Tax Reporting, AVP

Role Overview

The Tax Reporting AVP will execute year‑end U.S. tax reporting in compliance with IRS regulations and internal controls, including Forms 1099 and 1042‑S, TIN validation, and withholding compliance across a wide range of financial products and client types. The position is located at an MUFG office or client site four days per week with one remote day per week.

• Manage end‑to‑end year‑end tax reporting processes for bank‑issued products, including deposit accounts, lending products, and investment‑related income streams.
• Perform IRS TIN Matching and validation processes to ensure accurate customer tax identification and minimize backup withholding risk.
• Prepare, validate, and distribute Forms 1099 and 1042‑S for U.S. and non‑U.S. clients.
• Ensure compliance with IRS regulations, including withholding and reporting under Chapters 3 and 4 (FATCA), and backup withholding rules.
• Reconcile tax reporting data to core banking systems, sub‑ledgers, and the general ledger; research and resolve discrepancies.
• Support withholding calculations, including adjustments related to corrected income classifications or client tax status changes.
• Manage corrections and amended filings (1099/1042‑S) and ensure proper client notification.
• Submit tax information returns and coordinate state‑level reporting where applicable.
• Maintain strong audit trails and documentation supporting tax reporting processes, controls, and reconciliations.
• Partner with Compliance and Legal teams to interpret and implement regulatory changes impacting tax reporting.
• Respond to inquiries from clients, internal stakeholders, and regulators related to tax reporting and withholding.
• Identify and implement process improvements, including automation and enhanced data quality controls across reporting systems.

• Bachelor’s degree in accounting, finance, tax, or a related discipline.
• 2–5 years of experience in tax reporting, preferably within financial services or banking.
• Experience with IRS information reporting requirements, including Forms 1099 and 1042‑S.

• Strong understanding of U.S. tax information reporting requirements within a banking environment.
• Knowledge of withholding rules for U.S. persons and non‑U.S. persons, including NRA withholding and FATCA classification.
• Familiarity with IRS TIN Matching, backup withholding, and due diligence requirements (W‑9, W‑8 series documentation).
• Experience preparing and filing Forms 1099 and 1042‑S, including corrections and amendments.
• Understanding of financial products and associated tax implications (interest, dividends, original issue discount, broker transactions).
• Strong data reconciliation, analysis, and problem‑solving skills.
• Advanced proficiency in Microsoft Excel (large datasets, pivot tables, data validation).
• Experience with tax reporting or banking systems (e.g., FIS, Fiserv, Broadridge, Sovos, One Source, or similar platforms).
• Working knowledge of database tools and ability to query data (SQL preferred).

• Detail‑oriented with high accuracy and control awareness.
• Strong analytical and investigative mindset.
• Ability to manage competing deadlines in a highly regulated environment.
• Effective communication skills, including explaining tax concepts to non‑tax stakeholders.
• Strong collaboration skills across Operations, Technology, and Compliance teams.
• Proactive approach to risk identification and mitigation.

• Experience in large financial institutions or global banking environments.
• Familiarity with FATCA/CRS reporting frameworks.
• Experience supporting audits, regulatory exams, or internal control testing.
• Exposure to process automation, data governance, or regulatory reporting transformation initiatives.

The typical base pay range for this role is between $91,000 and $114,000, depending on job‑related knowledge, skills, experience, and location. This role may also be eligible for discretionary performance‑based bonuses and or incentive compensation. In addition, the Total Rewards program provides a competitive benefits package, including comprehensive health and wellness benefits, retirement…