Escrow Account Services Specialist – Real Estate Compliance

First Abu Dhabi Bank; Dubai; On-site; AED 60,000 - 100,000; Full time

Job summary

An established industry player is seeking an Escrow Account Services Specialist to oversee the setup and compliance of real estate Escrow accounts in the UAE. This role involves ensuring adherence to regulatory standards and delivering exceptional service to clients and stakeholders throughout the Escrow lifecycle. With a focus on collaboration and innovation, you will work closely with various teams and regulatory entities, gaining exposure to high-profile projects and advanced banking compliance systems. If you have a strong background in banking operations and a passion for client service, this opportunity could be your next career step.

Benefits

Career development opportunities

Collaborative work environment

Exposure to high-profile projects

Qualifications

• 5+ years of experience in Escrow services or banking operations.
• Deep knowledge of UAE Escrow laws and regulatory practices.

Responsibilities

• Facilitate opening of Escrow accounts with regulatory authorities.
• Liaise with developers and auditors for compliance and documentation.

Skills

UAE Escrow laws

Banking operations

Client engagement

Cash management

Communication skills

Education

Bachelor's degree in Finance or related field

Tools

TAS (Transaction Accounting System)

Electronic banking platforms

Job description

What Does an Escrow Account Services Specialist Do?
This role involves overseeing the setup, compliance, and reporting of real estate Escrow accounts in alignment with UAE regulatory authorities such as RERA, DUPM, and RAK-RERA. The specialist will ensure that all Escrow processes meet regulatory standards and that clients and stakeholders receive timely and accurate support throughout the Escrow lifecycle.
What Are the Key Responsibilities?
- Facilitate the opening of Main and Retention Escrow accounts in coordination with CAD and real estate regulatory authorities
- Liaise with developers, auditors, and regulators to gather documentation and finalize audit reports based on agreed scopes
- Update regulators and internal systems (e.g., TAS) with Escrow account details and project information
- Monitor developer requests received through regulatory portals and validate their compliance with UAE Escrow laws
- Support CIB and select Business Banking clients with their Escrow-related needs
- Collaborate with GTB Advisory, Payment Centre, Client Services, Operations, and Relationship Managers to ensure a smooth onboarding and servicing process
- Educate clients on UAE Escrow regulations, rights, and obligations
- Assist in reviewing client agreements and service-level terms to ensure alignment with regulatory and internal compliance standards
What Skills Are Needed for This Role in Abu Dhabi?
Education and Experience:
- Minimum 5 years of experience in Escrow services, banking operations, or project finance
- Previous exposure to corporate banking, real estate development, or GTB products preferred
Technical Skills:
- Deep knowledge of UAE Escrow laws and regulatory practices
- Strong understanding of cash management, electronic banking platforms, and regulatory portals
- Proficiency in English (business-level fluency is essential)
Interpersonal Skills:
- Excellent customer service and client engagement skills
- Strong communication and collaboration abilities with both internal and external stakeholders
- Ability to work independently with attention to detail and regulatory precision
What Benefits Come with This Position?
- Opportunity to work with leading real estate developers and regulatory entities in the UAE
- Exposure to high-profile commercial projects and advanced banking compliance systems
- Career development within one of the region s most prestigious financial institutions
- Collaborative work environment focused on innovation, client service, and regulatory excellence

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