Senior Analyst, Tax Documentation

RBC•Toronto, ON

1d•CA$55,000 - CA$90,000•Onsite

About The Position

This role will be supporting RBC Investor Services (IS). As a Qualified Intermediary and Model 1 FFI, we are responsible for ensuring valid US tax documentation is in place to support reduced tax treaty rates on US source income and FATCA withholding and reporting requirements. This role will lead, direct, and manage all activities related to QI, FATCA, and CRS account documentation for RBC Investor Services Trust and Royal Bank of Canada custody accounts.

Requirements

3+ years of relevant work experience
Excellent knowledge of QI & FATCA reporting requirements
Excellent knowledge of custody platforms and CMS
Risk management and mitigation focus
Ability to stay current with industry trends and evaluate impact on withholding and reporting
Ability to lead initiatives and projects complemented by strong project management skills and ability to meet strict deadlines
Superior interpersonal and networking skills with a proven track record of dealing with clients, industry associations, senior management, colleagues, and staff

Responsibilities

Provide direction to the business on all activities related to QI, FATCA, and CRS documentation.
Ensure valid US tax documentation is requested, validated, and maintained for QI, FATCA, and CRS purposes and reflected correctly on all custody systems.
Develop processes and procedures to mitigate operational risk, reduce costs, and improve operational efficiency.
Ensure all business units are aware of and follow established QI, FATCA, and CRS documentation policies.
Obtain satisfactory ratings on internal and external Audits/Reviews regarding documentation.
Ensure all documentation, both QI and FATCA, is compliant and reflected correctly on all custody accounts on all platforms.
Ensure documentation meets QI/FATCA audit and any new review processes which may come into place as a result of CRS implementation.
Review, validate, and maintain all QI, FATCA, and CRS documentation (IRS forms, self-certifications, and documentary evidence) for compliance with IRS/IGA guidelines for completeness, accuracy, and acceptability.
Provide account coding instructions for new/renewal documentation to the appropriate groups.