About BNP Paribas India Solutions:

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, European Union’s leading bank with an international reach. With delivery centers located in Bengaluru, Chennai and Mumbai, we are a 24x7 global delivery center. India Solutions services three business lines: Corporate and Institutional Banking, Investment Solutions and Retail Banking for BNP Paribas across the Group. Driving innovation and growth, we are harnessing the potential of over 10000 employees, to provide support and develop best-in-class solutions.

About BNP Paribas Group:

BNP Paribas is the European Union’s leading bank and key player in international banking. It operates in 65 countries and has nearly 185,000 employees, including more than 145,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialised businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment, and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy, and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Turkey, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group's performance and stability

Commitment to Diversity and Inclusion

At BNP Paribas, we passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued, respected and can bring their authentic selves to work. We prohibit Discrimination and Harassment of any kind and our policies promote equal employment opportunity for all employees and applicants, irrespective of, but not limited to their gender, gender identity, sex, sexual orientation, ethnicity, race, colour, national origin, age, religion, social status, mental or physical disabilities, veteran status etc. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in.

About Business line/Function:

Global Market Operations is mandated to provide end to end trade processing within CIB ITO Global Markets. GMO’s teams are focused on cross business standardization to improve efficiency of ITO services, while keeping operational risk under control. 

The team is primarily responsible for carrying out following activities: 

·       Provide best in class service to the institutional and corporate clients of the Bank

·       Process settlements, Collateral management, Treasury, payments and corporate actions for transaction initiated by CIB GM business.

·       Provide support across regions (APAC, EMEA and AMER) and products (Bonds, Equities, Complex Securities, ETF, SLAB, Repo etc.)

Tax Operations sits within the Transversal Lifecycle team under GMO and provides support to Operational taxes in the bank like Withholding Tax, Transaction Tax, IRS regulations information reporting etc.

Job Title:

Sr Associate

Date:

Aug 2025

Department:

Global Market Operations

Location:

Bangalore, India

Business Line / Function:

Transversal Lifecycle Support - Tax Operations

Reports to:

(Direct)

Team Manager

Grade: 

(if applicable)

NA

(Functional)

Number of Direct Reports:

NA

Directorship / Registration:

NA

Position Purpose

The incumbent in this role will be a part of the Global Tax Operations within GMO, supporting the Americas region. Specifically, the ITO Tax Operations in Americas is responsible for establishing operational procedures and controls to ensure compliance with IRS regulations regarding US information reporting (i.e. Forms 1099 and 1042S) under Internal Revenue Service Code Chapter 3, Chapter 4, and Chapter 61. The group is responsible for maintaining client and counterparty tax documentation (i.e. W-8's and W-9's), withholding and remitting taxes to the IRS, producing Forms 1099 and 1042s issued to clients and counterparties, e-filing all Forms 1099 and 1042-S with the IRS, as well as the preparation and submission of annual 945 and 1042 tax returns with the IRS. The group collaborates with US Corporate Tax to assess the impact of new tax legislation and requirements and engages with cross-functional resources to develop plans to respond and/or comply with new regulations. To the extent a new business process is required, Tax Operations develops business requirements and ensures local IT and operational procedures are enhanced to support new regulations. In addition, Tax Operations supports cost-basis updates, transfer reporting and corporate action events by managing client data in the accounting system.

Responsibilities

Direct Responsibilities

Ø  Assist with validation of client tax documentation (W8s and W9s) during the onboarding and recertification processes, and processing updates with internal client referential data applications

Ø  Perform cash reconciliation analysis using large data sets

Ø  Confirm accurate tax treatment of corporate action events utilizing third party vendor resources (CCH) assessing the material impact for cost basis tracking and reporting 

Ø  Daily management of cost basis application for all corporate action events based on tax treatment

Ø  Management of monthly 1099-B reconciliation for all reportable transactions 

Ø  Analysis of written tax policy and procedures, and management of procedural enhancements

Ø  Outline clearly defined and articulated testing plan for year-end reporting 

Ø  Coordinate with Business on problem resolution issues regarding cost basis, taxability and reporting

Ø  Supervise and assist with transfer reporting process with brokers and Agents via CBRS or paper statements (sending and receiving

Ø  Identify and remediate cash breaks to assist with daily client P/L report production

Ø  Assist with generation of statements for all incoming positions 

Ø  Management of daily/weekly/annual controls

Ø  Support year-end cost basis reconciliation

Ø  Adjust portfolio accounting system to reflect reclassification of income

Ø  Assist with analysis of all transfer bookings between books and records vs cost basis application

Ø  Supporting cross training initiatives by training employees within US Tax Operations, and by supporting year end check out processes associated with income reclassification and tax form production

Ø  Support cost basis related projects by coordination with stakeholders and business leaders

Ø  Identify process enhancements and systems deficiencies

Ø  Contribution towards departmental obligations to adhere to strict regulatory and compliance requirements, per IRS and BNP Paribas policy.

Ø  Support of IRS and internal audits

Technical & Behavioral Competencies 

Candidates are measured on the following four performance drivers, which will dictate how individual impact is considered:

• Results and Impact
  • Able to influence peers and team.
  • Demonstrates good judgement when making decisions of high complexity and impact.
  • Exercise appropriate autonomy in the execution and delivery of work. 
  • Responsible for driving outcomes, which have meaningful effect on team or department.
• Leadership and Collaboration:
  • Creates trust with colleagues.
  • Acts in leadership capacity for projects, processes, or programs.
• Client, Customer and Stakeholder Focus: 
  • Able to build relationships with a mix of colleagues and clients.
  • Interacts regularly with management and department leaders.
  • Demonstrates the ability to influence stakeholders at the team level. 
• Compliance Culture and Conduct: 
  • Takes full responsibility for personal actions and demonstrates courage in facing problems and conflicts.
  • Perceived as a person of high moral character; upholds corporate values and displays high ethical standards

Specific Qualifications (if required)

Minimum Required Qualifications:

• Bachelor’s degree in accounting, Finance, Business or similar

·       1-2 years of experience relevant to US tax information reporting, withholding and management of US client tax documents

• Experience and familiarity with global markets and knowledge of cost basis regulations

·       Well-developed written and verbal communication skills 

·       Quick learner, Proactive, motivated and willing to comprehend new concepts

• Control oriented mindset with respect to management of daily BAU
• High Proficiency in standard Microsoft applications, including the ability to utilize advanced formulas and tools in Excel

·       Equally able to work independently and as a contributing member of a team to fulfill objectives

Preferred Qualifications: 

• Strong familiarity of tax lot accounting rules and regulations and Corporate Actions processing 

·       Proven track record of contributing to team-oriented tasks and strategies, with the ability to identify client driven enhancements 

• Understanding of system requirements and capabilities to ensure appropriate controls and processes, and the ability to coordinate with internal IT stakeholders regarding systems developments, enhancements, and data extracts

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Ability to collaborate / Teamwork

Ability to deliver / Results driven

Communication skills - oral & written

Choose an item.

Transversal Skills: (Please select up to 5 skills)

Ability to develop and adapt a process 

Analytical Ability

Ability to understand, explain and support change

Choose an item.

Choose an item.

Education Level: 

 Bachelor Degree or equivalent

Experience Level

At least 3 years

Other/Specific Qualifications (if required)