Fatca Senior Associate

FATCA, Senior Associate, Fund Services

We are currently seeking someone to join our team as a Associate to be a part of the Mumbai FATCA/CRS team. These are client facing positions. The successful applicant will perform in FATCA/CRS roles to fit business needs.

Established in 2004, Morgan Stanley Fund Services (MSFS) is a global business within the Institutional Equities Division (IED) that provides fund administration services for over $700billion in assets across 350+ hedge funds, private equity and large family offices clients.  Our best-in-class offering includes accounting and investors services, portfolio analytics, middle-office functions, regulatory and financial reporting, and tax services.  Delivering these services to our clients and their investors is a diverse team of 1,400 highly skilled employees across the globe based in New York, London, Glasgow, Dublin, Mumbai, Bengaluru, and Hong Kong. Joining MSFS, you will discover a dynamic environment where every day offers new opportunities for personal growth and innovation.  Here at MSFS your career isn’t just a job, it’s an incredible journey fueled by collaboration, challenge, and the chance to make a meaningful impact to our business, our clients, their investors and the wider Morgan Stanley franchise.

The MSFS FATCA/CRS Services team is where global financial integrity and innovation intersect. This team plays a vital role in supporting clients in complying with the U.S. Foreign Account Tax Compliance Act (FATCA), the Common Reporting Standard (CRS), and related tax matters. The team is responsible for the daily review of fund investor documentation for reasonableness and completeness during the investor onboarding process.  We also serve as an escalation point for internal, client, or investor queries, and in the preparation of filing materials and other obligations as needed. Here, our team of experts can grow their careers in a collaborative, forward-thinking environment.

Since 1935, Morgan Stanley is known as a global leader in financial services, always evolving and innovating to better serve our clients and our communities in more than 40 countries around the world.

What you’ll do in the role:

• Process and review the FATCA/CRS documentation provided in connection with investor on boarding (i.e., IRS Form W-9/W-8 and Self-Certifications).

• Update and maintain investor tax information in the system by processing tax forms or changes requested by the investor or their representatives for tax status.

• Release deficiency emails to the investors noting deficiencies in their FATCA/CRS documentation.

• Perform timely follow-up with the investor on outstanding deficiencies and address any queries they may have, escalating to the FATCA/CRS tax specialists as needed.

• Replying to investor responses with a focus on accuracy and attention to detail.

• Participate in yearly K-1, 1099 and FATCA/CRS reporting preparation.

• Providing walkthrough and assisting the clients in completing their FATCA and CRS reporting on the regulatory website.

• Perform appropriate checks of newly launched fund’s set up and set up master feeder investors required for FATCA/CRS Reporting.

• Engage with clients for several registration information from regulatory websites required to prepare FATCA/CRS Reporting files.

• Providing an effective daily hand over to the team leads for the respective shifts.

• Perform user acceptance testing (UAT) on system enhancements and automation.

• Highlight any changes in system behaviors timely and coordinate with IT for fix.

• Keeping line management appraised of operational issues and updates.

• Prepare different control MIS reports and publish to senior management/internal teams across locations.

• Coordinate regular updates, attend monthly client calls, and prepare reports for clients.

• Identify opportunities for operational efficiencies and help implement process improvements or automation where applicable.

• Proactively spot gaps, identify areas of risk, errors in process and be able to suggests clear, logical, and practical solutions based upon their analysis.

• Use the utmost discretion in dealing with sensitive/confidential information.

• A detailed knowledge of the FATCA/CRS and other tax regulations.

Compliance and Documentation:

• A detailed knowledge of the FATCA/CRS and other tax regulations.

• Thorough knowledge of the regulations that pertain to the domicile of the fund being serviced.

• Complete understanding of our internal policies and procedures.

• Ensure that all investor related documents and communications comply with applicable regulations, internal policies, and best practices.

• Maintain investor records and ensure data integrity in internal systems.

What you’ll bring to the role:

• Bachelor’s degree in business administration or management.

• 2-4 years of experience in FATCA and CRS role (preferably within hedge funds or alternative investments).

• Knowledge of the financial services industry, particularly hedge funds, a significant benefit. 

• Good team player and ability to work independently with little supervision but also knows when to seek help and escalate issues where necessary.

• Very strong organizational skills, particularly the ability to keep track of multiple open items at once and prioritize.

• Good administrative and organizational skills with a particular focus on accuracy and attention to detail.

• An ability to work under pressure and an ability to cope with increased workloads at month-end.

• Exceptional analytical and problem-solving skills with the ability to understand complex client exceptions.

• Complying and abiding with client’s bespoke requirements simultaneously being conscious of possible operational risks and keeping global risk team apprised.

• Understanding Irish Regulatory requirements while working on Irish Regulated funds.

• Prior experience in hedge fund FATCA services role is preferred.

• Strong understanding of hedge fund and private equity structures and investor relations.

• Knowledge of Hedge and Private Equity fund structure, Hedge Funds, Master Feeder structure, Standalone funds and role of each entity is great advantage.

• Ability to understand and interpret complex terms outlined in the fund’s offering documents related to FATCA and CRS.

• Strong verbal and written communication skills with the ability to interact professionally with investors, clients, counterparts, internal teams, and other stakeholders across locations.

• Excellent attention to detail with the ability to manage multiple tasks and priorities.

• Strong focus on accuracy especially, while handling investor communications, reports, and sensitive data.

• Exceptional analytical and problem-solving skills with the ability to understand complex client exceptions.

• Ability to take ownership of assigned task and drive it independently.

• Highly organized, efficient, and proactive.

• Ability to work independently as well as part of a team, also as part of a virtual team that is spread across different time zones and geographies.

• Adaptable to a dynamic and fast-paced work environment.

• The role is typically office-based, with potential for flexible work arrangements depending on the company’s policy.

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work.

To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices​ into your browser.

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents.