Tax Operations - Assistant Vice President

Tax Operations AVP

Do you want your voice heard and your actions to count? Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world's leading financial groups. Across the globe, we're 150,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.

With a vision to be the world's most trusted financial group, it's part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.

Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.

The selected colleague will work at an MUFG office or client sites four days per week and work remotely one day. A member of our recruitment team will provide more details.

The Tax Operations AVP role encompasses a combination of accounting, compliance, corporate finance, tax and risk management functions, and involves tax documentation, withholding and reporting, operational process improvements and technology product management.

Responsibilities

• The Tax Operations Analyst role encompasses a combination of accounting, compliance, corporate finance, tax and risk management functions, and involves tax documentation, withholding and reporting, operational process improvements and technology product management
• Key responsibilities include assisting with: Tax form validation including W-9/W-8 forms, as well as other supporting documents
• Process W-8IMY Intermediary Allocation, and Withholding Statements
• Annual W-8 recertification or remediation
• Daily tax withholding analysis, general ledger management, and reconciliation, including Backup, FATCA, and NRA
• Maintenance of reporting obligations, submission deadlines, and tax compliance requirements
• Communicate with account representatives to resolve withholding and/or reporting issues
• Tax year-end reporting, including Form 1099/1042-S, as well as filing returns 945/1042/8966
• Assist with ad-hoc projects, issue resolution, technology enhancements, and other deliverables as needed
• Perform surveillance by reviewing exception reports and perform periodic checks to ensure compliance with regulatory guidelines, as well as other established risk and control framework

Work Experience

• Experience in a complex financial services environment providing Tax Reporting, Compliance, Risk, Accounting, Audit support
• Experience working at a large financial institution, such as a Corporate & Investment Bank, and/or Consulting (big 4) a plus

Functional Skills

• Tax Operations Subject Matter Expert (SME) in all the following areas: Documentation (W-8/W-9), Withholding (Backup/FATCA/NRA), Reporting 1099/1042-S), Filing Returns (1042), Abandoned and Unclaimed Property
• Extensive knowledge of the United States Internal Revenue Service (IRS), and rules/regulations including FATCA Chapter 3/4/61, CRS, 871m/305c, 1099/1042s reporting, Unclaimed Property State Laws
• Advanced knowledge of tax software [e.g. Broadridge ADP, IMPACT, Markit CTI MD3/TFV, Thomson Reuters OneSource
• Strong project management skillset including waterfall and agile principles
• Experience using business software (e.g., JIRA, Microsoft Project, Ariba, Tableau, SharePoint]

Foundational Skills

• Demonstrates leadership
• Communicate effectively
• Identifies multiple paths to success using analytical and critical thinking as well as decision-making skills
• Operates strategically to support a culture of continuous improvement and systems thinking
• Makes sound business decisions in a complex work environment
• Collaborate with other business functions and divisions to advance business objectives
• Is flexible, decisive, and able to establish support from leadership
• Monitors industry trends and best practices and applies insight to advance the business
• Exhibits and fosters optimism, resilience, flexibility, and openness to others' ideas
• Inspires innovation and values learning as a lifelong professional objective
• Leads by example, engaging inclusively and with intent
• Always act with integrity
• Manage staff and day-to-day operations, which include Tax Documentation, Withholding, and Reporting
• Responsible for tax form validation process including review of supporting documents, intermediary allocation, withholding statements and annual recertification or remediation

• Executes tax withholding analysis and reconciliation
• Ensures reporting obligations, submission deadlines and legal requirements are met
• Resolves withholding and reporting issues
• Accountable for year-end tax reports and returns
• Liaises with internal departments to abate penalty notices
• Evaluates and migrates unresolved tax deliverables
• Enhances and optimizes the tax product management work-stream via internal process improvements or vendor relationships
• Ensure compliance with regulatory guidelines and established risk and control frameworks
• Monitors Key Performance Indicators (KPI), Key Risk Indicators (KRI), and preparing key metrics reporting
• Monitors operational controls
• Executes Business Unit Risk Management (BURM) initiatives
• Provides regulatory and tax transaction data to clients
• Interprets and explains locally relevant tax laws
• Applies tax law to relevant industries or lines of business
• Oversees vendor management activities such as approval process, invoicing, escalations and reviews

• Ensure reporting and filing obligations, submission deadlines, and legal requirements are met
• Stay informed of current technical developments and effectively apply knowledge to client situations including understanding of waterfall and agile principle

Education

• Degree or equivalent work experience equally preferable

The typical base pay range for this role is between $91K - $114K depending on job-related knowledge, skills, experience, and location. This role may also be eligible for certain discretionary performance-based bonuses and/or incentive compensation. Additionally, our Total Rewards program provides colleagues with a competitive benefits package (in accordance with the eligibility requirements and respective terms of each) that includes comprehensive health and wellness benefits, retirement plans, educational assistance and training programs, income replacement for qualified employees with disabilities, paid maternity and parental bonding leave, and paid vacation, sick days, and holidays. For more information on our Total Rewards package, please click the link below.

MUFG Benefits Summary

We will consider for employment all qualified applicants, including those with criminal histories, in a manner consistent with the requirements of applicable state and local laws (including (i) the San Francisco Fair Chance Ordinance, (ii) the City of Los Angeles' Fair Chance Initiative for Hiring Ordinance, (iii) the Los Angeles County Fair Chance Ordinance, and (iv) the California Fair Chance Act) to the extent that (a) an applicant is not subject to a statutory disqualification pursuant to Section 3(a)(39) of the Securities and Exchange Act of 1934 or Section 8a(2) or 8a(3) of the Commodity Exchange Act, and (b) they do not conflict with the background screening requirements of the Financial Industry Regulatory Authority (FINRA) and the National Futures Association (NFA). The major responsibilities listed above are the material job duties of this role for which the Company reasonably believes that criminal history may have a direct, adverse and negative relationship potentially resulting in the withdrawal of conditional offer of employment, if any.The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.We are proud to be an Equal Opportunity Employer and committed to leveraging the diverse backgrounds, perspectives and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate on the basis of race