Manager Trust Ops And Lease Receivable Finance OPS

Mashreq Corporate & Investment Banking Group

Employer Active

Posted 8 hrs ago

Experience

8 - 13 Years

Education

Bachelor of Commerce(Commerce)

Nationality

Any Nationality

Gender

Not Mentioned

Vacancy

1 Vacancy

Job Description

Roles & Responsibilities

Effective monitoring and management of all accounts managed by the Trust Operations dept. in the capacity of Trustee on behalf of the bank, so that all financial and non-financial internal and external (regulator) guidelines are adhered to.

Maintain ongoing awareness/current knowledge of all applicable regulatory requirements identifying any issues that could impact the bank. Lead the implementation of changes in policies and procedures that result from changes in regulator directives or local laws and regulations.

Timely and accurate submission of monthly reports to Regulators, as well as enabling timely & accurate MIS supporting effective credit management of LRF product.

Maintaining high standards of record keeping in line with bank s policy and reconciliation of payments at all times in line regulator expectations.

Take initiative and play an active role to promote self-identification and appropriate reporting of issues across the division, and provide support to business units in addressing irregularities and deficiencies.

Prepare regular operations reports for Management review (process irregularities, monthly statistics, productivity & utilization)

Continuously drive for RERA, other Emirates Land Departments/regulators, and IAG satisfactory audit ratings.

8 or more years of banking experience in operations / compliance related areas.

Ability to understand policies & procedures and implement and modify the existing practices, if need arises.

Excellent analytical skills and proactive approach.

Solid people management skills and flexible team management style.

Strong inter-personal and communication skills.

Desired Candidate Profile

Trust Ops team acts as a Trustee on behalf of the bank for the management of Trust Accounts opened by Real Estate Developers & Owners associations.

Trustee s responsibility is to ensure that accounts are managed in line with the legal and regulatory requirements laid down in Trust Management Agreements and in compliance with RERA (Real Estate Regulatory Agency) guidelines and periodic circulars.

The Lease Receivable Finance team is in charge of governing the Lease Rental Financing (LRF) product, a product offering rental-backed financing solutions to property owners and investors, the team oversees disbursement in line credit risk conditions, receivables tracking, as well as supporting internal stakeholders with necessary MIS to support credit risk management.

Department / Functional Area

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