Bachelor's degree in Accounting, Taxation, Finance, or related field (CPA/JD/LLM preferred)
4-7+ years of experience in U.S. tax operations or compliance within a bank
Hands-on expertise in U.S. withholding and information reporting
Ability to validate W-8 and W-9 documentation and translate it into system parameters
Working knowledge of FATCA and CRS, including due-diligence requirements
Excellent analytical skills and attention to detail
Responsibilities
Define withholding rules for various products and client segments
Support IT in configuring withholding parameters in banking systems
Own the change-control process for withholding logic
Reconcile amounts withheld to amounts deposited and manage remediation
Review and validate Forms W-9 and W-8 series documentation
Determine Chapter 4 status and manage residency determinations
Assess treaty claims and apply reduced treaty rates
Manage the annual reporting calendar and oversee outsourced reporting providers
Strengthen internal controls and support IRS examinations
Drive process improvement and tax technology adoption
Partner with internal stakeholders and external advisors
Benefits
Entrepreneurial and performance-driven culture with career development potential
Collaborative and inclusive work environment that values diversity
Full Job Description
Position overview
U.S. Tax Operations, Withholding & Information Reporting - Associate Director
In this role, you will be responsible for the bank's tax reporting and withholding lifecycle: validating client tax documentation, defining and configuring product-level withholding parameters in the bank's systems, reviewing the preparation and filing of Forms 1099 and 1042/1042-S, and ensuring FATCA and CRS reporting obligations are met. You will also support U.S. federal, state and local tax compliance, including partnership compliance, and partner closely with Operations, Onboarding/KYC, Finance, Legal, Technology and the business units.
Key Responsibilities:
Define the withholding rules applicable to each product and each client segment - interest (including portfolio interest and bank deposit interest), dividends and dividend equivalents (§871(m)), substitute payments on securities lending, PTP/partnership distributions (§1441/§1442, §1446(a) and §1446(f)), gross proceeds, FIRPTA (§1445), original issue discount, and payments to intermediaries and disregarded entities.
Support the IT team on the configuration and maintenance of withholding parameters in the bank's core, custody and payments platforms: income codes, exemption codes, statutory vs. treaty rates, 30% NRA withholding, backup withholding at 24% (§3406), presumption rules where documentation is missing or invalid, and cascading/multi-layer withholding logic.
Own the change-control process for withholding logic: business requirements, test cases, UAT sign-off, regression testing after tax law or rate changes, and documented rationale for every parameter.
Reconcile amounts withheld to amounts deposited (Form 1042 / Form 945 / EFTPS) and manage under- and over-withholding remediation, including reimbursement and set-off procedures.
Review and validate Forms W-9 and the W-8 series (W-8BEN, W-8BEN-E, W-8IMY, W-8ECI, W-8EXP), including withholding statements and allocation schedules for intermediaries and flow-through entities.
Determine Chapter 4 status (Reporting FI, Deemed-Compliant FI, Active vs. Passive NFFE) and apply look-through to controlling persons of passive entities.
Perform U.S. indicia searches and CRS residency determinations, manage curing of indicia, GIIN/TIN validation, and documentation validity/expiration and change-in-circumstances monitoring.
Assess treaty claims and limitation-on-benefits eligibility, and apply reduced treaty rates on a product-by-product basis.
Review the preparation and filing of Forms 1099 (1099-INT, -DIV, -B, -MISC, -NEC, -OID, -R as applicable), 1042 and 1042-S, Forms 8966 (FATCA), CRS returns, Form 945, and applicable state reporting.
Manage the annual reporting calendar, recipient statement delivery, corrections/amendments, extensions, IRS TIN matching, and B-notice / C-notice and penalty-abatement processes.
Oversee outsourced/vendor reporting providers and validate their output before filing.
Support U.S. federal, state and local tax compliance, including partnership compliance (returns, K-1 allocations, capital accounts) and multi-state filings.
Strengthen internal controls, risk assessments, procedure documentation, Form 1042 / 8966 audit readiness, and support IRS or QI-type examinations and any responsible-officer certification requirements.
Drive process improvement and tax technology adoption (documentation validation tools, withholding engines, reporting platforms, data quality controls).
Partner with internal stakeholders and external advisors and service providers.
Required Qualifications
Excellent written and verbal communications skills and an ability to interact effectively with internal and external stakeholders, including investment committee members, clients, partners, and others
A creative, entrepreneurial spirit and an ability to thrive in a meritocratic workplace
Excellent critical thinking and problem solving skills
An ability to execute across a wide range of tasks, including long-term strategic initiatives
Ability to work both independently and within a team, to effectively prioritize and manage multiple projects simultaneously, and deliver against specific workplans and timelines
A passion for sustainability, real assets investing and the development of innovative, high-impact natural climate solutions
Bachelor's degree or equivalent
Required Qualifications
Bachelor's degree in Accounting, Taxation, Finance or a related field (CPA / JD / LLM preferred).
4-7+ years of progressive experience in U.S. tax operations or compliance, in a bank.
Proven ability to work autonomously and manage stakeholders.
Demonstrated, hands-on expertise in U.S. withholding and information reporting
Proven ability to validate W-8 and W-9 documentation and translate the resulting client/product matrix into system withholding parameters.
Working knowledge of FATCA and CRS, including IGA Models 1 and 2, entity classification and due-diligence requirements.
Excellent analytical skills and attention to detail.
Preferred Knowledge and Experience
Experience in U.S. banking, custody, private banking or broker-dealer environments, or at a global financial institution.
Experience with Qualified Intermediary (QI) / QDD regimes and Section 305(c) / 871(m) operational requirements.
Familiarity with tax and reporting systems and withholding engines.
Strong communication and stakeholder management abilities; comfortable explaining withholding outcomes to front-office and to clients.
Project management and process improvement experience.
Spanish and/or Portuguese is a plus, given our Latin American client base.
Experience with U.S. corporate and partnership federal and state tax compliance will be a plus.
Why Join BTG Pactual
Entrepreneurial and performance-driven culture with significant long-term career development potential.
Collaborative and inclusive work environment that values diversity of thought and background.
Compensation Range: USD 130,000-160,000- depending on experience, qualifications, licenses, and seniority.
