• BNP Paribas Investment Partners USA Holdings, Inc.
  • Jersey City , New Jersey
  • Miscellaneous
  • Full-Time


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BNP Paribas Group:
BNP Paribas is a leading bank in Europe with an international reach.
It has a presence in 75 countries, with more than 189,000 employees,
including more than 146,000 in Europe. The Group has key positions in
its three main activities: Domestic Markets and International
Financial Services (whose retail-banking networks and financial
services are covered by Retail Banking & Services) and Corporate &
Institutional Banking, which serves two client franchises: corporate
clients and institutional investors. The Group helps all its clients
(individuals, community associations, entrepreneurs, SMEs, corporates
and institutional clients) to realize their projects through solutions
spanning financing, investment, savings and protection insurance. In
Europe, the Group has four domestic markets (Belgium, France, Italy
and Luxembourg) and BNP Paribas Personal Finance is the leader in
consumer lending. BNP Paribas is rolling out its integrated
retail-banking model in Mediterranean countries, in Turkey, in Eastern
Europe and a large network in the western part of the United States.
In its Corporate & Institutional Banking and International Financial
Services activities, BNP Paribas also enjoys top positions in Europe,
a strong presence in the Americas as well as a solid and fast-growing
business in Asia-Pacific.
About BNP Paribas Corporate and Institutional Banking:
Fully integrated in the BNP Paribas Group, BNP Paribas Corporate and
Institutional Banking (CIB) is a leading provider of solutions to two
client franchises: corporates and institutionals, and operates across
EMEA (Europe Middle East Africa), APAC (Asia Pacific) and the
Americas. The bank is a global leader in Debt Capital Markets and
Derivatives. It is a top European house in Equity Capital Markets and
it has leading franchises in Specialized Financing. In Securities
Services, it is a top five House worldwide. BNP Paribas CIB strives to
service the global economy by providing solutions to its clients in
financing (ECM, DCM, specialized financing), flow banking (trade
finance and cash management), financial advisory (M&A, project
finance), global markets (interest rates, credit, foreign exchange,
equity derivatives), risk management, and securities services.
**********************
Business Overview:
The NA Tax Operations Group is responsible for establishing
operational procedures and controls to comply with IRS, FATCA, and
AEOI regulations relating to US tax information reporting. Tax
Operations governs the maintenance of tax documentation (e.g. Forms
W-8 and W-9, CRS self-certifications), withholding and remittance of
taxes to US Treasury, and issuance of annual 1099, 1042-S, 945, 1042
reporting to both external clients and the IRS. Additionally, Tax
Operations supports clients invested in foreign markets by providing
guidance for EDS elections for the application of favorable foreign
dividend withholding tax rates, and by filing tax reclaims with
foreign government tax authorities. The group collaborates with
Corporate Tax to assess the impact of new tax legislation, and engages
with transversal resources to develop plans to respond and/or comply
with new regulations. To the extent a new business process is
required; Tax Operations develops business requirements and ensures
that IT and operational procedures are enhanced to support regulatory
change. The team is highly collaborative internally across BNP Paribas
Corporate Institutional Banking Americas and externally with clients
within the Bank. Tax Operations covers multiple business lines,
functions, and regions within various BNP Paribas entities.
Responsibilities:
Functions of the Tax Operations Documentation and Control team
includes transversal business lines
* Support of tax form collection during client
onboarding/recertification applicable
* Perform level 2 control such as the control of the IRS tax
remittance process
* Perform oversight of level 1 control documented via ORUS
* Act as a key IRS contact and maintain correspondence
* Perform IRS 945 and 1042 transcript research
* Implement and perform controls around the monitoring of IRS
receivables and payables
* Coordination with client onboarding and due diligence groups to
ensure proper account tax documentation solicitation and tracking
* Research of client tax form correction requests regarding RIC and
REIT reclassifications, foreign tax withholding and other tax
related issues
* Reconciliation of year end tax liabilities versus weekly IRS
deposits
*
Supervision of staff daily controls and regulatory reports
*
Assistance with regulatory projects and development of controls
necessary to implement new tax rules, and regulations, and to
ensure compliance within those rules
*
Identification and participation in process design to achieve
better controls, compliance and efficiency
*
Support of audits with IRS and Internal Audit (IA), and any other
special audits
*
Review, validation, re-certification and processing of forms W-8
and W-9 and related documentation according to IRS Chapter 3,
chapter 61, and FATCA regulations
*
Review and maintenance of written Tax Operations policy and
procedures, gap analysis, and response to inquiries from
operational areas and central teams
*
Assist with obtaining market specific documentation from clients
to assist with EDS elections and long form reclaims, and interact
with Dividends and Income team to support EDS elections
*
Supervision of Global Custody activity, foreign tax reclaim
submissions, including tracking aged items, assisting with
periodic outreaches to foreign tax authorities, and providing
training to Tax Operations colleagues
Minimum Qualifications:
* Bachelor s degree in Accounting, Finance, Business or similar.
* 3 - 6 years tax information reporting, withholding and tax
document management experience
* Understanding and expert knowledge of IRS Forms W-9 and W-8 and
their associated requirements; Forms 1099 series, 1042-S; Forms
945 and 1042
* Strong knowledge of Income Sourcing rules
* Experience and familiarity with global markets
* Highly ethical and control oriented
* Strong team and leadership skills
* Innovative and adept at assessing process improvement
* Excellent knowledge and understanding of tax accounting rules and
regulations
* Knowledge of Broadridge systems/products
* Experience in the development and deployment of reporting systems
/ tools
* Understanding of system requirements and capabilities to ensure
appropriate controls and processes
* High Proficiency in standard Microsoft applications including
Excel
* Strong communication, multi-tasking, analytical, and
organizational skills
* Solutions-oriented thinker who is able to generate creative ideas
* Effective analytical, organizational, and problem-solving skills
* Strong verbal and written communication skills
Preferred Qualifications:
* Knowledge of TMS (Tax Managed Services) system
* Proficiency in MD3 validation software
* Experience using DTC
FINRA Registrations Required:
* Not Applicable
BNP Paribas is committed to providing a work environment that fosters
diversity, inclusion, and equal employment opportunity without regard
to race, color, gender, age, creed, sex, religion, national origin,
disability (physical or mental), marital status, citizenship,
ancestry, sexual orientation, gender identity and gender expression,
or any other legally protected status.

* The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.

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