Manager- Escrow Management

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

Job summary

A leading banking institution in the UAE is looking for an experienced professional to manage Real Estate Escrow services. The role involves monitoring account openings, liaising with regulators, and ensuring compliance with Escrow laws. Candidates should have at least 5 years of relevant experience in banking operations, excellent customer service skills, and a strong understanding of local and international financial products. This is a full-time position with no remote work options.

Qualifications

• At least 5 years experience in Escrow services or Banking operations.
• Good understanding of local and international GTB products.
• Excellent understanding of Escrow laws and regulations.
• Sound knowledge of Corporate and other Banking products.

Responsibilities

• Monitor Real Estate Escrow account opening by liaising with CAD.
• Communicate account details to Regulators and Developers.
• Attend client meetings with approved auditors.
• Handle regulatory requirements inline with the regulations.
• Educate clients about Escrow laws and their rights.

Skills

Escrow services

Banking operations

Customer service

Corporate/Project Finance

Understanding of Escrow laws

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 (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