Custody Operations Leader — Saudi Market

Thndr; Riyadh; On-site; SAR 400,000 - 700,000; Full time

Job summary

Thndr is seeking a Head of Custody Operations in Saudi Arabia to establish and run trading, settlement, custody and funding operations in collaboration with Tadawul, Edaa and Muqassa, with CMA registration.

You will lead settlement and custody, build scalable operations, implement policies, automate processes, and ensure compliance with CMA requirements while protecting client assets and funds.

Qualifications

• 5+ years in securities operations with a focus on custody and post-trade.
• Experience in the Saudi market with Tadawul, Edaa and Muqassa.
• Experience leading an operations team at a CMA-licensed institution or custodian.
• Familiarity with CMA registration requirements.
• Fluent in English; Arabic strongly preferred.

Responsibilities

• Oversee all aspects of trade settlement and custody operations.
• Manage the full trade life cycle from execution to final settlement.
• Safeguard client assets and client money per CMA requirements.
• Build scalable, policy-driven operational processes.
• Automate processes to reduce manual errors and improve controls.
• Maintain daily reconciliations with regulators and counterparties.

Skills

Strategic leadership

Securities operations

Post-trade processing

Risk and compliance

Stakeholder management

English fluency

Arabic language

Education

CMA qualification CME-1A/CME-1B

CMA registration eligibility

Saudi residency or relocation willingness

Job description

Thndr is seeking a Head of Custody Operations in Saudi Arabia to establish and run trading, settlement, custody and funding operations in collaboration with Tadawul, Edaa and Muqassa, with CMA registration.

You will lead settlement and custody, build scalable operations, implement policies, automate processes, and ensure compliance with CMA requirements while protecting client assets and funds.