Manager- Escrow Management
Full-time Sub Division: Global Transaction Banking Division: Corporate and Commercial Banking Group
Company Description
Headquartered in Abu Dhabi in Khalifa Business Park, the bank’s international network spans five continents, providing the global relationships, expertise and financial strength to support local, regional and international businesses seeking to do business at home and abroad. In line with its commitment to put customers first, to Grow Stronger, FAB will continually invest in people and technology to create the most customer-friendly banking experience, and will support the growth ambitions of its stakeholders across countries in which the bank operates.
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, 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.
Manager- Escrow Management
Abu Dhabi, United Arab Emirates * Full-time
