Manage end-to-end year-end tax reporting processes for bank-issued products, including deposit accounts, lending products, and investment-related income streams.
Perform IRS TIN Matching and validation processes to ensure accurate customer tax identification and minimize backup withholding risk.
Prepare, validate, and distribute Forms 1099 and Forms 1042‑S for U.S. and non-U.S. clients.
Ensure compliance with IRS regulations, including withholding and reporting under Chapters 3 and 4 (FATCA), and backup withholding rules.
Reconcile tax reporting data to core banking systems, sub-ledgers, and the general ledger; research and resolve discrepancies.
Support withholding calculations, including adjustments related to corrected income classifications or client tax status changes.
Manage corrections and amended filings (1099/1042‑S) and ensure proper client notification.
Submit tax information returns and coordinate state-level reporting where applicable.
Maintain strong audit trails and documentation supporting tax reporting processes, controls, and reconciliations.
Partner with Compliance and Legal teams to interpret and implement regulatory changes impacting tax reporting.
Respond to inquiries from clients, internal stakeholders, and regulators related to tax reporting and withholding.
Identify and implement process improvements, including automation and enhanced data quality controls across reporting systems.
Required Qualifications
Bachelor's degree in accounting, Finance, Tax, or related discipline.
2-5 years of experience in tax reporting, preferably within financial services or banking.
Experience with IRS information reporting requirements, including Forms 1099 and 1042‑S.
Technical Knowledge & Skills
Strong understanding of U.S. tax information reporting requirements within a banking environment.
Knowledge of withholding rules for U.S. persons and non-U.S. persons, including NRA withholding and FATCA classification.
Familiarity with IRS TIN Matching, backup withholding, and due diligence requirements (e.g., W-9, W-8 series documentation).
Experience preparing and filing Forms 1099 and 1042‑S, including corrections and amendments.
Understanding financial products and associated tax implications (interest, dividends, original issue discount, broker transactions).
Strong data reconciliation, analysis, and problem-solving skills.
Advanced proficiency in Microsoft Excel (large datasets, pivot tables, data validation).
Experience with tax reporting or banking systems (e.g., FIS, Fiserv, Broadridge, Sovos, OneSource, or similar platforms).
Working knowledge of database tools and ability to query data (SQL preferred).
Core Competencies
Detail-oriented with a high level of accuracy and control awareness.
Strong analytical and investigative mindset.
Ability to manage competing deadlines in a highly regulated environment.
Effective communication skills, including the ability to explain tax concepts to non-tax stakeholders.
Strong collaboration skills across Operations, Technology, and Compliance teams.
Proactive approach to risk identification and mitigation.
Requirements
Experience in large financial institutions or global banking environments.
Familiarity with FATCA/CRS reporting frameworks.
Experience supporting audits, regulatory exams, or internal control testing.
Exposure to process automation, data governance, or regulatory reporting transformation initiatives.
The typical base pay range for this role i
Benefits
Vision insuranceRemote work options
Additional Information
Do you want your voice heard and your actions to count?
Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world's leading financial groups. Across the globe, we're 150,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.
With a vision to be the world's most trusted financial group, it's part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.
Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.
The selected colleague will work at an MUFG office or client sites four days per week and work remotely one day. A member of our recruitment team will provide more details.
The Tax Reporting AVP is responsible for executing year-end U.S. tax reporting in compliance with IRS regulations and internal controls. This role supports critical reporting functions including Forms 1099 and 1042‑S, TIN validation, and withholding compliance across a wide range of financial products and client types. The AVP will work closely with Operations, Compliance, Technology, and business lines to ensure accurate reporting of customer income, withholding, and tax classifications.
Mufgub · Tampa, FL