Securities Custody Lead – Kuwait Growth & Regulation

Citi

Kuwait City

On-site

KWD 9,000 - 15,000

Full time

14 days+

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Job summary

Citi Kuwait is seeking a seasoned Head of Custody to lead the development of Securities Services in Kuwait and represent Citi with authorities and regulators. The role requires driving growth, maintaining robust risk controls, and delivering high-quality custody services to clients while managing a complex local and regional operation.

Ideal candidate has 8+ years in custody, a university degree, and fluency in Arabic.

Qualifications

8+ years of custody services experience.
Detailed understanding of Direct Custody, Clearing and Investor services in Kuwait.
Experience dealing with local market infrastructure and regulators.
Arabic-speaking, university degree required.

Responsibilities

Develop and execute clear business strategy for the Kuwait custody business within the regional Citi framework.
Support growth objectives, market share, and revenue targets while maintaining risk discipline.
Maintain P&L oversight and control expenses.
Pitch for new business opportunities and product offerings in custody services.
Own end-to-end delivery of custodial services including operations.
Interface with regulators and industry forums on behalf of Citi Kuwait.
Foster strong internal relationships with operations, corporate banking, treasury, compliance, and legal.
Ensure robust service levels and client satisfaction through service-excellence programs.
Engage with market infrastructure (e.g., Boursa Kuwait, KCC) and promote foreign investment.
Act as first line of defence, monitor risk, and coordinate audits and CAPs.
Oversee BAU and escalate as needed; monitor regulatory changes impacting the local franchise.