Tax Information Reporting - Senior Associate

Kraken Digital Asset Exchange

About the job

About Kraken

As one of the largest and most trusted digital asset platforms globally, we are empowering people to experience the life-changing potential of crypto. Trusted by over 8 million consumer and pro traders, institutions, and authorities worldwide - our unique combination of products, services, and global expertise is helping tip the scales towards mass crypto adoption. But weโ€™re only just getting started. We want to be pioneers in crypto and add value to the everyday lives of billions. Now is not the time to sit on the sidelines. Join us to bring crypto to the world.

To ensure Kraken is the right fit for you, please ensure you read Kraken Culture Explained to find out more about us!

About The Role

The Tax Information Reporting - Senior Associate will support the Companyโ€™s global client and business partner tax reporting and withholding (e.g., Forms 1099, 1042-S, FATCA, CRS, and other operational taxes) function. In this role, you will participate in cross-functional projects with the Product, Engineering, Legal, Compliance, and Client Support as well as interacting regularly with other finance professionals. As new tax information reporting developments are highly anticipated in the US, EU, and OECD, you must be comfortable with both deep technical analysis of new legislation / administrative guidance and implementing scalable compliance processes. You will have the opportunity to develop your expertise in crypto tax information reporting, working closely alongside and reporting directly to the Head of Tax Information Reporting.

What You'll Do

  • Develop internal processes and policies to ensure compliance with tax withholding and reporting of transactions across geographies, product and business lines in coordination with Product, Engineering, Legal, Compliance, Client Support, and Finance
  • Draft client and business partner communications and support articles related to tax information reporting
  • Research and draft memorandums on technical tax matters for US and non-US information reporting and withholding matters for product and service line launches, and ongoing transactions
  • Monitor trends and developments in US and foreign tax legislation and draft memorandums on impact to current and future business
  • Support initiatives related to system development and remediation activities to ensure regulatory compliance, process improvements, and risk mitigation
  • Supporting project managers as SME on implementation of regulatory requirements, recognizing complex tax technical and process issues and escalating to the appropriate internal stakeholders
  • Reviewing, providing feedback, and documenting the process around client and business partner tax documentation such as Forms W-8, W-9, and FATCA/CRS self-certifications
  • Assist with the preparation and filing of Form 1099, 1042-S, 945, 1042, FATCA, CRS reports and other tax filings
  • Assist with research of international, federal, state and local tax information reporting audit issues and assembling responses to taxing authority (e.g., IRS) inquiries
  • Prepare internal training and seminars on regulatory issues

Who You Are

  • 4-5+ years of experience in the banking, custodial, financial services, or FinTech industries
  • 1+ years experience with operational taxes: US tax withholding and reporting (Sec 3406, Chapter 61, Chapter 3, Chapter 4), FATCA, CRS
  • Strong analytical, financial, and data analytics/manipulation skills are required, with superior attention to detail
  • Strong project management and multi-tasking skills, thinking of the consequences of decisions 10 steps into the future
  • Familiarity with corporate tax law and US GAAP accounting principles is preferred
  • Have the courage and creativity to lead the way when there may not be a clear path
  • Have the ability to place trust in others who may not be tax or finance professionals
  • Demonstrable interest in cryptocurrency/blockchain is a plus

Location Tagging #US

Weโ€™re powered by people from around the world with their own unique and diverse experiences. We value all Krakenites and their talents, contributions, and perspectives, regardless of their background. We encourage you to apply for roles where you don't fully meet the listed requirements, especially if you're passionate or knowledgable about crypto!

As an equal opportunity employer we donโ€™t tolerate discrimination or harassment of any kind. Whether thatโ€™s based on race, ethnicity, age, gender identity, citizenship, religion, sexual orientation, disability, pregnancy, veteran status or any other protected characteristic as outlined by federal, state or local laws.

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