Financial Reporting Tax Services

christopher d. farias

** ****** ***** ****, *******, MA Cell 781-***-**** *********@*****.***

Summary& highlights

A well rounded professional with a proven track record of building and enhancing multiple business lines from start to finish including Tax, Regulatory Reporting and Financial Reporting. Experienced leadership of business lines across multiple continents and product types, across all regions where businesses operate. Key business improvement leadership including the identification of weaknesses, development of resolutions plans, obtaining buyoff internally and with customers, and implementation of process improvements. Successful creation and roll out of key strategic product lines including regulatory products designed to capture opportunities related to global regulatory activity, and enhancements of product set. Development and Delivery of internal and external business growth models contributing to substantial growth in the business. Leadership of tax groups in the implementation of several very large scale conversions onto platforms from competitors.

Professional Experience

CFar Consulting, Norwell, MA 2021-Present

Owner and Operator, Tax Consulting

Several engagements including work for Big 4 Accounting firm, and for Asset Manager. Engagements included:

oReview and recommendations related to Global Tax such as Tax reclaims, Tax Relief at Source

oReview and recommendations related to Fund Services tax function

oAssessment of build vs. buy decision for fund administrator

JPMorgan Chase, Boston, MA 2014-2021

Global Head of Product Tax, Custody and Fund Services

Conceived, Engineered and Implemented first ever outsource by a fund administrator of tax services. Resulted in significant improvements both internally and to client base. Resulted in changed dynamic across entire industry, with others since taking similar approach.

Built Tax Product team from 1 to 20, adding high caliper talent across all regions including North America (U.S. and Canada), EMEA (UK, Luxembourg, Ireland) and Asia (Hong Kong, Japan)

Recognized leadership within JPM including amongst sales and client relationship, Corporate Tax, Sr. Leadership and many other constituents

Conceived and presided over substantial technology development in custody space, creating best in class tax processing capabilities

Organized and delivered client “roadshows” during process of build out to ensure “voice of the client” was appropriately considered. Subsequent sessions created to educate client base as to enhanced capabilities

state street corporation, Including Investors Bank & trust (ibt), Boston, MA 1999-2014

Head of Shared Services, Alternative Investments Division (AIS) (2008-2014)

Business unit consists of over 300 employees located in North America, Europe and Asia providing Tax, Financial Reporting, Compliance (AML) and Regulatory Reporting Services.

Client base includes global and boutique asset managers’ products including hedge funds, private equity, real estate, ’40 Act and European pooled vehicles.

Led substantial change and centralization of businesses for Tax and Financial Reporting including centralization, standardization and right-shoring

Created and implemented the Regulatory Reporting Services group from scratch, with no blueprint, internal or external. Results in significant revenue stream and pipeline of clients.

Oversight of the creation of COE for FATCA services in North America, in process of roll out. Built significant revenue stream and pipeline of clients.

Responsible for tight cost control during growth, focusing on right-shoring, business transformation and technology enhancements.

Head of Tax Services, Alternative Investments Division (2007-2008)

Responsible for Tax services, as result of then recently completed acquisition.

Initial responsibilities limited to legacy Investors clients, with rapid expansion to take on Tax services for all of AIS, requiring unusually large amount of internal sales to Businesses (hedge and PE).

Global Head of Tax Services (Investors Bank & Trust) (2005-2007)

Led improvements of Tax after group suffered significant damage to brand following several high profile Tax matters.

Rescued the fund administration business for the key IBT client, adding significant value to company leading up to acquisition.

Global responsibility for all Tax services, managing group of 140 Tax professionals across multiple disciplines.

Including ’40 Act Tax services, Hedge and Private Equity Tax services, Custody Tax (NRA withholding, Tax reclaims), European Tax services.

Significant visibility to senior management and client base as product expert.

Head of Product, Alternative Investments Division (2004-2005)

Created business plan for management committee’s consideration of expansion into this key strategic business line, providing vision of future growth opportunities.

Recognized as playing key role for IBT in the design and roll out of the AI platforms.

Created and led the marketing and sales approach to AI prospects across all continents.

Experienced significant growth in this business line leading up to and including during tenure as product head.

Head of Tax Services (1999-2004)

Initial leadership of two very small tax groups providing services to ’40 Act and AI businesses

Oversight of complete transformation of the business model through personnel upgrades, improved business solutions and consistency, improved relationships with internal constituents and increased exposure to senior management.

Credibility of business substantially improved through improvements in service model, collaboration across businesses internally, and client interface.

Began increased focus on the AI space, designing and implementing changes to the business model such as technology improvements.

Established role as key leader in the resolution of complex tax and non-tax client matters.

deloitte & touche, Boston, MA 1988-1994, 1994-1999

Tax Senior Manager, Financial Services Industry Practice (FSIP) (1994 – 1999)

Led the provision of Tax services to DTs largest clients in the Boston and NY offices.

Established as industry-leading Tax expert in financial instruments Taxation and structural Tax issues affecting mutual funds and AI products, authoring Tax technical articles and presenting at industry conferences.

Tax Manager (-1994)

Manager responsible for the delivery of Tax services to key Boston financial services client base.

Education

northeastern university, Boston, MA

Bachelor of Science, Accounting, 1988

bentley college, Waltham, MA

Masters in the Science of Taxation, 1993

Contact this candidate