The U.S. Information Withholding & Reporting, QI and FATCA Advisory and Front Office Advisory Support person must have a strong financial services background, some financial products transaction analysis and significant experience in tax research with respect to U.S. Information Reporting and Withholding, QI and FATCA regulations.
- Develop tax technical global policy and guidance on behalf of the U.S. Branch, Private Bank, Broker Dealer and subsidiaries, including Qualified Intermediaries, to assist with implementing and complying with the documentation, withholding tax and information reporting requirements consistent with the U.S. Internal Revenue Code (including but not limited to Ch. 3, Ch. 4, Ch. 61 and the QI Agreement).
- Ensure the above policy and guidance is maintained by conducting periodic reviews of the U.S. and Canada tax operations teams and processes regarding U.S. information reporting and withholding tax.
- Ensure the above policy and guidance is maintained for non-U.S. entities, branches and subsidiaries, including Qualified Intermediaries, by liaising with global Compliance teams to provide lead tax technical advisory and strategy.
- Provide tax technical and practical implementation advice to both U.S. and global operational teams and business units regarding U.S. information reporting and withholding tax (including Qualified Intermediaries/QDDs and FATCA advice).
Provide tax technical advice to certain front office teams regarding the structuring and implementation of new activities and transactions with customers and own account transactions
Assist the Head of Front Office Tax Advisory with structuring new global financial service activities by researching identified issues, modeling the impacts of the tax treatment of the transactions and assist in the drafting of tax technical memos memorializing the analysis and conclusions of the relevant tax law related the new activity
Assist global legal teams and business units with U.S. information reporting and withholding tax advisory as it pertains to global trading agreements (e.g. ISDA, GMSLA, etc.) and new activity.
Update the global organization on information withholding and reporting tax law changes impacting businesses and participate in industry associations regarding such topics.
Serve as the direct face of the organization to the IRS on behalf of the U.S. entities, QIs and FFIs on all matters relating to Ch. 3, Ch.4 and CH. 61 compliance.
Liaise with Group Tax and Compliance to foster global U.S. information reporting and withholding tax compliance.
Lead domestic and global training on U.S. information reporting and withholding tax.
Review tax sections of legal agreements (e.g., credit agreements, MSLAs, ISDAs, etc.), and opine on appropriateness of tax representations/analysis
Perform secondary tax controls (e.g., tax shelter transaction certifications, provide updates on whether tax opinions solicited for new transactions for the quarter, perform MLP certification controls, etc.)
Assist the Head of Front Office Tax Advisory in reviewing global 871(m) controls plans to ensure controls meet technical requirements of the law
Assist with the drafting of tax guidelines (where applicable) for the business to follow with the development of new trades
8-12 years Financial Services industry experience, with subject matter expertise in FATCA and Qualified Intermediary taxation. Experience in the U.S. information reporting and tax withholding related to banking and brokerage a plus
1-4 years Financial products structuring or researching related to banking and broker dealer transactions a plus
Advanced degree (MBA, MST, JD, or LL.M, …) and/or certification (CPA, Enrolled Agent,…) required
Professional standing, strong interpersonal communication skills, and presentation skills
Detail-oriented with good intuitive reasoning and project management skills
Strong communication, analytical, organizational and research skills
High motivation with an entrepreneurial spirit
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.