Manager- Escrow Management

Job Description

• To support in monitoring Real Estate Escrow account opening (Main and Retention) by liaising with CAD upon obtaining the relevant approvals from the respective Emirates Regulators i.e. RERA/DUPM/RAK-RERA and the documents from Developers.
• To communicate (updateTAS if applicable or any regulatory system) the account details to the Regulators/Developers.
• To attend client meetings involving the Audit firms that are approved auditors by the Regulator and to gather information for the audit scope, work closely with Developers / External Audit Firms to finalize a detailed project audit report as per approved audit scope.
• Handle requlatory requiremnets inline with the regulations.
• To monitor the developers requests received from regulatory system and validate if it is as per regulations and then proceeds.
• Focus is primarily on CIB clients and chosen Business Banking clients.
• Close liaison with staff from GTB Advisory, Client Services, Payment Centre, Channel Support, Branch network, Relationship Managers, IT Desk, Operations and other relevant stakeholders in the implementation process.
• Participate in review of client agreements, service standards and service quality to ensure that we meet and exceed the expectations of our clients.
• Educating the clients about the relevance of Escrow laws and their rights / limitations if any.

Qualifications

• At least 5 years experience in Escrow services / Banking operations out of which some Corporate/Project Finance experience is preferred.
• Good understanding of local and international GTB products, international cash management electronic platform operations
• Excellent understanding of Escrow laws, regulations and practices as an escrow agent..
• Excellent customer service skills.
• Sound Knowledge of Corporate and other Banking products and operations.
• Language proficient: Fluent (business) English

Additional Information

FAB, theUAE's largest bank and one of the world's largest and safest institutions, offers an extensive range of tailor-made solutions, and products and services, to provide a customised experience. Through its strategic offerings, it looks to meet the banking needs of customers across the world via its market-leading Corporate and Investment Banking and Personal Banking franchises.