Tax Operations Analyst

Barclays•Jefferson Park, NY

6d•$64,000 - $87,000•Onsite

About The Position

Embark on a transformative journey as a Tax Operations Analyst. At Barclays, our vision is clear – to redefine the future of banking and help craft innovative solutions. You will support the Tax Documentation team in maintaining consistent, well-controlled practices across the investment bank. In this position, you will handle the collection, validation, and maintenance of client tax documentation for your assigned portfolio of accounts, ensuring compliance with Tax Operations policies and IRS regulatory requirements. You will be responsible for obtaining the appropriate tax forms for Barclays investment bank clients and validating all documentation in accordance with IRS guidelines.

Requirements

Understanding and validating US W 8 and W 9 tax documentation in accordance with IRS regulations
Supporting onboarding and remediation activities driven by regulatory changes
Applying a basic understanding of financial products within the investment banking industry
Communicating effectively with internal and external stakeholders, including clients, sales teams, and onboarding partners
Using Microsoft Excel, PowerPoint, and Outlook in a collaborative, team focused environment
Risk and controls
Change and transformation
Business acumen
Strategic thinking
Digital and technology
Job-specific technical skills

Nice To Haves

Experience in IRS tax form validation, reporting, and withholding, with awareness of tax technical requirements and industry practices
Ample evaluative thinking and problem-solving abilities, with the capacity to navigate detailed tax and documentation requirements
A dynamic approach, including the ability to challenge existing processes, recommend enhancements, and drive continuous improvements
Understanding of risks associated with operational tax processes, and the ability to clearly articulate these risks to management
Technical aptitude and willingness to learn evolving tax and regulatory obligations

Responsibilities

Support various business areas with day-to-day initiatives including processing, reviewing, reporting, trading, and issue resolution.
Collaboration with teams across the bank to align and integrate operational processes.
Identification of areas for improvement and providing recommendations in operational processes.
Development and implementation of operational procedures and controls to mitigate risks and maintain operational efficiency.
Development of reports and presentations on operational performance and communicate findings to internal senior stakeholders.
Identification of industry trends and developments to implement best practice in banking operations.
Participation in projects and initiatives to improve operational efficiency and effectiveness.
Takes responsibility for end results of a team’s operational processing and activities.
Escalate breaches of policies / procedure appropriately.
Take responsibility for embedding new policies/ procedures adopted due to risk mitigation.
Advise and influence decision making within own area of expertise.
Take ownership for managing risk and strengthening controls in relation to the work you own or contribute to. Deliver your work and areas of responsibility in line with relevant rules, regulation and codes of conduct.
Maintain and continually build an understanding of how own sub-function integrates with function, alongside knowledge of the organisations products, services and processes within the function.
Demonstrate understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
Make evaluative judgements based on the analysis of factual information, paying attention to detail.
Resolve problems by identifying and selecting solutions through the application of acquired technical experience and will be guided by precedents.
Guide and persuade team members and communicate complex / sensitive information.
Act as contact point for stakeholders outside of the immediate function, while building a network of contacts outside team and external to the organisation.
Handle the collection, validation, and maintenance of client tax documentation for your assigned portfolio of accounts, ensuring compliance with Tax Operations policies and IRS regulatory requirements.
Obtain the appropriate tax forms for Barclays investment bank clients and validate all documentation in accordance with IRS guidelines.