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Job Information
Citigroup Markets Tax Operations Analyst Frankfurt in Frankfurt am Main, Germany
Title : Markets Tax Operations Analyst
Business: Markets Operation
Division: Markets
Officer Title: Officer
C-Grade: C11
Location: Frankfurt
Legal Entity : Citigroup Global Markets Europe AG (“CGME”)
Team overview:
This role is part of the Markets Tax Operations Team in Germany at Citigroup Global Markets Europe AG (CGME).
The Team is responsible for the execution of CGME’s German Withholding Tax framework and other CGME related Tax tasks with a strong focus of daily tasks.
The Markets Tax Operations team works closely with Citi’s internal stakeholders and external vendors in order to interpret, adapt and implement German Tax requirements for CGME’s tax compliance setup.
In the role as a Markets Tax Operations Analyst, you will be part of the Markets Operations Team in Germany located in Frankfurt. Main tasks are to execute the Business As Usual (BAU) lifecycles and supporting internal and external initiatives/ projects.
Role description:
This position ensures end-to-end governance of Market Operations Tax readiness.
As a Markets Tax Operations Analyst you will:
Monitor the Service Delivery for Markets Operations within CGME
Ensure stable processing of all tax relevant topics for CGME markets business
Execute BAU related processes:
Ensure correct client tax code set up within the client on-boarding process
Static Data maintenance and reconciliation
Reconciliation of Tax related cash bookings
Support of German WHT and 871m related payments for CGME related Warrants business and processing of reporting incl. issuance of German Tax Vouchers
Supporting regular tax reporting (e.g., 1042s, CRS/FATCA, Steueroasenabwehrgesetz, Abzugsteuerentlastungsmodernisierungsgesetz)
Liaise with internal and external stakeholders:
Ensures the quality and service of tax related function, escalate issues and bring appropriate closure.
Troubleshoot to resolve systemic issues for clients in connection with German tax treatment.
Support and strengthen Client needs in an efficient, effective and professional manner and handle exceptional requests.
Detect and lead initiatives to improve the level of automation within the team
Support the client outreach for documentation renewals
Apply a good understanding of procedures and concepts across the bank owned processes to ensure appropriate steps and controls are being taken
support the Manager with internal and external requests (e.g., internal/ external audits)
Development Value:
This role allows strong interaction and connection with multiple internal and external Service Providers within Functions and Business within a global organisation
Work in a large and complex organization with a demanding customer base and in a demanding and changing business environment
It will provide a deep understanding of Market Products and the related regulatory demands
Frequent exchange with other Internal teams which gives you the opportunity to increase your own network
Be a part of the digital transition of Citi by taking ownership and driving initiatives to increase the workflow automation by adapting Citi internal standards and tools
You will be encouraged to think beyond existing borders and to position yourself as a reliable partner for internal and external stakeholder
Qualifications:
BS/BA degree or equivalent combination of education/experience
Experience of managing within a highly regulated environment
Knowledge of banking Front-to-End Operation processes
Experience/Knowledge:
3-5 years banking Operations experience
Experience in Markets Products
Knowledge of the current German tax regulation impacting the broker-dealer business (i.e., Abzugsteuerentlastungsmodernisierungsgesetz, Steueroasenabwehrgesetz, Investmentsteuer- and Einkommensteuergesetz)
Skills:
Ability to effectively work to tight deadlines
Ability to coordinate multiple tasks at the same time
Fluent in written and spoken English and German
Very good Communication skills
Support discussions with multiple stakeholder and different thinking
Negotiation skills
Knowledge of front-to-back bank processes
Experienced in creating new and reviewing existing workflows and associated procedures
Project experienced, as part of a project team or as project manager
Soft skills:
Goal-oriented and have a desire for new challenges
Collaboratively engaging with your colleagues
Self-starting person who understands to follow through
Team player with strong interpersonal and communication skills respecting your colleagues
Flexible and able to react quickly to changing priorities and timelines
Service orientated, professional, pro-active and client focused
responsible for taking ownership of issues
Job Family Group:
Operations - Transaction Services
Job Family:
Securities and Derivatives Processing
Time Type:
Full time
Citi is an equal opportunity and affirmative action employer.
Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi (https://www.citigroup.com/citi/accessibility/application-accessibility.htm) .
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Citi is an equal opportunity and affirmative action employer.
Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.
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