GOCS Corporate Actions Generalist

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Business Unit: Asset Services
Department:  US Tax Services
Job Family: Global Operations, Client Services & Administration 
Job Title: GOCS Corporate Actions Generalist
Corporate Title: Associate
FLSA Code (US Only): Exempt
People Manager: No


Business Unit Description:


The Global Operations, Client Services & Administration group delivers world-class safety and soundness for the global financial services industry. The team provides DTCC’s portfolio of core securities and superior transaction processing and client services support in an environment that minimizes risk and cost while maximizing efficiency.


Position Summary:


The Tax Information Service group supports, maintains, and enhances DTCC’s various domestic tax products, including the US Tax Withholding Service, 2439 Reporting, 1099 Reporting, 1042-S Reporting, and W-9 compliance. The area works closely with Product Management and the General Counsel to market these products and ensure compliance with current Treasury Department Legislation. The US Tax Withholding Service is an automated system that allows non-US financial institutions holding US securities at the depository to comply with non-resident alien (NRA) withholding tax rules.


Specific Responsibilities:


  • Researches and responds to internal day-to-day questions from customers regarding tax classifications and allocations.
  • Monitors and identifies new products and works with Tax Counsel and Product Management when required to determine withholding impact and correlate all changes to tax legislation enacted during the year by reading and understanding the various new regulations, to include Section 302 Reporting/Withholding and their impact to the Industry contained in IRS Publication 15 & Publication 17.
  • Provides tax technical support for Asset Services (Underwriting, Announcements) with respect to new issue prospectus review and event classification.
  • Coordinates the sub-issue type reclassification efforts between Underwriting and IT on DTCC Masterfile.
  • Monitors and controls reconciliation of all tax adjustments to the collected funds. Updates tax tables allowing proper withholding on all security types as well as the various tax components including Section 302, Section 305(c) and 871(m) Reporting/Withholding.
  • Ensures that tax funds are remitted to the IRS according to the IRS-imposed schedule.
  • Prepares and reconciles the Asset Services Division 1042-S and 1042 forms and provides the 1042 for filing.
  • Manage the process of 2439 reporting and W-9 compliance.
  • Responsible for supporting the department in adherence to AML/BSA policies and procedures as set-forth by various regulatory bodies.
  • Responsible for conducting, reviewing, analyzing, resolving and escalating the results of any manual or automated compliance/regulatory related Transaction Monitoring, including, but not limited to AML/BSA related monitoring conducted by the business unit.

Leadership Competencies for this level include:

  • Accountability: Demonstrates reliability by taking necessary actions to continuously meet required deadlines and goals.
  • Global Collaboration: Applies global perspective when working within a team by being aware of own style and ensuring all relevant parties are involved in key team tasks and decisions.
  • Communication: Articulates information clearly and presents information effectively and confidently when working with others.
  • Influencing: Convinces others by making a strong case, bringing others along to their viewpoint; maintains strong, trusting relationships while at the same time is comfortable challenging ideas.
  • Innovation and Creativity: Thinks boldly and out of the box, generates new ideas and processes, and confidently pursues challenges as new avenues of opportunity.

Specific Skills and Technologies

  • Understanding of generation of 1099 and 1042S reporting requirements
  • Strong knowledge of securities industry and systems environment
  • Ability to perform business process analysis and create efficient solutions
  • Ability to analyze business trends, identify risks, and impact of actions on customers
  • Strong project management and organizational skills
  • Excellent communication skills
  • Knowledge of Microsoft Excel and other Microsoft Office Products is a plus


  • Minimum of 5 years of related experience
  • Bachelor's degree preferred with Masters or equivalent experience

About DTCC:


With over 40 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry. From operating facilities and data centers around the world, DTCC automates, centralizes, and standardizes the processing of financial transactions across the trade lifecycle and mitigates risk for thousands of institutions worldwide.

At DTCC we value on our clients' interests and partner to deliver superior results with excellence and innovation and lead with integrity. We proactively develop your potential and invest in your career.

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