Job Description




JOB SUMMARY / INTRODUCTION

The role is to adherence the regulation of Mortgages Real Estate (RE) - Consumer Banking (CB) Credit Valuation team, monitoring and resolving of valuation disputes and escalations. The role required to manage relationship and liaise with External Vendors, Product Mortgages, Direct Sourcing Channels, and all FAB Branches (UAE) for smooth processing, enhancement, and standardization of the property valuation Commercial Real Estate (CRE), Estate Finance (EF) & Vanilla Products.


KEY RESPONSIBILITIES

• Follow all relevant departmental policies, processes, standard operating procedures, and instructions so valuation is carried out in a controlled and consistent manner.

• Demonstrate compliance to organisation's values and ethics to support the establishment of a value drive culture within the bank.

• Contribute to the identification of opportunities for continuous improvement, standardization and sustainability of systems, processes and practices considering global standards, productivity improvement.

• Supervision in the preparation of timely and accurate TAT and reports to meet department requirements, policies, and quality standards.

• Provide support for Escalations & disputes raised by business of Mortgages Real Estate - CB Credit Valuations.

• Review and finalize financial Invoices received from external Emplaned Vendors and liaise with Product Mortgage for the expense accruing dues against valuation fee charges.

• Monitoring and managing controls to adherence the valuations process.

• Review valuations, Identifying and rectifying discrepancies in reports.

• Review invoices, rectify discrepancies and due charges of external vendors.

• Adhere to strict policy, solutions are provided in consultation with the appropriate level for solving problem and ensuring that the external customer of bank is given efficient service.

• Backup to Initiate property valuation request with external property valuators for mortgage loans.

• Prepare MIS statistics, monthly valuation report, presentations, consolidated daily status reports for stakeholders.

• Reviewing Initial valuation request /queries / concerns.

• Returned/Corrections: After reviewing discrepancies in request revert with corrections to the Branches.

• Received valuation request with required documents and fee, reviewed again and send to evaluators.

• Cancellation of request in case of inspection not possible and re-initiate valuation request.

• Reviewed response of evaluators, reports, asking price compared with Market value / rentals, request to revise the report in case of amendments and review amendments/corrections in the report.

• Functions within the framework and boundaries of Group policies of Credit Mortgage Valuation as well as overall organisational and governance frameworks.

• Authorised to take decisions as per the approved authorisation process of valuation and provide concurrence to the valuation companies and sourcing channels.


REQUIREMENTS / QUALIFICATIONS

• Bachelor's degree in Business Administration, Management, Banking or any related discipline.

• 3 years' relevant experience, including 1 year in similar role




About Us




About Us:



First Abu Dhabi Bank (FAB) is the largest bank in the UAE and one of the world's largest and safest financial institutions. We offer a comprehensive range of personal and private banking services, including credit cards, Islamic banking, investments, loans, and mortgages. Our commitment to excellence and innovation drives us to provide top-tier financial solutions to our clients.




Life at FAB:



Working at FAB means being part of a team of talented and passionate individuals with a shared vision to support the ambitions of our stakeholders to "Grow Stronger." We embrace the needs of our customers across the globe with a sense of responsibility and confidence driven by extensive expertise that can only be delivered by an ambitious world-class organization




Career Development:



FAB offers unique career choices, a chance to innovate, craft solutions for the future, and express yourself in a performance-based culture that will unleash the best in you. Whether you are an experienced professional or just starting your career, FAB provides a range of learning and development initiatives to support all employees through training and skill development.




Our Values:



At FAB, we place our customers at the core of our activities, live our values each day in every way, celebrate achievements, and empower each other to deliver leading solutions. We have structured plans for the recruitment and career progression of Emirati talent to enable them to make a mark in the financial and banking sector both regionally and globaly that rewards your hard work and dedication.



Join our team and be part of a journey to shape the future of banking.