Assistant Manager-Escrow Services

RAKBANK
Dubai
Workplace: OnsiteFull timeFunction: Administration & Executive AssistanceEducation: bachelorsSkills: ["Problem-solving","Analytical skills","Risk management","Stakeholder management","Process improvement"]

Oversee end-to-end escrow operations within the customer fulfilment team, including account onboarding, fund inflows/outflows, payment processing, reconciliations, and regulatory reporting. Coordinate with internal stakeholders and external parties to ensure compliant, seamless service for developers, investors, and business partners. Monitor escrow balances and project-related transactions, manage Owner’s Association account administration, identify operational/compliance risks, and drive process improvements, automation, and UAT for enhancements.

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FursaFursa
RAKBANK
RAKBANK
15 hours ago

Assistant Manager-Escrow Services

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Source: Company careers pageValidated by: Fursa AI
Last checked: 52 minutes agoStatus: Live

Job Summary

Oversee end-to-end escrow operations within the customer fulfilment team, including account onboarding, fund inflows/outflows, payment processing, reconciliations, and regulatory reporting. Coordinate with internal stakeholders and external parties to ensure compliant, seamless service for developers, investors, and business partners. Monitor escrow balances and project-related transactions, manage Owner’s Association account administration, identify operational/compliance risks, and drive process improvements, automation, and UAT for enhancements.
Location: Dubai
Workplace: Onsite
Employment Type: Full time
Job Function: Administration & Executive Assistance
Seniority: Manager level

Key Responsibilities

  • •Manage day-to-day escrow operations including account opening, maintenance, fund inflows/outflows, and reconciliations.
  • •Review and process escrow transactions while ensuring compliance with applicable regulations and internal policies.
  • •Coordinate with Business, Product, Operations, RMs, and external stakeholders to ensure smooth service delivery.
  • •Handle regulatory reporting requirements and maintain accurate updates on regulatory platforms and systems.
  • •Monitor escrow balances and transactions, prepare MIS and reconciliations, identify risks, and drive process improvements, automation, and UAT activities.

Key Requirements

  • •Bachelor’s degree in Business, Finance, Banking, or a related field.
  • •5-7 years of experience in Escrow Operations, Wholesale Banking Operations, Cash Management, or Corporate Banking Operations.
  • •Strong understanding of escrow products, account management, payments, reconciliations, and regulatory requirements.
  • •Experience managing stakeholder relationships across Business, Operations, Regulatory Bodies, and external clients.
  • •Strong problem-solving, analytical, and operational risk management skills, including regulatory reporting and process improvement experience.
Experience:BankingEscrowWholesale bankingCash managementCorporate banking
Education:Bachelor's
Skills:Problem-solvingAnalytical skillsRisk managementStakeholder managementProcess improvement
Languages:English

Company Brief

RAKBANK
RAKBANK is a United Arab Emirates-based bank offering personal, business, and commercial banking services, including accounts, cards, loans, deposits, and digital banking products. It serves retail customers and SMEs across the UAE.
Industry: Banking
Company Size: Large (251 to 1,000 employees)
Revenue: USD 1B+
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: Ras Al Khaimah, United Arab Emirates
Founded: 1976
WebsiteLinkedIn