FATCA and CRS Group Controller

Momentum Metropolitan Holdings Limited · Cape Town, Western Cape

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Role Purpose

The FATCA & CRS Administrator will be responsible for the governance, compliance, reporting, and ongoing administration of the Group's obligations under the Foreign Account Tax Compliance Act FATCA and the OECD Common Reporting Standard CRS.
The role requires a strong technical understanding of FATCA and CRS regulations, client due diligence requirements, entity classifications, GIIN registration processes, and regulatory reporting obligations in various jurisdictions.
The incumbent will act as a subject matter expert within the Group and ensure that all entities remain compliant with applicable local and international tax regulations.

Requirements

Qualifications

Minimum Requirements

Bachelor's Degree in Business, Commerce, Finance, Accounting, Taxation, Law, or a related field.

Advantageous Qualifications

Experience

Essential

Minimum of 3 years' experience working in a FATCA and/or CRS compliance environment.
Experience performing FATCA and CRS due diligence reviews.
Experience with client onboarding and remediation processes.
Experience with entity classification under FATCA and CRS.
Experience with FATCA and CRS reporting requirements.
Experience navigating and administering the IRS FATCA Registration Portal.
Experience obtaining and maintaining GIIN registrations.

Advantageous

Experience within a financial services, banking, insurance, investment management, or multinational corporate environment.
Experience supporting regulatory audits and reviews.
Experience developing governance and compliance frameworks.

Essential Technical Knowledge

Advanced technical knowledge of FATCA regulations.
Advanced technical knowledge of the OECD Common Reporting Standard CRS.
Strong understanding of FATCA and CRS due diligence requirements.
Knowledge of onboarding requirements for individuals and entities.
Understanding of change in circumstances requirements and remediation processes.
Extensive knowledge of FATCA and CRS entity classifications.
Understanding of tax residency concepts and self-certification requirements.
Knowledge of regulatory reporting obligations and reporting frameworks.
Understanding of governance, risk management, and compliance principles.

Technical Competencies

Duties & Responsibilities

FATCA & CRS Governance

Maintain and enhance the Group's FATCA and CRS governance framework.
Ensure compliance with FATCA and CRS regulatory requirements across all relevant Group entities.
Monitor regulatory developments and assess the impact on existing policies, procedures, and controls. Communicate and facilitate changes to business units in the Group, and monitor compliance with new regulations.
Monitor FATCA and CRS policies, procedures, and operational guidance.
Participate in internal governance forums and provide compliance updates to stakeholders.

Due Diligence Oversight

Monitor and conduct audits on FATCA and CRS due diligence processes for new client onboarding.
Monitor, review and audit self-certification documentation and supporting evidence.
Ensure appropriate due diligence processes are performed when there is a change in circumstances for existing clients.
Identify and escalate potential compliance risks and remediation requirements.
Provide guidance to business units on client classification and documentation requirements.

Entity Classification

Perform FATCA entity classifications for Group entities.
Perform CRS entity classifications for Group entities.
Determine the tax status of entities, including Financial Institutions, Active Non-Financial Entities NFEs, Passive NFEs, and other applicable classifications.
Maintain accurate classifications and supporting documentation.
Ensure classification reviews are performed periodically and when material changes occur.

FATCA Registration and GIIN Administration

Manage FATCA registrations with the Internal Revenue Service IRS.
Apply for and maintain Global Intermediary Identification Numbers GIINs for relevant Group entities.
Act as the Group's subject matter expert on IRS FATCA registration requirements.
Navigate and administer activities within the IRS FATCA Registration Portal.
Monitor GIIN renewals, updates, and changes to registered entity information.

Regulatory Reporting

Coordinate the annual FATCA and CRS reporting process.
Review data quality and completeness prior to submission.
Liaise with internal stakeholders, business units, compliance teams, and external service providers to ensure accurate reporting.
Maintain reporting schedules and ensure all regulatory deadlines are met.
Support responses to regulator, tax authority, and audit requests.

Advisory and Training

Success Measures

The successful incumbent will

Ensure 100% compliance with FATCA and CRS reporting obligations and deadlines.
Maintain accurate FATCA and CRS classifications across the Group.
Effectively manage GIIN registrations and IRS portal activities.
Demonstrate strong governance and regulatory oversight.
Deliver high-quality technical support and guidance to stakeholders.
Contribute to a robust and sustainable FATCA and CRS compliance framework across the Group.

Competencies

Behavioural Competencies

Closing Date