Job Description
Our client is seeking a Group FATCA/CRS Manager who will play a pivotal role in ensuring the offices continue to satisfy regulatory obligations under Automatic Exchange of Information (AEOI), specifically that of the U.S. Foreign Account Tax Compliance Act (FATCA) and the OECD’s Common Reporting Standard (CRS).
The role holder will be required to support the Group through a rapid transition in international legislation, with the introduction of the Amendments to the CRS and the Crypto-Asset Reporting Framework (CARF), while supporting impacted offices in satisfying their reporting obligations.
You will also form partnerships with both internal and external stakeholders, while supporting the Group and its wider offices in driving strategic and policy change in preparation for changes in legislation and external regulatory audits.
Role Responsilbities
– Maintenance of Group FATCA GIINs – filing of Periodic Certifications, Certification of Pre-existing Accounts (CoPA) and RO certifications.
– Provide advice to various teams across trust, company, and pension products in answering client queries and external banking and investment partner classification rationale queries.
– Engage with offices to assess reporting scope, impact, and revenue opportunities and lead the production of statistical data to inform the Group Board – reportable entities, entity classifications, and revenues.
– Procure and deliver a training programme to all offices, accounting for jurisdictional nuance where applicable.
– Work with the Reporting Officers across impacted jurisdictions to resolve complex issues – xml. schema issues, regulatory enquiries/visits and Compliance Returns.
– Trust, company, and pensions FATCA/CRS classifications and subsequent reporting, where applicable.
– Keeping abreast of local-level AEOI updates across jurisdictions.
– Liaising with internal and external IT stakeholders with a view to improve AEOI processes.
– Participate in AEOI working groups, ensuring relevant information is disseminated to teams concerned.
Skills & Experience Required
– Experience of classifying client entities and filing FATCA/CRS returns within a multi-jurisdictional and fiduciary context, Model 2 FATCA reporting an advantage.
– Ability to complete required FATCA/CRS documentation (self-certifications, Controlling Person forms, and W-8/W-9 series forms).
– Able to work with, understand, and process large volumes of data – CSV, Excel, and xml. in particular.
– Prior experience remediating historic FATCA/CRS reporting and engaging with regulators.
– Strong working knowledge of FATCA/CRS and its application within a fiduciary setting, while accounting for jurisdictional nuance in interpretation and application.
– Experience of producing and delivering AEOI training programmes.
– An understanding of data protection laws and their application to data exchanged under AEOI.
– Ability to digest complex information and disseminate this in a concise and understandable manner
Salary & Benefits
The salary for this role is negotiable, dependent upon qualifications & experience so please get in touch with our team for further information.
This client also offers the following benefits package:
– Holiday Entitlement: 25 days, with an additional day for each consecutive year of service (up to a maximum of 30 days).
– Bank Holidays: Includes all UK and Isle of Man Bank Holidays.
– Comprehensive healthcare insurance
– Option to Purchase 5 extra Holiday Days per year
– Study and exam support for professional development relevant to your role.
– Pension Scheme: We’ll match your contributions up to 5%.
– Bonus Incentive Scheme if the company meets targets.
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