Fatca Reporting/Compliance - Tax - Bank

Opportunity with International Bank.

Location : Bangalore.

Assist the business to collect/provide the appropriate (FATCA, CRS or other) documentation to allow for correct withholding tax rates and minimal business impact. Assist with managing compliance with FATCA, CRS and CDOT and other GTIR requirements.

Financial :

- Assist the GTIR COE and Group Tax to provide FATCA, CRS and CDOT tax technical support to businesses globally, particularly with respect to the complex collection, due diligence and customer tax reporting obligations.

- Assist with managing compliance with FATCA, CRS and CDOT and other GTIR requirements.

Customer :

- Assist the business to collect/provide the appropriate (FATCA, CRS or other) documentation to allow for correct withholding tax rates and minimal business impact. Specifically:

- Mail box management (housekeeping) for all forms escalated to Bangalore COE and then to GTIR COE and/or Group Tax.

- Review submitted customer IRS W series forms for both FATCA and chapter 3 compliance requirements as per internal guides.

- Review submitted customer FATCA, CDOT & CRS self-certifications as per internal guides.

- Gathering & documenting facts of inbound and outbound FATCA, CDOT and CRS requests from stakeholders globally. Such facts include account names, entity involved, country of on boarding, nature of account ( Beneficial owner/customers as beneficial owner).

- Provision of W series form for simple documentation (including GIIN) requests.

- Completion of CRS/FATCA and CRS documentation for simple request.

- Escalation of complex or withholding tax risk related queries to GTIR support.

Process :

- Assist with U.S. Chapter 3 withholding and reporting obligations including where an entity is acting as either a qualified intermediary (- QI- ) or a non-QI. Includes completion of information requirements for QI/NQI reporting as per internal guides for review by Group Tax.

- Assist with FATCA/CRS tax compliance processes including appropriate classification and registration of entities and GIIN list; communications (IRS portal); and collection/ provision of appropriate tax forms, reporting and withholding requirements.

- Provision of certificates of tax residency for simple requests.

- Completion of information requirements for BPay biller merchant data reporting as per internal guides.

- QTFN report lodgement tracking as per internal guides and escalated to group tax as required.

- Completion of Australian WHT collected analysis for inclusion WHT snapshots for review by group tax.

People :

- Collaborate with team members to reflect the vision and values.

- Develop self and attend the requisite training to enhance performance.

- Education and communication of the above listed subject matter areas.

Risk/compliance/behaviours :

- Engage with stakeholders to identify, manage and mitigate compliance risks and issues.

- Ensure compliance with relevant standards, policies, legislation and regulations (Statutory and Regulatory).

Skills, knowledge and Experience :

- Three years of financial services/banking, withholding tax and tax information exchange experience including FATCA and CRS (preferably with a Big 4 chartered firm or large Financial Services Co.).

- Good tax technical understanding of global tax reporting and withholding obligations

- Experience in dealing with Information Technology/Project teams (project methodology experience).

- Good Communication and influencing skills with ability to communicate confidently with senior stakeholders.

- Ability to interpret and explain in plain language, Legislative and Regulatory Requirements within the global landscape and determine the relevant impact/obligations.

- Good customer and stakeholder focus with an ability to understand commercial drivers and process orientation.