Identifying new initiatives related to Escrow Services, obtain internal / external clearances, draw processes in line with the regulations and internal policies, provide training / presentation and implement roll-out
Advise the internal stakeholders on the regulatory guidelines / internal procedures, ensure deposits are allocated to the correct investor / unit holders
Handling day to day escrow
and advisory to the existing and new clients. Identifying opportunities, meeting up clients along with relationship team for providing acceptable solutions for conversions * Screening Escrow/ Trust applicants and arranging the opening of Escrow / Trust Accounts, with the help of relationship team. Checking the Account opening documents and arranging Account opening within the agreed TAT
Statutory reporting and liaison with Regulators/RERA/ Lands department. Liaison with Banks appointed engineers and legal team on the related matters and provide the information to the relationship team and the clients
Providing monthly/ periodic MIS and any reports / details required with to the escrow accounts, in the format advised by the regulators within the timelines
Assist in the development of escrow system along with enhancing the overall product offering, assisting in all activities related to escrow management
Prepare and submit periodic internal MIS reports
Develop business requirements for enhancing existing escrow capabilities, and work with Product /
IT department, audit and risk team to formulate the project plan, delivery schedules testing and implementation. Monitor the project progress in all aspects from requirements conceptualization to implementation
Ensure to comply with the audit requirements, internal and external reporting obligations etc. in line with the policy guidelines, to ensure high standards of uniformity and consistency across the Bank
Education & Experience
6 - 8 years of experience in the banking industry
Knowledge of escrow business
Knowledge of various Banking operations & marketing function would be desirable
Regular external contacts with real estate regulators in the local market and the financial and business community at large
Bachelor's degree in Finance, Marketing, Business administration or in any job related discipline