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Sr. FATCA & Withholding Tax Specialist

Santander is a global leader and innovator in the financial services industry. We believe that our employees are our greatest asset. Our focus is on fostering an enriching journey that empowers you to explore diverse career opportunities while nurturing your personal growth. We are committed to creating an environment where continuous learning and development are prioritized, enabling you to thrive both professionally and personally. Here, you will find ample opportunities to connect and collaborate with talented colleagues from around the world, sharing insights and driving innovation together. Join us at Santander, where you are supported by a culture of engagement and a commitment to your success.

An exciting journey awaits, if you are interested in exploring the possibilities We Want to Talk to You!

USA Job Family Description: The Finance organization is responsible for leading and participating in a number of critical functions including: supporting executive management decision making by analyzing results, assessing strategic alternatives and developing strategic plans; communicating financial results and forecasts with critical stakeholders, including executive management and Board of Directors, shareholders and regulators; managing the Company's balance sheet, including interest rate and liquidity risks; establishes the Company's capital policies and prioritizes investments; develops and implements controls to reduce operational risk; developing and maintaining financial data and systems. The Finance organization works across functions and Business lines in the Company, requiring a broad understanding of our business, risk and strategy.

USA Job Function Description: The Controllership function is responsible for the operations and controls surrounding accounting, tax and financial reporting of the institution. This function's responsibilities demonstrate expertise in processing transactions, recording accounting entries, managing the general ledger and reconciliations, and interpreting and complying with technical accounting matters and financial reporting disclosure requirements. Through the Controllership function, stakeholders receive relevant insight and commentary on transaction-level and financial results for analysis and decision making. The Tax function prepares income tax returns and indirect tax filings. Provides research and advice on tax-related matters.

Essential Functions/Responsibilities:

• Reviews U.S. tax documentation forms, including W-8BEN, W-8BEN-E, W-8IMY, W-9, and related affidavits.
• Review and approve complex entity classifications (e.g., NFFE, PFFI, flow-through, hybrid entities) and provide structural tax guidance.
• Interpret IRS regulations related to FATCA (Chapter 4), NRA withholding (Chapter 3), and backup withholding (Chapter 61).
• Help coach tax specialists on tax form validation, escalations, and best practices in due diligence.
• Establish and maintain review workflows, including exception handling, QA controls, and documentation standards.
• Ensure the timely remediation of invalid or undocumented accounts and assist in high-risk client reviews.
• Help the Department manager develop internal training materials and lead onboarding and continuous learning sessions for tax specialists.
• Partner with the Manager to ensure the team is up to date on IRS guidance, regulatory changes, and system enhancements.
• Collaborate with Legal, Compliance, Front Office, and Operations to address FATCA/NRA documentation issues and develop client-facing solutions.
• Support internal audit reviews, IRS audits, and governance reporting needs related to FATCA/NRA compliance.
• Support the Manager with tax reporting validation (e.g., 1042-S, 1099s) and year-end reconciliation efforts.
• Prepare workpapers and ensure timely payments to the IRS in accordance with FATCA, Chapter 3 (NRA), and Chapter 61 (backup withholding) regulations. This includes calculating the appropriate withholding amounts from payments to nonresident clients and submitting payments to the IRS.
• Reconcile the general ledger with actual withholding and payment transactions recorded in the journal entries.
• Review documentation for deceased clients and validate account closures to ensure proper withholding classification and compliance with IRS requirements.
• Perform other duties as assigned or requested by the Manager or immediate supervisor to support FATCA, NRA, and backup withholding compliance.

Specialized Knowledge:

Comprehensive knowledge of US withholding and reporting regulations under FATCA (Chapter 4), NRA withholding (Chapter 3), and backup withholding (Chapter 61)

Familiarity with IRS Reporting requirements including Forms W-8 series, W-9, 1042-S, 8966, 1099s, 1042 and 945.

Qualifications: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education: Bachelor's Degree in Finance, Accounting, Business Administration or equivalent field. (Req) in Work Experience: Minimum 7–10 years of experience in U.S. withholding tax compliance, preferably in a financial institution, private bank, Big 4 firm, or trust/fiduciary group. Skills and Abilities: Practical taxation and reporting skills. Demonstrated competence within the taxation function. Excellent communication and organizational skills. Ability to focus on details to ensure and maintain data accuracy.

Ability to work independently and as part of a team. Ability to effectively handle multiple projects simultaneously in a deadline driven environment. Ability to multi-task and adhere to deadlines. Strong verbal and written communication skills. Intermediate to Advanced experience with MS Word, MS Excel, MS Outlook.

Diversity & EEO Statements: At Santander, we value and respect differences in our workforce and strive to increase the diversity of our teams. We actively encourage everyone to apply. Santander is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status or any other characteristic protected by law.

Working Conditions: Frequent minimal physical effort such as sitting, standing and walking. Occassional moving and lifting equipment and furniture is required to support onsite and offsite meeting setup and teardown. Physically capable of lifting up to fifty pounds, able to bend, kneel, climb ladders.

Employer Rights: This job description does not list all of the job duties of the job. You may be asked by your supervisors or managers to perform other duties. You may be evaluated in part based upon your performance of the tasks listed in this job description. The employer has the right to revise this job description at any time. This job description is not a contract for employment and either you or the employer may terminate at any time for any reason.

What Else You Need To Know:

The base pay range for this position is posted below and represents the annualized salary range. For hourly positions (non-exempt), the annual range is based on a 40-hour work week. The exact compensation may vary based on skills, experience, training, licensure and certifications and location.

Minimum: $38,250.00 USD

Maximum: $59,000.00 USD

Risk Culture: We embrace a strong risk culture and all of our professionals at all levels are expected to take a proactive and responsible approach toward risk management.

EEO Statement: At Santander, we value and respect differences in our workforce. We actively encourage everyone to apply. Santander is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status or any other characteristic protected by law.

Working Conditions: Frequent minimal physical effort such as sitting, standing and walking is required for this role. Depending on location, occasional moving and lifting light equipment and/or furniture may be required.

Employer Rights: This job description does not list all of the job duties of the job. You may be asked by your supervisors or managers to perform other duties. You may be evaluated in part based upon your performance of the tasks listed in this job description. The employer has the right to revise this job description at any time. This job description is not a contract for employment and either you or the employer may terminate your employment at any time for any reason.

What To Do Next:

If this sounds like a role you are interested in, then please apply. We are committed to providing an inclusive and accessible application process for all candidates. If you require any assistance or accommodation due to a disability or any other reason, please contact us at TAOps@santander.us to discuss your needs.