Analyst, Tax Operations

HSBC is a global banking organization focused on opening up opportunities for customers, employees, investors, and communities. The Analyst, Tax Operations role oversees tax withholding, reporting, reconciliation, system tax rules, client certifications, and related services while ensuring regulatory compliance, risk management, and high-quality client support.

What you'll do:

• Daily analysis and processing of Chapter 3, Chapter 4, and Chapter 62 withholding on CA/Income events
• Reconciliation of withholding tax and income/exemptions codes reported to the clients
• Communicating and processing elective dividends through the depository with respect to foreign withholding rates
• Client certification of foreign positions through the use of external platforms such as Acupay
• Ensure the ongoing development and maintenance of written procedures and adherence to all US regulations as related to the services, along with the adherence to internal banks and business line procedures and policies
• Reconcile and prepare client 1099 and 1042s forms
• Analyze, review, and update client Cost Basis for securities held in Arranged Finance accounts
• Communicate tax-related changes that have impacted on information, documentation, reporting and withholding regulations to clients via the issuance of Market Updates/Newsletters
• Provide support and guidance to all internal tax related areas with respect to tax related queries
• To contribute to the maintenance of an effective quality service and reduce client risk to a minimum by ensuring that all work is processed within agreed timelines and complex client queries are responded to efficiently
• To work with the other teams to ensure HSS continue to provide a top quality services to our clients
• Each employee must be aware of the Operational Risk scenario associated with the role and acts in a manner that takes account of operational risk considerations

What they're looking for:

• In compliance with applicable laws, HSBC is committed to employing only those who are authorized to work in the US. Applicants must be legally authorized to work in the U.S. as HSBC will not engage in immigration sponsorship for this position
• Computer literacy, knowledge of Excel and Word, detailed oriented, good problem solver, should have good communication skills
• Must have strong overall knowledge of Domestic markets, with emphasis on Equity and Fixed Income products
• Minimum of a BA/BS degree or equivalent industry experience

Benefits:

• Tailored professional development opportunities to ensure you have the right skills for today and tomorrow
• A robust Wellness Hub
• An industry-leading volunteerism policy
• A generous matching gift program
• A comprehensive program of immersive Sustainability and Climate Change Initiatives
• Employee Resource Groups supporting employee development and networking