Work Location:

New York, New York, United States of America

Hours:

40

Line of Business:

TD Securities

Pay Detail:

$70,000 - $80,000 USD

TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs.

As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

Job Description:

Preferred Qualifications:

Global Operations and Business Services is a diverse and dynamic group of people delivering continued business success through leadership, collaboration, innovation, and visionary thinking. We provide critical infrastructure services that support and control the trading, investment, and corporate banking functions of TD Securities.

Within our core values, we foster a culture of diversity, inclusion and community support/giving.

The mandate of the Tax Operations team is to ensure various TD legal entities in the wholesale business are compliant from an IRS perspective. The team focuses their initiatives around Internal Revenue Code Chapters 3, 4 and 61, as well as CRS compliance and FATCA/CRS client due diligence.

The TDS tax operations team interfaces with various teams in London, Singapore, New York & Canada who work collaboratively to maintain compliance in all the regions in which TD Securities operates. The Tax Ops team is responsible for tax form due diligence, withholding and information reporting to the IRS and non-US tax authorities.

Role Details:

TD Securities Tax Operations Analysts manage daily and periodic processes to maintain compliance with all applicable tax regulations in the jurisdictions where TD Securities operates. This includes cross-functional processes centered around onboarding, client due diligence, document validation, client and regulatory reporting. Analysts are expected to be proficient with IRC Chapters 3, 4 and 61, and CRS due diligence requirements.

As a level-2 analyst, the candidate will be expected to take a leadership role in driving change within the team, interfacing with stakeholders within TD on regulatory projects and process enhancements, while maintaining a high level of productivity in BAU tasks.

This role will appeal to an individual who has good interpersonal and organizational skills and is comfortable taking personal initiative to identify opportunities for enhancement and drive change while effectively completing BAU tasks.

Job Accountabilities

• Complete tax-related processes across multiple TD legal entities and business lines
• Provide subject matter expertise and operational support related to FATCA and the OECD's Common Reporting Standard
• Interface with tax stakeholders within Operations, Middle Office, Compliance and Regulatory/Strategic Change to ensure efficiency and compliance for tax-related processes
• Ensure appropriate and timely identification and escalation of issues related to tax processes
• Ensure adherence to all applicable SLAs
• Maintain a high level of customer satisfaction with both internal and external customers

Job Requirements

• Subject matter expertise in IRC Chapters 3, 4 and 61, OECD CRS guidelines, and IRS tax withholding and income reporting requirements
• Working knowledge of MS Excel, including functions such as VLOOKUP
• 3+ years of relevant experience in operational tax or regulatory compliance

The Operations Analyst TDS handles corporate actions, daily cash reconciliation, tracking file uploads into FIST, and is a DTC clearance specialist. Responsibilities include the clearance of London trading activity passing through US broker/dealers. The Operations Analyst TDS advises agent of ticket control numbers for confirmations and performs required system maintenance. In addition, the position maintains compliance files and verifies new clients are set up on FIST, acknowledging that settlement and other client instructions are complete.

Depth & Scope

• Participates in the identification, development and implementation of new products, operating workflow, additional services/applications or operational efficiencies for Global Business Services
• Identifies documents, investigates and resolves service delivery issues
• Manages relationships with the client, and other areas of TDS / GBS
• Participates in projects follows project management methodologies, communicates project status and provides timely escalation of issues to senior management to ensure project objectives are met
• Interfaces with regulators, external groups (legal firms, accountants etc.), suppliers on operating and service delivery issues relative to the specific area of functional expertise as authorized by the manager
• Escalates non-standard or high risk transactions or other activities as appropriate
• Acquires and applies knowledge in the discipline, provides assistance and direction to others in TD Securities
• Identifies, recommends and effectively executes standard practices applicable to the discipline
• Protects the interests of the firm identify and manage risks
• Completes business process reviews as required
• Participates fully as a member of the team, promotes team effectiveness and contributes to a positive work environment
• Supports the team by continuously developing knowledge in own area
• Participates in performance management and development activities
• Supports change management activities around projects or initiatives undertaken ensures clear communication of new processes
• Ensures the timely communication of issues that are relevant to the team and encourages a good working relationship with other departments
• Supports the business with consistent application of BSA/AML risk escalation, review and approval processes, KYC due diligence and policies
• Contributes to the development, implementation and continuous improvement of programs, processes, policies and tools to meet BSA/AML requirements and industry best practices
• Continuously develops/maintains solid knowledge of BSA/AML/OFAC requirements, developments and issues within the Operations department

Education & Experience:

• Bachelor's degree, or specialized training / equivalent work experience
• 3+ years related experience
• Must possess a complete understanding of the products traded by TD Securities (USA) Inc.
• Must also understand systems interfaces, payment and funding processes, compensation rules, and NASD/SEC issues
• Should be able to work independently with minimal supervision, establish priorities, and possess strong communication, analytical, and problem solving skills
• Solid computer skills are a must

Who We Are

TD Securities offers a wide range of capital markets products and services to corporate, government, and institutional clients who choose us for our innovation, execution, and experience. With more than 6,500 professionals operating out of 40 cities across the globe, we help clients meet their needs today and prepare for tomorrow. Our services include underwriting and distributing new issues, providing trusted advice and industry-leading insight, extending access to global markets, and delivering integrated transaction banking solutions. In 2023, we acquired Cowen Inc., offering our clients access to a premier U.S. equities business and highly-diverse equity research franchise, while growing our strong, diversified investment bank. We are growth-oriented, people-focused, and community-minded. As a team, we work to deliver value for our clients every day.

Our Total Rewards Package
Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical and mental well-being goals. Total Rewards at TD includes base salary and variable compensation/incentive awards (e.g., eligibility for cash and/or equity incentive awards, generally through participation in an incentive plan) and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off (including Vacation PTO, Flex PTO, and Holiday PTO), banking benefits and discounts, career development, and reward and recognition. Learn more

Additional Information:
We’re delighted that you’re considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.

Colleague Development
If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD – and we’re committed to helping you identify opportunities that support your goals.

Training & Onboarding
We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.

Interview Process
We’ll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Accommodation

TD Bank is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, status as a protected veteran or any other characteristic protected under applicable federal, state, or local law.

If you are an applicant with a disability and need accommodations to complete the application process, please email TD Bank US Workplace Accommodations Program at USWAPTDO@td.com. Include your full name, best way to reach you and the accommodation needed to assist you with the applicant process.