Lead Institutional Investment Operations Specialist - Tax Operations

Wells Fargo & Company•Charlotte, NC

1d•Hybrid

About The Position

Wells Fargo is seeking a Lead Institutional Investment Operations Specialist within their Tax Operations team, which is part of Corporate Investment Banking Operations. The Tax Operations team is responsible for leading global CIB first-line customer tax activities. This includes operational support for the Markets business (covering Prime Brokerage, FCM, FX, Swap Dealer, and Broker Dealers in US and EMEA) across various functions such as documentation, withholding, 1099 and 1042-S reporting, cost basis, and financial transaction tax.

Requirements

5+ years of Institutional Investment Operations experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Nice To Haves

Experience with IRS Forms W-9 and W-8 including; exemption codes, treaty rates, and intermediary withholding statements
5 years of experience in Tax Operations with a basic understanding of Chapter 3 (NRA), Chapter 4 (FATCA), and Chapter 61 (TEFRA) withholding and reporting requirements
Cost Basis and/or Foreign Transaction Tax experience including reconciliation and research and resolution of exceptions
Understanding of asset servicing events including across equities and fixed income securities
Familiarity with options and swaps
Working knowledge of one or more of the following Tax solutions: Broadridge Tax Managed Service, Sovos, Silver Cost Basis, Scivantage Maxit, IHS Markit IPS/CTI
Ability to interpret technical requirement documents and system flows to translate into reporting requirements
Experience developing partnerships and collaborating with other business and functional areas
Strong organizational, multi-tasking, and prioritizing skills
Experience delivering results in a fast-paced, deadline driven environment
Highly refined and professional verbal and written communications
Track record of leading strategic complex deliverables

Responsibilities

Lead all activities across tax withholding and reporting functions, including approval of processes completed by other team members
Partner with vendors, Broker Dealer Operations, Middle Offices, and other stakeholders to ensure accurate reporting, withholding, and re-imbursements
Support and processing of foreign / international tax obligations such as Capital gains, financial transaction and withholding taxes
Support, governance, and oversight of customer tax touchpoints across CIB Businesses (Markets, Banking, and Corporate Real Estate) to ensure and maintain compliant, efficient, and well controlled framework with excellent client service and risk management
Stewardship of internal and external touchpoints with payments, corporate actions, collateral, claims, onboarding, reference data, new products, and vendor solutions
Implementation and oversight of new and complex IRS regulations (such as 1446(f), 871(m), and 305(c), policies, strategies, technology solutions and automation, procedures, and vendors
Leverage business intelligence capabilities to identify and rectify exceptions detected throughout the year
Lead several strategic initiatives across technology, process, control, operational excellence
Work closely with Corporate Tax and Compliance to analyze complex matters and implement solutions
Support year-end reporting readiness, including trial runs, quality assurance, and finalization of reporting
Advise leadership to develop or influence complex objectives, processes, industry related regulations, and long-term goals for highly complex business needs across organization
Strategically engage with all levels of professionals and managers companywide
Provide vision, direction and expertise to leadership