Tax Operations Analyst

Job title:

Tax Operations Analyst

Company

Royal Bank of Canada

Job description

Job SummaryJob DescriptionWhat 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.
• Contact clients to obtain updated tax documentation declaring status under FATCA and CRS, when necessary
• Contact clients to obtain updated tax documentation declaring status under FATCA and CRS, when necessary
• 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.
• Contact clients to obtain updated tax documentation declaring status under FATCA and CRS, when necessary

What you need to succeed?

• Bachelor’s degree in Finance, Accounting, Risk, Business or related equivalent, advanced degree 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
• 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

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 Adaptability, Critical Thinking, Customer Service, Decision Making, Effectiveness Measurement, Operational Delivery, Process Improvements, Time ManagementAdditional Job DetailsAddress: RBC CENTRE, 155 WELLINGTON ST W:TORONTOCity: TORONTOCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: CAPITAL MARKETSJob Type: RegularPay Type: SalariedPosted Date: 2025-03-17Application Deadline: 2025-04-01Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date aboveInclusion and Equal Opportunity EmploymentAt RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.Join our Talent CommunityStay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at .

Expected salary

Location

Toronto, ON

Job date

Wed, 19 Mar 2025 07:58:10 GMT

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