What are the responsibilities and job description for the Client Tax Operations - Securities Services US Tax Withholding Associate position at JPMorganChase?
Job Description
Join a team where data rigor meets real‑world impact in global Securities Services. As a US Tax Withholding Associate, you’ll turn complex IRS rules into precise, audit‑ready outcomes—driving accurate withholding, airtight controls, and year‑end reporting at scale. Partner across Tax, Technology, and Client Service to automate data quality, resolve cross‑border scenarios, and reduce risk for clients across asset classes.
The US Tax Withholding Associate supports end-to-end withholding and information reporting for US source income across Securities Services client accounts, with a heavy focus on manipulating and validating large, complex data sets to ensure accuracy and strong control outcomes. The associate will apply IRS Chapters 3 and 4 rules, review tax documentation (W‑8/W‑9), execute withholding and deposits, and support year-end reporting (1042‑S/1099). Success in this role requires exceptional attention to detail, rigorous adherence to control procedures, and comfort working with high-volume transactional data.
Job Responsibilities
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
About The Team
J.P. Morgan’s Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
Join a team where data rigor meets real‑world impact in global Securities Services. As a US Tax Withholding Associate, you’ll turn complex IRS rules into precise, audit‑ready outcomes—driving accurate withholding, airtight controls, and year‑end reporting at scale. Partner across Tax, Technology, and Client Service to automate data quality, resolve cross‑border scenarios, and reduce risk for clients across asset classes.
The US Tax Withholding Associate supports end-to-end withholding and information reporting for US source income across Securities Services client accounts, with a heavy focus on manipulating and validating large, complex data sets to ensure accuracy and strong control outcomes. The associate will apply IRS Chapters 3 and 4 rules, review tax documentation (W‑8/W‑9), execute withholding and deposits, and support year-end reporting (1042‑S/1099). Success in this role requires exceptional attention to detail, rigorous adherence to control procedures, and comfort working with high-volume transactional data.
Job Responsibilities
- Extract, transform, and reconcile large data sets from custody, tax engines, and documentation systems; build repeatable workflows that enhance data quality and lineage.
- Perform data validations, outlier detection, and exception handling across high-volume income events and client populations; document assumptions and control evidence.
- Calculate and apply US nonresident (Chapter 3) and FATCA (Chapter 4) withholding on US source income events across asset classes and account types, ensuring rate accuracy per documentation and treaty eligibility.
- Reconcile withholding accruals versus remittances; support timely federal tax deposits and payment processes; maintain audit-ready trails for all adjustments and exceptions.
- Support preparation and quality control for Forms 1042‑S, 1099, and 1042, including data validation, corrections, and amendments; manage high-volume file generation and reconciliation checkpoints.
- Execute year-end and interim reporting timelines with precision, ensuring reconciled totals, error-rate thresholds, and complete audit trails.
- Execute daily control checks, tolerance-based reconciliations, and root-cause analysis; raise issues promptly and drive remediation with documented evidence and sustainable fixes.
- Maintain and enhance SOPs/runbooks, embedding preventive and detective controls in data workflows.
- Partner with Client Service, Tax Product, and Technology to resolve client queries and complex withholding scenarios; communicate data-driven findings clearly and succinctly.
- Translate regulatory/tax requirements into operational steps and control points; support UAT and production validation for tax engine and documentation platform changes.
- Bachelor’s degree in Accounting, Finance, Business, Economics, Data/Information Systems, or related field; or equivalent experience.
- 2 years of experience in securities services, custody, fund administration, broker-dealer, or financial operations with a focus on US tax withholding and information reporting in data-heavy environments.
- Ability to handle large, multi-source data sets with strong data hygiene.
- Experience with data reconciliation techniques; familiarity with SQL or similar tools
- Working knowledge of US withholding tax rules (Chapter 3), FATCA (Chapter 4), treaty benefits, and US forms (W‑8 series, W‑9), plus information reporting (1042‑S, 1099, and 1042 basics).
- Exceptional attention to detail and commitment to controls; proven track record reducing errors and improving data quality at scale.
- Strong analytical and problem-solving skills; ability to manage peak cycles and multiple deadlines.
- Excellent written and verbal communication; can articulate complex, data-driven conclusions to non-technical stakeholders.
- Experience with tax documentation tools, withholding/tax engines, and custody platforms; familiarity with control frameworks in financial operations.
- Exposure to corporate actions income processing, interest/dividend events, and cross-border tax topics.
- Prior experience supporting audits, issue management, and remediation programs in regulated environments.
- Certifications: IRS Enrolled Agent, CPA, or equivalent exposure to US tax (nice to have).
- Data Rigor and Quality: Designs and follows controls that ensure data completeness, accuracy, and traceability; documents logic and evidences results.
- Risk and Control Mindset: Adheres to procedures, rapidly escalates/control-breaks, and delivers durable remediation with metrics.
- Ownership and Execution: Manages throughput and timeliness across monthly/quarterly/year-end cycles; prioritizes based on risk and client impact.
- Collaboration: Coordinates across operations, tax advisory, client service, product, and technology to resolve issues and implement improvements.
- Continuous Improvement: Identifies automation opportunities; contributes to UAT and post-implementation validation; modernizes SOPs and data checks.
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
About The Team
J.P. Morgan’s Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.