Tax Counsel - Controversies & Salt

This is Hybrid role (4 days in office /1 day remote)Role OverviewThe Interactive Brokers Global Tax Team serves an important role in the success of our business. We mitigate risk and create value for our business and our customers. We partner with many functions across the company, including Accounting, Treasury, Technology, Customer Service and Marketing, to assist our business in achieving our commitment of delivering value through technological innovation and providing our clients with unprecedented access to global markets at the lowest cost. The Global Tax Team sets the tax policy for the company, identifies, develops, implements, and manages tax strategies to help minimize our overall tax cost. We advise on the U.S. and international tax aspects of our product offerings to customers, manage tax audits, and ensure financial reporting and tax returns are filed timely and accurately.We are looking for a Tax Counsel with deep expertise in tax controversy management and U.S. state and local taxation to join our rapidly growing Global Tax Team. The person will serve as the primary legal resource for managing federal, state, and foreign tax audits, disputes, and litigation, with a particular emphasis on state and local tax ("SALT") controversies across multiple jurisdictions. The person will have extensive interface with key tax personnel, non-tax business executives, external counsel, and government tax authorities. A successful candidate will need to be a collaborative team player who is entrepreneurial, detail-oriented, an excellent communicator, and a skilled advocate and negotiator.ResponsibilitiesTax Controversy Management - Primary Focus

Serve as the primary legal advocate for managing all aspects of U.S. federal, state, and foreign tax controversies, audits, and disputesLead and manage state and local tax audits across multiple jurisdictions, including correspondence, negotiations, and advocacy before state and local tax authoritiesDevelop and execute audit defense strategies, including preparation of responses to information document requests (IDRs), notices of proposed adjustments, protests, and administrative appealsAssess litigation risk and make recommendations to senior management on settlement versus litigation strategiesCoordinate and manage outside counsel and tax advisors engaged in tax controversy mattersSupport IRS examination and appeals proceedings, including preparation of protest letters and participation in appeals conferencesAssist with managing foreign tax controversies in coordination with international tax colleagues and outside counselMaintain a comprehensive tracking system for all open tax audits, disputes, and litigation matters across all jurisdictionsCoordinate with the tax compliance and accounting teams to ensure audit findings and settlements are properly reflected in tax returns and financial statements, including uncertain tax positions under ASC 740-10

State and Local Tax ("SALT") Advisory

Develop and maintain deep expertise in state and local tax laws, regulations, rulings, and case law across jurisdictions relevant to IBKRAdvise on SALT implications of business activities and transactions, including nexus analysis, apportionment, and allocation issues specific to financial services and technology companiesMonitor legislative, regulatory, and judicial developments in SALT and assess their impact on IBKR's tax positions and compliance obligationsIdentify and evaluate SALT planning opportunities to minimize IBKR's overall state and local tax burdenPartner with the tax compliance team to provide technical guidance on state and local tax return positions

Legal Research, Documentation & Collaboration

Perform legal research on federal, state, and foreign tax controversy issues and deliver well-reasoned legal conclusionsDraft legal memoranda, technical position papers, and protest letters to document legal conclusions and tax positionsPartner with the broader Global Tax Team on tax controversy implications of business activities and transactionsCollaborate with Legal, Compliance, and Accounting teams on matters that intersect with tax controversy issuesAssist with research, development, and integration of new tax technologies, including controversy management tools and automationSupport Internal Audit/Risk Reviews and work on special projects as needed

Qualifications, Skills & AttributesRequired:

Minimum of 7-8 years of experience in tax controversy with significant focus on U.S. state and local tax, at a nationally recognized law firm, Big 4 accounting firm, or in-houseJ.D. is required; LL.M. in Taxation is plusAdmission to at least one U.S. state bar; ability to be admitted to the Connecticut or New York bar preferredDeep expertise in U.S. state and local tax law, including corporate income and franchise tax, nexus standards, apportionment and allocation methodologies for financial services companies, and unitary business principlesStrong knowledge of tax controversy procedures at both the state and federal level, including audit management, administrative appeals, and litigation proceduresSolid foundation in U.S. federal income tax law, including Subchapter C, Subchapter K, and financial productsWorking knowledge of uncertain tax positions and ASC 740-10 financial statement implicationsExcellent legal research, writing, and negotiation skillsStrong business communication skills with ability to effectively relate tax issues to non-tax personnelAdvanced MS Office skills, particularly MS ExcelStrong commercial and business awareness

Preferred:

Prior experience with multistate tax issues specific to financial institutions, broker-dealers, or securities firmsExperience managing foreign tax controversies in coordination with international tax colleaguesFamiliarity with financial products taxation at the state and federal level, including treatment of derivatives, securities lending, and investment incomeKnowledge of local taxes (New York City and other municipal taxes)Experience managing outside counsel on tax controversy mattersFamiliarity with tax technology platforms and controversy management tools

Company Benefits & Perks

Competitive salary, annual performance-based bonus, and stock grant awards401(k) retirement plan with competitive company matchExcellent health and wellness benefits, including medical, dental, and vision benefits. 100% employer-paid medical premiums, with generous employer contributions to dental & vision plans as well.Wellness screening and assessments, health coaches, and counseling services through an Employee Assistance Program (EAP)Generous paid parental leave (up to 16 weeks paid parental leave for eligible employees)Company-paid basic life insurance, accidental death & dismemberment (AD&D), and short- and long-term disability coverageFlexible Spending Accounts (Healthcare, Dependent Care, and Commuter FSAs)Quarterly fitness stipend to offset costs associated with traditional gym and fitness memberships or feesEducation reimbursement and professional development opportunitiesLegal services, telehealth access, and voluntary insurance optionsBackup child and adult care support through Care.comDaily lunch allowance and fully stocked kitchen with healthy breakfast and snack options