Associate - Tax Operations

Clear Street•New York, NY

1d•$90,000 - $115,000•Hybrid

About The Position

Clear Street is modernizing the brokerage ecosystem. Founded in 2018, Clear Street is a diversified financial services firm replacing the legacy infrastructure used across capital markets. We started from scratch by building a completely cloud-native clearing and custody system designed for today’s complex, global market. Clear Street’s proprietary prime brokerage platform adds significant efficiency to the market, while focusing on minimizing risk, redundancy, and cost for clients. Our goal is to create a single source-of-truth platform for every asset class, in every country, and in any currency. By combining highly-skilled product and engineering talent with seasoned finance professionals, we’re building the essentials to compete in today’s fast-paced markets. The Global Tax Operations is responsible for ensuring compliance with Clear Street Group; This includes U.S. information reporting and withholding, FATCA, CRS, QI/QDD and securities taxation and filing obligations globally. The team works closely with all business lines including institutional brokerage, custody and retail businesses. This is an integrated team providing guidance on securities taxation obligations, managing tax risk and running tax processes. Within this expert group US Tax Ops team is responsible across all booking locations for: S. Withholding Tax Compliance (Chapters 3, 4, 61, 871(m), 1446(f), 305(c)) Cost Basis and Wash Sale Reporting S. Tax Information Reporting (Forms 1099, 1042-S, 1042) Nonresident Alien (NRA) withholding and treaty eligibility validation Tax documentation and W-8/W-9 validation This is a hands-on, data-driven operational role requiring a foundational understanding of U.S. information reporting and withholding obligations. You will maintain daily tax records, collaborate with third-party providers, and support the broader Global Tax Operations team to deliver accurate, timely client reporting and annual Form 1099 & 1042-S filings within a fast-paced broker-dealer, custody, and retail environment.

Requirements

1-3 years of hands-on experience in tax operations
Experience of and U.S. information, reporting & withholding obligations
Technical knowledge of IRS obligations under Chapter 3, Chapter 4 (FATCA), Chapter 61, §871(m), and s.1446(a) and (f).
Practical experience with broker-dealer, prime brokerage and custodial operations
Familiarity with IRS systems (FIRE, EFTPS & the forthcoming IRIS system) and tax documentation platforms.
Proven ability to work with large data sets, reconcile reporting / withholding amounts, and identify discrepancies.
Detail-oriented, with a control and risk-focused mindset.
Strong problem-solving skills and ability to work independently in a fast-paced environment.
Excellent communication skills to coordinate with internal stakeholders and respond to regulatory queries.

Nice To Haves

Series 99 and/or Series 7 preferred, or willingness to obtain.

Responsibilities

Review and cleanse tax information day-to-day.
Review and validate tax documentation (W-8/W-9).
Calculate, apply, and reconcile U.S. withholding under Chapter 3, Section 871(m), Section 305(c), and 1446(f).
Prepare and file U.S. information returns including 1099 Series, 1042-S, and related IRS filings.
Perform reconciliations of withholding and reporting data ensuring accuracy and completeness.
Respond to and support IRS, audit, and regulatory inquiries.
Execute test cases for tax reporting and withholding system enhancements.
Partner with Operations & Technology to resolve data issues and streamline automation.
Maintain detailed process documentation and contribute to continuous process improvements.