Ref: RP532-05

Job description / Role

Employment: Full Time

Chief Executive Officer – Saudi Arabia (Riyadh)

• The CEO of The Northern Trust Company of Saudi Arabia (TNTCoSA) has formal oversight and accountability for all activities carried out in Saudi.
• The CEO is the representative for the office (the Company) and all its activities, both internally as well as externally with clients and consultants.
• The CEO will engage with management and representatives within Northern Trust to ensure alignment and connectivity on all matters.
• The CEO will be the ‘face’ of Northern Trust in Saudi, focused on developing business, media and public relations engagement and deepening relationship with executives and senior business executives.

The key responsibilities of the role include
• Lead contact and responsible for the local regulator(s) and the interface into Northern Trust EMEA’s regulatory teams.
• Responsible for setting, owning and executing the strategy across Saudi Arabia’s clients, products and services.
• Accountable for business development, media and public relationships and deepening relationships with executives and senior business executives through regular engagements.
• Accountable for all aspects of local HR management across relevant IIG teams.
• Management of all aspects of Saudi businesses (includes operational/ fiduciary activities). Including; management of P&L, balance sheet, capital and liquidity with a forward looking perspective and owning client profitability/product/business unit profitability.
• Responsible for building the business for the long term across a broad spectrum of products, segments, business lines.
• Execution of targets / responsibilities – Northern Trust Asset Management and Wealth Management.
• Assumes accountability for financial and staffing resources, including developing and managing capital and expense budgets, liaising cross-function to improve efficiency, effectiveness and productivity.
• Assumes full accountability for the performance and profitability of the area as compared to the plan.
• Abides by all regulatory requirements, including the regulator’s Conduct Rules.
• Accountable for the performance management and career development programs for Northern Partners ensuring that all corporate policies and procedures are administered consistently.

Requirements

Knowledge/Skills
• An understanding of all business lines, market trends and opportunities.
• An awareness and understanding of local regulation and laws impacting clients and Northern Trust’s various business activities.
• Good interpersonal skills and ability to engage locally and globally.
• A broad understanding of general business management.
• Strong business development skills and disciplines.

About Northern Trust
• For more than a century, Northern Trust has worked hard building our legacy of outstanding service, expertise and integrity. From a Chicago-based bank founded in 1889, we now have more than 20 international locations and 18,500 employees globally. We serve the world’s most-sophisticated clients – from sovereign wealth funds and the wealthiest individuals and families, to the most-successful hedge funds and corporate brands.
• We burnished our reputation as a global leader delivering innovative investment management, asset and fund administration, fiduciary and banking solutions enabled by sophisticated, leading technology. And through it all, we continually laid a solid, forward-looking foundation on which future generations can continue growing and achieving greater.
• Northern Trust proudly cultivates a diverse workforce, to serve our diverse client base. We strongly believe that diversity of experience contributes to a broader collective perspective that will consistently lead to a better company. We encourage applications from the best regardless of ethnicity, gender, gender identity, age, nationality, disability, sexual orientation, education, socio-economic background, parental and caring status, or religion.

As of September 30, 2018, Northern Trust Corporation had:
• $10.8 trillion in assets under custody/administration
• $8.2 trillion in assets under custody
• $1.2 trillion in assets under management
• $132 billion in banking assets

About the Company

For more than a century, Northern Trust has worked hard building our legacy of outstanding service, expertise and integrity. Founded in Chicago in 1889, Northern Trust has offices in the United States in 19 states and Washington, D.C., 23 international locations in Canada, Europe, the Middle East and the Asia-Pacific region, and 18,100 employees globally. We serve the world's most-sophisticated clients - from sovereign wealth funds and the wealthiest individuals and families, to the most-successful hedge funds and corporate brands.

Our guiding principles not only survived but thrived during the Great Depression, two world wars and the 2008 financial crisis. We burnished our reputation as a global leader delivering innovative investment management, asset and fund administration, fiduciary and banking solutions enabled by sophisticated, leading technology. And through it all, we continually laid a solid, forward-looking foundation on which future generations can continue growing and achieving greater.

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Chief Executive Officer salaries in Saudi Arabia

Average monthly compensation
SAR 62,000

Breakdown available for industries, cities and years of experience