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Assistant Manager Escrow Services

National Bank of Dubai

Posted on May 15, 2018

2 - 3 years Dubai - United Arab Emirates

Any Nationality

Opening 01

Job Description

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* Department Description:
Escrow Services provides services as a trustee in line with the regulations framed by the authorities of the respective emirates in UAE and also provides trustee services with regards to Commercial Escrow Accounts Escrow Services is formed to provide expert standardized services
Brief Description:
To manage the daytoday processing in compliance with the Law Regulations and internal procedures related to these services within the timelines
Detailed Description:
To manage the daytoday processing in compliance with the Law Regulations and internal procedures related to these services within the timelines
Job Requirements:
Checking of daily Transactions Documents related to Payments Cancellation Pending payments Deposits Retention transfer on deposits and ensure timely processing Liaise with bank appointed engineer for obtaining their certification for release of payments Ensure timely Reconciliation and escalation
Checkingof the project wise excel sheetsthat are updated daily Ensure project wise accounts are reconciled and uptodate Ensure all exceptions are escalated approved and ratified Ensure customer queries are responded within the timelines and confidentiality maintained Liaise with concerned team for clarifications related to any transaction
Quick adaptability to new initiatives or any changes in the existing process related to Escrow Services and hand holding the processor Support Business units operationally ensuring customer satisfaction by transactions getting processed within timelines Providing clarifications seeking clarifications to and from internal external customers for smooth completion of the transaction
Ensure transactions to be processed are within the processes outlined laws and regulations related to Real Estate Escrow Commercial Escrow Owners Association Escrow
Additional Details:
a List of Annual Profitrevenuecostvolumesportfolio etc directly controlled or influenced by the job holderb Total number of employees manageddirectly and indirectly by job holderc Any other key aspects relevant to the job eg markets covered products managed

Banking / Financial Services / Broking



Reconciliation Real estate Customer satisfaction Transactions Compliance Processor process Support Management Excel

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National Bank of Dubai

Emirates NBD was formed in the year 2007 with the merger between Emirates Bank International (EBI) and the National Bank of Dubai (NBD). Headquartered in Dubai, Emirates NBD is one of the leading banking groups in the Gulf region specializing in wealth solutions, banking solutions, mobile banking , etc., for individuals, corporates, and businesses. Over the years it has earned several awards and accolades of which some of the recent ones are listed below:

• Won global recognition at RBI 2018 Global Awards, 2018;

• Named Best Retail Bank in the Middle East by The Asian Banker, 2018;

• Named The Banker’s ‘Bank of the Year – UAE’ for the third consecutive year in 2017;

• Named Banking Company of the Year by Gulf Business, 2017; and many more.

The banking institution’s vision is to become a leading and globally recognized financial services provider. Towards this end, it is committed to consistently making its customers’ lives simpler by offering solutions that help accomplish their financial objectives.

As an employer, Emirates NBD is committed to the personal and professional growth of its people. In fact, the institution firmly believes that, both the growth of its employees and business goes hand in hand. It offers excellent salaries, compensation packages, and perks along with numerous learning and development programs for continuous growth of its employees.

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