Senior Associate, U.S Tax Operations at Clear Street

New York, New York, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Capital Markets, Broker-DealerIndustries

Requirements

3–5 years of hands-on experience in U.S. tax operations or compliance, with direct responsibility for information reporting and withholding
Strong technical knowledge of IRS obligations under Chapter 3, Chapter 4 (FATCA), Section 61, 871(m), and 1446(f)
Practical experience with broker-dealer, prime brokerage, or custodial operations preferred
Familiarity with IRS systems (FIRE, EFTPS & the forthcoming IRIS system) and tax documentation platforms
Proven ability to work with large data sets, reconcile reporting/withholding amounts, and identify discrepancies
Detail-oriented, with a control and risk-focused mindset
Strong problem-solving skills and ability to work independently in a fast-paced environment
Excellent communication skills to coordinate with internal stakeholders and respond to regulatory queries
Series 99 and/or Series 7 preferred, or willingness to obtain

Responsibilities

Prepare and file U.S. information returns including 1099, 1042-S, and related IRS filings
Calculate, apply, and reconcile U.S. withholding under Chapter 3, Section 871(m), Section 305(c), and 1446(f)
Review and validate tax documentation (W-8/W-9), ensuring correct withholding and treaty eligibility
Perform reconciliations of withholding and reporting data to ensure accuracy and completeness
Support operational processes for cost basis and wash sale reporting
Respond to and support IRS, audit, and regulatory inquiries with detailed documentation and analysis
Execute test cases and provide feedback for tax reporting and withholding system enhancements
Partner with Operations and Technology teams to troubleshoot data issues and improve automation
Maintain detailed process documentation and contribute to continuous process improvements

Skills

Key technologies and capabilities for this role

1099 Reporting1042-S1042 ReportingWithholding TaxChapter 3 ComplianceChapter 4 FATCA871(m)1446(f)305(c)NRA WithholdingTreaty EligibilityW-8 ValidationW-9 ValidationCost Basis ReportingWash Sale Reporting

Questions & Answers

Common questions about this position

What are the main responsibilities of the Senior Associate, U.S. Tax Operations role?

Key responsibilities include preparing and filing U.S. information returns like 1099 and 1042-S, calculating and reconciling U.S. withholding under various chapters and sections, reviewing tax documentation such as W-8/W-9, performing reconciliations, supporting cost basis reporting, responding to regulatory inquiries, and partnering with other teams on automation and troubleshooting.

What skills and experience are required for this position?

The role requires strong technical knowledge of U.S. Information Reporting and Withholding obligations and practical experience applying them in a fast-paced broker-dealer or custody environment, along with skills in tax documentation validation, withholding calculations, reconciliations, and partnering on automation.

What is the compensation for this role?

This information is not specified in the job description.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What does the Asset Servicing team focus on?

The Asset Servicing team ensures compliance with U.S. Information Reporting and Withholding obligations, focusing on accuracy, timeliness, and risk management in tax processes like Forms 1099, 1042-S, withholding under various chapters, NRA validation, tax documentation, cost basis reporting, and cross-functional partnerships.

Clear Street

Provides prime brokerage and trading services

About Clear Street

Clear Street provides a unified platform for trading various financial products, including equities and options, across major markets. Their services focus on prime brokerage, which encompasses trade execution, financing, clearing, and custody, helping clients manage their trading activities effectively. The platform is cloud-based and API-first, allowing for easy integration with other systems and scalability for users. This setup enables clients to concentrate on trading rather than technical complexities. Clear Street differentiates itself with competitive pricing and a flexible approach, catering to both individual investors and large institutions. The company's goal is to enhance the infrastructure of capital markets, making trading more efficient and accessible.

New York City, New YorkHeadquarters

2018Year Founded

$457.2MTotal Funding

SERIES_BCompany Stage

Fintech, Financial ServicesIndustries

501-1,000Employees

Benefits

Company equity

401k matching

Parental leave

Full medical, dental & vision insurance

Lunch stipends

Fully stocked kitchens

Happy hours

Risks

Increased competition in cloud-native brokerage could pressure Clear Street's market share.

Regulatory changes in Europe may impose additional compliance costs for Clear Street.

Cryptocurrency market volatility could impact Clear Street's BTC yield strategies.

Differentiation

Clear Street offers a cloud-native clearing and custody system for capital markets.

The company provides a unified platform for trading equities and options globally.

Clear Street's API-first approach allows seamless integration with other software systems.

Upsides

Clear Street's UK expansion opens access to European markets and new revenue streams.

Winning top awards in technology and client service enhances Clear Street's market reputation.

Investment in Databento boosts Clear Street's access to advanced market data solutions.

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