Morgan Stanley Client Tax Reporting Manager in New York, New York
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.
As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
Operations is one of the largest divisions in the firm and has diverse responsibilities, including correctly settling and recording millions of transactions per day, identifying and mitigating all operational risks, developing strong client relationships and partnering with technology to realize the full potential of IT and e-solutions. Throughout, the Operations department continually seeks ways to improve while actively supporting the development of new businesses, structures and markets.
Background on the Team
Global Wealth Management Operations provides brokerage, investment and financial services to hundreds of thousands of individual investors. We apply our expertise in serving institutional clients to create new opportunities for people to achieve their personal financial goals. Morgan Stanley has one of the largest retail brokerage networks, with numerous worldwide representatives and retail locations. Our services are tailored to each client's investment objectives, risk tolerance, and financial needs. Products include mutual funds, stocks, bonds, and alternative investments where appropriate, as well as banking, mortgages, insurance and annuities.
The Client Tax Reporting Department is responsible for ensuring that all IRS Tax documentations, withholding, reporting, deposits and filing obligations of the Firm are met. The Client Tax Director position is required to perform numerous daily functions, including review and approval of tax documentations including W-9 and W-8s, review of control reports and assist with year-end 1042-S/1099 reporting, assist with testing and quality review of various IT implementation for the department. Answer a wide range of complex questions related to tax documentation, withholding and reporting coming from our branch offices and internal business partners.
High Level Primary Responsibilities include:
- Support with documentation of integration of E-Trade tax functions with MS tax functions
-Assist with testing of E-Trade integration processes and conduct progression testing
-Assist in reviewing Year End Processing and mass corrections
-Work with different business units to address tax documentation issues
- Review and address withholding and reporting exception reports
-Assist in creating and reviewing audit procedure documentation
-Assist with daily remittance of withholding taxes to IRS and various state agencies
-Assist with state registration and testing of state setup
Qualifications and Skills required
-Ability to multitask and take ownership of complex issues and meet tight deadlines.
-Ability to quickly identify an issue, coupled with the ability to succinctly articulate and escalate the issue, impact and corrective action to management.
-Ability to operate across all functional areas across Business Unit, Corporate Tax, Technology, Compliance, Audit and Risk.
-Ability to document process flows, desktop and written supervisory procedures.
-Highly Organized and Detail Oriented.
-Attention to detail and meeting deadlines.
-Excellent verbal and written communication skills.
-Excellent analytical and problem solving skills.
-Comprehensive understanding of Microsoft Excel.
-A good understanding of Operations, Technology, & Risk.
-Advanced MS Office skills, including MS Excel, PowerPoint, Word and MS Project.
-Ops series 99 required
Title: Client Tax Reporting Manager
Location: New York-New York
Requisition ID: 3177356