Assistant Manager FATCA & CRS

The purpose of the job is to carry out end-to-end responsibility of Automatic Exchange of Information (AEOI). Responsible for the collection and reporting of FATCA and CRS data to the regulatory authorities (CBUAE, SCA, MOF, OECD, IRS).

Responsibilities:

• Perform complete reviews of client files/records/information to ensure relevant tax information against a predefined checklist and procedure are obtained and regulatory requirements for reporting are met
• Identify gaps and plan the continuous remediation of the existing FATCA and CRS accounts for reporting solution in-coordination with Business and other relevant stakeholders.
• Plan well in advance for the Report preparations and submissions
• Check for correctness, including validation of client and completeness of documents received against regulatory requirements
• Provide regular progress reports to the management on regulatory returns, breaches, and issues (if any).
• Closely work with relevant stakeholders to resolve issues and arrive at appropriate solutions by providing timely and relevant advice
• Ensure project and process risks are identified and mitigated effectively to ensure adherence with regulatory requirements
• Manage relationships with internal and external stakeholders
• Ensure all customer records are maintained for FATCA and CRS in line with regulatory guidelines
• Provide periodic training to relevant business and support functions to ensure staff are well trained to perform their BAU activities in relation to FATCA/CRS
• Ensure SOPs are in place and updated as and when required to avoid any regulatory breaches
• Be audit ready and manage any regulatory inspections on FATCA and CRS