The Client Tax Operations Utility’s primary responsibility is to maximize the client experience and comply with tax regulations globally by facilitating the collection of valid client tax documentation, the application of withholding tax and refunds and the submission of regulatory reporting. This is a dynamic function requiring consistent compliance and controls, enhanced response to regulatory and market changes and operational excellence in our business processes and technology.
Key Responsibilities:
The incumbent will be part of a team who have responsibility for the following:
- Validation of tax documents and certificates received in accordance with JPMorgan and market level polices.
- Opening client accounts in JP Morgan tax system in partnership with sub custodian network.
- Setting client trade settlement instructions and monitoring of client asset movements to the appropriate tax rate accounts.
- Lodgement of tax certificates and declarations with sub-custodians and depositories globally to facilitate tax relief.
- Performing regular reviews of clients to ensure they are receiving the appropriate tax treatment in each global market.
- Provide status updates supporting market account openings and client fund launches ensuring that regular metrics and milestones are provided.
- Ensure accurate completion of market documentation with market naming conventions, obtain sign-off in line with the JP Morgan & Agent Policy. Arrange for legalisation where required.
- Monitor and maintain changes for a client based on notification of tax changes.
- Relationship building with all key contacts both internal & external.
- In addition the incumbent will have ownership for specific MIS metrics and will be responsible for reporting to management team on a weekly basis.
