Core Operations, AVP

State Street

1) Clearing & Settlement (Equities, ETFs, Sukuk/Bonds)

• Own daily settlement processing for Saudi Exchange trades, settling at Edaa in line with market cycle (standard T+2; negotiated deals T+0 to T+5, where applicable).

• Reconcile and validate client instructions, broker confirmations and Muqassa clearing outcomes; proactively resolve exceptions and breaks.

• Monitor fails, manage aged items, and coordinate remediation per Muqassa fails management processes and local cut offs.

• Manage instruction lifecycle (amend/cancel/partial handling where permitted) and maintain robust STP and control checks.

2) Cash & Funding (DvP / SAMA-linked settlement)

• Ensure funding readiness for DvP settlement and oversee cash settlement processing and reconciliations. (KSA market practice: securities settle gross; cash settles net via SAMA-linked settlement accounts).

• Investigate and clear cash breaks within cut offs; escalate time critical issues with clear impact articulation.

3) FX Operations (Operational Support)

• Support FX activities required for settlement and client cash needs (confirmations, value dates, SSIs); drive timeliness and exception reduction.

4) Corporate Actions, Dividends & Income

• Manage end to end asset servicing: event capture, entitlement validation, booking/posting, reconciliations, and issue resolution with internal partners and vendors.

5) Client Onboarding / Account Set Up (Edaa structures)

• Lead operational onboarding to ensure accounts are set up correctly to be settlement ready (including Edaa account structures and investor identifiers required for local processing).

• Partner with Client Service, Compliance/KYC and market counterparts to deliver smooth go lives and operational readiness.

6) Controls, Governance & Audit Readiness

• Own daily controls, reconciliations, evidence retention and audit ready documentation; support internal/external audits and risk assessments.

• Maintain strong messaging discipline and operational risk management; experience with SWIFT MT and exposure to ISO 20022 MX preferred.

7) Leadership & Stakeholder Management

• Lead and develop a small to mid sized operations team; set objectives, coach performance and build cross coverage/skills resilience.

• Act as an escalation point and trusted partner for brokers, custodians, market infrastructures, correspondent banking partners and internal stakeholders (Ops, Risk, Technology, Client).

• Drive continuous improvement, automation, and standardization aligned to regional and global operating model.

Operational analytics & reporting (streamlined)

• Build and own KPI/MIS for post trade performance (e.g., STP, settlement timeliness, fail rate, aged breaks, cash funding accuracy, FX confirmation timeliness, corporate action accuracy, reconciliation break rate).

• Produce daily dashboards and monthly senior management packs (trends, root cause, remediation plan, automation pipeline).

• Run capacity/utilization and coverage planning aligned to local market operating days (Sunday Thursday coverage considerations).