Wealth Management - Client Tax Operations Analyst

JPMorgan Chase Bank, NA
Newark, DE
Jul 30, 2022
Aug 08, 2022
Full Time
The Tax Operations Analyst will be part of a team responsible for the tax data integrity of transactions processed within our accounting systems and the production of the 1099s, 1042S forms, and tax packages for our Wealth Management Clients. As a team member, you will be expected to perform the daily activities required to meet tax withholding and reporting requirements including an understanding and analysis of the tax treatment of financial instruments and adjustments to basis. You will also assist the team with the year-end tax withholding and reporting process, understand controls, and participate in reviews to provide consistent and accurate tax reporting in accordance with regulatory requirements to our Wealth Management Clients. The Tax Operations Analyst is expected to have an understanding of the financial activity as it relates to tax withholding and reporting. A holistic understanding of the tax cost and reporting process as it relates to specific financial instruments. The Tax Operations Analyst is expected to assist the team with tax projects that impact our accounting system including system enhancements, transition of accounts from other platforms, new securities, and new services. The Tax Operations Analyst is expected to perform the daily activities and be flexible in working the required hours, which may include some weekends and holidays. (Heavy volume periods - first and fourth quarter) Responsibilities Analyze transactional activity for consistency and accuracy; liaise with appropriate team(s) and/or individual(s) to facilitate the required adjustments Assess the impact of industry, legislative, and/or other changes and develop and communicate required procedural changes resulting from the industry and legislative changes Perform required reconciliations Perform analysis on tax and security research Research historical activity as necessary to respond to internal business partners in adherence to our service level agreements Review and analyze the integrity of data (client, security, and transactional) Responsible for required tax withholding and reporting Perform data and tax package analysis as well as year-end controls and verification Create and distribute the 1099s, 1042S forms, and tax packages Ability to identify areas of improvement and recommend efficiency enhancements Cross train with other team members, other operational teams, and CSG Document and enhance procedures and training documentation Document and enhance MIS relating to data analysis, inquiries, and maintain daily MIS Ensure adherence to procedures, control policies, and service level agreements Communicate and participate in multiple operational, technological, and business projects (business requirements, testing, implementation, procedures, etc.) Liaise with business partners to assist in the development, enhancement, and implementation of best practices (other areas of Wealth Management, Investment Bank, and the firm) Provide tax guidance to other operational teams (Income, Corporate Actions, Mutual Funds, CSG, and internal/external colleagues) Serve as a subject matter expert Support the team's structure and goals Qualifications Two to four years of financial/operational experience; tax experience required Ability to multi-task, plan, and prioritize in a fast-paced environment across multiple financial instruments Ability to work as a strong team member Advanced problem solving and analytical skills Excellent time management and strong organizational skills Self-directed and motivated with attention to detail Strong oral and written communication skills; comfortable with scheduling and facilitating discussions Strong reconciliation skills Flexibility to work extended hours as needed Proficient with Microsoft Products - Word, Excel, Power Point, Project, and Access BS/BA required JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the JP Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management. We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs. The health and safety of our colleagues, candidates, clients and communities has been a top priority in light of the COVID-19 pandemic. JPMorgan Chase was awarded the "WELL Health-Safety Rating" for all of our 6,200 locations globally based on our operational policies, maintenance protocols, stakeholder engagement and emergency plans to address a post-COVID-19 environment.As a part of our commitment to health and safety, we have implemented various COVID-related health and safety requirements for our workforce. Employees are expected to follow the Firm's current COVID-19 or other infectious disease health and safety requirements, including local requirements. Requirements include sharing information including your vaccine card in the firm's vaccine record tool, and may include mask wearing. Requirements may change in the future with the evolving public health landscape. JPMorgan Chase will consider accommodation requests as required by applicable law.Equal Opportunity Employer/Disability/Veterans