Client Tax Manager I – US Tax (US Private Bank)

Location: Metro Manila, National Capital Region, Philippines

Job Family: Client Tax

About the Role

At JP Morgan Chase, we are a leading global financial services firm with a strong commitment to integrity, innovation, and client service. The Client Tax Manager I – US Tax role within the US Private Bank is pivotal in safeguarding our high-net-worth clients' interests by ensuring seamless compliance with US Internal Revenue Service (IRS) regulations. Based in Metro Manila, Philippines, this position supports our global operations by managing the reporting and withholding of tax information for US taxable clients, helping to navigate the complexities of international tax laws while upholding JP Morgan's reputation as a trusted advisor in private banking. In this role, you will lead efforts to maintain conformity with key IRS requirements, such as FATCA, backup withholding, and annual information reporting. Responsibilities include overseeing the validation of client tax forms, coordinating with cross-functional teams to implement process improvements, and providing expert guidance on tax implications for bespoke investment strategies. You will work closely with client advisors, legal teams, and technology partners to mitigate risks, resolve issues, and ensure timely filings like Forms 1042-S and 1099. This position demands a proactive approach to staying abreast of regulatory updates, contributing to JP Morgan's robust compliance framework in a dynamic financial landscape. Joining JP Morgan Chase offers unparalleled opportunities for growth in a collaborative environment that values diversity and professional development. As part of our US Private Bank team, you will contribute to serving ultra-high-net-worth individuals and families, leveraging cutting-edge tools and resources to deliver exceptional outcomes. This role not only enhances your expertise in global tax compliance but also positions you at the forefront of financial innovation, with access to mentorship from industry leaders and a supportive culture focused on work-life balance.

Key Responsibilities

• Oversee the accurate reporting of client tax information to ensure compliance with IRS regulations for US Private Bank clients
• Manage withholding processes under FATCA and other US tax withholding rules, including Chapter 3 and Chapter 4 obligations
• Review and validate client tax documentation, such as W-8 and W-9 forms, to mitigate compliance risks
• Collaborate with global teams to ensure consistent tax treatment across JP Morgan Chase's international operations
• Conduct periodic audits and reconciliations of tax data to identify and resolve discrepancies
• Provide guidance to client advisors on tax implications of investment products and transactions
• Stay updated on changes in US tax laws and implement necessary process updates
• Support regulatory filings, including preparation of Forms 1042, 1042-S, and 1099 series
• Liaise with external auditors and tax authorities on behalf of JP Morgan Chase
• Develop and deliver training on tax compliance to internal stakeholders

Required Qualifications

• Bachelor's degree in Accounting, Finance, Taxation, or a related field
• Minimum of 5 years of experience in tax compliance, reporting, or withholding in a financial services environment
• In-depth knowledge of US IRS regulations, including FATCA, Chapter 3/4 withholding, and Form 1042 reporting
• Professional certification such as CPA, Enrolled Agent, or equivalent
• Experience working with high-net-worth clients or private banking tax matters
• Proficiency in tax software and compliance tools used in global financial institutions
• Strong understanding of international tax treaties and cross-border reporting requirements

Preferred Qualifications

• Advanced degree (Master's) in Taxation or Law
• Experience in a Big Four accounting firm or major bank like JP Morgan Chase
• Familiarity with JP Morgan's internal tax systems and processes
• Knowledge of Philippine tax regulations for offshore operations
• Prior role involving audit support or regulatory examinations in tax

Required Skills

• Expertise in US federal tax regulations and IRS compliance
• Proficiency in tax withholding and reporting software (e.g., Geneva, Alteryx)
• Strong analytical skills for reviewing complex financial data
• Excellent attention to detail to ensure accuracy in tax documentation
• Effective communication skills for interacting with clients and internal teams
• Project management abilities to handle multiple compliance deadlines
• Knowledge of financial products like trusts, estates, and investment portfolios
• Problem-solving skills for resolving tax discrepancies and risks
• Team collaboration in a multicultural, global environment
• Adaptability to evolving tax laws and regulatory changes
• Proficiency in Microsoft Excel and data visualization tools
• Understanding of anti-money laundering (AML) and know-your-client (KYC) processes
• Time management to prioritize high-volume tax reporting tasks
• Interpersonal skills for advising on sensitive client tax matters
• Technical writing for preparing compliance reports and documentation

Benefits

• Competitive base salary and performance-based annual bonuses
• Comprehensive health, dental, and vision insurance coverage
• Retirement savings plan with company matching contributions
• Generous paid time off, including vacation, sick leave, and parental leave
• Professional development programs and tuition reimbursement for certifications
• Employee stock purchase plan and financial wellness resources
• Flexible work arrangements, including hybrid options in Metro Manila
• Access to JP Morgan's global wellness initiatives and employee assistance programs

JP Morgan Chase is an equal opportunity employer.