Tax Operations Analyst

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 CM's businesses. This individual will report to the Tax Operations Manager of the respective functional department.

Primary Responsibilities:

• 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 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.

• 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.

• Assisting in the completion of audit preparedness planning and execution

• Support all system testing and drive changes to improve process efficiency.

• 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.

Details regarding the types of experience required:

• Experience within an Operations environment of a financial institution.

Education, certification and designation requirements:

Required: The employee should be educated to a minimum of a University Degree within a Financial or Economic sector, or a recognized Financial based diploma.

Preferred: Relevant Accountancy designations are a preference.

Additional capabilities and skills:

• Expert operational tax knowledge of Transaction Taxes, Withholding Tax or Capital Gains Tax and how they impact operational processing and infrastructure.

• Familiarity in respect to Entity structures and knowledge of tax impacts on varying transactional flows and asset classes.

• Experience in the application to Tax Operations

• Good interpersonal skills are essential, with the ability to coordinate external as well as internal relations and attend meetings or functions where required.

• A flexible, pro-active attitude with the ability to adapt to changing requirements.

• To demonstrate a calm, logical approach to all situations

• Be able to work well under pressure

• Good attention to detail

• Can work well as an individual and as a team member.

• Risk conscious and focused on developing controls.

• To ensure all daily tasks are completed in line with the department procedure manuals and that controls are adequately evidenced.

• Ensure that own personal objective goals, job mandates and appraisals are maintained and updated in-line with RBCCM standards and deadlines.

• Take an active role in identifying own training and development requirements and work with manager to agree courses and timeline to attend training.

• Ensure that all RBC Campus Compliance and Policy courses are completed accurately within stated deadlines.

Job Skills

Adaptability, Critical Thinking, Customer Service, Decision Making, Effectiveness Measurement, Operational Delivery, Process Improvements, Time Management

Additional Job Details

RBC CENTRE, 155 WELLINGTON ST W:TORONTOTORONTOCanada37.5Full timeCAPITAL MARKETSRegularSalaried2024-10-152024-10-29