plan and paid days for volunteering. Hybrid work arrangements, such as remote working up to 50% and flexible working hours are available for most positions. BNP Paribas provides excellent training and personal development programs, as well as opportunities for career development within the company and internationally.

To find out more about our range of benefits, click here

**What you need to know**
- If you are selected to participate in the recruitment process, please inform Human Reso



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