Affan Kermani

*** **** **** *****

Newark, DE ***02

Phone: 302-***-****

Email: ab91kt@r.postjobfree.com

Highlights

Withholding Tax & Tax Information Reporting

Internal Revenue Code Chapter 3, 4, 31 & 61 Compliance

W-8, W-9, 1099, 1042, 1042S, 945, CP2000 & Civil Penalty Notice

Taxation of Financial Products

Accounts Payable

Tax Research & Tax Training

Cost Basis Reporting

FATCA- Planning, implementation & Compliance

Enrolled Agent in progress

Tax Projects / Change management

Global account documentation

Interface with IRS on client tax information reporting matters

Employment History

Citibank NA (Instituitional Client Group-Treasury & Trade Solutions)

Tax InformationReporting & Withholding Manager (VP) (05-2010 – Present)

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Migration & establishment of Tax withholding & information reporting team from FL & NY to DE

Tax process reengineering to establish controls & eliminate IRS exposure worth over $5M

Management and oversight of Tax withholding & information reporting team

Implementation and oversight of section 861, 1441,1442, 3406,6049, 6050 & Chapter 61 of the Internal

Revenue Code for GTS liquidity business globally

Tax Compliance advisory of chapter 3, 4 and chapter 61 of the IRC to Citi’s Instituitional Client Group-

Treasury& Trade Solution hubs in US, EMEA, LATAM & ASPAC

FATCA (1471-1474) subject matter advisory & support for system development and processes

Seamless integration of regulatory compliance & client experience to create competitive advantage

IRS civil penalty notice

Tax research and advisory on development & implementation of tax withholding system

Customized tax training for tax operations team & business partners on withholding & information

reporting regulations

Tax research to interpret sections 1441,1442 requirements to unique corporate client legal structures

Tax research & Training under FATCA 1471-1474 to advice and recommend process, procedure and

system requirements

Leading various tax projects and process change management for FATCA readiness for US, EMEA,

ASPAC & LATAM in collaboration with corporate tax.

FATCA Global US Tax Utility project to create a US Center of Excellence for Citi’s Instituitional Client

Group-Treasury & Trade Solution Centralized tax process.

Account opening documentation for Citi’s Instituitional Client Group-Treasury& Trade Solution

globally across 92 countires.

Training, development and management of offshore team of 17 in India as well as onshore team of 13.

JP Morgan Chase & Co (Private Bank) – Newark, DE .

Tax Compliance Officer (05-2009 – 5/2010)

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Support Global Wealth Management business, (Geneva, London, Bahamas & the US) with advisory

services on documentation of foreign clients, QI filings, advisory on Section 3406, 1441, 1446 and Form

W8 for all operational teams within Wealth Management.

Provide advisory & research support for different client circumstances, including Foreign Partnerships,

Foreign Grantor trust, Complex trust & Simple trust, Foreign Corporations domiciled in various

countries.1099 & 1042S information reporting team oversight, ensuring the standards meets regulatory

requirements.

Tax research tools include RIAG, CCH and BNA, for researching and advising on tax reporting under

sections 1441, 1446, 3406, 6049, 6050, 988, 1256, 1274& other client reporting situations as needed

972CG reporting and abatement process

Development & delivery of training for account initiation & fiduciary services for section 1441 & 3406

compliance

Leading various tax projects and process change management

Tax Manager (06/2007 05/2009)

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Managing 1099/1042S Tax & Information reporting team, with responsibilities for analysis of financial

products and transaction’s taxability, data integrity of accounting system, preparation of 1099 and 1042S

Forms for ultra-high net worth clients on Omni Trust and OneSource, producing tax packages for private

banking clients.

Specialized tax research & reporting for section 1256 & 988 contracts

Specialized tax research & reporting for contingent payment debt instrument, original issue discount

investments, ETN’s, municipal bonds, REIT’s, RIC’s, MLP’s, REMIC’s & WHFIT’s

Preparing and maintaining BCP’s & CSA’s as prescribed under Sox 404.

Liaison with IRS for clients on underreporting CP notices

Provide full support post tax reporting and identify opportunities to improve client experience and business

efficiencies.

Design & conduct information reporting workshops as well as 1099/1042S training classes for service teams .

Maintenance & development of tax withholding system

Oversight of IRS FIRE filing

Form 945 & 1042 reporting

Managing tax projects and change initiatives

Sr. Tax Analyst (03/2005 – 06/2007)

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Managing 1099 tax reporting for Private Bank clients on Omni Trust, ensuring accuracy of data being

reported to the IRS, review and analysis of new securities issued to determine the taxability, review and

analysis of data processed by other OPS teams from a tax reporting perspective.

Ensuring reporting data integrity of over 2M reportable investment income transactions

Interacting with PB and IB middle office to gather information on securities trade and FX related matters.

Train new hires and seasonal staff.

Business requirement document for system enhancements for issues identified during reporting season and

performing testing and sign off on all enhancement projects for Omni Trust platform.

Training client service teams on 1099 & 1042S tax packages.

Tax Specialist (11/04 – 03/05)

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Review of investment income transaction data for accuracy of coding in relation to 1099 & 1042S reporting

Calculation and transactional restatement for income reallocation process for mutual funds

Tax package data integrity review from tax preparer perspective

Cost Basis Reporting

Income reallocation for Mutual Funds, REITs & RICs

REMICS/WHFITS/OID

Continental Broker Dealer Corp – Garden City New York

• Trainee Broker

Shadowing a broker-dealer whilst obtaining Series 7 & Series 63 License. I attended meetings with the

client to understand their investment needs and objectives. Preparation of client ‘pitch pack’. Monitor

movement of stocks to make recommendations of buy or sell to clients. The position also involved cold

calling to pitch clients.

School of Finance and Management - London

• Lecturer Accountancy / Economics

• Preparation and delivery of course materials in Accountancy and Economics, to students pursuing professional

accountancy qualification of ACCA/CIMA and undergraduate students seeking BA in Finance.

• Accounting syllabus covering ledgers, trial balances, bank reconciliation statements, cash-flow statements,

balance sheets, cost behavior, forecasts and budgets, investment appraisals, capital reduction, reorganization and

reconstruction, share and business valuation and ratio analysis.

• Economics sysllabus covering Macro and Micro, economics, covering demand and supply, consumer behavior,

competitive markets, factors of production, economic efficiency, monetary policy, international trade, economic

growth, exchange rates and fiscal policy.

Academic Record

1993 - The Chartered Institute of Bankers England - Banking Certificate / Certificate in Branch Banking.

1996 – The Chartered Institute of Bankers/Institute of Financial Services England – Associateship (BSc

Financial Services )

2001 - UMIST - England - Diploma in Management Studies

2002 - NYSE / NASD Series 7 & 63 (not active)

2005-2012 – Tax withholding & Reporting Conferences

2008 – CAifs – Chartered Associate Institute of Financial Services

2012 – 30 CPE for EA/PTIN

2012 – CCH Reporting Foreign Assets & Accounts

2013- Enrolled Agent in progress

Additional Skills

FAS 109, FIN 48, IAS 12, ABP 23

2008 Preparation and presentation of information reporting & withholding seminar for Lorman

Proficient in MS Office Suite, adobe photo shop, MS IE, Galileo, some knowledge of SQL, IBM Extra –

Omni Trust, B&A, RIAG & OneSource

Excellent command of English Language (spoken and written)

Affiliations

Associate member National Association of Enrolled Agents

Chartered Associate Institute of Financial Services

Member National Association of Tax Professionals

Member American Accounts Payable Association

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