Core Operations, SA

About the role We are seeking a Senior Associate to manage end to end post trade custody operations for the Saudi Arabia (KSA) market , covering securities settlement, cash & FX operational support, corporate actions and income, reconciliations, and onboarding/account setup Sunday to Thursday . This role requires strong familiarity with local market practices and a solid understanding of the KSA post trade ecosystem: trading on Saudi Exchange , clearing via Muqassa (CCP) , and depository/settlement via Edaa , with settlement cash movements supported through SAMA .

Key responsibilities (KSA-specific)

1. Clearing & settlement operations (Cash Market Equities / ETFs / Sukuk & Bonds as applicable)

• Manage settlement processing for Saudi Exchange transactions settling at Edaa , ensuring accurate, timely completion across relevant cycles (e.g., T+2 for normal exchange trades; negotiated deals T+0 T+5 ; buy ins T+0 , as applicable).
• Reconcile and validate trade/settlement obligations by aligning client instructions and broker confirmations with clearing outcomes (Muqassa) and settlement processing (Edaa); investigate and resolve exceptions promptly.
• Monitor settlement status proactively, manage potential fails, and follow KSA fails workflows noting that fails management procedures are defined and conducted by Muqassa , with Edaa rollover/cancellation and market-claim handling where applicable.
• Manage lifecycle of settlement instructions (including amendments/cancellations/partial settlement where permitted) in line with Edaa procedures and local cut offs.

2. Cash settlement & funding (SAMA)

• Ensure funding readiness for DvP settlement , understanding that KSA settlement is gross on the securities leg and netted on the cash leg , with cash settlement executed via SAMA settlement member accounts.
• Perform cash reconciliations linked to settlement activity; investigate breaks and drive timely resolution within cut offs.

3. FX operations (operational support)

• Process FX-related operational activities supporting settlement and client cash requirements (settlement-linked and standalone requests per operating model), validating confirmations and ensuring correct value dating and SSI usage.

4. Corporate actions, dividends & income

• Manage corporate actions and income events, ensuring accurate entitlements, timely postings, and robust reconciliations; coordinate vendor feeds and security setup with internal market data/static data teams as required.

5. Client onboarding & investor identification

• Support onboarding/account setup and documentation in line with Edaa account structures and membership rules; ensure correct capture/validation of investor identification in Edaa s framework (Investor Identification Number / Investor ID ).
• Support QFI onboarding requirements within the local custody/account operating model to ensure settlement readiness.

6. Messaging, controls & stakeholder management

• Use SWIFT ISO 15022 (MT) and exposure to ISO 20022 (MX) standards for settlement/reconciliation/corporate actions messaging with clients/custodians and market counterparts, supporting high STP and clean exception handling.
• Execute daily controls and checklists on time; ensure adherence to local cut offs and internal policies; escalate high risk/time sensitive issues with clear impact articulation.
• Partner with internal teams (Operations, Risk, Client Services) and external stakeholders (brokers, clearing/settlement participants, custodians, relevant market entities) to resolve issues and improve outcomes.

Desired Candidate Profile

Experience & preferred qualifications

Bachelor s degree (or above) in Finance, Accounting, or related field.

3 5 years experience in custody/post trade operations (KSA market experience strongly preferred).

Strong understanding of KSA post trade flow across Muqassa (clearing/CCP) and Edaa (CSD/settlement) , and the implications of T+2 and DvP cash settlement via SAMA .

Strong analytical/problem-solving skills, attention to detail, ability to work under strict cut-offs, and strong stakeholder management.