Tax Reporting Associate- Global Private Banking Group - £60,000 - £80,000 + Bonus + Benefits - Londo

Our client is an established and highly successful private banking and wealth management group with a well-managed and growing business. They have a rich history and have built an excellent high-performing business with a solid network of clients. Their London office is recruiting for a Tax Reporting Associate to join a team who responsible for the processing, control, oversight and continual improvement in respect of tax regulations and reporting related to US WI, FATCA, CRS, CGT and their associated annual tax packs. There will be an opportunity to learn and develop new skills in regulatory reporting.

The Tax & Regulatory Reporting Team also ensures high quality and accuracy of the non-financial reporting (PSD, Rep, SCV, and CSDR) completed by the Bank meets all regulatory obligations, in an environment which is subject to constant change and evolution. The team is responsible for providing control, oversight, and identify constant improvements to transaction reporting obligations such as MIFIR, EMIR, and SFTR.

Skills and Experience Required:

• • Good knowledge of the financial products and associated transactions.
  • Possessing a min. of 4-5 years of experience in banking or financial services.
  • Good knowledge and understanding of periodic reporting to FCA and BoE preferred.
  • Project management experience.
  • Strong Excel, Access skills.
  • Strong analytical and macro skills, able to make complex data reconciliation.
  • Ability to manage priorities in a fast-changing environment.
  • Be able to work independently and within a team.
  • Striving to improve the current set up and environment.
  • Go above and beyond specific assignments.
  • Always comply with internal & external regulations.
  • Maintain quality standards despite scheduled and ad hoc pressures.

Responsibilities / Tasks:

• • Manage data quality across the bank which impacts the quality of the various reporting obligations, always striving to achieve 100% accuracy.
  • Monitor, review, and manage controls to ensure continuous improvement in reporting.
  • Understand the pathway, translation, and logic of the data extracted from the bank’s systems.
  • Act as SME for the various third-party tools utilized across the dept.
  • Act as a key contact for internal colleagues and any third parties.
  • Follow up on requests from internal/external auditors and regulatory authorities.
  • Understand regulatory risk sensitivity and develop an end-to-end view of the Bank’s flow/process.
  • Correction of issues raised and update the reporting tool’s database, avoiding re-occurrence and enabling continual improvement.
  • Liaise and coordinate with all departments responsible for the underlying data for the necessary corrections, explanations, data input and resubmission of the amended report(s).
  • Participate in the data preparation and validation for reporting such as FATCA/CRS, where required.
  • Producing both regular and ad-hoc reporting statistics for internal and external parties.
  • Contribute to any testing linked to regulatory and reporting updates.
  • Act as back-up contact for QI/FATCA/CRS Data quality control, Reconciliation, and Reporting.
  • Ability to manage and interrogate large amounts of data files and able to present to various audiences.