Ashish Mane
Mumbai,MH
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
9
9
years of professional experience
1
1
Certification
Work History
Manager (C11)
Citi Services India Pvt Ltd
04.2020 - Current
- 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 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
- Reviewed and supported daily BAU activities involving W-9, W-8, and CRS forms
- 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 the 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, Mumbai
05.2014
BMS -
Patkar College, Mumbai
05.2011
HSC -
Patkar College, Mumbai
03.2008
SSC -
Vivek Vidyalaya, Mumbai
03.2006
Skills
Regulatory Compliance
Tax Withholding Procedures
Software Proficiency
Interpersonal Skills
Problem-Solving
Continuous Learning
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
- Interest Rate Derivatives from NISM
Languages
English
Hindi
Marathi
Additional Information
Gender: Male
Marital Status: Married
Timeline
Manager (C11)
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, Mumbai
BMS -
Patkar College, Mumbai
HSC -
Patkar College, Mumbai
SSC -
Vivek Vidyalaya, Mumbai
- Equity Derivatives from NISM
- Interest Rate Derivatives from NISM
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