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.