Are you ready to make an impact at DTCC?
Do you want to work on innovative projects, collaborate with a dynamic and supportive team, and receive investment in your professional development? At DTCC, we are at the forefront of innovation in the financial markets. We're committed to helping our employees grow and succeed. We believe that you have the skills and drive to make a real impact. We foster a thriving internal community and are committed to creating a workplace that looks like the world that we serve.
Pay and Benefits:
- Competitive compensation, including base pay and annual incentive
- Comprehensive health and life insurance and well-being benefits, based on location
- Pension / Retirement benefits
- Paid Time Off and Personal/Family Care, and other leaves of absence when needed to support your physical, financial, and emotional well-being.
- DTCC offers a flexible/hybrid model of 3 days onsite and 2 days remote (onsite Tuesdays, Wednesdays and a third day unique to each team or employee).
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The impact you will have in this role:
Being a member of the Tax Information Services Team, the Senior Associate will support, maintain, and enhance DTCC's various domestic tax products, including the US Tax Withholding Service, 1042-S Reporting, 1099 Reporting, 2439 Reporting, and W-9 compliance. The US Tax Withholding Service is an automated system that allows non-US financial institutions holding US securities at the depository to comply with non-resident alien (NRA) withholding tax rules. In addition, the Corporate Actions Senior Associate will work closely with Product Management and the General Counsel to support these products and ensure compliance with current Treasury Department Legislation.
Your Primary Responsibilities:
- Work within the US Tax team to support all related functions for Form 1042-S tax reporting including data reconciliation, tax form generation, Form 1042 filing and tax correction processing
- Ensure proper withholding on all security types as well as the various components including Section 302, Section 305c, 1446(f), and 871(m) Reporting/Withholding
- Monitor and control reconciliation of tax adjustments on withheld funds and process post payable tax adjustments
- Ensure that tax withholding is remitted to the IRS according to the IRS-imposed schedule
- Complete operational processes by following documented procedures and job aides; make suggestions on improving process and efficiency
- Process specialized workflows, resolve exceptions, and assist with escalations and complex inquiries
- Demonstrate active engagement in meetings and display curiosity to learn and grow; accept feedback given and apply it to the role
- Facilitate training sessions for junior team members as directed by management
- Participate and own projects and initiatives
- Assist in benchmark tracking, audit follow-up, compliance, and risk management activities
NOTE: The Primary Responsibilities of this role are not limited to the details above.
Qualifications:
- Minimum 6 years of related experience in tax information reporting
- Bachelor's degree (preferred) or equivalent experience
Talents Needed For Success:
- Knowledge and experience with 1042-S tax reporting and associated regulations
- Experience with Section 302, 1446(f), 305(c), and related 1042-S regulations
- Work with the team to ensure quality and accuracy on all deliverables
- Stay current on industry changes and seek out learning to ensure knowledge is up to date
- Collaborate well within and across teams
- Foster a culture where honesty and transparency are expected
- Invest effort to individually coach others
- Communicate openly keeping everyone across the organization informed
We offer top class training and development for you to be an asset in our organization!
The salary range is indicative for roles at the same level within DTCC across all US locations. Actual salary is determined based on the role, location, individual experience, skills, and other considerations. We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.