Securities Finance Tax Manager, Vice President

  • Company: State Street
  • Location: Boston, Massachusetts
  • Posted: November 08, 2017
  • Reference ID: 174185
Job Description
A new opportunity has arisen with State Street Global Markets (a division of State Street Bank & Trust Company) in Boston MA. This position will report to the Head of Tax for Securities Finance ("SF") and will be part of a team of tax professionals that supports each of the SF lines of business (Agency Lending Enhanced Custody and Alternative Financing Solutions). Experience with global custody and capital markets activities is required. An in-depth knowledge of the taxation of cross-border financial transactions the application of double taxation treaties and U.S. and international income tax matters is also required. The individual should have excellent communication skills possess a positive can-do attitude be able to work with senior management and thrive in a fast-paced environment. Strong interpersonal skills and the ability to foster collaborative relationships with internal partners across the organization are vital.
Major Responsibilities
To provide comprehensive technical operational tax support and internal advice to the SF lines of business including legal and compliance teams. Operational taxes could be defined as including (i) cross-border withholding taxes pertaining to dividend interest capital gains business profits other income or ordinary income (ii) transfer taxes (including relevant FTT and stamp duties) and (iii) other applicable direct or indirect taxes.
To provide internal guidance and technical support with respect to the application of FATCA 871(m) and other tax regulatory regimes to capital market transactions.
With regard to new or incremental product initiatives and requirements analyze and establish the current tax position compile tax-related requests for external legal and tax advice liaise directly with external legal and tax counsel conclude the technical operational tax analysis and draft the tax section of the Product Development ("PD") memo and Product Oversight Committee ("POC") tax submissions. Present findings as necessary.
Attend PD POC and industry meetings as needed. Participate in industry committees to drive key tax initiatives.
Work closely with internal corporate tax legal (contractual negotiations) compliance and custody teams.
Daily monitoring of any relevant international tax developments and where required advise the SF businesses accordingly.
Where necessary assist and manage the implementation of cross-border tax changes such as internal system changes and client communications etc.
Attend product structuring client and counterparty meetings where necessary.
  • \t\t7+ years of related international tax experience with major accounting or law firm or equivalent industry experience
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  • \t\tJD or CPA desired; LLM or MST a plus
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  • \t\tExperience with multi-national financial institution
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  • \t\tHigh focus on tax-related risk management
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  • \t\tExcellent time management organizational and communication skills
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  • \t\tCommercial thinker and strong multi-tasker

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