FATCA Officer

About the role

The FATCA Officer will support the bank’s compliance with FATCA regulations by monitoring customer classifications, reviewing alerts, preparing reports, and ensuring timely actions to mitigate financial and legal risks.

Key responsibilities

• Monitor FATCA requirements, IRS updates, and FFI lists and recommend necessary actions.
• Review FATCA alerts, customer classifications, and changes in customer information, following up on identified indicators.
• Report suspected FATCA cases, high‑value accounts, and non‑cooperative customers to senior management.
• Respond to FATCA‑related inquiries from branches and internal departments, providing recommendations.
• Verify the accuracy of FATCA classifications and supporting documentation for individuals and entities.
• Assist in the preparation and validation of annual FATCA reports and required IRS submissions.
• Support overseas branches and subsidiaries in meeting FATCA obligations.
• Monitor withholding amounts and ensure compliance with FATCA withholding requirements.
• Maintain FATCA records, correspondence, reports, and supporting documentation.
• Stay informed on relevant local and international tax regulations and report material developments.

Required profile

• Bachelor’s degree in Banking, Business Administration, or a related field.
• Minimum of 4 years of relevant banking experience.
• Strong command of written and spoken English.
• Analytical, problem‑solving, and communication skills with the ability to interact with various management levels.
• Professional appearance and good interpersonal manner.
• Proficiency with banking systems and general computer skills.
• Good understanding of FATCA and banking compliance requirements.