FATCA & CRS Specialist at JTC Group

To assist in effectively managing and co-ordinating work-streams relating to the Foreign Account Tax Compliance Act (“FATCA”) and the Common Reporting Standard (“CRS”) across all of the jurisdictions where JTC has a presence as well as CRS administration of the JTC Group.

Responsibilities

• Ensure that all indicia gaps and entity classifications are completed for all jurisdictions;
• Assist JTC Group in ensuring FATCA & CRS compliance in all relevant jurisdictions by relevant deadlines;
• Where required, there will be a requirement to liaise directly with clients and/or their advisers;
• Assist with the FATCA & CRS classification of new business;
• Centralisation of registration function, and the monitoring of Internal Revenue Service (“IRS”) e-mail communication via the IRS portal, and all other jurisdictions respective revenue authority portals in which JTC has a presence;
• Monitoring developments to FATCA & CRS and assisting the business in terms of communicating with affected clients;
• Be JTC’s in-house expert for all internal FATCA & CRS related enquiries;
• Remain informed of all FATCA & CRS developments and legislations when announced and/or introduced to ensure JTC and its clients remain prepared and fully complaint;
• Responsible for training and developing all relevant employees on all matters relating to FATCA & CRS. Ensuring that all training is up to date and appropriate to the target audience;
• Charge time to clients where ad-hoc and specific client work is undertaken, such as certifying FATCA & CRS status to financial counterparties, various work-streams and required reporting;
• Ensure that all entities are charged the annual FATCA & CRS service charge, where required;
• Promote awareness of FATCA & CRS principles and requirements as required;
• Mapping of JTC’s procedures for FATCA & CRS with the legislative requirements and guidance, recognising jurisdictional differences;
• Develop self, and maintain knowledge in relevant field at all times;
• Adhere to CPD requirements in accordance with qualification level and in-house procedures;
• Ensure the spirit of JTC is engendered and shared within the Group; and
• Any other duties as deemed necessary by Management and/or the Board.

Qualifications

• Possess a relevant professional qualification or be part-qualified
• HDip in Tax Law – (desired)
• Knowledge of FATCA & CRS
• Experience in trusts and partnerships (advantageous)