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CIB Operations - Riyadh DCC Operations - Asset Services / Account Onboarding Processing Specialist - SAUDI Nationals Only

Req #: 180009133
Location: Riyadh, 01, SA
Job Category: Operations
Job Description:
CIB CAO EMEA Branch Operations
Saudi Arabia DCC Operations
Asset Services / Account On boarding Processing Specialist
 

About CIB EMEA Branch Operations

The EMEA Branches Operations organization was formed in 2013 to streamline the Markets, Investor Services, Banking and Global Treasury functional processing and to develop further 230+ staff across 17 countries, whilst continuing to offer exceptional client service, with 55+ products as well as adapting to regulatory and industry change. Saudi is a key location where we continue to grow and support the business developments.

About Saudi Arabia Direct Custody Operations

JP Morgan is growing its Direct Custody capabilities in Saudi Arabia through the local entity in the Kingdom, JP Morgan Saudi Arabia Ltd. The role requires an experienced Custody Operations Manager with proven local securities market experience and people management skills to support the implementation of new initiatives as well as to manage and lead the operations team responsible for the on-going support of the business. 
 
The role is suited to a motivated and innovative self-starter with the necessary skills and experience to drive change as well as to ensure an efficient and controlled operating model.  This includes defining and managing the operating model, technology requirements and business processes needed to facilitate the new business whilst maintaining a robust control environment

Key Responsibilities

 The primary responsibility of this position is to provide processing support for effective and efficient process delivery of Corporate Action & Account on-boarding in Custody Operations 
  1. Providing processing support and efficient process delivery for all corporate actions across different types of instruments like Equity, G-sec, Corporate Bonds and regulatory reporting
  2. Execute error free operations and identify and escalate any exceptions across processes including announcement, entitlement collection, proxy voting and reconciliation’s (stock & cash)
  3. Understand and manage account on-boarding documentation requirement and timely response to client enquiries
  4. Knowledge of SWIFT messaging
  5. Responsible to provide first level of supervision in the day to day management of business deliverables.
  6. Need to comply with firms policies and Standard Operating Procedures
  7. Exhibit effective communication with key stakeholders i.e. internal and external market participants
  8. Have flair to understand system, performing 'User Acceptance Test' will be preferable
 

Skills

  • Fluency in written and spoken English (Arabic competencies preferable)
  • Strong focus with business process improvement
  • Ability to effectively prioritize workloads and work to critical deadlines
  • Demonstrate Ownership and Accountability for Deliverables
  • Strong, confident communicator
  • Drive, Energy and Enthusiasm
  • Display high levels of integrity; operate on the basis of open and honest interaction
  • Results driven individual with a proven track record

Educational/Qualifications

  • Degree or equivalent preferred
  • Qualified CMA certification essential

Experience

  • 1-2 years trade settlement custody operations experience in KSA
  • Operating knowledge and good understanding of KSA Tadawul systems
  • Knowledge of MS-Office with proficiency in MS-Excel.
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