Custody Manager
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Key skills for this role
About the Role
Who We Are: Alpaca is a US-headquartered self-clearing broker-dealer and brokerage infrastructure for stocks, ETFs, options, crypto, fixed income, 24/5 trading, and more. Our re.
Key Skills for This Role
Responsibilities
- Own and manage daily custody operations workflow including trade settlement, asset transfers, and position reconciliation
- Serve as primary point of contact with Edaa, Tadawul, custodian banks, and clearing entities
- Design and improve operational processes to increase efficiency and reduce risk in compliance with CMA requirements
- Lead corporate actions processing including dividends, rights issues, stock splits, mergers, and Zatka related distributions
- Collaborate with engineering and product teams to automate custody workflows
- Ensure compliance with CMA regulations and client asset segregation requirements
- Liaise with CMA and other Saudi regulatory bodies during audits, inspections, and reporting cycles
- Manage, mentor, and develop a team of custody operations professionals
Requirements
- Deep securities operations expertise within the Saudi or GCC market
- Experience managing end to end custody lifecycle
- Knowledge of CMA regulations and Saudi financial laws
- Experience with trade settlement, corporate actions, and reconciliation
- Ability to manage and mentor a team
Full Job Posting
Who We Are
- Alpaca is a US headquartered self clearing broker dealer and brokerage infrastructure for stocks, ETFs, options, crypto, fixed income, and more.
- Our recent Series D funding brought total investment to over $320 million.
- We serve hundreds of financial institutions across 40 countries with institutional grade APIs.
- Our global team of 380+ members spans the USA, Canada, Japan, Hungary, Nigeria, Brazil, the UK, and beyond.
Your Role
- As a Custody Manager, you will oversee safekeeping, settlement, and administration of client securities assets at Alpaca.
- You will manage the end to end custody lifecycle for Alpaca's brokerage and Trading API customers.
- You will work closely with Edaa, Tadawul, custodian banks, and internal stakeholders.
- We are looking for someone with deep securities operations expertise within the Saudi or GCC market.
Things You Get To Do
- Own and manage daily custody operations workflow including trade settlement (T+2), asset transfers, and position reconciliation across Saudi listed equities, Sukuk, and fixed income instruments.
- Serve as primary point of contact with Edaa, Tadawul, custodian banks, and clearing entities.
- Design and improve operational processes to increase efficiency, reduce risk, and support business growth in alignment with CMA requirements.
- Lead corporate actions processing including dividends, rights issues, stock splits, mergers, and Zatka related distributions.
- Collaborate with engineering and product teams to automate custody workflows and reduce manual touchpoints.
- Ensure compliance with CMA regulations, including Securities Business Regulations, Investment Funds Regulations, and client asset segregation requirements.
- Liaise with CMA and other Saudi regulatory bodies during audits, inspections, and reporting cycles.
- Manage, mentor, and develop a team of custody operations professionals.
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