RETSO - Real Estate Technical Surveillance Officer

Job description / Role

Real Estate Technical Surveillance Officer (RETSO) is a critical role in Policy and Portfolio Management of RB Mortgage Business. It is involved in all aspects of managing risks relating to the underlying properties in the mortgage portfolio. The role also involves supporting the CRM Head in policy formulation as well as establishing a good relationship with relevant government authorities, developers and valuers.

Job is open for UAE nationals only. A suitable client must have 3-5 years of experience in property valuations, or developments or project assessment. Candidates with experience in working for reputable Developers and Real estate companies may also apply.

Candidate must have Experience in real estate market in Emirates of Dubai & Abu dhabi. Candidate must display in depth knowledge of real estate market and ability to foresee any major changes in the market situation.

Key Roles and Responsibilities

* Managing valuers relationship and the valuation process as per Group policies
* Develop and define the valuation process in light of group policies
* Estimating home price indices and maintaining the up to date information on the same with coordination of valuers.
* Manage and monitor valuers' performance on regular basis
* Empanelment of new valuation companies on the Bank's panel
* Assisting the CRM Head with managing the mortgage portfolio and supporting individual policies
* Managing the exposure of the mortgage portfolio, visiting the empanelment of new properties, and regular updates of developments the Bank has exposure to.
* Regular monitoring of movements in real estate pricing and in supply and demand of the same.

Regulatory & Business Conduct

* Display exemplary conduct and live by the Group's Values and Code of Conduct.
* Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
* Lead the [country / business unit / function/XXX [team] to achieve the outcomes set out in the Bank's Conduct Principles: [Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.
* Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Key Stakeholders

* CRM
* Frontline
* Business

Requirements

* Minimum Education Level: Baccalaureate
* Having a RICS certification or Diploma in Quantity Survey or Property Valuations, or a degree/Diploma in Civil engineering will be additional qualification.

About the Company

Standard Chartered Bank started in 1958 in UAE with its first branch in Sharjah. The Group’s business gradually increased in Dubai with the opening of several branches and today, Dubai is the administrative hub of the Middle East and South Asia Region. In its 43rd year, the Bank enjoys the position of having the most extensive branch network among foreign international banks in UAE with 10 branches emirate-wide.

Standard Chartered is an international bank, focused on the established and emerging markets of Asia, Africa, the Middle East and Latin America with an extensive global network of more than 600 offices in over 50 countries. The three principal business groups are Global Markets, Personal Banking and Corporate and Institutional Banking.

In UAE, we are one of the leading banks, offering an extensive range of products and services for personal customers, local companies, multinational corporate and financial institutions.