Exiting opportunity to perform as Custody Operations specialist with proven local securities market experience and support the implementation of new initiatives. You will have an opportunity to develop your people management skills and in the future lead the operations team responsible for the on-going support of the business.
As a Direct Custody and Clearing Operations Associate within the Operations team, you will be innovative team member with the requisite skills and experience to instigate change and ensure an efficient, controlled operating model. Your responsibilities will include defining and managing the operating model, determining technology requirements, and establishing business processes to support new business initiatives, all while maintaining a robust control environment.

Job responsibilities

• Provides processing support for effective and efficient process delivery of Custody Trade Operations

• Provides processing support and efficient process delivery across different types of instruments like Equity, G-sec, Corporate Bonds for settlement and regulatory reporting

• Executes error free operations and identify and escalate any exceptions across processes including pre-trade activity, trade capture, affirmation, brokerage & settlement

• Knows SWIFT messaging

• Provides first level of supervision in the day to day management of business deliverables and timely response to client enquiries

• Complies with firms policies and Standard Operating Procedures

• Exhibits effective communication with key stakeholders i.e. internal and external market participants

Required qualifications, capabilities, and skills

• Qualified CMA certification essential

• Minimum 1 year of trade settlement custody experience in KSA

• Operating knowledge and good understanding of KSA Tadawul systems

• Ability to effectively prioritize workloads and work to critical deadlines

• Display high levels of integrity; operate on the basis of open and honest interaction

• Knowledge of MS-Office with proficiency in MS-Excel.

Preferred qualifications, capabilities, and skills

• Degree or equivalent preferred