First Iraq Bank
FATCA Specialist
- Baghdad
- 4 weeks ago
- Salary
- Not disclosed
- Deadline
- Nov 7, 2026
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Compliance Officer · Baghdad
First Iraqi Bank is hiring a FATCA Specialist in Baghdad to oversee foreign account tax compliance and CRS regulatory requirements. Candidates must hold a relevant bachelor's degree and have at least 3 years of experience in compliance, KYC, AML, or banking operations.
About the job
First Iraqi Bank (FIB) is looking for FATCA Specialist to support and enhance the Bank’s digital banking channels and integration service.
The Foreign Account Tax Compliance Specialist is responsible for monitoring and implementing tax compliance requirements related to customer accounts that fall within the international regulatory frameworks adopted by the Bank, particularly FATCA and CRS requirements, as applicable. The role includes verifying classifications, documentation, tax indicia, data quality, and reporting, as well as coordinating with the relevant units to ensure compliance with regulatory requirements and the proper retention of evidence and records.
Benefits
- Competitive salary and benefits.
- Professional growth and development opportunities.
- Dynamic and collaborative work environment.
- Opportunity to join Iraq’s First Digital Bank and contribute to the future of banking.
Responsibilities
- Review and classify customer accounts in accordance with foreign account tax compliance requirements and the standards and procedures approved by the Bank.
- Verify the completeness and accuracy of self-certification forms, documents, and required tax information, and update them when necessary.
- Review tax indicia and exceptional cases, and follow up on completing missing requirements or escalating cases in accordance with the procedures.
- Monitor FATCA and CRS requirements and any other relevant international tax requirements within the scope of the Bank’s application, and update work procedures when changes occur.
- Prepare, compile, and review the data and periodic reports required by the relevant authorities and ensure their accuracy and completeness prior to submission.
- Conduct quality checks on customer data, classifications, and documents, identify inconsistencies or missing data, and address them accordingly.
- Coordinate with branches, KYC teams, Operations, Information Technology, and Compliance to complete data, correct cases, and resolve system-related issues.
- Contribute to identifying customers or accounts that require additional review and follow up on the required actions within the assigned authorities.
- Maintain a clear record of decisions, classifications, correspondence, and evidence to ensure an adequate audit trail and traceability.
- Support internal and external audit requests and regulatory authorities by providing evidence and information related to tax compliance within the assigned authorities.
- Prepare periodic reports on compliance cases, deficiencies, exceptions, performance indicators, and risks, and submit them to the direct supervisor.
- Contribute to internal awareness activities and clarify the relevant requirements, forms, and procedures to concerned employees.
- Maintain the confidentiality of tax information and customer data and comply with the Bank’s policies and the instructions of the relevant regulatory authorities.
Requirements
- Bachelor’s degree in Accounting, Finance, Financial and Banking Sciences, Business Administration, Law, or a related field. Specialized training in FATCA, CRS, and tax compliance is preferred.
- Relevant practical experience of typically no less than 3 years in Compliance, KYC, AML/CFT, Banking Operations, or Tax Compliance within a financial institution. Direct experience in FATCA and/or CRS is preferred.
- Good knowledge of FATCA and CRS requirements, customer classification, self-certification, and tax indicia; data analysis and document verification; report preparation; accuracy and management of cases and exceptions; communication and coordination; and proficiency in Excel and relevant banking systems.
Skills
- FATCA
- CRS
- Tax compliance
- KYC
- AML/CFT
- Microsoft Excel
Details
- Profession
- Compliance Officer
- Category
- Administration & Office
- Education
- Bachelor's degree
- Experience
- 3+ years