Manager- Escrow Management
Job Description
<ul><li>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.</li><li>To communicate (updateTAS if applicable or any regulatory system) the account details to the Regulators/Developers.</li><li>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.</li><li>Handle requlatory requiremnets inline with the regulations.</li><li>To monitor the developers requests received from regulatory system and validate if it is as per regulations and then proceeds.</li><li>Focus is primarily on CIB clients and chosen Business Banking clients.</li><li>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.</li><li>Participate in review of client agreements, service standards and service quality to ensure that we meet and exceed the expectations of our clients.</li><li>Educating the clients about the relevance of Escrow laws and their rights / limitations if any.<br><br></li></ul><strong>Qualifications<br><br></strong><ul><li>At least 5 years’ experience in Escrow services / Banking operations out of which some Corporate/Project Finance experience is preferred.</li><li>Good understanding of local and international GTB products, international cash management electronic platform operations</li><li>Excellent understanding of Escrow laws, regulations and practices as an escrow agent..</li><li>Excellent customer service skills.</li><li>Sound Knowledge of Corporate and other Banking products and operations.</li><li>Language proficient: Fluent (business) English<br><br></li></ul><strong>Additional Information<br><br></strong><p>FAB, theUAE’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.</p>
