Job Description
What is the opportunity?
Analyst will be expected to perform a number of critical Tax Operations functions related to the on-boarding of new and/or existing clients and local management of the collection. The team is aligned with other functional units within RBC CM that currently support RBC CMs businesses. This individual will report to the Tax Operations Manager of the respective functional department.
What will you do?
Ensure local compliance of tax obligations (compliance, advisory, planning) regarding the identification, tax treatment, withholding and reporting of transactional and operational taxes, particular to the Foreign Account Tax Compliance Act (FATCA), OECD Common Reporting Standards (CRS), Chapter 3/61, related Section Codes 305c, 302 etc, Hire Act (871m), Qualified Intermediary (QI), etc.
Undertake day to day activities of the Toronto Tax Operations Team for RBC CM business Units, which includes, but not limited to, key-in critical Tax Information; assist with Tax Ops projects; and respond to ad hoc requests.
Work actively with RBC Tax group to ensure that clients and entities are classified / certified correctly, and that relevant documentation is completed to achieve appropriate taxation reportability classifications and withholdability rates.
Establish a best practice approach in ensuring that clients, counterparties and internal business partners receive appropriate attention and that all queries are responded to and resolved in a timely fashion.
Ensure team, and related processes are kept up to date with changing tax regimes as they apply to RBC CM businesses and clients.
Assisting in the completion of audit preparedness planning and execution.
Develop reporting and ensure provision of weekly, monthly and annual KPIs and KRIs.
Support all system testing and drive changes to improve process efficiency.
Ensure procedures are regularly maintained and updated for all processes.
What you need to succeed?
Must have
University degree or College Diploma or any equivalent combination of qualifications and/or experience.
Strong organizational and time management skills.
Problem Solving /Analytical Thinking.
Diplomacy and tact to deal with staff and all levels of internal and external clients.
Developing a culture of continuous self-development.
Nice to have
Knowledge of FATCA, CRS and IRS regulations
Knowledge of W8 and W9 series form
What’s in it for you?
We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual
Work in a dynamic, collaborative, progressive, and high-performing team
Ability to make a difference and lasting impact
#LI-KA2
Job Skills
Adaptability, Critical Thinking, Customer Service, Decision Making, Effectiveness Measurement, Operational Delivery, Process Improvements, Time ManagementAdditional Job Details
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Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
Inclusion and Equal Opportunity Employment
At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.
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RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.