Santander Private Banking International
Sr. FATCA & Withholding Tax Specialist
Santander Private Banking International, Miami, Florida, us, 33222
Overview
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Sr. FATCA & Withholding Tax Specialist
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Santander Private Banking International . USA Job Family Description: The Finance organization is responsible for leading and participating in a number of critical functions including: supporting executive management decisions making by analyzing results, assessing strategic alternatives and developing strategic plans; communicating financial results and forecasts with critical stakeholders, including executive management and Board of Directors, shareholders and regulators; managing the Company’s balance sheet, including interest rate and liquidity risks; establishes the Company’s capital policies and prioritizes investments; develops and implements controls to reduce operational risk; developing and maintaining financial data and systems. The Finance organization works across functions and Business lines in the Company, requiring a broad understanding of our business, risk and strategy. Essential Functions / Responsibilities Reviews U.S. tax documentation forms, including W-8BEN, W-8BEN-E, W-8IMY, W-9, and related affidavits. Review and approve complex entity classifications (e.g., NFFE, PFFI, flow-through, hybrid entities) and provide structural tax guidance. Interpret IRS regulations related to FATCA (Ch. 4), NRA withholding (Ch. 3), and backup withholding (Ch. 61). Help coach tax specialists on tax form validation, escalations, and best practices in due diligence. Establish and maintain review workflows, including exception handling, QA controls, and documentation standards. Ensure the timely remediation of invalid or undocumented accounts and assist in high-risk client reviews. Help the Department manager develop internal training materials and lead onboarding and continuous learning sessions for tax specialists. Partner with the Manager to ensure the team is up to date on IRS guidance, regulatory changes, and system enhancements. Collaborate with Legal, Compliance, Front Office, and Operations to address FATCA/NRA documentation issues and develop client-facing solutions. Support internal audit reviews, IRS audits, and governance reporting needs related to FATCA/NRA compliance. Support the Manager with tax reporting validation (e.g., 1042-S, 1099s) and year-end reconciliation efforts. Prepare workpapers and ensure timely payments to the IRS in accordance with FATCA, Chapter 3 (NRA), and Chapter 61 (backup withholding) regulations. This includes calculating the appropriate withholding amounts from payments to nonresident clients and submitting payments to the IRS. Responsible for handling reversals and over-withholding adjustments. Reconcile the general ledger with actual withholding and payment transactions recorded in the journal entries. Investigate and correct any discrepancies through manual adjustments or coordination with the Accounting team. Specialized Knowledge Comprehensive knowledge of US withholding and reporting regulations under FATCA (Chapter 4), NRA withholding (Chapter 3), and backup withholding (Chapter 61). Familiarity with IRS Reporting requirements including Forms W-8 series, W-9, 1042-S, 8966, 1099s, 1042 and 945. Qualifications
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Education: Bachelor’s Degree in Finance, Accounting, Business Administration or equivalent field. (Req) Work Experience: Minimum 7–10 years of experience in U.S. withholding tax compliance, preferably in a financial institution, private bank, Big 4 firm, or trust/fiduciary group. Skills and Abilities: Practical taxation and reporting skills. Demonstrated competence within the taxation function. Excellent communication and organizational skills. Ability to focus on details to ensure and maintain data accuracy. Ability to work independently and as part of a team. Ability to effectively handle multiple projects simultaneously in a deadline driven environment. Ability to multi-task and adhere to deadlines. Strong verbal and written communication skills. Intermediate to Advanced experience with MS Word, MS Excel, MS Outlook. EEO Statement
At Santander, we value and respect differences in our workforce. We actively encourage everyone to apply. Santander is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status or any other characteristic protected by law. What Else You Need To Know
The base pay range for this position is posted below and represents the annualized salary range. For hourly positions (non-exempt), the annual range is based on a 40-hour work week. The exact compensation may vary based on skills, experience, training, licensure and certifications and location.
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Join to apply for the
Sr. FATCA & Withholding Tax Specialist
role at
Santander Private Banking International . USA Job Family Description: The Finance organization is responsible for leading and participating in a number of critical functions including: supporting executive management decisions making by analyzing results, assessing strategic alternatives and developing strategic plans; communicating financial results and forecasts with critical stakeholders, including executive management and Board of Directors, shareholders and regulators; managing the Company’s balance sheet, including interest rate and liquidity risks; establishes the Company’s capital policies and prioritizes investments; develops and implements controls to reduce operational risk; developing and maintaining financial data and systems. The Finance organization works across functions and Business lines in the Company, requiring a broad understanding of our business, risk and strategy. Essential Functions / Responsibilities Reviews U.S. tax documentation forms, including W-8BEN, W-8BEN-E, W-8IMY, W-9, and related affidavits. Review and approve complex entity classifications (e.g., NFFE, PFFI, flow-through, hybrid entities) and provide structural tax guidance. Interpret IRS regulations related to FATCA (Ch. 4), NRA withholding (Ch. 3), and backup withholding (Ch. 61). Help coach tax specialists on tax form validation, escalations, and best practices in due diligence. Establish and maintain review workflows, including exception handling, QA controls, and documentation standards. Ensure the timely remediation of invalid or undocumented accounts and assist in high-risk client reviews. Help the Department manager develop internal training materials and lead onboarding and continuous learning sessions for tax specialists. Partner with the Manager to ensure the team is up to date on IRS guidance, regulatory changes, and system enhancements. Collaborate with Legal, Compliance, Front Office, and Operations to address FATCA/NRA documentation issues and develop client-facing solutions. Support internal audit reviews, IRS audits, and governance reporting needs related to FATCA/NRA compliance. Support the Manager with tax reporting validation (e.g., 1042-S, 1099s) and year-end reconciliation efforts. Prepare workpapers and ensure timely payments to the IRS in accordance with FATCA, Chapter 3 (NRA), and Chapter 61 (backup withholding) regulations. This includes calculating the appropriate withholding amounts from payments to nonresident clients and submitting payments to the IRS. Responsible for handling reversals and over-withholding adjustments. Reconcile the general ledger with actual withholding and payment transactions recorded in the journal entries. Investigate and correct any discrepancies through manual adjustments or coordination with the Accounting team. Specialized Knowledge Comprehensive knowledge of US withholding and reporting regulations under FATCA (Chapter 4), NRA withholding (Chapter 3), and backup withholding (Chapter 61). Familiarity with IRS Reporting requirements including Forms W-8 series, W-9, 1042-S, 8966, 1099s, 1042 and 945. Qualifications
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Education: Bachelor’s Degree in Finance, Accounting, Business Administration or equivalent field. (Req) Work Experience: Minimum 7–10 years of experience in U.S. withholding tax compliance, preferably in a financial institution, private bank, Big 4 firm, or trust/fiduciary group. Skills and Abilities: Practical taxation and reporting skills. Demonstrated competence within the taxation function. Excellent communication and organizational skills. Ability to focus on details to ensure and maintain data accuracy. Ability to work independently and as part of a team. Ability to effectively handle multiple projects simultaneously in a deadline driven environment. Ability to multi-task and adhere to deadlines. Strong verbal and written communication skills. Intermediate to Advanced experience with MS Word, MS Excel, MS Outlook. EEO Statement
At Santander, we value and respect differences in our workforce. We actively encourage everyone to apply. Santander is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status or any other characteristic protected by law. What Else You Need To Know
The base pay range for this position is posted below and represents the annualized salary range. For hourly positions (non-exempt), the annual range is based on a 40-hour work week. The exact compensation may vary based on skills, experience, training, licensure and certifications and location.
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