About the Role / About the Job
This position is responsible for the daily monitoring and processing of settlement processes across domestic, regional, and international markets, including equities, mutual funds, fixed income, hedge funds, structured funds, ETFs, local and international securities lending and borrowing, and local market short selling. The role ensures the highest quality of client service delivery in accordance with international standards.
The incumbent will handle complex settlement transactions across various markets, process client and market/sub-custodian instructions, validate their correctness, and ensure timely matching and settlement. Strong communication skills are essential for liaising with clients, counterparties, regulators, and other stakeholders. The role also involves cash management to facilitate smooth settlements and requires active participation in various operational projects related to settlement processing and market regulations.
Ready to apply for roles like this?
Unlock the company name and direct application link. Subscribers get instant access to fresh jobs across Dubai, Abu Dhabi and Riyadh, many with visa support.
Unlock employer & apply directly
Key Responsibilities
- Monitor and process settlements for domestic, regional, and international markets, ensuring high-quality client service.
- Handle complex settlement transactions and validate correctness of all instructions.
- Track and respond to internal and external client queries, providing detailed settlement information.
- Communicate with various stakeholders (markets, sub-custodians, brokers, etc.) to ensure timely settlements.
- Maintain excellent knowledge of settlement processes, SWIFT messages, and best practices.
- Participate in system upgrades, changes, and new client implementations.
- Review client positions and reconcile holdings with sub-custodians to mitigate discrepancies.
- Validate and sign off on cash/FX transactions and ensure appropriate accounting entries.
- Monitor transaction processing against compliance and audit standards.
- Assist in preparing timely and accurate departmental reports.
- Propose improvements to enhance client satisfaction and reduce manual activities.
- Ensure adherence to established quality control measures and compliance requirements.
- Participate in risk management to prevent reputational, financial, and operational risks.
Requirements / Qualifications
- University Graduate or bachelor’s degree (or 5 years of related work experience).
- 5+ years of experience in security services and/or back-office operations, including settlements and corporate actions.
- Solid understanding of security services, operations, and accounting related to these functions.
- Ability to work under pressure, prioritize tasks, and manage multiple responsibilities simultaneously.
- Team-oriented with strong execution skills in a fast-paced environment.
- Excellent communication and interpersonal skills, with attention to detail.
- Self-starter with a proactive attitude.
Preferred / Beneficial
- Specific experience in securities functions such as settlement, client services, corporate actions, data maintenance, billing, or custody account opening.
Benefits
- Participate in a comprehensive range of learning and development initiatives to support employee growth.
- Enjoy a work environment that embraces diversity and values contributions from team members.
- Engage in a culture that promotes career progression and recognizes hard work and dedication.
