Custody Operations Consultant

Northern Trust; Riyadh; On-site; SAR 120,000 - 180,000; Full time

Job summary

Join a forward-thinking financial institution where your expertise in the Middle Eastern market will be highly valued. In this mid-senior role, you will oversee account opening for GCC and QFI institutions while managing trade and settlement activities. Collaborate with diverse teams to enhance service delivery and maintain compliance with local regulations. This is an opportunity to grow within a supportive and inclusive workplace that encourages innovation and personal development. If you're ready to take your career to the next level, we invite you to apply and be part of a company that values your contributions.

Qualifications

• Experience in the Middle Eastern market, particularly Saudi Arabia.
• Strong knowledge in Securities Processing and regulatory compliance.

Responsibilities

• Manage trade and settlement activities in the Middle East.
• Ensure compliance and oversight on cash and stock reconciliations.
• Train and guide junior staff on daily activities.

Skills

Middle Eastern market knowledge

Securities Processing knowledge

Clear communication skills

Analytical skills

Proficiency in English

Proficiency in Arabic

Remote management capability

Problem-solving skills

Job description

About Northern Trust:

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Role/ Department:

This role sits within the Operations department in Saudi office in Riyadh and reports into the Head of Operations. This is a mid-senior role where the successful candidate will be a self-motivator, with the ability to work in a team or individually.

The successful candidate will be looking after Account opening covering GCC and QFIs and entitlement activities.

The key responsibilities of the role include:

• Manage Middle Eastern Trade and Settlement activity
• Maintain appropriate oversight on cash and stock reconciliations ensuring regulatory compliance
• Manage Proxy voting activity ensuring nil errors
• Possess a good knowledge and understanding of Account opening in the Saudi market for GCC and QFI institutions
• Maintain excellent working relationships with internal stakeholders in various locations to maximize delivery to our clients that meets service level agreements
• Analyze internal reports received, raising appropriate queries, to ensure the delivery to clients is accurate and compliant with local regulations
• Participate in relevant custody operations related meetings with other locations to maintain and develop your subject matter expertise
• Resolve queries and/or take action on all queries within set standards and timeframes
• Manage, train, and provide guidance to more junior staff in the team on day-to-day BAU activities
• Ensure business resiliency is up to date and tested regularly
• Work with the Head of Operations on any other tasks that are assigned

Skills / Qualifications:

The successful candidate will benefit from having:

• Middle Eastern market knowledge, especially Saudi Arabia
• Extensive technical and/or business knowledge within the Securities Processing function
• Support and guidance for Internal partners on daily issues and with Project Implementation
• Liaise with the rest of the business to improve efficiency, effectiveness, and productivity
• Carry out complex initiatives involving multiple disciplines and/or ambiguous issues
• Clear and precise communication skills
• Firm grasp of the end-to-end business processes i.e. understanding the impact of change or an issue on other related areas
• Proficiency in English & Arabic languages, both written and verbal
• Analytical approach
• Effective communication skills
• Remote management capability
• Proactively stay current with industry information

Working with Us:

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.

We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies! Build your career with us and apply today.

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [e-mail].

We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.

For further information, and to apply, please visit our website via the “Apply” button below.