Remote Custody Operations Lead — Saudi Markets

Social Leverage LLC; Saudi Arabia; Remote; SAR 300,000 - 520,000; Full time

Benefits offered by this job

Competitive Salary & Stock Options

New Hire Home-Office Setup: One-time $

Monthly Stipend: USD $150 per month

Job summary

Alpaca is seeking a Custody Manager to oversee safekeeping, settlement, and administration of client securities within the Saudi market, ensuring the safety and integrity of customer holdings across CMA-regulated flows.

As part of the Operations team, you will manage end-to-end custody lifecycle for Alpaca’s brokerage and Trading API customers, collaborating with Edaa, Tadawul, custodian banks, and internal stakeholders to maintain compliant, scalable custody operations aligned with Saudi Vision

Qualifications

• 7+ years of experience in securities custody, clearing, or brokerage operations, preferably within the Saudi or GCC capital markets.
• Strong knowledge of Edaa depository services, Tadawul settlement processes, and the Saudi securities lifecycle.
• Deep understanding of CMA regulations, including the Securities Business Regulations, AML rules, and client asset protection requirements.
• Familiarity with Saudi-listed asset classes including equities, Sukuk, ETFs, REITs, and government bonds.
• Excellent communication and collaboration skills in both Arabic and English, with the ability to work across technical and non-technical teams.
• Experience managing reconciliation processes and investigating and resolving settlement breaks.
• Proven ability to build, document, and improve operational procedures in a regulated environment.
• Strong attention to detail and a risk-aware mindset.
• Experience managing or mentoring a team.

Responsibilities

• Own and manage the daily custody operations workflow, including trade settlement (T+2), asset transfers, and position reconciliation across Saudi-listed equities, Sukuk, and fixed-income instruments.
• Serve as the primary point of contact with the Securities Depository Center (Edaa), the Saudi Exchange (Tadawul), custodian banks, and clearing entities
• Design and improve operational processes to increase efficiency, reduce risk, and support business growth in alignment with CMA requirements
• Lead corporate actions processing, including dividends, rights issues, stock splits, mergers, and Zatka-related distributions
• Collaborate with engineering and product teams to automate custody workflows and reduce manual touchpoints
• Ensure compliance with CMA regulations, including the Securities Business Regulations, the Investment Funds Regulations, and client asset segregation requirements
• Liaise with the CMA and other Saudi regulatory bodies during audits, inspections, and reporting cycles
• Manage, mentor, and develop a team of custody operations professionals

Skills

Arabic Language

Collaboration

Financial Regulations

Process Improvements

Regulatory Compliance

Risk Management

Team Management

Job description

Alpaca is seeking a Custody Manager to oversee safekeeping, settlement, and administration of client securities within the Saudi market, ensuring the safety and integrity of customer holdings across CMA-regulated flows.

As part of the Operations team, you will manage end-to-end custody lifecycle for Alpaca’s brokerage and Trading API customers, collaborating with Edaa, Tadawul, custodian banks, and internal stakeholders to maintain compliant, scalable custody operations aligned with Saudi Vision