Custody Manager

1 hour, 22 minutes ago
Full-time
Senior
Operations
Alpaca

Alpaca

Alpaca is a developer-first API for stock and crypto trading, offering easy-to-use APIs for building apps and trading algorithms.

Capital Markets
51-250
Founded 2015
$87M raised

Description

  • Own and manage the daily custody operations workflow, including trade settlement, asset transfers, and position reconciliation.
  • Serve as the 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.
  • Lead corporate actions processing, including dividends, rights issues, stock splits, mergers, and related distributions.
  • Collaborate with engineering and product teams to automate custody workflows and reduce manual touchpoints.
  • Ensure compliance with CMA regulations, client asset segregation requirements, and other applicable Saudi financial laws.
  • Liaise with the CMA and other regulatory bodies during audits, inspections, and reporting cycles.
  • Manage, mentor, and develop a team of custody operations professionals.

Requirements

  • 7+ years of experience in securities custody, clearing, or brokerage operations, preferably within the Saudi or GCC capital markets.
  • Strong knowledge of Edaa depository services, Tadawul settlement processes, and the Saudi securities lifecycle.
  • Deep understanding of CMA regulations, including the Securities Business Regulations, AML rules, and client asset protection requirements.
  • Familiarity with Saudi-listed asset classes including equities, Sukuk, ETFs, REITs, and government bonds.
  • Excellent communication and collaboration skills in both Arabic and English.
  • Experience managing reconciliation processes and investigating and resolving settlement breaks.
  • Proven ability to build, document, and improve operational procedures in a regulated environment.
  • Strong attention to detail and a risk-aware mindset.
  • Experience managing or mentoring a team.
  • CME-1 (Certified Market Expert) or other CMA-recognized professional certifications is preferred.
  • Experience with QFI programs or Swap arrangements on Tadawul is preferred.
  • Experience at a fintech, startup, or CMA-authorized institution is preferred.
  • Familiarity with APIs, automation tooling, or working closely with engineering teams is preferred.
  • Experience or understanding of digital asset custody and blockchain-based securities is preferred.
  • Knowledge of Saudi Vision 2030 financial sector development initiatives and CSDI reforms is preferred.
  • Experience working remotely or in a hybrid environment is preferred.

Benefits

  • Competitive salary with stock options.
  • Health benefits.
  • One-time USD $500 new hire home-office setup allowance.
  • USD $150 monthly stipend via a Brex Card.

Interested in this position?

Apply directly on the company website

Apply Now

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