Senior Analyst, Settlement Processing

Northern Trust; Riyadh; On-site; SAR 200,000 - 300,000; Full time

Job summary

An established industry player is seeking a detail-oriented professional to manage trade settlements and corporate actions within Custody Operations. This role involves ensuring compliance with local regulations, maintaining strong relationships with internal stakeholders, and delivering accurate documentation for audits. The ideal candidate will thrive in a collaborative environment and possess a proactive approach to problem-solving. Join a forward-thinking organization that values flexibility and community involvement, and take the next step in your career with a company committed to excellence and innovation.

Qualifications

• Experience in investment operations with knowledge of the Saudi market.
• Excellent communication skills in Arabic and English.

Responsibilities

• Manage trade settlement process and corporate actions for Custody Operations.
• Maintain relationships with stakeholders and counterparties.

Skills

Investment Operations

Custody Operations

Arabic Communication

English Communication

Analytical Skills

Problem Solving

Time Management

Risk Management Knowledge

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:

Reporting to Custody Operations Team Lead. The candidate will manage trade settlement process, corporate actions/income management, accounts opening and any other operational activities to support Custody Operations.

The key responsibilities of the role include:

1. Trade/Settlement
2. Manage Middle Eastern Trade and Settlement activities.
3. Have appropriate level of oversight on cash and stock reconciliations ensuring regulatory compliance.
4. Manage Proxy voting activity ensuring nil errors.
5. Maintain excellent working relationships with internal stakeholders, in various locations, to maximize delivery to our clients that meets the service level agreements.
6. Maintain relationships with different counterparties.
7. Analyse internal reports received, raising appropriate queries, to ensure the delivery to clients is accurate and compliant with local regulation.
8. Participates in relevant custody operations related meetings with other locations to maintain and develop your subject matter expertise.
9. Resolve queries and/or take action on all queries within set standard and timeframe.
10. Deliver all required documentation and information to the auditors, facilitating smooth audit processes and ensuring compliance and regulatory standards.
11. Participate in preparing monthly and quarterly KPIs.
12. Escalate all issues where appropriate and ensure that all appropriate lines of communication are open at all times.
13. Update operational procedures to reflect all changes in the process.
14. Work closely with Local Depository.

Skills/Qualifications:

• Experience in investment operations (custody operations is preferred) with fair knowledge of Saudi market.
• Excellent Arabic and English communication skills.
• Proven proactive approach having ownership of issues until resolution.
• Ability to multitask with analytical/problem solving through organization and time management.
• Good risk management and regulations knowledge/understanding.
• The ability to operate within a team.

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.

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.

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.