Custody Operations Specialist

Propel Consult

Saudi Arabia

Ref: LP127-1001

Job description / Role

Employment: Full Time

Our client is an investment bank in Riyadh. They provide a variety of services including Asset Management, Wealth Management, Investment Banking, and Brokerage Services. They are currently looking to recruit a Custody Operations Specialist

Duties & Responsibilities:
- Account opening
- Clearing & Settlement
- Cash & forex management
- Safekeeping & position keeping
- Corporate actions management & reporting
- Transactions & portfolio reporting
- Fee Billing / Invoicing
- Tax / Zakat services
- Proxy Services
- Reconciliation
- MIS & Other Reporting
- Filing & archiving
- Effective handling of client & counterparty interface / communications including via SWIFT, FTP Links, Email, Fax, Telephone, etc.
- Implement key control standards to enforce a controlled environment to cover the Operational and reputational Risk.
- With regard to policies and procedures, ensure adherence to internal / external rules & guidelines.
- Coordinate with IT & other departments in relation to the day-to-day functions and to solve day-to-day issues with respect to the area of responsibility or as directed by the manager.
- Handle enquires and complaints received from different business owners / clients / counterparties and resolve all the issues urgently and professionally.
- Provide all assistance that may be needed in running the Department smoothly and professionally

Requirements

- University degree in Economics / Business Administration / Finance or Accounting
- Over 5 years of related experience in leading financial institution
- Written and oral communications skills in English & Arabic
- You must be Saudi National

About the Company

Propel Consult delivers a service in step with the needs of both our client companies and candidates. Our ability to add value to all levels of recruitment stems from our wholehearted belief in providing a professional service to both parties. We have built relationships with many leading indigenous and mulitnational organisations throughout the Middle East and internationally in countries such as UAE, Qatar, Saudi Arabia, Oman, Bahrain, Kuwait, Egypt and many more. Concentrating our resources has created 5 distinct specialist divisions:

  • Banking & Finance
  • Human Resources
  • Oil & Gas
  • Construction
  • Architecture & Engineering

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