Assistant Manager – US Tax Operations

About BNP ParibasBNP Paribas Group – Europe’s leading bank and a global banking champion operating in 65 countries with ~185 000 employees. The Group offers commercial, personal, investment, protection and corporate‑institutional services through an integrated, diversified model that supports individuals, SMEs, corporates and institutions worldwide.BNP Paribas India Solutions – A wholly‑owned subsidiary of BNP Paribas SA, created in 2005. With delivery centres in Bengaluru, Chennai and Mumbai, the 24 × 7 global delivery hub serves Corporate & Institutional Banking, Investment Solutions and Retail Banking across the Group. Over 10 000 employees collaborate to design and deliver best‑in‑class solutions for our clients.Position PurposeThe Assistant Manager joins Global Tax Operations (GMO) for the Americas, where the team designs and maintains operational procedures and controls to meet U.S. IRS reporting obligations (Forms 1099, 1042‑S under IRC Chapters 3, 4, 61, FATCA, etc.). Core duties include:- Maintaining client and counter‑party tax documentation (W‑8/W‑9). - Withholding, remitting and e‑filing taxes (Forms 1099, 1042‑S, 945, 1042) on schedule. - Preparing and filing annual 945 and 1042 returns. - Collaborating with US Corporate Tax on new legislation and translating requirements into business and IT enhancements. - Supporting cost‑basis updates, transfer‑reporting, and corporate‑action events via the GENEVA portfolio‑accounting system.The role therefore ensures regulatory compliance, accurate tax reporting, and seamless integration of new tax rules into the bank’s operational framework.Responsibilities- Management of tax reporting, withholding, and documentation processing for Prime Brokerage business line in strict compliance with IRC Chapters 3, 4, 61, 871(m), 305(c), and FATCA regulations. - Supervision of staff to ensure support of tax form collection during client onboarding/recertification, payment tracking and tax withholding processing, and submission of year-end 1099, 1042-S, 945, and 1042 reporting in line with regulatory deadlines. - Oversight of existing controls policies, support of IT system enhancement. - Essential duties and responsibilities include the following: - Confirm accurate tax treatment of corporate action events utilizing third party vendor resources (CCH) assessing the material impact for cost basis tracking and reporting - Daily contribution to the management of all incoming client and counterparties inquiries via team inboxes (i.e. tax form corrections, US NRA withholding tax reversals or tax rate adjustments) - Collaborate with internal business stakeholders such as PM teams, Internal Systems support, Front Office Personnel, Operations personnel, and US Corporate Tax - Support new client onboarding through the review, validation, and referential data updates associated with W-8 and W-9 client tax forms submissions and related documentation according to IRS Chapter 3, chapter 61, and FATCA regulations - Support weekly reconciliation of accrued tax withholding, the IRS remittance process, and monitoring remediation of tax ledger cash reconciliation breaks - Coordination of all year‐end tax information for activities/products in scope and reporting of information in accordance with IRS requirements - Support preparation for yearend production, and contribute to management and remediation of simulation exception report findings - Coordinate with the primary tax vendors utilized by the bank to ensure proper coordination and data integrity associated with income allocation data for UBOs associated with the bank’s Non-Withholding Foreign Partnership and Non-Qualified Intermediary client population - Support year end information reporting production in Q1 of each year in order to contribute to the bank’s requirement to fulfill timely and accurate production of Forms 1099 & 1042-S - Perform quality assurance reviews of year end income reclassification of dividend income paid by RIC and REIT issuers reported on Forms 1099 & 1042-S Contributing Responsibilities - Identification and participation in process design workshops to achieve better controls, compliance and efficiency - Review of Tax Operations policies and procedures supporting various business lines, performance of gap analysis, and drafting of business remediation plans - Support of technology and system migration projects for workflow enhancements and support for new regulatory requirements - Contribution towards departmental obligations to adhere to strict regulatory and compliance requirements, per IRS and BNP Paribas policyQualification- Bachelor Degree or equivalent - Experience Level - At least 7 years - Other/Specific Qualifications (if required)Commitment to Diversity & InclusionWe foster a workplace where every employee is respected, valued and free to bring their authentic self to work. Discrimination or harassment of any kind is prohibited. Our policies guarantee equal employment opportunity irrespective of gender, gender identity, sexual orientation, ethnicity, race, colour, national origin, age, religion, disability, veteran status or any other protected characteristic.

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