FATCA CRS Manager
FATCA CRS Manager
- 1 Vacancy
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Job Description
An established fast-growing global brokerage firm based in the UAE, offering institutional access to U.S., GCC, and emerging markets.Liaise with US broker/dealers to obtain timely QI-relevant informat...
An established fast-growing global brokerage firm based in the UAE, offering institutional access to U.S., GCC, and emerging markets.
- Liaise with US broker/dealers to obtain timely QI-relevant information, and engage with third parties to generate accurate and timely reports that meet the IRS's reporting requirements (eg, 1042-S and 1042)
- Review FATCA-related onboarding documentation (eg, W8) to ensure that clients and counterparties are accurately classified from a FATCA perspective, including distinguishing between treaty/non-treaty and disclosed/non-disclosed clients trading through intermediaries
- Design QI compliance and reporting workflows to address the above
- Provide FATCA-related support to Relationship Managers and Clients as required
- Facilitate the implementation of technology required to automate QI-related processes, to comply with QI's data requirements, and to automate the filing of IRS reports (eg, 1042-S and 1042)
- Conduct periodic reviews of QI requirements, system data capture and processing and QI reporting, and provide recommendations for improvement
- Monitor QI compliance and adherence to requirements set out in the respective agreements and report to management on a periodic basis.
- Assist in QI audits (required every 3 years) performed by an independent third-party auditor, and ensure resolution of observations within agreed timelines
- Understanding of the US QI regime as applicable to overseas financial firms trading into US exchanges under an Omnibus (nominee) or fully disclosed trading arrangement
- Understanding tax requirements under FATCA and withholding taxes levied on incomes in US for different jurisdictions
- Familiarity with online brokerage services into global financial instruments for underlying clients (B2B2C) would be advantageous
- Min 5 years' experience supporting QIs either directly or in a financial services firm
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Job Overview
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Location
Not Specified, United Arab Emirates
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Offered Salary
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Industry
Other -
Date Posted
1 day ago
