Objectives
Execute daily custody, settlement, clearing, reconciliation, and operational activities across both the Saudi Capital Market and International Markets while ensuring compliance with applicable regulations and internal policies.
Key Responsibilities
- Execute daily custody, settlement, clearing, and reconciliation activities across both the Saudi Capital Market and International Markets.
- Process securities settlements, cash movements, and custody instructions accurately and within market deadlines.
- Perform daily cash and securities reconciliations and investigate settlement exceptions.
- Process corporate actions, dividends, stock splits, rights issues, and other entitlement events for Saudi and International securities.
- Monitor failed trades and coordinate with brokers, custodians, counterparties, and internal teams for timely resolution.
- Maintain accurate operational records and prepare daily operational reports.
- Support client asset protection, operational controls, and regulatory compliance.
- Coordinate with Saudi Exchange, Muqassa, Edaa, custodian banks, global custodians, and other market participants.
- Participate in UAT, process improvements, and operational projects.
Requirements
- Bachelor's degree in Finance, Accounting, Business Administration, or a related field.
- CME-1 qualification is preferred (or willingness to obtain).
- 1–3 years of experience in custody, settlement, brokerage, or banking operations, with exposure to both the Saudi Capital Market and International Markets preferred.
- Knowledge of CMA, Saudi Exchange, Muqassa, Edaa, and international market operations is preferred.
- Strong attention to detail and problem-solving skills.
- Good communication skills in Arabic and English.