Rekha Singhvi

Designation: Manager.

Department: Regulatory & Analytics Solutions

Roles and responsibilities:

• Managed a team of professionals, providing leadership, guidance, and support to facilitate their professional development and ensure the successful achievement of departmental goals and objectives.
• Overseeing and ensuring compliance with FATCA (Foreign Account Tax Compliance Act) and CRS (Common Reporting Standard) regulations.
• Developing and implementing policies and procedures to meet FATCA/CRS requirements.
• Monitoring changes in FATCA/CRS legislation and guidelines to ensure ongoing compliance.
• Training staff on FATCA/CRS regulations, reporting requirements, and compliance procedures.
• Serving as a subject matter expert on FATCA/CRS compliance matters for internal stakeholders.
• Worked on multiple regulatory authorities portals to proficiently complete FATCA/CRS reporting, ensuring accurate submission and compliance with international tax regulation.
• Worked on the Compliance form reporting.
• Reviewing service level agreements/Contract for the clients and funds on the core systems.
• Liaising with client’s and client's compliance team for getting the required document.
• Reviewing and validating customer due diligence processes to ensure compliance with FATCA/CRS regulations including review on all the W forms (W-9 & W-8's) and CRS self certification.
• Identification and reporting of reportable investors for FATCA and CRS.
• Monitoring Change in Circumstances.
• Projected ideas to improve system performance which will help improve employee workflow.
• Leading or participating in FATCA/CRS-related projects and initiatives to enhance compliance processes and systems.
• Cultivated partnerships with external stakeholders to maximize business opportunities and extend network reach within the industry sector.
• Assisted in organizing and overseeing assignments to drive operational excellence.

Designation: Associate.

Department: International Tax Utility.

Roles and responsibilities:

• Transitioning of the Pre-Reporting & Reporting activities from Glasgow to Mumbai.
• Creating self certification form for MS entity.
• Reviewing CRS form created/digitized. Doing second level validation checks.
• Monitoring Change in Circumstances.
• Worked on Reporting activities.
• Projected ideas to improve system performance which will help improve employee workflow.
• Provided training to new employee.

Designation: Senior Associate.

Department: Regulatory & Analytics Solutions

Role and responsibilities:

• Reviewing service agreements and on-boarding client and funds on the core systems.
• Requesting tax documents, primarily IRS W forms and CRS self-certification forms through outreach for review and static data management.
• Working on all the W forms (W-9 & W-8's) and CRS self certification.
• Doing the FATCA/CRS reporting.
• Liaising with client’s compliance team for getting the required document.
• Reviewing KYC documents on record to verify W forms and CRS Self certification are completed by clients as per their respective profile.
• Performing due diligence and Validating all KYC documents, FATCA tax forms and CRS self-certification forms.
• Assigning CRS and FATCA classification to investors based on KYC and tax document.
• Identification and reporting of reportable investors for CRS and FATCA.
• Performing the billing and invoicing activity on quarterly basis for all assigned clients.
• Preparing training plan and giving training to all associates joining the team.
• Built and maintained relationships with new and existing clients while providing high level of expertise.

Project title: Study on “Home loan procedure of the Bank".

Delivery of Project Title:

• Understand and explore the opportunities and strategies for the sectors.
• Understanding the operations carried in the bank like loan application filling, handling customer, scrutinizing loan proposals.
• To understand the documents involved in the home loan scheme and the repayment methodology adopted by various banks and the HFC‘s (Housing Finance Corporations).

Learning Outcomes: Customer Relationship Management and Product knowledge of “THE MALAD SAHAKARI BANK LTD” home loan products and services.