Found this Workopolis ad today. More evidence that Canadian banks are moving full steam ahead with FATCA compliance plans. The fat lady is warming up in the wings.
Senior Manager, FATCA
TD BANK GROUP
Toronto, ON, CANADA
Senior Manager, FATCA
TD is a great organization powered by great people who want to make a difference every day. Our over 81,000 employees world-wide are a big part of what makes TD stand out from any other organization. Every day, we deliver legendary customer and client experiences to our approximately 19 million customers. We’re an award-winning organization that reinvests constantly to ensure future growth.
We’re recognized as an extraordinary place to work that embraces diversity, where everyone is respected and valued. TD is the sixth largest bank in North America by branches, with many exciting and challenging career opportunities in our four key businesses:
. Canadian Personal and Commercial Banking – including TD Canada Trust and TD Insurance
. Wealth Management – including TD Waterhouse and an investment in TD Ameritrade
. U.S. Personal and Commercial Banking – including TD Bank, America’s Most Convenient Bank
. Wholesale Banking – including TD Securities
FATCA is a Tier 1, multi-year global enterprise program encompassing work streams in all segments across TDBG.
The US Treasury Department has introduced new withholding tax provisions with the objective of identifying US taxpayers with financial investments outside the United States. The Foreign Account Tax Compliance Act (“FATCA”) requires all non-U.S. financial institutions to report account information about their U.S. clients to the Internal Revenue Service (IRS). Responding to the FATCA regime will require a multi-disciplinary approach, global in scale, and will require capabilities in the tax, operations, systems, controls and regulatory areas.
The FATCA Program Office oversees and reports on the projects and work efforts underway across TDBG, ensuring full compliance with all relevant provisions of this legislation by 2013. We provide guidance to business and corporate segments in all jurisdictions where TDBG operates, set standards for compliance processes, identify and escalate issues and challenges.
Reporting to the AVP, FATCA, the Senior Manager for FATCA is responsible for developing the Program Business Requirements and working with the Business Segment Project teams to ensure these requirements are incorporated into business and systems processes throughout TDBG. The Senior Manager will need to analyze legislation and work with the business segments on how to apply to each business. This position will be considered a subject matter expert and will be global in nature.
. Responsibility for the definition and documentation of FATCA requirements for the Program, working with the AVP, FATCA, external advisors and other stakeholders
. Develop strategy to effectively document and communicate Program Business Requirements to varied stakeholders throughout TDBG
. Responsible for producing the Program Business Requirements Document and Traceability Matrix
. Responsible for the documentation of any enterprise-wide deliverables required for FATCA, such as aggregation of accounts, tracking of customer US status and compliance processes
. Work with Business Segment partners to ensure the Program business requirements are well understood and appropriately applied within the Business Segment.
. Review Business Segment documentation (BRD, SRS, etc. to ensure adherence to Program standards
. Review and approve TS deliverables including Project Technology Summary (PTS), Systems Requirements Specifications (SRS), Systems Design Specifications (SDS)
. Define and document business procedures
. Participate in the development of Test Strategies and Plans.
. Develop Test Cases and Scripts for the Program and Business Segments for Business Acceptance Testing.
. Assist in the development of contingency plans
. Conduct analysis of changes to assess impact on requirements, determining impact to Business Segments
. Advanced understanding of businesses and/or organizational practices/disciplines
. Sound knowledge of the banking industry practices
. Demonstrated ability to lead effectively in a matrix environment
. Ability to be flexible and adapt to changing business requirements and tight timelines
. Highly developed competency in the Business Analysis practice
. Strong time management and organizational skills
. Ability to multi-task, to effectively handle multiple demands and competing priorities
. Excellent communication skills (written & oral)
. Relevant experience with complex, large-scale programs
. Strong interpersonal, influencing and problem solving skills
. Proficiency with MS Office, Visio and Project
. Experience in the securities and/or banking industry, and IRS Qualified Intermediary program considered an asset
Specific Educational Requirements / Accreditations:
. University Degree or equivalent work experience
. Appropriate analysis experience (5+ years on large, complex projects in the financial industry)
. Accreditation as a Certified Business Analyst Professional by the IIBA is an asset
. PMP is an asset
. FATCA knowledge would be considered an asset
. Compliance experience an asset