| Job Location | Abu Dhabi, United Arab Emirates |
| Education | Not Mentioned |
| Salary | Not Mentioned |
| Industry | Banking |
| Functional Area | Not Mentioned |
JOB PURPOSE:? As part of one of the largest Real Estate Escrow service providers in the region, the individual willneed to develop new Escrow Product and manage existing Real Estate and Commercial Escrowpropositions while working with different customer segments, and be responsible for the overallcustomer experience including pre-sales support, on-boarding and client servicing.? Engage with local and regional regulators (RERA/ ADM/WAFI) in structuring Escrow Proposition,suitable for the markets while advising clients on all aspects of Corporate banking including CDD,compliance, Risk, credit, operations & provide the ?right solution?? Work with different product units and business functions in conceptualizing complex Accountbank and Project Bank Escrow propositions that will enable FAB to provide comprehensivesolutions? Bring in process automation and adopt prudent Risk management practices that will drive scalewhile delivering Escrow propositions.KEY ACCOUNTABILITIES:? Manage, develop and grow the Escrow business under GTB cash Product management whileactively working with Solutions & Advisory teams in supporting Escrow propositions for the CIBclient base & provide the ?right solution?? Identify opportunities within the domain of new Escrow product development (Account bank,Owners Association, commercial Escrow in Egypt/KSA/Kuwait) while adhering to the regulationsand embracing technology enablers to achieve process efficiencies.? Building and nurturing long term relationships with Real Estate regulators and working with themin ensuring that Escrow proposition is aligned and Product changes, automation and reportingrequirements are in line with regulatory expectations? Specific responsibility for timely Renewal of annual Trust Agreement with RERA/ADM, attendmonthly Account Trustee Meetings with regulators, Auditors and Developers.? Accountable for arranging / approving all the mandatory reports to regulators on a timely basis and any other MIS information sought by regulators or local courts / other product partners etc? Arrange External Annual Audit of the ESCROW Management business by External Auditors /liaising with Government Auditors / Internal Compliance / Auditors? Ensure departmental processes adhere to prudent Risk Management Practices and Auditrecommendations ; continuously review processes and ensure automation tools are adopted andfit for purpose.Job Context? Primary focus on CIB clients and chosen clients from other areas of the Bank? Engage with stakeholders across the bank and client in general to promote specific solutions? Close liaison with GTB Management, CIB an PBG Relationship , Operations and other relevantstakeholders while developing and implementing solutions? Participate in review of client agreements, service standards and service quality to ensure that wemeet and exceed the expectations of our clients? Educate Developers & Investors about Escrow laws, rights / limitations if any? Close co-ordination with Regulators for timely updates critical in running the Escrow Managementbusiness
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