Pasig, Philippines

AML / FATCA Analyst

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

Job description

The successful incumbent will be an extension of the first line of defense within the US, with a focus on providing quality KYC & CDD work for both clients and investors. 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 & Institutional, Debt, Capital Markets & Corporate, and Private Wealth.

Responsibilities 

  • Perform AML/KYC onboarding & periodic reviews on clients and investors in accordance with scheduled cycles to ensure compliance with OFAC, FinCEN, and FINRA AML/CFT regulations.
  • To conduct name screening, review of due diligence documents, and risk assessments within established timelines.
  • To review the source of wealth & funds background of clients and investors in line with regulatory requirements.
  • To ensure KYC documents are up to date and properly recorded.
  • 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 US Teams with managing client data and trackers to see through the completion of full cycles.
  • To perform management reporting on key statistics and status updates in an efficient manner.
  • Be the point of contact for clients to collect due diligence documents in relation to the fund’s investor's periodic review and provide timely responses to clients.
  • Assist and support the team in administrative tasks where required.
  • Support the department as required within the confines of the role.
  • Undertake any additional reasonable duties as required by the Firm

FATCA (Foreign Account Tax Compliance Act) Standpoints:

  • Maintain records of FATCA Tracker and forms for each fund/investor (s).
  • Review CRS Self Certification forms from 400 plus 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.
  • Monitoring FATCA mailbox.
  • Review statuses corresponding to forms provided and review internal consistency of forms collected (e.g. incomplete or missing sections).
  • Verify declared status on the 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 the reportable/nonreportable status of each investor based on whether the investor or their Controller is a Specified Person for the reportable jurisdiction.
  • 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 is met.

    Qualifications

    Must Have

    • Bachelor’s degree in Law, Accounting, Finance, or equivalent fields
    • At least 1-3 years experience in KYC/AML roles, Client Onboarding, Periodic Risk Reviews, and Remediation Processes,  AML/CFT Compliance, or related function
    • Proficiency in English written and verbal communication
    • Ability to work under pressure in a fast-paced environment
    • Amenability to work on a graveyard schedule following the US time zone (9 pm to 6 am MNL)

    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, Investor KYC/AML, or Corporate Services would be helpful
    • 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.

    Apply now

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