Operation Manager Custody Department

Jobskey Search and Selection; Riyad Al Khabra; On-site; SAR 150,000 - 200,000; Full time

Job summary

A recruitment firm is seeking an experienced Operation Manager for its Custody Department in Riyad Al Khabra, Saudi Arabia. The role focuses on overseeing operations, ensuring compliance, and providing support to clients. Candidates should possess over 7 years of experience in Brokerage Operations and be proficient in both Arabic and English. This position requires strong attention to detail and excellent communication skills, as well as familiarity with various financial products and systems.

Qualifications

• Bachelor's degree holder.
• Over 7 years of experience in Brokerage Operations with a strong investment banking background.
• Good knowledge of Brokerage systems involving e-trading.

Responsibilities

• Perform the account opening process.
• Handle daily settlement for various markets.
• Monitor stock activities and cash reconciliation.
• Resolve client-related issues and requests.
• Ensure compliance with regulations.

Skills

Strong sense of responsibility

Excellent communication

Proficient in both Arabic and English

Familiarity with Edaa settlement process

Familiarity with Fixed Income Products

Experience in Excel and Access

Education

Bachelor's degree

Job description

About the job Operation Manager ( Custody Department )

Reporting line: Head of Custody & Operation

Overview

The Operation Manager in the Custody Department is responsible for achieving and developing department responsibilities with limited mistake

Duties and Responsibilities

• Perform the account opening process.
• Handle daily settlement for local and international markets, including equities, futures, overseas equities, futures and options, fixed income, and derivatives products.
• Cover corporate action process and apply it to our clients.
• Monitor stock activities, positions, and cash reconciliation.
• Resolve issues and requests related to clients.
• Provide support to clients and other departments.
• Ensure all processing transactions comply with relevant regulators and in-house policies.
• Liaise with external parties such as banks, Saudi Exchange, Muqassa, and Edaa.
• Participate in User Acceptance Testing (UAT) environment and enhance the system.
• Manage cash management, payment processes, and invoices.
• Handle requests from the Capital Market Authority (CMA) related to clients.
• Provide other departments with necessary reports.

Skills

• Strong sense of responsibility, attention to detail, and ability to work independently with multitasking.
• Excellent communication and interpersonal skills.
• Proficient in both written and spoken Arabic and English.
• Familiarity with Edaa settlement process.
• Familiarity with Fixed Income Products, including bonds, derivatives, and structured products.
• Experience in using Excel and Access will be an advantage.

Education

• Bachelor's degree holder.

Work Experience

• Over 7 years of experience in Brokerage Operations, with a strong investment banking background.
• Good working and implementation knowledge of Brokerage systems involving e-trading, with ideally prior experience participating in new system development.