Tax Operations Analyst

What is the opportunity?

You 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 CM’s businesses. You 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 and Qualified Intermediary (QI).
• Undertake day to day activities of the Toronto Tax Operations Team for RBC CM business Units, which includes, but not limited to, Controls and Governance infrastructure, integration of Tax processes across various systems, departments and infrastructure.
• Participated in the development and implementation of internal controls and periodic control testing surrounding the due diligence, withholding, and reporting of taxes under in-scope regulations, ensuring these are effectively managed, document findings and report results to senior management.
• Collaborated with second-line defense groups and internal audit in evaluation of control effectiveness and efficiencies, assist in the completion of audit preparedness planning and execution.
• Assist to 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.
• Support all system testing and drive changes to improve process efficiency.
• Ensure procedures are regularly maintained and updated for all processes.
• Work to ensure that all projects raised internally or by the Operations Engineering Team are supported by the team and delivered to the best abilities of the team.
• The RBC attestation policy should be adhered to by account preparers and all accounts accurately assigned with an appropriate attestation status within the month end timetable.

What you need to succeed?

• Bachelor’s degree in Finance, Accounting, Risk, Business or related equivalent, advanced deree or certifications preferred
• Experience in an Operations, Risk management, or Compliance environment of a financial institution preferred
• Familiarity with FATCA, CRS, Chapter 3/61 of the Internal Revenue Code, Qualified Intermediaries, 871(m), 1446 or other withholding and reporting regimes
• Understanding of financial instruments data across all asset classes
• Advanced proficiency with Microsoft Office applications (i.e. Excel, PowerPoint) is required
• Well organized and extremely detail oriented
• Strong written and oral communication skills
• Strong problem solving and analytical skills
• Self-driven individual with strong ability to work in a team-oriented, collaborative environment
• Risk conscious and focused on developing controls.

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.

• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation
• Leaders who support your development through coaching and managing opportunities
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work
• Flexible work/life balance options

Job Skills

Additional Job Details

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above