Manager- Escrow Management

First Abu Dhabi Bank; Abu Dhabi; On-site; AED 60,000 - 120,000; Full time

Job summary

An established industry player is seeking a dedicated professional to oversee Real Estate Escrow accounts. This role involves close collaboration with regulators and developers, ensuring compliance with Escrow laws and providing exceptional service to clients. The ideal candidate will have a strong background in banking operations and Escrow services, with the ability to navigate complex regulatory environments. Join a leading bank that prides itself on delivering tailored solutions and maintaining high service standards in the financial sector. If you are passionate about client service and regulatory compliance, this opportunity is perfect for you.

Qualifications

• 5+ years experience in Escrow services or Banking operations.
• Excellent understanding of Escrow laws and regulations.

Responsibilities

• Monitor Real Estate Escrow account opening and liaise with regulators.
• Attend client meetings and gather information for audit reports.

Skills

Escrow services

Banking operations

Customer service skills

Corporate Finance

Understanding of Escrow laws

Cash management

Electronic platform operations

Fluent English

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/RAKRERA and the documents from Developers.
• To communicate (update TAS 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 regulatory requirements in line with the regulations.
• To monitor the developers requests received from regulatory system and validate if it is as per regulations and then proceed.
• 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, the UAE'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.

Remote Work:

No

Employment Type:

Full-time