Compliance Analyst, FATCA

at  CLSA

POSITION DESCRIPTION

The FATCA Compliance Analyst is responsible for the execution, monitoring and enforcement of FATCA CRS compliance. The ideal candidate will have experience with Foreign Account Tax Compliance Act (FATCA) regulations and a good understanding of the financial services industry, or has strong knowledge of corporate and investment business structure setups from a legal admin, accounting or regulatory perspective.
The Compliance Analyst is required to ensure compliance with applicable rules & regulations as well as internal policies – understand and apply these R&R / Policies. He/She will also perform periodic reviews on existing clients and work on remediation projects as well. This position is based in Singapore and the Compliance Analyst is expected to work under direct supervision of the Head of FATCA-CRS. This position also focuses on due diligence and reporting process for Mandarin speaking clients, high priority / special situations clients, and also acts as backup to the FATCA Operations team based in CLSA Pune.

REQUIREMENTS

• Degree holder in Finance, Accounting, Law or a related field.
• Minimum 2 years experience in a legal or compliance role, preferably with a focus on FATCA.
• Alternatively, candidates with strong knowledge of corporate and investment business structure setups from a legal admin, accounting, or regulatory perspective are also well-suited to adapt to this role.
• Excellent communication skills (verbal and written) in Mandarin and English is a must-have.
• Attention to detail, delivering in time, accurately and escalating promptly is essential.
• Investigative skills are very helpful in this role.
• Proficiency in Microsoft Office suite (Word, Excel, Outlook) and PDF Editors is needed.
• Prior UAT experience will help.
• Good prioritization, organizational and multi-tasking skills.
• Self-motivated, desire to be challenged and eager to learn.

FATCA CRS Compliance

• Analyze the regulations for impacts to business lines across key financial centers.
• Update policies and procedures to ensure ongoing compliance.
• Review relevant clauses in legal agreements with external counterparties.
• Provide training for the impacted business and operations teams.
• Support the team during the Audits and regulatory liaisons.
• Perform Client/Vendor/Counterparty Due Diligence (Mandarin) which involves:
• Verification checks with external data sources and applying reasonableness tests on information collected.
• Translation of Mandarin to English, where required.
• Performing sample reviews of FATCA CRS Operations team’s tasks.
• Acting as back up for FATCA CRS Operations team.
• Classification of new internal entities per FATCA and CRS regulations / preparation of applicable forms / set-up on relevant platforms / Changes In Circumstances Monitoring.
• Reporting analysis and preparing of report for submission by countries.
• Reconciliation and remediation as and when required.

Other Ad Hoc Compliance Tasks

• May be required to be involved in User Acceptance Testing, when required.
• Work closely with and take direct instructions from Singapore Office – Group Head of FATCA CRS on adhoc support during projects.
• Basic regulatory referencing and assistance on mini project may be required.