Core Operations, SA

About the Role

KSA Market Coverage

Clearing and Settlement

• Process settlement for Saudi Exchange equities, ETFs, Sukuk, and bonds as applicable through Edaa.
• Reconcile and validate trade and settlement obligations against client instructions, broker confirmations, Muqassa outcomes, and Edaa processing.
• Monitor settlement status, manage potential fails, and follow KSA fails workflows.
• Manage settlement instruction amendments, cancellations, and partial settlement in line with Edaa procedures and local cut-offs.

Cash, FX, and Income

• Ensure funding readiness for DvP settlement and perform cash reconciliations linked to settlement activity.
• Process FX-related operational activities, validate confirmations, and ensure correct value dating and SSI usage.
• Manage corporate actions and income events, including entitlements, postings, reconciliations, vendor feeds, and security setup.

Onboarding and Controls

• Support client onboarding, account setup, investor identification, and QFI onboarding requirements.
• Use SWIFT ISO 15022 and exposure to ISO 20022 for settlement, reconciliation, and corporate actions messaging.
• Execute daily controls and checklists, meet local cut-offs, follow internal policies, and escalate high-risk issues.
• Coordinate with internal teams and external market stakeholders to resolve issues and improve outcomes.

Experience and Qualifications

• Bachelor’s degree or above in Finance, Accounting, or a related field.
• Three to five years of experience in custody or post-trade operations.
• Experience in the KSA market is strongly preferred.
• Strong understanding of KSA post-trade flows across Muqassa and Edaa, including T+2 and DvP cash settlement via SAMA.
• Strong analytical and problem-solving skills, attention to detail, and ability to work under strict cut-offs.
• Strong stakeholder management skills.

About State Street