Senior Analyst, Settlement Processing

Northern Trust Corp.; Riyadh; On-site; SAR 40,000 - 80,000; Full time

Job summary

An established industry player is seeking a detail-oriented candidate to manage trade settlement processes and corporate actions within Custody Operations. This role involves overseeing cash and stock reconciliations, ensuring compliance, and maintaining strong relationships with stakeholders. The ideal candidate will possess a proactive approach, excellent communication skills in both Arabic and English, and a solid understanding of investment operations, particularly within the Saudi market. Join a dynamic team where your analytical and problem-solving skills will be valued and contribute to operational excellence.

Qualifications

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

Responsibilities

• Manage trade settlement processes and corporate actions.
• Oversee cash and stock reconciliations for compliance.
• Build relationships with internal stakeholders and counterparties.

Skills

Investment Operations

Custody Operations

Communication Skills (Arabic and English)

Multitasking

Analytical Skills

Problem-Solving Skills

Risk Management

Regulatory Frameworks

Job description

Reporting to the Custody Operations Team Lead, the candidate will manage trade settlement processes, corporate actions/income management, accounts opening, and 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. Oversee cash and stock reconciliations to ensure regulatory compliance.
4. Manage proxy voting activities with zero errors.
5. Maintain excellent relationships with internal stakeholders across locations to meet service level agreements.
6. Build and sustain relationships with various counterparties.
7. Analyze internal reports, raise queries, and ensure accurate and compliant client delivery.
8. Participate in custody operations meetings to develop expertise.
9. Resolve queries promptly within set standards and timeframes.
10. Provide documentation for audits, ensuring compliance and regulatory standards.
11. Assist in preparing monthly and quarterly KPIs.
12. Escalate issues appropriately and maintain clear communication channels.
13. Update operational procedures to reflect process changes.
14. Collaborate closely with the Local Depository.

Skills/Qualifications:

• Experience in investment operations, preferably custody operations, with knowledge of the Saudi market.
• Excellent communication skills in Arabic and English.
• Proactive approach with ownership of issues until resolution.
• Strong multitasking, analytical, and problem-solving skills, with good organization and time management.
• Understanding of risk management and regulatory frameworks.

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