FATCA/CRS Senior Officer

Job Description

Role : FATCA/CRS Senior OfficerLocation : Abu DhabiRole Purpose:The FATCA/CRS Senior Officer is primarily responsible to ensure ADIB?s compliance with FATCA (Foreign Account Tax Compliance Act) and CRS (Common reporting standards) and ensure the sound reporting to the regulatory authoritiesThe FATCA/CRS Senior Officer shall ensure to closely collaborate with key internal stakeholders and provide oversight on the Processes and Controls embedded at Bank level to Comply with FATCA and CRS Regulation. The FATCA/CRS Senior Officer shall also support in maintaining a positive relationship with regulatory authorities and to ensure proactive actions for identification and supporting implementation of relevant regulations impacting ADIB.Key Accountabilities of the role Policies and Procedures:

• Support in maintenance and update of Regulatory Affairs and Ethical Conduct related policies, procedures, and processes
• Ensure the continuous monitoring and update of Regulatory Affairs Related policies by addressing regular update to Head of Regulatory Affairs on their renewal status and market/ regulatory evolution.

• Ensure the continuous review, enhancement and oversight of FATCA and CRS regulations, policies and procedures
• Investigate, Advise and challenge the onboarding documentation process and assessment of FATCA/CRS compliance risks associated to ADIB
• Coordinate and finalize any ad-hoc gap assessment of the FATCA and CRS policies and procedures against updated regulatory requirement and ensure oversight of implementation throughout ADIB
• Ensure continuous maintenance of training material (in the inclusion of role-based training) and upskilling on FATCA and CRS requirement and obligations to relevant staff across ADIB
• Continuously support the review of Business Units systems to ensure the sound capture of FATCA/CRS indicia
• Ensure the data accuracy and timely submission of the FATCA and CRS reporting expected by CBUAE and SCA on a yearly basis through their respective portal
• Provide complete, accurate, practical and timely advice, opinion or documentation on regulatory ad-hoc enquiries raised by the regulatory authorities
• Provide Regulatory advisory on FATCA and CRS inquiries raised by Business Units/Branches
• Coordinate with ITD Department regarding any system requirements and FATCA/CRS reporting.
• Ensures continuous update of FATCA and CRS mandate to all units of business (Retail Individual, Business banking, WBG, Financial institutions) in line with the applicable regulation
• Participate in system enhancements regarding any regulatory update pertaining to implementation of FATCA and CRS.
• Reporting and monitoring:
• Support in the Regulatory Affairs Unit Control framework and any related projects or inquiry raised by the Business Units on Regulatory matters
• Support in the preparation of MIS reports for internal regulatory affairs reporting, in the inclusion of Management Committees
• Support the preparation and maintenance of ADIB regulatory returns/reporting register and monitor adherence to defined due dates
• Ensure the continuous monitoring of the Regulatory Reporting suite applicable to Regulatory Affairs and support their template design if not provided by regulatory authorities
• Ensure reporting of material non-compliances/breaches in line with the prevailing policies on a timely manner
• Staff Ethical Behavior
• Demonstrate strong adherence to ADIB Conduct Risk Pillars and Code of Ethics in terms of transparency, integrity, confidentiality, respect and collaborative workplace
• Demonstrate strong adherence to ADIB ethical conduct framework in reporting any conflict-of-interest event or any witnessed behaviour which breaches code of ethic to the Human Resources
• Ensure to participate to the transparency and trust culture within the bank by reporting in good faith, any concerned, misconduct or Malpractice through the Whistleblowing framework

• Advanced Degree in Finance, Business, or any related subject.
• 5+ years of regulatory compliance experience with Expert knowledge of FATCA/CRS regulations, reporting and operationalization
• Ability to be independent and perform innovative thinking to solve complex problems with no established precedence while balancing risk, speed, and accuracy.
• Exemplary knowledge of the UAE regulatory environment, regulatory structures, market practice, and industry groups.
• Good Communication skills and ability to interact with various stakeholders throughout the bank
• Ability to quickly acquire knowledge of new regulations, rules and their impact on business.
• Ability to adopt a problem-solving approach and autonomous work on the dedicated task
• Strong interpersonal skills with the ability to communicate with impact, build healthy professional connections, influence outcomes, simplify complex topics into actionable recommendations for decision-making.
• Fluency in English (Arabic is also highly preferred)

Keyskills :