Pasig, Philippines

AML / FATCA Assistant Manager (APAC)

Full-time / part-time
Full-time
Level
Associate
Department
Compliance & Risk
Address
Ortigas Avenue
Pasig
Philippines

Job description

The successful incumbent will sit within the first line of defense, with a focus on providing quality periodic review work on both clients and investors, supporting the Asia Pacific Teams. The tasks will be completed in accordance with internal AML/CFT policies and procedures, as well as international and domestic AML/CFT regulations and guidelines, across a wide spectrum of service offerings, which include Funds & Asset Managers, Debt, Capital Markets & Corporate, and Private Wealth. 

Tasks Periodic Review

  • Perform AML/KYC periodic reviews on clients and investors in accordance with scheduled cycles to ensure compliance with relevant regulations, including MAS, SFC, and CIMA where applicable.
  • To support the team manager in guiding the team to conduct name screening, review of due diligence documents including the source of funds & wealth, and risk assessments within established timelines.
  • To ensure KYC documents are up to date and properly recorded/refreshed.
  • To provide independent recommendations to mitigate the identified risks across the existing client & investor book where necessary, and/or be responsible for escalating the findings to the necessary stakeholders.
  • To assist the wider cluster teams with managing client data and master trackers to see through the completion of full client and investor KYC lifecycles.
  • To perform management reporting on key statistics and status updates in an efficient manner.
  • Be the point of contact for clients and investors (where necessary) to collect due diligence documents in relation to the fund’s investor's periodic review and provide timely responses to the same.
  • Be the point of contact with the APAC teams where the client relationships are contracted.
  • To be a resource to the other team members and internal stakeholders where required.

FATCA / CRS

  • Maintain records of FATCA / CRS Tracker and forms for each fund/investor(s).
  • Review CRS Self Certification forms from various funds and multiple investor(s) that we provide FATCA service to identify their FATCA / CRS Classification.
  • Assist and liaise with Client Services Team regarding FATCA documents as per required.
  • Review statuses corresponding to forms provided and review internal consistency of forms collected (e.g. incomplete or missing sections).
  • Verify declared status on form is consistent with AML documents.
  • Validate GIINs provided by investors against IRS published information and flag any that cannot be verified for query or follow-up.
  • Enter and check reportable / non reportable status of each investor based on whether investor or their Controller is Specified Person for the reportable jurisdiction.
  • Insert reportable investors’ data into input file for the production of client package and xml files for submission to the tax authorities.
  • Provide guidance regarding FATCA and CRS regulatory deadlines.
  • Monitoring of local regulations, deadlines, and FATCA / CRS regimes.
  • Work closely with different jurisdictions to ensure the filing of regulatory reports are met.

Other

  • Support the department as required within the confines of role.
  • Undertake any additional reasonable duties as required by the firm

Key competencies for position and level

  • Strong analytical skills with excellent attention to detail
  • Results oriented and ability to multitask and manage high volumes of priorities in a fast-paced environment
  • Resourceful with good verbal and written communication skills

Qualifications

Must-Have

  • Bachelor’s degree in Law, Accounting, Finance, or equivalent fields
  • At least 3-5 years relevant experience in AML/KYC roles such as Advisory or Periodic Review, Client Onboarding, AML/CFT Compliance, or related function
  • At least more than 1 year of supervisory / team management experience
  • Experience in coordinating between departments and stakeholder management
  • Proficiency in English written and verbal communication
  • Ability to work under pressure in a fast-paced environment

Nice to have

  • Strong MS Office skills (especially Excel)
  • Professional Certifications in Anti-Money Laundering (such as ICA or ACAMS) are not mandatory but would be an advantage
  • Some knowledge of Fund Administration and Investor AML/KYC would be ideal
  • Experiences in client-facing roles or sitting in the first line of defense would be an advantage

    Additional information

    At IQ-EQ we want you to reach your full potential. We offer an inclusive and diverse environment to support your career aspirations. With a strong emphasis on continuous learning and a holistic approach to your professional and personal development. We also offer opportunities across our service lines and our international network of offices.

    Company description

    IQ-EQ is a leading Investor Services group which combines global expertise with an unwavering focus on client service delivery. We support fund managers, global companies, family offices and private clients operating worldwide.

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