Client Tax Regulatory Reporting Analyst (12 months contract)
Role description
From the employerBank of Singapore opens doors to new opportunities. At Bank of Singapore, we are constantly on the lookout for exceptional individuals to join our team. We promote a culture of openness, teamwork and fairness. Most importantly, we invest in our people through our programmes that develop them on both professional and personal levels. Besides attractive remuneration packages, we offer non-financial
###benefits### and opportunities to develop your potential within OCBC Group’s global network of subsidiaries and offices. If you have passion, drive and the will to succeed, rise to the challenge today! General Description: Work with Tax Regulatory Services Team to execute a suite of processes supporting the bank on fulfilment of due-diligence
###requirements### under Common Reporting Standard (“CRS”) and Foreign Account Tax Compliance Act (“FATCA”). Main Duties: Responsible for timely execution and fulfilment of BAU processes; Change in Circumstances (“CIC”) FO outreach/monitoring, Relationship Manager Inquiry Exercise (“RMI”), CRS & FATCA Annual Internal Classification, CRS & FATCA Annual Mass Mailing Client Outreach and Discretionary Trust Distribution monitoring processes.
Partnership with various stakeholders such as Front Office, Tech team, Scanning and Mailing teams in supporting above-mentioned processes. Accountable to manage and support day-to-day BOSCOS CIC workflow. Co-ordinate with COLM and CA teams to ensure completion of closed account CRS valid self cert and QI DTT update.
Plan and execute annual processes runbooks and liaise with stakeholders on exception or changes that may arise to ensure necessary tasks are well executed.
###requirements### to facilitate regulatory obligations. Address queries and feedback from various stakeholders. Assessment and analysis of regulatory changes/new regulatory
###requirements### on operational impact to the processes and its subsequent implementation. Participate in projects that may impact FATCA and CRS reporting which include performing User Acceptance Test (UAT) testing as well as regression system testing requirement. Review existing processes to identify potential area of improvement, process streamlining, risk and deviation to achieve control management and processes standardization.
Prepare management information updates to Head of Department on a weekly basis. Other ad hoc requirements. Requirement: Preferably university degree in finance or accounting.
###experience### in banking/financial institution.
###Experience### in FATCA, QI and CRS processes and tax reporting related will be an added advantage. Skills: Excellent time management skill and interpersonal skill. Solid problem solving and analytical skills.
Exhibit an appreciation of the risk impact of actions undertaken, with a good risk and control perspective. Responsible and takes ownership of assigned tasks. Abides to timeline.
Working knowledge of MS Excel will be an added advantage. Let’s build the bank we need for the future we want. Find the best version of yourself in a friendly, supportive team.
Build lasting value in your community. Help people grow their assets, business, and investments. Take your learning as far as you can.
Or simply enjoy a vibrant, future-ready career. Your Opportunity Starts Here Introduce yourself to our recruiters and we'll get in touch if there's a role that seems like a good match. As the longest established Singapore bank, formed in 1932 from the merger of three local banks, we have grown from strength to strength to become a regional financial services group.
With a deep history in Asia, we offer the most comprehensive coverage across ASEAN and Greater China, complemented with a presence in the leading economies of New York, London and Sydney. We are the second largest financial services group in Southeast Asia by assets with one of the world’s highest credit rating (Aa1 by Moody’s and AA- by both Fitch and S&P). We offer private banking services through our wholly-owned subsidiary, Bank of Singapore, which operates on a unique open-architecture product platform to source for the best-in-class products to meet its clients’ goals.
Our insurance subsidiary, Great Eastern Holdings, is the oldest and most established life insurance group in Singapore and Malaysia.