Job Description - Tax Withholding Director (3156022)
Tax Withholding Director
Job Number: 3156022
Posting Date : Aug 27, 2020
Primary Location : Americas-United States of America-Utah-South
Education Level : Bachelor's Degree
Job : Other
Employment Type : Full Time
Job Level : Director
Morgan Stanley is a leading global financial services firm
providing a wide range of investment banking, securities,
investment management and wealth management services. The Firm's
employees serve clients worldwide including corporations,
governments and individuals from more than 1,200 offices in 43
As a market leader, the talent and passion of our people is
critical to our success. Together, we share a common set of values
rooted in integrity, excellence and strong team ethic. Morgan
Stanley can provide a superior foundation for building a
professional career - a place for people to learn, to achieve and
grow. A philosophy that balances personal lifestyles, perspectives
and needs is an important part of our culture.
Operations is one of the largest divisions in the firm and has
diverse responsibilities, including correctly settling and
recording millions of transactions per day, identifying and
mitigating all operational risks, developing strong client
relationships and partnering with technology to realize the full
potential of IT and e-solutions. Throughout, the Operations
department continually seeks ways to improve while actively
supporting the development of new businesses, structures and
Background on the Team
Global Wealth Management Operations provides brokerage,
investment and financial services to hundreds of thousands of
individual investors. We apply our expertise in serving
institutional clients to create new opportunities for people to
achieve their personal financial goals. Morgan Stanley has one of
the largest retail brokerage networks, with numerous worldwide
representatives and retail locations. Our services are tailored to
each client's investment objectives, risk tolerance, and financial
needs. Products include mutual funds, stocks, bonds, and
alternative investments where appropriate, as well as banking,
mortgages, insurance and annuities.
Morgan Stanley US Tax Operations is a cross-divisional
operational utility that supports Retail, Institutional, and
Corporate business lines. Tax Operations is responsible for
ensuring compliance with IRS & State Regulations related to US tax
withholding, reporting, and filing obligations across Morgan
Stanley's Retail and Institutional based clients and legal
entities. Tax Operations works closely with senior Business Unit
representatives, Operations colleagues and client representatives,
providing an in-depth client service role to insure that all tax
related inquiries are addressed on a timely basis.
Background on the Position
US Tax Operations is seeking an experienced individual to
support Morgan Stanley's Tax Withholding team. This role will
present the candidate with challenging opportunities due to the
high regulatory risk coupled with high volumes, tight deadlines and
demanding client base. The position requires exceptionally strong
organization, process and people management skills. In addition,
this role requires excellent trouble shooting, execution and
communication (written and verbal) skills.
This individual will be responsible to troubleshoot, research
and action all client/stakeholder queries related to withholding
rules, regulations, processes and exceptions. The candidate should
have prior tax experience and be familiar with all aspects of tax
operations. The candidate will be responsible for managing a team
and will have the primary responsibility to supervise their day to
day responsibilities, and identity opportunities to better organize
and prioritize tasks and responsibilities.
The candidate will have extensive interactions with internal
stakeholders in both the Business Units as well as colleagues
outside of Tax Operations (e.g Syndicated Loan Ops, FX Ops, Client
Reference Data Ops, Tax Technology, Tax Compliance) and will be
expected to troubleshoot with the team(s), propose and ensure
implementation of solutions.
In addition, this individual will be expected to materially
participate in all strategic projects by supporting the
documentation of Agile stories and testing. The candidate is
expected to prepare and present findings related to Key Risk and
Key process metrics as well as explore solutions to reduce risk,
create capacity and improve client service.
The successful candidate will operate across all business units
and functional areas within the firm and possess the following
-Ability to multitask and take ownership of complex issues and
meet tight deadlines.
-Ability to quickly identify an issue, coupled with the ability
to succinctly articulate and escalate the issue, impact and
corrective action to senior management.
-Ability to identify and set priorities and lead the team
-Ability to operate across all functional areas across Business
Unit, Corporate Tax, Technology, Compliance, Audit and Risk.
-Ability to document process flows, desktop and written
-Highly Organized and Detail Oriented.
-Ability to manage a dedicated tax documentation team in a
complex and dynamic environment.
-Attention to detail and meeting deadlines.
-Excellent verbal and written communication skills.
-Excellent analytical and problem solving skills.
-Comprehensive understanding of Microsoft Excel.
-A good understanding of Operations, Technology, & Risk.
-Advanced MS Office skills, including MS Excel, PowerPoint, Word
and MS Project.