Global Tax Analyst - Reclaims

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One. Job Description U.S. Bank has a new position opening within our fast-growing Global Custody Operations group. The Global Tax Treaty Services team serves customers, who invest in ADRs or foreign securities, by offering technical assistance and document signing services, aimed to reduce clients’ administrative burden and minimize Global taxation, through double taxation treaties. Responsible for the maintenance of client information and tax relief opportunities. Collaborates with internal business lines and clients to obtain documentation. Files relief at source and reclaim documentation as necessary. Develops and maintains tax strategies to minimize tax liability. Prepares and develops reports for management or for regulatory authorities. Responds to inquiries regarding eligible tax rates and opportunities for reclamation. Maintains adequate accounting and control for an assigned area. Essential Functions Research, analyze, and resolve withholding tax rate discrepancies to ensure correct tax treatment and recovery. Develop and maintain a thorough understanding of client organizational structures, purposes, and legal entities to accurately allocate taxes, request required documentation, report beneficial owner details to tax authorities, and process foreign tax documentation. Monitor tax reclaims through final payment, ensuring timely follow-up and resolution of outstanding items. Liaise with local market experts, tax agents, and depositories to interpret tax requirements and adapt internal processes as market practices evolve. Educate clients and internal business partners on tax reclaim, documentation requirements, and market-specific rules. Coordinate, manage, and complete multiple concurrent duties and assignments accurately and within established timelines. Understand, monitor, and consistently meet established Service Level Agreements (SLAs). Ensure compliance with departmental policies, procedures, and internal control standards. Act as a Subject Matter Expert by assisting with the review, maintenance, and enhancement of departmental procedures. Obtain, review, and maintain accurate client profile information within designated client profile systems to support tax reclaim processing and compliance. Basic Qualifications - Three years or more of related experience Preferred Skills/Experience - Bachelor's degree - Knowledge of or the ability to quickly learn custody operational functions, systems, procedures, various products and/or services, for assigned area(s) - Ability to multitask and meet established deadlines in a dynamic work environment - Exhibits analytical, problem-solving, decision-making, and organizational skills - Exhibits customer relation skills, interpersonal, and verbal and written communication skills - Understanding of regulatory and accounting principles which directly affect Wealth Management & Investment Services business lines and clients - Proficient in Microsoft Office applications, preferably Excel Location Expectations This role requires working from a U.S. Bank location three (3) or more days per week. If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants. Benefits: Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following: Healthcare (medical, dental, vision) Basic term and optional term life insurance Short-term and long-term disability Pregnancy disability and parental leave 401(k) and employer-funded retirement plan Paid vacation (from two to five weeks depending on salary grade and tenure) Up to 11 paid holiday opportunities Adoption assistance Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law Review our full benefits available by employment status here. U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law. E-Verify U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program. The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $71,400.00 - $84,000.00 U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures. Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies. Posting may be closed earlier due to high volume of applicants. At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.