Associate, Tax and Cost Basis Operations

Your opportunity

We believe that, when done right, investing liberates people to create their own destiny. We are driven by our purpose to champion every client’s goals with passion and integrity. We respect and appreciate the diversity of our employees, our clients, and the communities we serve. We challenge conventions strategically to create value for our clients, our firm and the world. We live and bring to life the concept of ‘own your tomorrow’ every day. We champion our employee strengths, guide their development, and invest in their long-term success. We hire optimistic, results-oriented, curious, innovative, and adaptable people with the desire to help our clients and one another succeed.

As a company, we were established by Chuck over 40 years ago to champion Main Street over Wall Street, and to help Americans transform themselves from earners to owners. Through advocacy and innovation, we work to make investing more affordable, accessible and understandable for all. As we enter our fifth decade, we are looking for talented, innovative and driven people who believe they can help themselves, and our clients, create a better future.

Our Opportunity:

Tax and Cost Basis Operations is a part of the Custody Asset Services organization within Schwab Operational Services. We are dedicated to leading a culture that delivers timely and accurate tax reporting in our efforts to create a premier client experience, while providing a controlled and disciplined environment that allows our employees to feel valued and engaged.

The W8 Team within Tax and Cost Basis Operations processes U.S. tax withholding certificates submitted by Schwab’s foreign clients to ensure appropriate tax withholding and reporting under U.S. tax laws and treaties.

What you have

What you’ll do:

As an Associate on the W8 Team in Tax and Cost Basis Operations you will be responsible for:

• Reviewing W-8BEN tax forms and associated documentary evidence for completeness and accuracy
• Updating internal systems to reflect W-8BEN validation results
• Determining and applying appropriate withholding rates to client accounts based on W-8BEN review
• Sending written communications to notify clients of an incomplete or rejected W-8BEN
• Processing and reviewing departmental control reports
• Assisting with ad hoc projects as needed

What you have:

• Work experience in operations at a financial services firm
• Proficient computer skills including Microsoft Excel and Word
• Ability to understand and apply complex rule sets while strictly adhering to policies and procedures
• Ability to collect and input data quickly and accurately
• Outstanding time management, organization and attention to detail
• Strong verbal and written communication skills
• Collaborative, team-oriented approach
• Ability to work under pressure in a fast-paced environment while maintaining the highest level of positivity and professionalism
• Ability to identify and communicate issues effectively and timely to peers and management
• Initiative to perform day-to-day tasks with limited guidance or direct supervision

You demonstrate these behaviors:

• Initiative - Identifies what needs to be done and takes action before being asked or required to, does more than what is normally required in a situation
• Results Oriented - Has a strong sense of urgency about solving problems and getting work done 
• Customer Oriented - Demonstrated concern for satisfying one's external and/or internal customers
• Adaptability - The ability to keep functioning effectively when under pressure and effectively handle several problems or tasks at once

What you’ll get:

• Comprehensive Compensation and Benefits package.
• Financial Health: 401k Match, Employee Stock Purchase Plan, Employee Discounts, Personalized advice, Brokerage discounts.
• Work/Life Balance: Sabbatical, Paid Parental Leave, New Mothers returning to work Program, Tuition Reimbursement Programs, Time off to volunteer, Employee Matching Gifts Program.
• Everyday Wellness: Health and Lifestyle Wellness Rewards, Onsite Fitness Classes, Healthy Food Choices, Wellness Champions.
• Inclusion: Employee Resource Groups, Commitment to diversity, Strategic partnerships.
• Not just a job, but a career, with an opportunity to do the best work of your life.

Learn more about Life@Schwab.

Charles Schwab & Co., Inc. is an equal opportunity/affirmative action employer committed to diversifying its workforce. All applications are considered without regard to race, color, religion, sex, sexual orientation, national origin, age, disability, protected veteran status (disabled veterans, recently separated veterans, active duty wartime or campaign badge veterans, Armed Forces service medal veterans), or based on any individual's status in any group or class protected by applicable federal, state or local law.