Head of Custody

Advanced Search; Kuwait City; On-site; KWD 90,000 - 150,000; Full time

Job summary

Citi Kuwait seeks an experienced Head of Custody to lead the development of Securities Services locally, representing Citi to regulators and market participants. You will ensure robust service delivery, drive profitability, and oversee end‑to‑end custodial operations in line with regional strategy.

Responsibilities include shaping local business strategy, managing risk, P&L oversight, and building relationships with internal stakeholders such as operations, compliance, and legal, while pursuing

Qualifications

• +8 years experience in Custody Services.
• Detailed understanding of Direct Custody and Clearing.
• Familiarity with local market infrastructure and regulators.
• Experience across multiple products/geographies.

Responsibilities

• Create and execute the local custody business strategy within the regional context.
• Drive revenue growth while maintaining risk controls.
• Oversee P&L and cost management.
• Pitch for new business and product offerings.
• Lead end-to-end delivery of custodial services.
• Interface with regulators and industry forums.
• Build relationships with internal stakeholders (operations, compliance, legal).
• Ensure high service levels and client satisfaction.
• Monitor regulatory changes affecting Kuwait franchise.
• Oversee product manager activities.

Skills

Custody Services

Regulatory Liaison

Multi-product exposure

Leadership

Education

University degree

Job description

Industry Software Development / Backend Engineering

Citi's Custody provides financial institutions worldwide with an unparalleled access of a global Citi network that enable them grow, reduce cost and mitigate risk. We leverage our strength in capital markets to create value for clients across the entire investment value chain. Our market-leading breadth, depth and scope of solutions, complemented by our geographic reach, allow us to offer an unparalleled portfolio of products and services that drive our clients' bottom-line performance

The Head of Cusotdy will be responsbile for leading the development of Securities Services business in Kuwait and representing Citi internally and externally with authorities and market regulator while ensuring robust business model and elite and high-quality service level is timely provided to clients to achieve business growth and increased profitability in line with strategic objectives. Prospecting new business mandates and new product offerings

Key Responsibilities:

• Responsible for creating and executing clear business strategy for the local business in the context of the regional business strategy
• Support business growth objectives, market share, and achieving revenue targets whilst retaining appropriate risk management discipline.
• Maintain close control over P&L and control over expenses
• Pitch for new business prospects, sales opportunities, and envisage new product offerings
• End-to-end ownership and leadership for the delivery of custodial services including Operations
• Interface and represent Citi franchise with market regulators and industry forums.
• Build and maintain constructive relationship with internal stakeholders inside the franchise including but not limited to operations, corporate banking, treasury, compliance, and legal.
• Ensure delivery of robust service level and high-level clients satisfaction through execution of service excellence programs. Also, exploring room for added services and efficiency / controls.
• Remain close to market infrastructure (i.e. Boursa Kuwait, KCC) and promote initiatives to help develop the market and promote more foreign investments into Kuwait
• Act as the first line of defence by monitoring, controlling business risk. Furthermore, handhold internal and external audits, and ownership of action points and CAPs
• Overseeing BAU and act as first escalation point
• Monitor regulatory changes and their impact on local franchise.
• Lead advocacy efforts with market regulators and ensure visibility of thought leadership
• Have an oversight into product manager responsibilities

Knowledge/Experience:

• +8 years experience in Custody Services
• Detailed understanding of the Direct Custody and Clearing and Investor services in Kuwait
• Experience of dealing with local market infrastructure and regulators
• Experience of working across multiple products/geographies
• Unviersity degree

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Job Family Group: Product Management and Development

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Job Family: Product Management

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Time Type: Full time

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Most Relevant Skills Please see the requirements listed above.

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Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi . View Citi s EEO Policy Statement and the Know Your Rights poster.

Desired Candidate Profile

• +8 years experience in Custody Services
• Detailed understanding of the Direct Custody and Clearing and Investor services in Kuwait
• Experience of dealing with local market infrastructure and regulators
• Experience of working across multiple products/geographies
• Unviersity degree