Senior Project Manager-U.S. Tax Regulation

CONTRACTOR - Senior Project Manager-U.S. Tax Regulation

Client: Investment Bank

Location: Hybrid-4 days onsite in New York, NY

Contract Duration: 9 months

RESPONSIBILITIES

• Lead end-to-end delivery of regulatory and strategic initiatives impacting US tax operational processes
• Manage full project lifecycle, including planning, execution, and delivery
• Coordinate across IT, Operations, Compliance, and US Corporate Tax/Finance teams
• Conduct impact assessments and translate regulatory requirements into functional specifications
• Ensure alignment with enterprise architecture and data strategies
• Define and monitor delivery milestones, risks, and dependencies
• Lead change management activities including communication, training, and adoption

Operating Model Review & Transformation

• Assess the current US withholding tax operating model
  • Map end-to-end processes, roles, rules, and actual practices
  • Identify reliance on manual processes and existing controls
• Identify gaps, risks, and pain points
  • Diagnose operational and control risks, key dependencies, and single points of failure
  • Assess alignment with US tax regulations and internal control standards
  • Highlight issues across closing, trading support, tax operations, and finance
• Review process ownership and sustainability
  • Evaluate ownership, handoffs, and timing of tax determination across teams
  • Assess scalability and long-term viability
• Evaluate controls, KPIs, and governance
  • Review control design and execution
  • Assess oversight, escalation, and decision-making frameworks
• Develop operating model recommendations
  • Define target state options across ownership, automation, and controls
  • Present risks, trade-offs, and implementation considerations
  • Differentiate short-term fixes vs. structural improvements
• Produce decision-ready deliverables
  • Current state maps, gap and risk analysis, target operating models
  • Executive summaries for senior management

Mandatory

• Experience in Financial Services (CIB / Banking environment)
• Strong Project Management and Change Management expertise
• Proven experience delivering regulatory or transformation programs
• Solid understanding of US tax frameworks:
  • IRC Chapter 3 (NRA withholding)
  • IRC Chapter 4 (FATCA)
  • Treaty rate determination
  • 1042 / 1042-S and 1099 reporting processes
• Hands-on experience with US withholding tax operations
• Ability to translate regulatory requirements into operational and system solutions
• Strong analytical and problem-solving skills
• Excellent stakeholder management and communication skills
• Experience with complex systems, data flows, and operational processes
• Leadership experience in cross-functional environments
• Experience reviewing or transforming end-to-end tax operating models
• Strong consulting and diagnostic capabilities:
  • Conduct structured operational reviews
  • Perform stakeholder interviews and facilitate workshops
  • Present findings to senior management

Nice to have

• Background in banking, loan agency, custody, or structured finance operations
• Prior consulting or advisory experience in tax operations, operational risk, or regulatory change
• Experience with loan servicing systems (e.g., Loan IQ)
• Strong strategic and analytical thinking
• Adaptability and problem-solving mindset
• Strong collaboration and communication skills
• Change management expertise as an enabler of transformation