Core Operations, AVP

About the role

Settlement and cash operations

• Own daily settlement processing for Saudi Exchange trades at Edaa; standard settlement is T+2, with negotiated deals from T+0 to T+5 where applicable.
• Validate client instructions, broker confirmations, and Muqassa clearing outcomes; resolve exceptions, breaks, fails, and aged items within market cut-offs.
• Manage permitted instruction amendments, cancellations, and partial handling, maintaining STP and robust controls.
• Ensure DvP funding readiness and oversee cash processing and reconciliations; investigate cash breaks and escalate time-critical issues.

FX, corporate actions and onboarding

• Support settlement and client cash FX needs, including confirmations, value dates, and SSIs.
• Manage corporate actions and income from event capture and entitlement validation through booking, posting, reconciliation, and issue resolution.
• Lead operational onboarding and Edaa account setup, partnering with Client Service, Compliance/KYC, and market counterparts for operational readiness.

Controls, leadership and analytics

• Own controls, reconciliations, evidence retention, audit-ready documentation, risk assessments, and operational risk management.
• Support internal and external audits; maintain messaging discipline. SWIFT MT experience is requested and ISO 20022 MX exposure is preferred.
• Lead and develop a small-to-mid-sized operations team, set objectives, coach performance, and build cross-coverage.
• Partner with brokers, custodians, market infrastructures, correspondent banks, and internal Ops, Risk, Technology, and Client teams.
• Drive continuous improvement, automation, and standardization aligned with regional and global operating models.
• Own post-trade KPI/MIS, daily dashboards, monthly senior-management packs, root-cause reporting, remediation plans, automation pipeline, and capacity planning.

Qualifications and experience

• Bachelor’s degree in Finance, Accounting, or a related discipline; a master’s degree or MBA is preferred.
• 10–12 years’ experience across settlement, custody operations, corporate actions, FX operations, and reconciliations.
• At least 3 years of people-management experience; KSA or Middle East experience is strongly preferred.
• Strong knowledge of post-trade risk and controls, exception management, and stakeholder communication.
• Working knowledge of SWIFT and market messaging; Bloomberg/Refinitiv and corporate-actions platform familiarity is advantageous.

Company context