At a Glance
- Tasks: Support FATCA/CRS compliance and manage reporting obligations for a dynamic Group.
- Company: Join a supportive company that values integrity and compliance.
- Benefits: Enjoy 25 days annual leave, birthday leave, and remote work options.
- Other info: Great opportunities for professional development and career growth.
- Why this job: Make a real impact in a transformative role while developing your professional skills.
- Qualifications: Knowledge of FATCA/CRS, strong data processing skills, and ability to collaborate effectively.
The predicted salary is between 37800 - 46200 £ per year.
Our client is seeking a Group FATCA/CRS Reporting Officer for a full-time position within their Group FATCA/CRS Team.
This significant role will facilitate compliance with the United States’ Foreign Account Tax Compliance Act (FATCA) and the OECD Common Reporting Standard (CRS) during a transformative period for the Group as they establish a central function to manage their reporting obligations.
The successful candidate will play a key part in supporting the annual end-to-end reporting process, ensuring timely and accurate classifications and validations for Reportable Persons.
Job Duties
- Support the annual classification exercise of Managed Entities across the Group, ensuring all classifications are accurate.
- Document entity classifications and associated rationales/evidence in the core database to withstand Competent Authority scrutiny.
- Conduct reviews of indicia and tax reporting data on Account Holders and Controlling Persons of client entities.
- Lead the annual outreach to third-party Financial Institutions, conveying client book classifications for their reporting obligations.
- Assist various internal offices with self-certification compliance, including outreach and validity assessments.
- Support data preparation and remediation of self-certifications for CRS 2.0.
- Aid the Group FATCA/CRS Team in logging CRS 2.0 data points into the core database, ensuring completeness and accuracy.
- Assist in producing test and final XML returns for submission to Competent Authorities.
- Provide FATCA/CRS-related advice to local offices, escalating complex queries when necessary.
- Aid local offices in completing FATCA/CRS documentation for banking and investment partners.
- Manage the Group FATCA/CRS inbox, addressing queries and issues as required.
- Contribute to resolving legacy issues and remediation requirements alongside the Group FATCA/CRS Team.
- Collaborate with stakeholders towards technology-based solutions for annual reporting processes.
Job Requirements
- Working knowledge of FATCA/CRS and its application within the trust and company sector; experience in pensions is an advantage.
- Ability to complete associated documentation, including self-certifications and W-8 and W-9 forms, explaining the rationale to client-facing teams.
- Experience in undertaking entity classifications within trust and company structures.
- Proficiency in processing large volumes of data, particularly in CSV, Excel, and XML formats.
- Basic understanding of data protection laws and their relevance to data shared under AEOI.
- Capacity to interpret complex information and convey it clearly and concisely.
- Strong ability to collaborate with multiple teams while managing internal and external relationships.
- High-level integrity, ethical conduct, and commitment to client confidentiality.
- Capability to influence change at the local level and promote compliance.
- Effective time management skills and prioritisation under strict regulatory deadlines.
- Willingness to continue learning and develop professionally.
What You’ll Love
Our client offers a supportive working environment that encourages professional development, including supporting professional qualifications.
You will enjoy a culture that values integrity and is committed to maintaining compliance in all operations.
- Additional benefits include 25 days of annual leave plus an extra day for your birthday and the opportunity to work from home after a probationary period.
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FATCA / CRS Reporting Officer x 2 employer: Itchyfeet
Itchyfeet provides a collaborative work environment where employees can contribute to significant compliance initiatives. The company emphasizes professional development and offers opportunities to work on diverse projects in the financial sector.
StudySmarter Expert Advice🤫
We think this is how you could land FATCA / CRS Reporting Officer x 2
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Itchyfeet. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace FATCA / CRS Reporting Officer x 2
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Itchyfeet.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Itchyfeet's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Itchyfeet
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Itchyfeet.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Itchyfeet will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Itchyfeet employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
