Banking Operations Analyst Jobs (NOW HIRING)

Purpose of the role

To support business areas with day-to-day processing, reviewing, reporting, trading and issue resolution.

Accountabilities

• Support various business areas with day-to-day initiatives including processing, reviewing, reporting, trading, and issue resolution.
• Collaboration with teams across the bank to align and integrate operational processes.
• Identification of areas for improvement and providing recommendations in operational processes.
• Development and implementation of operational procedures and controls to mitigate risks and maintain operational efficiency.
• Development of reports and presentations on operational performance and communicate findings to internal senior stakeholders.
• Identification of industry trends and developments to implement best practice in banking operations.
• Participation in projects and initiatives to improve operational efficiency and effectiveness.

Analyst Expectations

• Will have an impact on the work of related teams within the area.
• Partner with other functions and business areas.
• Takes responsibility for end results of a team's operational processing and activities.
• Escalate breaches of policies / procedure appropriately.
• Take responsibility for embedding new policies/ procedures adopted due to risk mitigation.
• Advise and influence decision making within own area of expertise.
• Take ownership for managing risk and strengthening controls in relation to the work you own or contribute to. Deliver your workand areas of responsibility in line with relevant rules, regulation and codes of conduct.
• Maintain and continually build an understanding of how own sub-function integrates with function, alongside knowledge of the organisations products, services and processes within the function.
• Demonstrate understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
• Make evaluative judgements based on the analysis of factual information, paying attention to detail.
• Resolve problems by identifying and selecting solutions through the application of acquired technical experience and will be guided by precedents.
• Guide and persuade team members and communicate complex / sensitive information.
• Act as contact point for stakeholders outside of the immediate function, while building a network of contacts outside team and external to the organisation.

All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship - our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset - to Empower, Challenge and Drive - the operating manual for how we behave.

Embark on a transformative journey as a Tax Operations Analyst. At Barclays, our vision is clear - to redefine the future of banking and help craft innovative solutions. You will support the Tax Documentation team in maintaining consistent, well-controlled practices across the investment bank. In this position, you will handle the collection, validation, and maintenance of client tax documentation for your assigned portfolio of accounts, ensuring compliance with Tax Operations policies and IRS regulatory requirements. You will be responsible for obtaining the appropriate tax forms for Barclays investment bank clients and validating all documentation in accordance with IRS guidelines.

To be successful as a Tax Operations Analyst, you should have experience with:

• Understanding and validating US W 8 and W 9 tax documentation in accordance with IRS regulations

• Supporting onboarding and remediation activities driven by regulatory changes

• Applying a basic understanding of financial products within the investment banking industry

• Communicating effectively with internal and external stakeholders, including clients, sales teams, and onboarding partners

• Using Microsoft Excel, PowerPoint, and Outlook in a collaborative, team focused environment

Some other highly valued skills may include:

• Experience in IRS tax form validation, reporting, and withholding, with awareness of tax technical requirements and industry practices

• Ample evaluative thinking and problem-solving abilities, with the capacity to navigate detailed tax and documentation requirements

• A dynamic approach, including the ability to challenge existing processes, recommend enhancements, and drive continuous improvements

• Understanding of risks associated with operational tax processes, and the ability to clearly articulate these risks to management

• Technical aptitude and willingness to learn evolving tax and regulatory obligations

You may be assessed on the key critical skills relevant for success in role, such as risk and controls, change and transformation, business acumen, strategic thinking, digital and technology, as well as job-specific technical skills.

This role is located in Whippany, NJ.

Minimum Salary: $ 64,000

Maximum Salary: $ 87,000

The minimum and maximum salary/rate information above include only base salary or base hourly rate. It does not include any other type of compensation or benefits that may be available.

Barclays employees are eligible for a suite of competitive and generous employee benefits, including medical, dental and vision coverage, 401(k), life insurance, and other paid leave for qualifying circumstances.

This position is eligible for an incentive award.