Client Tax Reporting Associate

Morgan Stanley
New York, USA
23 Jun 2022
28 Jun 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Company Profile
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.
Department Profile
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 Operations Department is responsible for ensuring that all withholding and reporting obligations of the Firm are met. The Client Tax Associate position is required to perform numerous data reviews, tax forms, interacting with internal and external clients and vendors.
The principal accountabilities of this position is to support all aspects of tax filings in our global markets for our Stock Plan/Retirements business under Shareworks by Morgan Stanley. Currently our global markets include Canada, United States, Australia, United Kingdom, Ireland, Germany, Switzerland, France, Japan and New Zealand. The incumbent has the necessary skills to complete tasks on our proprietary software, Shareworks, excel and third party tax programs, and has the necessary knowledge to conduct research for the different jurisdictions and any new countries that Shareworks moves into.
Primary Responsibilities for the role:
- Prepare and review Canadian estate filings for registered plans
- Ensure that all tax filings and reporting for Corporate Clients and Shareworks by Morgan Stanley, are issued accurately and timely
- Support project management functions by maintaining various trackers leveraged for presentations to management
- Review and liaison with 3rd party vendor to identify and correct data
- Manage monthly withholding tax reconciliation process and liase with internal teams to ensure timely payments are made to tax authorities
- Contribute to the annual tax production project plan to ensure that all relevant tasks are captured throughout the year
- Perform all required testing on tax forms that are issued from Shareworks to ensure accuracy through preliminary reviews
- Manage any special handling requirements for clients inclusive of tax form amendments for clients
- Review FATCA and CRS information reporting prior to filing with respective tax authorities
- Audit tax form generation to ensure all forms for all clients have been completed
- Proactively provide project updates to Tax Manager as required to ensure the success of tax activities
- Update processes and procedures policy portal as required


- North America and Australian/New Zealand Tax Knowledge will be an asset
- Self-motivated and eager to learn
- Excellent time management skills during tight deadlines
- Proactively engage and collaborate with all co-workers globally to build positive rapport to contribute as an effective team member as measured by their feedback
- Partake in special projects within the global tax team to enhance our process and efficiency
- Analytical, accurate, and strong problem solving skills essential
- Vocal ability to challenge business deficiencies identified through the tax production process
- An ability to articulate issues both in verbal and written form to help aid swift resolution
- Strong Excel skills and oral communication skills
- Previous employee share plan and tax production background would be advantageous
- Comfortable with technology and technical concepts in a fast paced changing environment
- An aptitude for learning quickly with a solid understanding of the Internet, e-commerce and equities
- A deep belief in team success, collaboration and a willingness to adapt to continuous change
- An ability to work independently, handle numerous assignments concurrently and consistently be a self-starter that excels at meeting and exceeding professional goals
Role is Hybrid and will require in office attendance 3 days/week.
This role requires that all successful applicants be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccinations within 3 days of commencement of employment.

Similar jobs

Similar jobs

  • You need to sign in to save