Tax Consultant
WIPRO-BLACKSTONE Inc
Total years of experience :4 years, 8 Months
• Assist in the filing and the updating of Direct Tax for the SPVs: prepare corporate tax returns and annual declarations for review whilst following processes as drafted by the VP tax. Ensure legal and statutory compliance through liaison with legal advisors in respect of Tax matters. Assist and support the Tax departments in managing processes related to International Tax and Transfer Pricing compliance.
• Compiled and reviewed financial information and tax data from account holders in accordance with international AEOI regulations, such as CRS (Common Reporting Standard) and FATCA (Foreign Account Tax Compliance Act) and QI (Qualified Intermediates).
• Conducted due diligence on customer accounts to ensure compliance with AEOI requirements and identify reportable accounts.
• Prepared and submitted accurate and timely reports to regulatory authorities for the automatic exchange of financial information.
• Collaborated with cross-functional teams to gather necessary data and ensure data integrity and quality.
• Assisted in developing and implementing AEOI policies, procedures, and controls to ensure adherence to regulatory requirements.
• Conducted periodic reviews and audits of AEOI processes to identify areas for improvement and ensure compliance.
• Stayed updated on AEOI developments and changes in regulations to ensure ongoing compliance. Assisted in responding to inquiries from regulatory authorities and external auditors regarding AEOI processes and reports.
• Provided guidance and support to internal stakeholders on AEOI-related matters.
• Assist International Tax team with WHT tax position analysis. Collaborate with team members responsible for obtaining tax residency certificates.
• Collect data on tax residency of various lenders/borrowers, apply relevant qualification on interest payments based on double tax treaties or European Legislation.
• Upload tax documentation to Third party tax advisors secured site with file naming convention required.
• Review validation results for third party tax advisors and work with investors to correct any issues identified. Review and research demographic data issues.
• Respond to Investors on any queries related to tax forms. Update tracker of investor information.
• Complete analysis of and filing of forms such as 1042, 1042s, 8804, 8805, 1099 W8s, W9, CRS and AEOI Reporting of (FATCA CRS). K-1 and K-3 collection and postings. U.S. Federal and State Tax Returns.
• Working with third party service providers like Deloitte and PWC.
• Worked under CTI Tax Solutions of IHS Markit which provides outsourcing (along with consulting and technology products/services) to major financial institutions and multi-national corporations
around the world Assist and support the Tax departments in managing processes related to International Tax and Transfer Pricing compliance.
• Assist International Tax team with WHT tax position analysis.
• Collaborate with team members responsible for obtaining tax residency certificates.
• Collect data on tax residency of various lenders/borrowers, apply relevant qualification on interest payments based on double tax treaties or European legislation, those services relate to the review and validation of international tax documentation (e.g., Forms, US State & Federl Returns etc.).
• Drawing on extensive operational and tax technical expertise, CTI Tax Solutions outsourcing offerings cover end-to-end services meeting domestic, non-resident, FATCA tax withholding and information return reporting needs, as well as the Common Reporting Standard due diligence and reporting requirements.
• FATCA/CRS Reporting (reporting certain information about the FFIs about their US account holders to the US Internal Revenue Service (IRS). GIIN/TIN verification with IRS.
• Worked majorly with clients like Citi Bank, Banco Santander, Saxo Bank, APAC Clients etc and Vendor clients as well like Silver Point, State Street and Millennium AP.
• Conducted thorough vendor due diligence and risk assessments using the KY3P platform to evaluate third-party suppliers compliance with regulatory requirements and company policies.
• Assessed and classified vendors based on their inherent risk profiles, conducting enhanced due diligence where necessary.
• Developed and maintained a robust repository of vendor risk assessments and documentation within the KY3P system.
• Collaborated closely with cross-functional teams, including procurement, legal, and compliance, to ensure alignment with vendor risk management processes.
• Contributed to the continuous improvement of vendor risk assessment procedures and workflows within the KY3P platform.
• Conduct Customer Due Diligence (CDD) and enhanced due diligence (EDD) reviews to verify customer information and detect potential risks.
• Assisted in the onboarding process for new customers, ensuring the collection and verification of required documentation and information for KYC purposes.
• Conducted routine and ongoing KYC reviews of client accounts, promptly identifying discrepancies and escalating any potential issues to senior AML/KYC analysts.
• Collaborated with cross-functional teams to address customer inquiries, resolve compliance related issues, and provide guidance on KYC requirements.
• Participated in internal compliance audits, assisting in the preparation of documentation and providing evidence of adherence to AML regulations.
• Contributed to the development of standardized KYC checklists and templates, streamlining the customer due diligence process.
• Maintained accurate records of KYC documentation and client files, facilitating quick access for regulatory inquiries and internal reviews.
• Handling customer documentation, verify identification, and maintain records accurately and securely.
• Performing KYC and AML compliance procedures for the clients.
• Providing basic financial advice and guidance to customers regarding their banking needs, such as choosing the right account type, understanding loan options, or managing personal finances. In addition, building an Investment Portfolio for them with best suited investment options.
• Assisted in the onboarding process for new customers, ensuring the collection and verification of required documentation and information for KYC purposes.
• Conducted routine and ongoing KYC reviews of client accounts, promptly identifying discrepancies and escalating any potential issues to senior AML/KYC analysts.
• Collaborated with cross-functional teams to address customer inquiries, resolve compliance related issues, and provide guidance on KYC requirements.
• Participated in internal compliance audits, assisting in the preparation of documentation and providing evidence of adherence to AML regulations.
• Contributed to the development of standardized KYC checklists and templates, streamlining the customer due diligence process. Maintained accurate records of KYC documentation and client files, facilitating quick access for regulatory inquiries and internal reviews.
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