US Tax Operations Gain/Loss Specialist- Wealth Management Operations
South Jordan , Utah
May 16, 2017
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.
Wealth Management Operations
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.
Our client, a global leader in finance and wealth management, is looking for a highly motivated Tax Operations key contributor. The role is a leadership role within the broader US Tax Operations organization that supports Retail, Institutional, and Corporate business lines. Tax Operations is responsible for ensuring compliance with IRS Regulations related to US tax withholding, reporting, and filing obligations across our client's Retail and Institutional based clients and legal entities. Tax Operations works closely with senior Business Unit representatives and Financial Advisors, providing an in-depth client service role to insure that all tax related inquiries are addressed on a timely basis.
The successful candidate will also have a strong working knowledge and experience in the US Tax Operations space as it relates to cost basis reporting, tax documentation, compliance, forms reporting, and regulatory filings.

The candidate will be a key contributor within one of the following functions

Cost Basis Reporting
Tax Documentation
Tax Withholding Analyses
Tax Reporting (Client and Legal Entity level)
Tax Account Reconciliations
Client Service - daily call center at rules level and account specific inquiries.

Primary Responsibilities
Oversee and direct a function(s) and process(es) within the Utah Tax Operations division
Partner and liaison with other members of the client's Corporate Tax and Tax Operations divisions on all IRS matters impacting Tax Operations regulatory responsibilities
Monitor Tax Operational processes and procedures for compliance

Leadership and Risk Management for team of 5
In depth technical knowledge of IRS Regulations
Strong working knowledge of current IRS regulations requiring operational process changes
FATCA (Foreign Account Tax Compliant Act)
Cost Basis
Ability to address client tax related issues requiring immediate tax technical opinions and rules interpretations
Identify efficiency opportunities and process improvements in current workflow

Minimum Requirements
3 years team management experience in Tax Advisory, Tax Legal, Tax Operations or similar experience with US Tax Withholding & Reporting regulations or related industry experience
Strong leadership and supervisory skills - Staff management experience
Ability to research and interpret IRS regulations and publications
Strong verbal and written communication skills and the ability to interact with all levels of staff and senior management
Ability to adapt and contribute in a fast paced Tax Operations environment


A little about us:
Since its founding in 1935, Morgan Stanley and its people have helped redefine the meaning of financial services.

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