Director, Global Head of Information Reporting - Tax

About this role

Team Overview

The Global Head of Information Reporting at BlackRock is responsible for overseeing  all global information reporting and withholding for BlackRock and the funds we manage across all product ranges. Key stakeholders include Client Business Teams, Fund Administration, Legal, Portfolio Management, Product Tax, Securities Lending and Trading groups.

An overarching goal of the group is to ensure consistency in the application of tax knowledge on a global basis where appropriate.

The candidate will manage all facets of the FATCA/CRS (“AEOI”) process at BlackRock, requiring substantial practical experience. Key responsibilities include:

• Review and scope funds to determine their classifications (FIs, NFFEs, etc.) for AEOI

• Review and validate account holder tax documentation, including Forms W-8 and W-9, CRS self-certifications, cure documents, and AML / KYC documents

• Review and scrub data, prepare reporting templates for FATCA and CRS Reports, CRS Compliance Form, and assist in filings

• Act as liaison between BlackRock and external Transfer Agents (“TAs”) and tax consulting firms to ensure compliance with AEOI

• Oversee PPOC filings and compliance

• Respond promptly to notices and request for information from tax authorities regarding AEOI matters

• Advise board of directors on status of AEOI within specific fund ranges

• Provide guidance on FATCA withholding

• Advise on IGA and country-specific AEOI guidance, deadlines, penalties, and special reporting rules

The role will require knowledge in other areas and will secondarily support Chapters 3 and 61, and section 3406:

• Review and scrub year-end reporting data for reporting

• Assist in year-end account holder remediation

• Review tax forms an determine withholding rates (applicable treaty rates) for different types of income

• Prepare and file Forms 1099-NEC, 1099-DIV, 1099-INT, 1099-MISC, and associated Forms 1042-S and 1042 for non-US persons

• Answer IRS notices regarding Form 1042 filings and withholding

• Determine if income is reportable FDAP income and the source of that income for accounts payable

• Advise on chapter 3 withholding matters, including refunds and proper reporting on Form 1042-S

• Advise on special dividends, and other IRW questions that may arise

• Advise on Treaty entitlement and claims for U.S. domestic law exemption

• Act as liaison with custodian for IRW matters

Required Skills and Experience :

• At least 8 years of experience, preferably with a Big4 accounting firm or large financial institution

• In-depth knowledge of FATCA/CRS and the related reporting requirements across various jurisdictions, IGAs, and country-specific rules

• In-depth knowledge of IRW reports: Forms 1042-S, 1099, 8966, FATCA Report, W-8, W-9

• In-depth knowledge of applicable laws and regulations

• Must have a high level of attention to detail and organization skills

• Ability to thrive in a fast-paced environment while managing numerous projects and clients

• Effective communication and problem solving

• Strong writing and grammar skills will be needed to create reports, checklists, manuals, and policies/procedures 

• Proficiency in Excel

• Masters, CPA or JD preferred but not required

For New York, NY Only the salary range for this position is USD$194,000.00 - USD$270,000.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including heath care, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.

Our benefits

To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.

Our hybrid work model

BlackRock’s hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person – aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.

About BlackRock

At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being.  Our clients, and the people they serve, are saving for retirement, paying for their children’s educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.

This mission would not be possible without our smartest investment – the one we make in our employees. It’s why we’re dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.

For additional information on BlackRock, please visit @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an equal opportunity workplace. We are committed to equal employment opportunity to all applicants and existing employees, and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law. View the EEOC’s Know Your Rights poster and its supplement and the pay transparency statement.

BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process, please email Disability.Assistance@blackrock.com. All requests are treated in line with our privacy policy.

BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.