Head of Custody Operations - KSA

ABOUT THE ROLE

We are looking for a Head of Custody Operations in Saudi. This person will set up and run

Thndr KSA's trading, settlement, custody and funding operations in close collaboration with

Tadawul, the Securities Depository Center (Edaa), the Securities Clearing Center (Muqassa)

and other key stakeholders, and will be registered with the Capital Market Authority (CMA).

WHAT YOU'LL DO

Settlement and custody

• Oversee all aspects of trade settlement and custody operations.
• Manage the full trade life cycle, from execution to final settlement.
• Safeguard client assets and client money in line with CMA requirements.
• Run robust daily reconciliations with Edaa, Muqassa, custodian and bank records.

Operations build

• Build reliable operations that can scale with Thndr's growth.
• Develop and implement operational policies and procedures.
• Automate processes to reduce manual errors.

Risk and compliance

• Keep up with market practice and regulation and make sure our operations stay compliant.
• Identify and assess operational risks and put controls in place to protect the company and its

clients.

WHAT YOU'LL NEED

Experience

• 5+ years in securities operations, with a focus on custody and post-trade.
• Experience in the Saudi market, with hands-on knowledge of Tadawul, Edaa and Muqassa

processes.

• Experience leading an operations team at a CMA-licensed Capital Market Institution or

custodian.

CMA

qualifications

and registration

• Passed the CMA's general qualification route: CME-1A and CME-1B, or an exemption granted

by the CMA. Holders of the CMA's previous-series qualification certificates for this function

qualify without retaking the exams. Both must be passed before CMA registration.

• Eligible for registration with the CMA as a Registered Person under the Capital Market

Institutions Regulations, including meeting the CMA's fit-and-proper criteria (skills, experience,

competence and integrity).

• Resident in the Kingdom of Saudi Arabia (a requirement for CMA Registered Persons), or

willing to relocate.

Skills

• A passion for…