Job description

At HSBC, the health and well-being of our employees remains of utmost importance. Many of our roles are permitted to work from home (in states in which HSBC is licensed to operate) until further notice. Upon resumption of normal operations, this role may be performed at our Buffalo, New York office.

As our WPB KYC Operations FATCA Analyst you’ll be the go-to analyst for FATCA inquiries. You’ll be responsible for performing tax reviews, validations, processing and maintaining of all Tax (W-8 Series and W-9) forms for all clients. You will maintain proper FATCA classified in all source systems using the Global tax validation tool for all new and existing clients including all day-to-day as well responsibilities associated with the maintenance of all KYC data. Every day, you’ll maintain ongoing communication with US OPS TAX for tax updates, address questions and remediate issues and actively assist on all FATCA related procedures. You will monitor the client on-boarding process to ensure that valid tax documents are received, validated and applied to all products and source systems. To thrive in this job, you’ll need knowledge of private banking products, markets and traditional and non-traditional service providers.

ABOUT US

Our purpose - Opening up a world of opportunity - explains why we exist. We’re here to use our unique expertise, capabilities, breadth and perspectives to open up new kinds of opportunity for our more than 40 million customers. We’re bringing together the people, ideas and capital that nurture progress and growth, helping to create a better world - for our customers, our people, our investors, our communities and the planet we all share.

Requirements

Employment eligibility to work with HSBC in the U.S. is required as the company will not pursue visa sponsorship for these positions

Here’s what you might expect on a typical day:

• Review, Validation and Processing of all Tax (W-8 Series and W-9) forms ensuring clients are FATCA classified in all source systems using the Global tax validation tool
• Maintain ongoing communication with US OPS TAX for tax updates, questions and remediation of issues and actively assist on all FATCA related procedures.
• Monitor the client on-boarding process to ensure that valid tax documents are received, validated and applied to all products and source systems.
• Perform Tax validation tool testing of FATCA regulations and participate in related system modifications as it relates to Tax reporting.
• Perform US Tax withholding and US Tax reporting for both domestic and foreign clients. Respond to IRS B-Notices.
• Complete various mass mailing initiatives such as W-8 mass mailings, Disregarded entities and partnerships.
• Review documentation for new accounts for all structures, according to Bank’s policies and procedures.
• Identify any inconsistencies/gaps in client information and identify U.S. indicia. Request additional information to resolve issues to cure U.S. indicia and review accounts for Internal Quality Assurance.
• Enhanced review of accounts to ensure all are FATCA compliant.
• Bachelor’s Degree preferred but not required

As an HSBC employee, you will have access to tailored professional development opportunities and a competitive pay and benefits package. We work hard to ensure that our workplace is a diverse, inclusive and meritocratic environment and we have a strong commitment to sustainability. Our Employee Resource Groups (ERGs) play a central part in life at HSBC, including the development of our employees and our connection to the communities and customers we serve. We value difference. We succeed together. We take responsibility. We get it done. And we want you to help us build the bank for the future!

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

HSBC is one of the world’s largest banking and financial services organizations. Our global businesses serve around 39 million customers worldwide through a network that covers 62 countries and territories. Our customers range from individual savers and investors to some of the world’s biggest companies, governments and international organizations. We aim to connect them to opportunities and help them to achieve their ambitions.