Cost Basis Business Analyst – Tax & Regulatory

Job Description:
• Analyze and document business requirements related to tax reporting, and regulatory compliance.
• Serve as a subject matter expert for cost basis rules across various asset classes, including equities, mutual funds, fixed income, and options.
• Interpret and translate IRS regulations, tax guidance, and industry rules into business requirements, functional specifications, and process improvements.
• Partner with compliance, tax, operations, and technology teams to support implementation of regulatory and tax-driven changes.
• Evaluate current-state processes and identify gaps, risks, control issues, and opportunities for automation and efficiency.
• Support design and testing of system enhancements related to: Covered and non-covered securities reporting
• Create and maintain business requirements documents, functional specifications, process flows, test cases, and user stories.
• Lead or support UAT, regression testing, and validation efforts for tax reporting initiatives.
• Investigate and resolve production issues, breaks, and reporting discrepancies involving cost basis data and tax forms.
• Collaborate with data, operations, and technology teams to ensure data quality, lineage, reconciliation, and controls are in place.
• Support readiness for regulatory audits, internal audits, and compliance reviews by maintaining documentation and evidencing controls.
• Monitor industry and regulatory developments affecting cost basis and tax reporting, and communicate impacts to stakeholders.
• Assist with implementation of process controls and governance to improve reporting accuracy and reduce operational risk.
• Provide stakeholder updates, status reporting, and issue tracking across projects and enhancements.

Requirements:
• 5+ years of experience as a Business Analyst in financial services, brokerage, wealth management, asset servicing, or tax operations.
• Strong knowledge of tax information reporting.
• Direct experience with tax and regulatory requirements impacting including: Securities transfers and basis reporting requirements
• Understanding of broker-dealer operations, post-trade processing, custody, and securities lifecycle events.
• Experience translating complex regulatory requirements into clear business and system requirements.
• Proven ability to perform gap analysis, process mapping, root cause analysis, and impact assessments.
• Experience with UAT, defect management, test planning, and validation of financial/tax reporting systems.
• Strong analytical skills with the ability to work with large datasets, reconciliations, and exception analysis.
• Familiarity with Agile, Scrum, or hybrid project delivery methodologies.
• Proficiency with tools such as SQL, Excel, JIRA, Confluence, Visio, or similar BA and data analysis tools.
• Excellent written and verbal communication skills with the ability to present to both technical and non-technical audiences.
• Strong organizational skills and ability to manage multiple priorities in a deadline-driven environment.

Benefits:
• Professional development opportunities
• Flexible working hours

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