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Tax Analyst

Company: HSBC
Location: Jersey City
Posted on: June 20, 2022

Job Description:

**Description**At HSBC, the health and well-being of our employees remains of utmost importance. Many of our roles are permitted to work from home (in states in which HSBC is licensed to operate) until further notice. Upon resumption of normal operations, this role may be performed at our New Jersey, Jersey City office.Primary Responsibilities/Essential Functions:+ Strong understanding of the DTCC EDS process including interpreting important notices+ Strong understanding of cost basis reporting (1099B), previous experience working with Refinitiv a plus+ Daily analysis and processing of NRA 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.+ Insure 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.+ Communicate tax-related changes that have impacted on information, documentation, reporting ad 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.Management of Risk+ 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.+ Each employee must ensure compliance, operational risk controls in accordance with HSBC or regulatory standards and policies; and optimize relations with regulators by addressing any issues.+ Each employee must promote an environment that supports diversity and reflects the HSBC brand.Observation of Internal Controls+ Each employee must maintain HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators. Any failures to comply with the above should be reflected in year end performance assessments.+ Each employee must understand, follow and demonstrate compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business in which the jobholder is involved, specifically Internal Controls and any Compliance policy including, inter alia, the Group Compliance policy.**Qualifications**Employment eligibility to work with HSBC in the U.S. is required as the company will not pursue visa sponsorship for these positions.+ Computer literacy, intermediate knowledge of MS Excel a must. Working knowledge of MS Outlook and Word.+ Must be detailed oriented, good problem solver, should have good communication skills+ Must have strong overall knowledge of US Domestic Equity markets+ Minimum of 3 years' experience in tax, knowledge of DTCC and Broadridge platforms a plusAs an HSBC employee, you will have access to tailored professional development opportunities to ensure you have the right skills for today and tomorrow. We offer a competitive pay and benefits package including a robust Wellness Hub, all in a welcoming, diverse and inclusive work environment. You will be empowered to drive HSBC's engagement with the communities we serve through an industry-leading volunteerism policy, a generous matching gift program, and a comprehensive program of immersive Sustainability and Climate Change Initiatives. You'll want to join our Employee Resource Groups as they play a central part in life at HSBC, including the development of our employees and networking inside and outside of HSBC. We value difference. We succeed together. We take responsibility. We get it done. And we want you to help us build the bank of the future!#wayupAll qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.**Job Field:** Investment Banking, Markets and Research**Primary Location:** North America-United States-New Jersey-Jersey City**Req ID:** 0000H0J8

Keywords: HSBC, Jersey City , Tax Analyst, Accounting, Auditing , Jersey City, New Jersey

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