Head of Tax

Position to be located in Boston or Toronto.

Who is FNZ?

FNZ Group is an established and rapidly growing company in the FinTech industry. We are transforming the way financial institutions serve their wealth management customers. We partner with the entire financial industry to make wealth management accessible to more people.

Today, we are responsible for over £700 billion in assets under administration, held by around 12 million customers of some of the world’s largest financial institutions. We are expanding our team of over 4,500 employees (and growing) across 20 offices globally.

In the US, FNZ operates as a custodian for wealth managers, both RIAs and broker-dealers. We have an established trust company in operation today and are in the process of launching a clearing broker-dealer that will provide fully-disclosed correspondent clearing.

This role within FNZ is a critical managerial role on our North America Investment Operations team. The successful candidate will need to showcase their superior team communication skills, and their confidence in partnering with internal and external clients. They'll have excellent organizational, administration and time management skills. We are looking for someone who takes initiative in a client and delivery focused environment, has superior analytical skills, and has a self-directing working style.

The role is responsible for BAU management, control and oversight of tax operations team including oversight of team tasks, client interaction, and team development. You will be an expert in the FNZ Wealth solution and client tax workshop for new platform implementations, capturing all customer configuration points in service configuration documents. You will provide propositional leadership and support for client onboarding, building capability, and providing support for other members of the team.

The Head of Tax will provide leadership, oversight, and expertise in the following areas:

• Knowledge of US Tax regulations, US Financial regulations, concepts of taxation on corporate actions, wash sales, IRA RMD and required withholding.
• Knowledge of best practices to process and reconcile tax withholding payment with tax authorities.
• Oversee the analysis of transactional data and adjust as necessary to prepare all 1099 forms and reports for wealth customers.
• Amortization, accretion and income recognition rules in accordance with IRS regulations.
• Partnerships with external parties such as tax data providers and tax authorities to achieve desired outcomes.
• Able to operationalize tax regulations and management of tax processes.
• Able to articulate tax operations to various audiences (e.g., external client or internal stakeholders).
• Document bespoke customer requirements understanding the impact of these changes and support delivery/technology team with design solutions.
  
  

What We Are Looking For

• Bachelor's degree in finance, business management, or other related disciplines.
• Extensive experience in senior position within US financial service and/or wealth market.
• Experience in Security Taxation and technology platform services, including, but not limited to:
• IRA accounts and required minimum distributions
• Corporate Actions
• Wash Sales
• Amortization and income recognition
• An understanding of the US financial regulatory environment and a good working knowledge of the regulatory change requirements for a given year.
• Prior experience working in a Custody environment and/or company.
• Working knowledge of trust accounting and 1041 tax returns a plus.
• An understanding of the US financial and IRS regulatory environment.
• General investment/wealth/life and pensions products experience within the US market.
• Investment platform expertise.
  

What FNZ Offers

• A competitive base salary, bonus, and paid time off.
• FNZ will match pension plan contributions at 150%, up to 4% total Employee Contribution.
• Employer-paid medical, dental and vision insurance, and more.
• We are mission-led - work at the heart of a purpose-led organization where you can be proud of the impact you make, every day. Where you’ll transform the way over 20 million people invest, making wealth management more accessible, sustainable and transparent to more people.
• Market leading technology - Build, create and evolve innovative solutions for the world’s most trusted brands using the latest technologies to help change the face of investing for the future
• Learning & development – Placing emphasis on a willingness to learn, to think differently, to be creative and to help drive innovation.
• Be part of a highly successful, rapidly growing, Pre-IPO global business that is leading the delivery of financial services via cloud computing and partners with some of the world’s largest companies;
• We provide global career opportunities for our best employees at any of our offices in the US, Canada, UK, Czech Republic, Asia, Australia or New Zealand
  
  

About FNZ

FNZ is committed to opening up wealth so that everyone, everywhere can invest in their future on their terms. We know the foundation to do that already exists in the wealth management industry, but complexity holds firms back.

We created wealth’s growth platform to help. We provide a global, end-to-end wealth management platform that integrates modern technology with business and investment operations. All in a regulated financial institution.

We partner with over 650 financial institutions and 12,000 wealth managers, with US$1.5 trillion in assets under administration (AUA).

Together with our customers, we help over 20 million people from all wealth segments to invest in their future.