Senior FATCA & CRS Officer

Senior FATCA & CRS Officer Job Purpose The Senior FATCA & CRS Officer is responsible for monitoring and implementing the bank’s FATCA and CRS requirements, including customer and entity classification, collection and verification of tax declaration forms and tax residency information, review of data quality and reportable accounts, and preparation of reports and supporting files in accordance with approved regulatory requirements. The role also involves following up on exceptions and incomplete cases, coordinating with branches and relevant departments, and escalating material cases and matters requiring decisions to the Compliance Supervisor. Key Duties and Responsibilities 1. FATCA & CRS Implementation and Review • Review and apply customer and entity classification procedures and identify FATCA and CRS cases in line with approved policies and guidelines. • Verify the completeness of tax declaration forms, tax residency information, Tax Identification Numbers (TINs), and supporting documentation when required. • Review indicators of Change in Circumstances and ensure customer classifications and records are updated accordingly. • Examine accounts and cases requiring enhanced due diligence or manual review and document review outcomes. 2. Data Quality and Reporting • Conduct periodic reviews to ensure the quality and completeness of FATCA/CRS data and reconcile information across relevant systems and records. • Prepare exception reports and lists of incomplete cases and follow up with branches and concerned departments to resolve them. • Contribute to the preparation of annual FATCA/CRS reports, filings, and supporting documentation in accordance with approved requirements and deadlines. 3. Record Keeping and Documentation • Maintain records and supporting documents in a manner that ensures traceability of decisions, classifications, and review outcomes. • Coordinate with branches, Operations, Information Technology, and other relevant stakeholders to address data errors and system-related issues. 4. Compliance Monitoring and Awareness • Monitor changes in FATCA/CRS requirements and related regulations and communicate potential operational impacts to the Compliance Department. • Assist in preparing awareness and training materials for branch staff and relevant departments. • Request information and supporting documents necessary to verify customer or entity classifications and reporting obligations. Educational Qualifications • Bachelor's degree, at a minimum, in one of the following fields: • Banking and Financial Sciences • Business Administration • Accounting • Law • Economics • Or any related discipline • Professional certification or specialized training in FATCA, CRS, international tax compliance, or professional certifications such as ICA, ACAMS, or equivalent is preferred. Experience • 2 to 4 years of relevant experience in a similar field. Skills and Competencies • Good knowledge of FATCA and CRS principles, including customer and entity classification, due diligence, and reporting requirements. • Strong data analysis and document review skills, with the ability to identify data gaps and inconsistencies. • Ability to prepare reports, working papers, and maintain auditable records. • Proficiency in banking systems, databases, and Microsoft Office applications, particularly Excel. • High level of accuracy, commitment to deadlines, professional confidentiality, and the ability to manage repetitive tasks with regulatory sensitivity. Languages • Arabic: Excellent reading, writing, and speaking skills. • English: Very good reading, writing, and speaking skills. • Kurdish: Proficiency is considered an added advantage.