Cost Basis Corporate Actions Tax Analyst

Job description

In a changing world, unprecedented challenges require unmatched talent. Join one of Montreal’s Top Employers in 2023. We are a dynamic and growing organization having its main establishment located in downtown Montreal and part of a leading international banking institution fully committed to building a more sustainable future. Note that the position may be in the Canadian Branch of BNP Paribas or in one of its subsidiaries based in Montreal.

The position at a glance

The NA GMO Controls & Regulatory Oversight ITO Tax Operations department is responsible for establishing operational procedures and controls to comply with IRS, FATCA, and AEOI regulations relating to US tax information reporting. ITO 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. The group collaborates with BNP Paribas Corporate Tax to assess the impact of new tax legislative, 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; ITO 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. ITO Tax Operations covers multiple business lines, functions, and regions within various BNP Paribas entities.

In detail

Monitor client on-boarding and ensure that required tax documents are received
Validate tax forms using internal guidelines and IRS approved MD3 software
Manage client data and update tax information in internal onboarding repository systems
Assist with annual solicitation of expiring tax documents
Support development of technical business requirements and UAT of application enhancements
Provide support for internal and external audits
Correspond with internal BNP Paribas divisions such as Due Diligence, Client Onboarding, and Static Data to assist with resolving client inquires and concerns
Adhere to regulatory changes by working with business and IT groups to enhance systems and procedures
Assist with production of year end 1099 and 1042-S reporting
Support incoming front office and client inquiries and regarding 1099 and 1042-S reporting, and assist with amending 1099 and 1042-S forms which require corrections
Investigate IRS notices and penalties, providing research used to draft responses submitted to the IRS

Required experience and qualifications

The strengths and skills that will help you succeed

BA required
Knowledge of the English language is required
Proficient computer skills, particularly in the use of Microsoft Office Access, Excel and/or other business related software programs.
Quick learner, taking detailed notes as references
Driven by client needs and satisfaction
Proactive, motivated and willing to absorb new concepts
Detail oriented with strong analytical and problem solving skills
Proven ability to act under pressure and tight deadlines
Strong verbal and written communication skills
Preferred Qualifications:

1-3 years of tax information reporting, withholding, tax documentation management experience in the financial services industry, or transferrable tax related knowledge and skills
Strong knowledge and comprehension of Internal Revenue Codes Chapter 3, Chapter 4, and Chapter 61
Knowledge of Broadridge systems/products such as BPS, TMS (Tax Managed Services) and TDS (Tax Data Solutions)
Experience validating client tax docs (Forms W-8 series, Forms W-9), and updating back office static data and referential data systems
Strong team player with well-developed written and verbal communication skills
Control orientated mindset and approach to managing business as usual work tasks
Advanced Microsoft Excel experience and skills
Ability to perform multiple tasks and meet established deadlines in a fast pace work environment with minimal supervision.
Solutions oriented thinker who is able to generate creative ideas
Effective analytical, organizational, and problem resolution skills
Knowledge of FATCA would be great.
What’s in it for you

In addition to competitive compensation, we offer flexible benefits including a family and spouse insurance program, a defined contribution pension plan and paid days for volunteering. Hybrid work arrangements, such as remote working up to 50% and flexible working hours are available for most positions. BNP Paribas provides excellent training and personal development programs, as well as opportunities for career development within the company and internationally.

To find out more about our range of benefits, click here

What you need to know

We will review candidates as they apply, so don’t wait to submit your application;
If you are selected to participate in the recruitment process, please inform Human Resources of any accommodations you may require. BNP Paribas will work with you to ensure that you are able to participate fully in the process;
You must be legally eligible to work in the Greater Montreal area and, if applicable, hold a valid work or study permit. Physical presence in BNP Paribas’ office(s) is an essential function of this position;
Given the vast majority of our clients, both internal and external, are based outside of Quebec and Canada, specific language requirements may apply. These will be clearly mentioned in the qualifications of the position;
Diversity, Equity and Inclusion (DE&I) at the heart of our commitments

At BNP Paribas all employees are on an equal footing allowing us to create a work environment that values and respects people for their talents, skills and competences.

BNP Paribas recruits, employs, trains, compensates and promotes regardless of race, religion, colour, national origin, sex, disability, age, and other protected status (Employment Equity Act and Canadian Human Right Act).

To learn more about our DE&I commitments, click here

About us

BNP Paribas is the top bank in the European Union and a major international banking establishment. Present in 65 countries, with more than 190,000 employees, the bank holds key positions in several areas of banking and financial services.

BNP Paribas’ mission is to contribute to a responsible and sustainable economy by financing and advising its clients according to the highest ethical standards, while striving to respond to essential concerns in terms of the environment, regional development and social inclusion.

Since 1961, BNP Paribas has supported large Canadian companies and institutions in their business development by offering a full range of specialized financial services and investment products.

With over 1,200 employees, BNP Paribas in Canada continues to attract experts from diverse fields as well as ambitious young talent from around the world. We are proud to offer our employees a rewarding and international workplace where they can build their professional careers by honing their skills, meeting challenges and enriching their knowledge of the financial industry.

Our certifications and partnerships

Montreal Top Employer 2023
Canada’s Best Diversity Employer 2023
Women in Governance – Parity certified – Gold certification
CCDI Consulting Inc. (Canadian Center for Diversity and Inclusion)
Pride at Work Canada
Rainbow Accreditation issued by Canada’s LGBT+ Chamber of Commerce (CGLCC)
ROSEPH – Grouping of specialized organizations for the employment of persons with disabilities
IndigenousWorks

** Only selected applications that meet the requirements of the role will be contacted **

Job posting period

Until 2023-07-15 at 20:27