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banking jobs in UAE | Invest Bank careers

 banking jobs in UAE | Invest Bank careers

banking jobs in UAE | Invest Bank careers

Invest Bank announced, through its Linkedin account, a bank job in uae (Escrow Management Services Manager) according to the following:

  • Validate developer documents, licenses, and other required information for opening real estate escrow accounts.
  • Manage the opening and closure of real estate escrow accounts within the bank, adhering to all internal controls and regulatory requirements.
  • Process incoming and outgoing payments related to real estate transactions.
  • Allocate deposits accurately to specific developer project units according to escrow instructions.
  • Prepare and maintain accurate records of all escrow account transactions.
  • Monitor escrow account balances and ensure adherence to disbursement schedules.
  • Communicate effectively with developers, buyers, real estate agents, and other stakeholders to provide updates on the escrow process and address any inquiries.
  • Identify and resolve any discrepancies or issues that arise during the escrow process.
  • Stay up-to-date on all relevant laws and regulations governing real estate escrow accounts in the UAE.
  • Develop business requirements as the basis for Technical Development, Operations, payments, processing, and other cross functional departments to build systems, procedure, and materials (ideas) to support product development and ongoing product enhancements
  • To develop all required SOP & and ongoing review
  • To handle all legal agreement with clients and legal team.
  • To handle CTA agreements with all stakeholders.
  • Handle all risk assessment activities and reports
  • Responsible for maintaining the regulatory and legal compliance requirements of all escrow products
  • To attend client meetings along with CM Advisory/Coverage RMs and analyze project revenue details
  • To review ESCROW account opening (Main and Retention) by liaising with Acct Opening Team upon obtaining the relevant approvals from RERA/DMAT/RAK-RERA / documents from the Developers and communicate account details to the Regulators/Developers and checking KYC/AML/Sanction norms
  • To manage the RERA/External/Internal Audit etc.
  • Min Degree in Banking/ Finance/ Accounting or any related field;
  • Proven track record of working within Escrow Management Services
  • Keep up-to-date with financial and industry developments;
  • Strong knowledge of Regulators’ guidelines and other relevant local legislation;
  • Strong marketing and sales skills;
  • Strong analytical and judgmental skills;
  • Working knowledge of Escrow Services with minimum 2+ years of experience.

Details and apply for this Invest Bank job as follows:

apply from here

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