Compliance Specialist : Fatca / Crs

Capitec Bank Ltd; Stellenbosch; On-site; ZAR 400 000 - 600 000; Full time

Job summary

A leading financial institution in Stellenbosch is seeking a Compliance Officer to assist in meeting regulatory obligations related to tax compliance. The ideal candidate will have over 5 years of experience in FATCA and CRS compliance and a Bachelor's Degree in Law. Strong analytical and communication skills are essential for this role, which includes responsibility for oversight of the Tax Risk Programme.

Qualifications

• Minimum 5 years of experience in FATCA / CRS compliance, preferably in financial services or banking.
• Stakeholder management at all levels and up to Exco.
• Strong understanding of international tax reporting standards and regulatory frameworks.

Responsibilities

• Assist the bank in meeting its regulatory obligations in relation to compliance with the Tax Administration Act.
• Oversight of a Tax Risk Programme, including FATCA / CRS.
• Ensure business processes comply with statutory requirements.

Skills

Excellent analytical skills

Project Management Skills

Computer Literacy (MS Word, MS Excel, MS Outlook)

Interpersonal & Relationship management Skills

Planning, organising and coordination skills

Problem solving skills

Education

Bachelor's Degree in Law

Honours Degree in Law

Relevant Certification from the Compliance Institute of Southern Africa

Job description

Purpose Statement

To assist the bank in meeting its regulatory obligations in relation to compliance with the Tax Administration Act and related domestic and international tax regulations, in so far as it pertains to requirements under the Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standards (CRS), to ensure that business processes are performed within the relevant statutory requirements.

Experience

Minimum: Minimum 5 years of experience in FATCA / CRS compliance, preferably in financial services or banking.

• Excellent analytical, organizational, and communication skills.
• Holding responsibility for oversight of a Tax Risk Programme, including FATCA / CRS.
• Experience of financial services and banking products and services.

Qualifications

Minimum: Bachelor's Degree in Law, Admitted Attorney.

Ideal or Preferred: Honours Degree in Law, Relevant Certification from the Compliance Institute of Southern Africa.

Knowledge

Minimum: Stakeholder management at all levels and up to Exco; holding responsibility for oversight of legislation relating to financial services; strong understanding of international tax reporting standards and regulatory frameworks; risk management experience.

Ideal: Deep understanding and prior experience in implementation and management of a Tax Risk Programme; business acumen and business practices and processes, specifically relating to FATCA / CRS; ability to explain complex regulations clearly.

Skills

• Project Management Skills (Methodology Specific)
• Computer Literacy (MS Word, MS Excel, MS Outlook)
• Interpersonal & Relationship management Skills
• Planning, organising and coordination skills
• Problem solving skills

Conditions of Employment

• Clear criminal and credit record.
• A valid driver’s license and own vehicle is required.