Cost Basis Team Manager - Vice President

Looking for an opportunity to transform your operating environment and take your career to the next level? Join our team! Our role provides exposure to the breadth of services and products across the firm, giving you the chance to identify problems, improve scale with automation tools, and enhance the client experience.

Don't miss out on the chance to empower yourself and make a difference.

As a Cost Basis Team Manager - Vice President within the Cost Basis Team, you will have a crucial role in ensuring compliance with tax withholding and information reporting regulations across the Commercial & Investment Bank and Consumer & Community Banking.

You will be instrumental in establishing a standardized framework and maximizing efficiency, while providing exceptional client service.

You will be part of a team responsible for maintaining client cost basis data reported on Form 1099-B while working with Product & Relationship Managers, Operations, Technology, Legal and Corporate Tax.

Job responsibilities


* Analyze processes and workflows for efficiency opportunities and implement the automation strategy


* Build and foster a durable culture and team.

Support each team member through their career journey


* Respond to complex requests for cost basis adjustments and associated client queries.


* Identify problems, leverage automation tools to improve scale, and enhance the client experience


* Reconcile tax lot information in the cost basis system to ensure accurate 1099 reporting


* Collaborate with other departments to ensure that transactions are booked properly and are reflected accurately in the cost basis system


* Research tax/cost basis consequences for corporate actions leveraging vendor applications, Securities and Exchange Commission (SEC) filings, and company websites to ensure that proper adjustments are made for impacted holders


* Analyze historical records and information provided by clients and other investment firms to reconstruct and verify the accuracy of cost basis information


* Audit the accuracy of completed cost basis calculations and provides coaching and feedback to team members to continuously improve department quality metrics


* Communicate with internal business partners to provide updates on the status of their requests and solicit additional information through written and verbal correspondences


* Act as a subject matter expert to provide insight into cost basis related issues.

Required qualifications, capabilities, and skills


* 5+ years of relevant work experience


* Advanced knowledge of automation and data analysis with great attention to detail


* Excellent time management, problem resolution, research, and communication skills


* Culture carrier, people management with high-level interpersonal skills


* Formidable partnership with the business and aligning the team with the business's core objectives


* Working knowledge of cost basis and ta...