Operations Specialist - US Tax Reconciliation

Job Description

What is the opportunity?

You will join a team responsible for ensuring compliance with the tax reporting requirements of the IRS QI Agreement. Team responsibilities include tax withholding and remittances, information reporting to accountholders and the IRS, and income and tax reconciliation. Reporting to the Manager, US Tax Reconciliation, you will perform reconciliation activities to confirm that tax withholding and reporting are accurate and fully compliant with US Tax Regulations.

What will you do?

• Perform income and tax reconciliation tasks across daily, weekly, monthly, quarterly, and annual cycles

• Research tax reporting and withholding requirements from security issuer websites, including obtaining Qualified Notices and income reallocation data

• Proactively identify, track and escalate data anomalies across reconciliation cycles

• Investigate breaks, identify root causes and follow up as required to prevent repetition

• Validate data integrity across multiple systems (BTS, Client Source, OnDemand, Service Link) to ensure reporting accuracy

• Recommend process improvements based on findings and industry best practices to enhance efficiency

• Maintain and update desk operating procedure manuals to reflect current processes

What You Need to Succeed

Must haves:

• University degree or recognized diploma in finance, economics, or accounting, or equivalent professional experience

• Advanced proficiency in MS Access (SQL queries, VBA, macros) and MS Excel Workflow Automation Tools (Power Queries, pivot tables, VBA)

• 2+ years of experience in QI-related tax operations

• 2+ years of reconciliation experience with proven ability to investigate and resolve account breaks

• Exceptional attention to detail and accuracy in data entry, review, and analysis

• Strong written and verbal communication skills

• Ability to work effectively both independently and collaboratively in a team environment

Nice-to-have:

• Completion of Canadian Securities Course (CSC)

• Familiarity with RBC Wealth Management Canada systems and applications (BTS, Client Source, OnDemand, Service Link)

• Understanding of US tax regulations applicable to Qualified Intermediaries, including the QI Agreement and Sections 302, 305(c), 871(m), and 1446 of the Internal Revenue Code

• Knowledge of security financing, including institutional borrowing and lending, third-party settlements, derivatives, and repos

• Bilingual in French and English

What's in It for You?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable.

• Leaders who support your development through coaching and managing opportunities

• Ability to make a difference and lasting impact.

• Work in a dynamic, collaborative, progressive, and high-performing team.

• Flexible work/life balance options.

• Opportunities to do challenging work.

• Opportunities to take on progressively greater accountabilities.

• Access to a variety of job opportunities across business.

Job Skills

Additional Job Details

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Note: Applications will be accepted until 11:59 PM on the day prior to the Final date to receive applications date above

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively…