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Executive Director – Escrow Management - Global Transaction... Abu Dhabi - United Arab Emirates

Abu Dhabi - United Arab Emirates
2021-05-31 07:00:41
Executive Director – Escrow Management - Global Transaction... Abu Dhabi - United Arab Emirates
Job Title: Executive Director – Escrow Management Division: Global Transaction Banking – Cash Product Management Location: Abu Dhabi, UAE About Us: We are one of the largest banks in the Middle East and one of the most prestigious financial companies in the region. Shaking up the world of banking requires a lot of smarts and skill. We’re looking for the brightest and best to help us reach our goals and we’ll also help you reach yours. Your success is our success as you grow stronger in your career. Join us and leave a legacy of your own, as a pioneer in both the company and the industry. Job Summary: 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 relevant stakeholders while developing and implementing solutions Participate in review of client agreements, service standards and service... quality to ensure that we meet 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 Management business Job Purpose: As part of one of the largest Real Estate Escrow service providers in the region, the individual will need to develop new Escrow Product and manage existing Real Estate and Commercial Escrow propositions while working with different customer segments, and be responsible for the overall customer 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 Account bank and Project Bank Escrow propositions that will enable the bank to provide comprehensive solutions Bring in process automation and adopt prudent Risk management practices that will drive scale while delivering Escrow propositions. Job Accountabilities: Manage, develop and grow the Escrow business under GTB cash Product management while actively working with Solutions & Advisory teams in supporting Escrow propositions for the CIB client 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 regulations and embracing technology enablers to achieve process efficiencies. Building and nurturing long term relationships with Real Estate regulators and working with them in ensuring that Escrow proposition is aligned and Product changes, automation and reporting requirements are in line with regulatory expectations Specific responsibility for timely Renewal of annual Trust Agreement with RERA/ADM, attend monthly 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 Audit recommendations; continuously review processes and ensure automation tools are adopted and fit for purpose. Required Experience & Skills: Minimum 12 years of multi-functional (Operations/Corporate Banking/Project Finance/ etc.) Corporate Banking Experience. Minimum 5 years of relevant experience in ESCROW Management. Cross functional / Cross-product experience of the Bank Minimum Post Graduate Degree Excellent understanding of ESCROW Laws, Regulations in the various Emirates of UAE and high level understanding of Property laws and practices. Thorough knowledge about DMAT/ RERA Laws, Regulations, Circulars, practices, in respect of Abu Dhabi Escrow Management. Credit policies of the Bank, Account operations and process guidelines, Banking laws and General Property laws in the respective emirates Well rounded experience in various commercial Escrow propositions. Language proficient: Fluency in English & Arabic required Ability to present and negotiate with clients at senior levels. High problem solving abilities. Proven ability to develop and implement new businesses, demonstrable professional achievement. Planning, problem solving, organizational & people management skills. Articulate, good presentation and communication skills as well as strong influencing and negotiation skills to drive results. Proven leadership abilities to create a high performing team. Ability to maintain good peer relationship to maximize synergies with cross functions for leveraging on business opportunities
Abu Dhabi - United Arab Emirates undefined undefined
Executive Director – Escrow Management - Global Transaction... Abu Dhabi - United Arab Emirates Westbourne Partners Abu Dhabi - United Arab Emirates
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