Manager- Escrow Management

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

Job summary

A leading financial institution in Abu Dhabi seeks an experienced Banking Operations professional to monitor Escrow account openings and ensure compliance with regulations. The ideal candidate will have over 5 years of experience in Escrow services and Banking operations, excellent customer service skills, and a deep understanding of Escrow laws. Responsibilities include liaising with various stakeholders and educating clients on their rights. This is a full-time position, with no remote work available.

Qualifications

• At least 5 years experience in Escrow services / Banking operations.
• Good understanding of local and international GTB products.
• Excellent understanding of Escrow laws and regulations.
• Fluent in English (business proficiency).

Responsibilities

• Monitor Real Estate Escrow account opening and liaise with regulators.
• Communicate account details to Regulators/Developers.
• Attend client meetings with approved auditors.
• Validate developer requests against regulations.
• Educate clients on Escrow laws.

Skills

Escrow services

Banking operations

Customer service skills

Cash management

Job description

Responsibilities

• 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 (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 theUAEs largest bank and one of the worlds largest and safest institutions offers an extensive range of tailormade 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 marketleading Corporate and Investment Banking and Personal Banking franchises.

Remote Work

No

Employment Type

Fulltime