OCBC Bank
Client Tax Regulatory Reporting – Regulatory Change and Data, Assistant Vice President
Bank 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!
You will be part of the Regulatory Change and Data Team, supporting the Client Tax Regulatory Reporting department in achieving its business objectives. Your primary focus will be to assist in fulfilling reporting obligations for various regulations, including but not limited to:
US Foreign Account Tax Compliance Act (FATCA)
US Qualified Intermediaries (QI)
Common Reporting Standard (CRS)
Your contributions will be essential in enhancing the department's overall efficiency in regulatory reporting.
Main Responsibilities
You will support the Head of Department in executing a sustainable strategy aligned with the bank’s vision. Your key responsibilities will include:
You will ensure seamless execution of strategic change management plans, innovating processes, monitoring progress and adjusting as necessary, including those related to business development (e.g. new businesses/new products), regulatory changes, and technological advancements. This includes exploring/proposing/implementing tactical solutions as required.
You will be responsible for producing the year-end FATCA, QI and CRS reporting for submission to respective tax authorities in a timely and accurate manner.
You will conduct regular reconciliation for QI purposes on a quarterly basis on our clients’ entitlements against custodian records, and data quality checks to flag exceptions for resolution. In this aspect, you are expected to work closely with the data providers to ensure good quality data availability for the department’s usage.
You will develop and maintain a consolidated MIS across teams within the department.
You will provide ad hoc analysis and insights to the team heads and Head of Department as needed.
You will participate in cross-departmental and bank-wide projects and provide requirements, including performing User Acceptance Testing (UAT) and regression testing.
You will coordinate comprehensive requirements and test scenarios.
You will identify and propose process improvements as required.
You will maintain operational procedures and ensure adherence to control standards.
You will address queries pertaining to our area of business, including client complaints or relevant authorities’ requests for information (RFI).
You will support compliance review exercises, including CRS/QI health-checks and QI Periodic Reviews.
You will need to address other ad hoc tasks and responsibilities as assigned.
Preferably university degree in finance or accounting.
You have at least 6 years of experience in private banking with a basic tax acumen.
You have experience in projects/change management and FATCA, QI, CRS and AEOI regulations and processes, and you have great interpersonal skills.
You have solid problem solving and analytical skills with high attention to detail.
You exhibit an appreciation of the risk impact of actions undertaken, with a good risk and control perspective and is self-motivated, and resilient in managing complex regulatory requirements.
You have a forward looking/service mindset, and open to ideas and concepts.
You are responsible and take ownership of assigned tasks. Abides to timeline.
Any working knowledge of MS Excel, XML, AxiomSL, VBA/Python scripting/Power BI will be an added advantage.
Preferably university degree in finance or accounting.
OCBC Bank Singapore, Singapore, SGP Office
65 Chulia St, Singapore, Singapore, 049513
