Direct Custody and Clearing Operations Associate

JP Morgan Chase; Riyadh; On-site; SAR 120,000 - 150,000; Full time

Job summary

A leading financial services firm is seeking a Custody Operations specialist in Riyadh. The role involves managing trade operations, ensuring compliance, and supporting business initiatives. Ideal candidates will have a CMA certification and experience in the KSA securities market.

Qualifications

• Minimum 1 year of trade settlement and custody experience in KSA.
• Good understanding of KSA Tadawul systems and operations.

Responsibilities

• Provides processing support for effective Custody Trade Operations.
• Ensures compliance with firm policies and Standard Operating Procedures.
• Communicates effectively with key stakeholders.

Skills

Trade Settlement

Custody Operations

Communication

Integrity

Education

CMA Certification

Degree or equivalent qualification

Tools

MS-Excel

Job description

Exiting opportunity to perform as Custody Operations specialist with proven local securities market experience and support the implementation of new initiatives. You will have an opportunity to develop your people management skills and in the future lead the operations team responsible for the ongoing support of the business.

As a Direct Custody and Clearing Operations Associate within the Operations team, you will be an innovative team member with the requisite skills and experience to instigate change and ensure an efficient, controlled operating model. Your responsibilities will include defining and managing the operating model, determining technology requirements, and establishing business processes to support new business initiatives, all while maintaining a robust control environment.

Job Responsibilities

• Provides processing support for effective and efficient process delivery of Custody Trade Operations
• Supports processing and efficient process delivery across instruments like Equity, G-sec, Corporate Bonds for settlement and regulatory reporting
• Executes error-free operations and escalates any exceptions across processes including pre-trade activity, trade capture, affirmation, brokerage & settlement
• Knows SWIFT messaging
• Provides first-level supervision in managing daily business deliverables and responds promptly to client inquiries
• Ensures compliance with firm policies and Standard Operating Procedures
• Communicates effectively with key stakeholders, including internal teams and external market participants

Required Qualifications, Capabilities, and Skills

• Qualified CMA certification is essential
• Minimum 1 year of trade settlement and custody experience in KSA
• Good understanding of KSA Tadawul systems and operations
• Ability to prioritize workloads effectively and meet critical deadlines
• High integrity; operates with transparency and honesty
• Proficiency in MS-Office, especially MS-Excel

Preferred Qualifications, Capabilities, and Skills

• Degree or equivalent qualification preferred

J.P. Morgan is a global leader in financial services, providing strategic advice and products to prominent clients worldwide. Our approach emphasizes first-class service and building trusted, long-term partnerships to help clients achieve their objectives.

We value diversity and inclusion, recognizing that our people are our strength. We are an equal opportunity employer and do not discriminate based on protected attributes. We also accommodate religious practices, mental health, and physical disabilities. For more information, please visit our FAQs regarding accommodations.