Job Description

About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.

Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.

With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Role/ Department:

The candidate will manage trade settlement process, corporate actions/income management, accounts opening and any other operational activities to support Custody Operations.

The key responsibilities of the role include:

• Manage Middle Eastern Trade and Settlement activities.
• Have appropriate level of oversight on cash and stock reconciliations ensuring regulatory compliance
• Manage Proxy voting activity ensuring nil errors
• Maintain excellent working relationships with internal stakeholders, in various locations, to maximize delivery to our clients that meets the service level agreements
• Maintain relationships with different counterparties.
• Analyse internal reports received, raising appropriate queries, to ensure the delivery to clients is accurate and compliant with local regulation
• Participates in relevant custody operations related meetings with other locations to maintain and develop your subject matter expertise
• Resolve queries and/or take action on all queries with in set standard and timeframe.
• Deliver all required documentation and information to the auditors, facilitating smooth audit processes and ensuring compliance and regulatory standards.
• Participate in preparing monthly and quarterly KPIs.
• Escalate all issues where appropriate and ensure that all appropriate lines of communication are open at all times.
• Update operational procedures to reflect all changes in the process
• Work closely with Local Depository.

Skills/Qualifications:

The successful candidate will benefit from having:

• Proven experience in investment operations (custody operations is preferred) with fair knowledge of Saudi market –
• Excellent Arabic and English communication skills
• Proven proactive approach having ownership of issues until resolution
• Ability to Multitask with Analytical/problem solving through organization and time management
• Good risk management and regulations knowledge/understanding
• The ability to operate within a team
  

Working with Us

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.

Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com, or alternatively you can discuss your individual requirements with the recruiter you are working with.