FATCA & CRS Specialist, FTC – Banking

FATCA & CRS Specialist, FTC – Banking

Our client, a City based bank are looking to recruit a FATCA & CRS Specialist on a 3-4 month FTC, paying upto £250/day.
Purpose of the Role:
The incumbent to this role is expected to provide assistance for end to end FATCA , CRS and CDOT documentation and classification of clients through the on-boarding of new clients and the retrospective remediation of existing clients. The role will support the current client on-boarding process and ensure the accuracy of information available on CRM/KYC systems to facilitate compliance with HMRC’s Automatic Exchange of Information (AEOI) requirements.
The incumbent is expected to understand technical aspects of FATCA and CRS as they impact on financial services. To perform analysis on the relevant data being produced by systems such as GoldenSource to ensure accuracy. To identify any potential system changes or adaptations that may be required on an ongoing basis and to work with the relevant IT team to design, test and implement those changes. To assist the client on-boarding team with any day to day queries that may arise. To work closely with the tax team to resolve any outstanding matters
Primary Responsibilities:
· Review and identifying relevant existing clients for remediation
· Assist client on-boarding to identify any additional data requests for new clients
· Identification of client contacts
· To compile and issue mail shots
· Response tracking
· Follow up contact to request responses
· Documentation review in case of no response
· Systematic capture in GoldenSource and any remediation required
· Regular reporting to line management and head of Operations
Liaising with tax to prepare reports for submission to HMRC


* Data analytics and ability to identify trends or issues using Excel essential
* KYC and Regulatory Due Diligence experience essential
* Ability to work under pressure to a tight deadline
* Flexibility to perform a variety of tasks
* Ability to work under own initiative and as part of a team

Technical Knowledge/Skills:

* Extensive FATCA/CRS/CDOT /AEOI Expertise
* Robust knowledge of UK Financial Services and AML/KYC legislation and related regulations. Awareness of future changes and how these may impact the department
* Knowledge of Fixed Income and Equity market processes and regulations
* Computer literacy: excellent knowledge of MS Office (Word and Excel), SharePoint and an understanding of relationships databases

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