Head of Operations & Settlements, Treasury & Governance

National Investments Company; Kuwait; On-site; KWD 60,000 - 90,000; Full time

Job summary

National Investments Company is seeking a Senior Director of Operations to lead NIC’s Operations function, overseeing investment operations, back-office activities, treasury transactions and settlements for equities and fixed income. The role focuses on cash management, reconciliation control and regulatory compliance with CMA standards.

The incumbent will drive the operations strategy, manage banking and custodian relationships, and lead initiatives for digital adoption, risk control and

Qualifications

• Bachelor’s degree or higher in Economics, Management, Finance or related field.
• Strong knowledge of equities, fixed income, securities settlements, NOSTRO reconciliations, custody accounts and treasury operations.
• Knowledge of operational risk management, financial regulations, CMA reporting requirements, audit controls and business continuity.

Responsibilities

• Lead the Operations function’s business plan, budget, workforce planning and performance monitoring.
• Oversee treasury transactions, fund transfers, financing arrangements and investment settlements, ensuring timely processing and accurate documentation.
• Manage NOSTRO reconciliations, resolve outstanding differences and maintain effective control of NIC’s cash position.
• Coordinate NOSTRO and custody account opening with banks, brokers and custodians.
• Oversee client remittances and operational controls for IPOs, rights issues and other corporate actions.
• Maintain policies, procedures and approval authorities, and oversee CMA regulatory inspections, audits, business continuity and disaster recovery testing.
• Lead process improvements and digital adoption to strengthen operational efficiency and controls.

Skills

Leadership

Analytical thinking

Problem solving

Decision making

Education

Bachelor’s degree in Economics, Management, Finance or a related field

Job description

National Investments Company is seeking a Senior Director of Operations to lead NIC’s Operations function, overseeing investment operations, back-office activities, treasury transactions and settlements for equities and fixed income. The role focuses on cash management, reconciliation control and regulatory compliance with CMA standards.

The incumbent will drive the operations strategy, manage banking and custodian relationships, and lead initiatives for digital adoption, risk control and