Head of Private Bank Wealth Management Foreign Asset Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) Governance

Join us in Barclays as Head of Private Bank Wealth Management FATCA and CRS Governance. We are seeking a dedicated professional who will drive and manage governance and oversight of FATCA (Foreign Asset Tax Compliance Act) and CRS (Common Reporting Standard) compliance. You will be expected to ensure all processes, controls and technology solutions are fit for purpose and develop a strategy to automate where possible. You will also be responsible for the acceptance of change into the team and inform the projects that the team run to improve the overall efficiency of Barclays Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) compliance requirements. You will also be expected to partner with the Operations teams to find solutions to any process gaps/perceived gaps that could impact our compliance to the regulations. The ideal candidate will be detail-oriented and committed to maintaining high standards of regulatory compliance.

To be successful as Head of Private Bank Wealth Management FATCA and CRS Governance you should have experience with:

• Strong multi-jurisdictional technical knowledge of FATCA and CRS legislation across various industries e.g. Depository, Custodial, Investment Entity and Fiduciary institutions.
• Strong understanding of the practical application and impacts FATCA and CRS legislation across each jurisdiction e.g. reporting process, reporting technology, XML production, tax authority expectations and portals.
• Strong technical knowledge of complex corporate structures and impacts of FATCA and CRS legislation on these.
• Excellent stakeholder management skills and a pro-active approach, with proven influencing skills and a demonstrated ability to take responsibility for assigned work, managing the process and stakeholders through to completion.

Some other highly valued skills may include:

• Strong communication skills (written and oral) coupled with the ability to articulate complex FATCA and CRS issues to both tax and non-tax specialists.
• Ability to collaborate with others and build relationships with a range of stakeholders across the different business areas and jurisdictions in which we operate.
• Experience working in FATCA and CRS management and working with front and back-office teams.
• Experience of working with HMRC or local tax authorities through an audit process.

You may be assessed on the key critical skills relevant for success in role, such as risk and controls, change and transformation, business acumen strategic thinking and digital and technology, as well as job-specific technical skills.

This role can be based in Glasgow or the Isle of Man.

Purpose of the role

To support PBWM with day-to-day processing, reviewing, reporting, and issue resolution. 

Accountabilities

• Support with day-to-day Private Bank and Wealth Management initiatives including processing, reviewing, reporting, and issue resolution with regards to accounts, products and services.
• Support the management of the banks client relations to clearly identify their needs and provide a service that meets expectations.
• Collaboration with teams across the bank to align and integrate Private Bank and Wealth Management processes.
• Identification of areas for improvement and providing recommendations for change in Private Bank and Wealth Management processes.
• Development and implementation of Private Bank and Wealth Management procedures and controls to mitigate risks and maintain operational efficiency.
• Development of reports and presentations on Private Bank and Wealth Management performance and communicate findings to internal senior stakeholders.
• Identification of industry trends and developments to implement best practice in Private Bank and Wealth Management Services.
• Participation in projects and initiatives to improve Private Bank and Wealth Management efficiency and effectiveness.

Vice President Expectations

• To contribute or set strategy, drive requirements and make recommendations for change. Plan resources, budgets, and policies; manage and maintain policies/ processes; deliver continuous improvements and escalate breaches of policies/procedures..
• If managing a team, they define jobs and responsibilities, planning for the department’s future needs and operations, counselling employees on performance and contributing to employee pay decisions/changes. They may also lead a number of specialists to influence the operations of a department, in alignment with strategic as well as tactical priorities, while balancing short and long term goals and ensuring that budgets and schedules meet corporate requirements..
• If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviours are: L – Listen and be authentic, E – Energise and inspire, A – Align across the enterprise, D – Develop others..
• OR for an individual contributor, they will be a subject matter expert within own discipline and will guide technical direction. They will lead collaborative, multi-year assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will train, guide and coach less experienced specialists and provide information affecting long term profits, organisational risks and strategic decisions..
• Advise key stakeholders, including functional leadership teams and senior management on functional and cross functional areas of impact and alignment.
• Manage and mitigate risks through assessment, in support of the control and governance agenda.
• Demonstrate leadership and accountability for managing risk and strengthening controls in relation to the work your team does.
• Demonstrate comprehensive understanding of the organisation functions to contribute to achieving the goals of the business.
• Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategies.
• Create solutions based on sophisticated analytical thought comparing and selecting complex alternatives. In-depth analysis with interpretative thinking will be required to define problems and develop innovative solutions.
• Adopt and include the outcomes of extensive research in problem solving processes.
• Seek out, build and maintain trusting relationships and partnerships with internal and external stakeholders in order to accomplish key business objectives, using influencing and negotiating skills to achieve outcomes.

All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship – our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset – to Empower, Challenge and Drive – the operating manual for how we behave.