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Job Description
What is the opportunity?
In this role, you will be responsible for all activities with respect to QI & FATCA withholding, remittance and reporting of US source income to the IRS.
What will you do?
- Ensure the accuracy, timeliness and completeness of US tax withholding, remittance and reporting of US source income
- Develop comprehensive procedures to ensure that all reporting and reconciliations comply with the IRS QI and FATCA obligations and internal audit, this includes ensuring desk operating procedures are fully documented and current
- Responsible for identifying any tax reporting discrepancies
- Participate in the development and testing phases of regulatory projects involving RTAX and various custody systems, which contain system enhancements meant to improve the overall efficiency of tax reporting, and to meet the IRS regulatory reporting requirements
- Understand & communicate interdependencies between Canadian & U.S. reporting to all constituents
- Support QI reporting responsibilities for other custody platforms, as required
- Liaise with the Tax Advisory Group to ensure regulatory requirements are met within the departments operating deliverables.
- Able to prepare US tax Forms' 945, 1042, 1099 and 1042-S, and be responsible for US REITs and RICs reclassification adjustments
What do you need to succeed?
Must-have
- University degree and/or work experience in the related field
- Knowledge of QI & FATCA withholding and reporting guidelines
- Strong technical competency in handling large data volume
- Solid Risk Management and mitigation focus mindset
- Excellent interpersonal skills and ability to multitask and work with various competing priorities and timelines
Nice to have
- Completion of the Canadian Securities Course (CSC)
- Knowledge of RBC IS' systems
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.
- Excellent exposure to communicate with various business partners and stakeholders in Investor Services and within other platforms as appropriate
- Opportunity to obtain hands-on experience throughout your role
- Working with an exciting, close-knit, supportive & dynamic group
- Opportunity to collaborate with other business segments within the bank
- Excellent career development and progression opportunities
- A comprehensive Total Rewards Program including bonuses and flexible benefits
- Competitive compensation
Job Skills
Active Learning, Adaptability, Business Appraisals, Computer Literacy, Critical Thinking, Customer Service, Decision Making, Effectiveness Measurement, Operational Delivery, Operational Efficiency, Operational Risks, Prioritization, Process Improvements, Reconciliations, Regulatory Reporting, Reporting Requirements, Risk Management, Spreadsheet Software, System Improvements, Tax Filings, Word Processing SoftwareAdditional Job Details
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Inclusion and Equal Opportunity Employment
At 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.
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