Core Operations AVP

ކުރަންޖެހޭ މަސައްކަތް

About the Role State Street Corporation is seeking an Assistant Vice President (AVP) for Core Operations. This full-time role involves leading end-to-end post-trade custody operations in Saudi Arabia, operating from Sunday to Thursday. The AVP will ensure service excellence, strong risk and control discipline, and regulatory adherence across the Saudi post-trade ecosystem, including trading on Saudi Exchange, clearing via Muqassa (CCP), and depository/settlement via Edaa, with cash movements supported through SAMA. Role Context and Importance State Street is a global custodian with over USD * trillion in AUC/A, executing a growth strategy that includes expanding direct market presence. The Kingdom of Saudi Arabia (KSA) is a priority market, supported by Vision 2030 reforms, increasing foreign participation, and strong institutional demand. This role is critical for enabling scalable market entry and growth by delivering controlled post-trade operations aligned with local market infrastructure and rules, ensuring a high-quality client experience, and supporting the firm’s ability to deepen client relationships. Key Responsibilities Lead end-to-end post-trade custody operations, covering clearing & settlement, cash & FX operational support, corporate actions/income, reconciliations, and client onboarding/account set-up. Drive service excellence, risk & control discipline, and regulatory adherence within the KSA post-trade ecosystem. Own daily settlement processing for Saudi Exchange trades, settling at Edaa in line with market cycles (standard T+2; negotiated deals T+0 to T+5, where applicable). Reconcile and validate client instructions, broker confirmations, and Muqassa clearing outcomes, proactively resolving exceptions and breaks. Monitor fails, manage aged items, and coordinate remediation according to Muqassa fails management processes and local cut-offs. Manage instruction lifecycle, including amendments, cancellations, and partial handling where permitted, while maintaining robust STP and control checks. Operational Analytics and Reporting Build and maintain Key Performance Indicators (KPIs) and Management Information Systems (MIS) for post-trade performance, including Straight-Through Processing (STP), settlement timeliness, fail rates, aged breaks, cash funding accuracy, FX confirmation timeliness, corporate action accuracy, and reconciliation break rates. Produce daily dashboards and monthly senior management packs detailing trends, root causes, remediation plans, and automation pipelines. Conduct capacity/utilization and coverage planning aligned with local market operating days (Sunday–Thursday coverage considerations). Qualifications and Experience Candidates should possess 10-12 years of experience in a relevant field. The role requires a strong understanding of post-trade custody operations, clearing and settlement processes, and regulatory requirements within the financial services industry, particularly in the Saudi Arabian market. Work Environment This is a full-time position within State Street Corporation, focusing on operations in Saudi Arabia. The work schedule is Sunday to Thursday, aligning with local market operating days.