Ashish Mane
Mumbai
Summary
Experienced FATCA/CRS compliance manager with extensive expertise in regulatory compliance and tax reporting. Proven track record of ensuring accurate and timely submission of required forms while maintaining compliance with IRS regulations. Proficient in data analysis, risk management, and software utilization to streamline filing processes. Strong communicator adept at fostering collaborative relationships with internal teams and external stakeholders to achieve seamless compliance outcomes.
Overview
10
10
years of professional experience
8041
8041
years of post-secondary education
2
2
Certifications
3
3
Languages
Work History
Assistant Vice President
Citi Services India Pvt Ltd
04.2020 - Current
- Assisted businesses with local tax authority queries related to FATCA and CRS
- Supported senior management in responding to IRS queries
- Prepared W-8,W-9 and CRS tax forms for all Citi entities globally, ensuring compliance with FATCA and CRS regulations.
- Filed form 1042-S, 1042, and 1099
- Evaluated U.S Tax treaties with other countries to determine taxability and exemptions for income types such as REIT, dividends, royalties, etc
- Conducted reconciliation of US source payments with Upstream agents like Euroclear and Clearstream
- Ensured compliance with IRS & OECD regulations for FATCA and CRS forms
- Complied with reporting and due diligence requirements per Qualified Intermediary (QI) agreement with IRS
- Identified and reported FATCA and CRS reportable accounts to participating countries
- Collaborated with Product and IT support teams on new IRS tax and compliance requirements
- Assisted senior management with internal & external audits, including presenting process activities to auditors
- Performed User Acceptance Testing (UAT) on tax-related software.
Senior Analyst
Nomura Services India Pvt Ltd
03.2016 - 04.2020
- Reviewed cash flow and withholding calculations for income sources such as interest and dividends
- Assisted downstream teams with daily payment and withholding calculations
- Reviewed W-8 & W-9 tax forms and ensured tax compliance according to IRS guidelines
- Monitored dividend equivalent payment transactions on US equities to prevent tax avoidance
- Collaborated with cross-functional teams for report reconciliations and exception reporting
- Supported various projects as directed by senior management (e.g., FINRA 4210, Cost Basis, Remediation)
- Provided weekly status reports to senior management on project progress.
Associate
Royal Bank of Scotland
12.2014 - 02.2016
- Reviewed and processed cases related to Foreign Account Tax Compliance Act (FATCA) based on UK-US inter-governmental agreement
- Conducted remediation of CDOT cases following HMRC guidelines
- Performed due diligence on entities, individual customers, and enhanced due diligence for HNI customers
- Processed Common Reporting Standard (CRS) cases in accordance with OECD guidelines
- Participated in User Acceptance Testing (UAT) for new tax-related software implementations.
Education
MMS (finance) - Finance
Indira Institute of Business Management
BMS -
Patkar College
HSC -
Patkar College
SSC -
Vivek Vidyalaya
Skills
Tax Withholding Procedures
Accomplishments
- Received the Silver Award twice for completing tax filing on time.
- Awarded the Bronze award for exemplary performance in handling IRS inquiries for tax years 2018-2020.
- Recognized by senior management for establishing a streamlined process for new IRS regulations and identifying gaps in the existing process.
Certification
Equity Derivatives from NISM
Additional Information
Gender: Male
Marital Status: Married
Timeline
Assistant Vice President
Citi Services India Pvt Ltd
04.2020 - Current
Senior Analyst
Nomura Services India Pvt Ltd
03.2016 - 04.2020
Associate
Royal Bank of Scotland
12.2014 - 02.2016
MMS (finance) - Finance
Indira Institute of Business Management
BMS -
Patkar College
HSC -
Patkar College
SSC -
Vivek Vidyalaya
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