About the role

We are hiring an Assistant Vice President (AVP) to lead end‑to‑end post‑trade custody operations in Saudi Arabia, spanning clearing & settlement, cash & FX operational support, corporate actions/income, reconciliations, and client onboarding / account set‑up – Sunday to Thursday. You will drive service excellence, strong risk & control discipline, and regulatory adherence across the KSA post‑trade ecosystem: trading on Saudi Exchange, clearing via Muqassa (CCP), and depository/settlement via Edaa, with settlement cash movements supported through SAMA.

Why this role is important to us

State Street is one of the world’s largest global custodians, with over USD 51.7 trillion in AUC/A, and is executing a growth strategy that includes expanding direct market presence.

As part of this strategy, 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 to:

• Enabling scalable market entry and growth by delivering strong, controlled post‑trade operations aligned to local market infrastructure and rules.

• Ensuring a high-quality client experience through timely settlement, strong exception management, and robust controls as KSA market activity expands.

• Supporting the firm’s ability to deepen relationships with key institutional clients as the market evolves.

Key responsibilities (KSA market aligned)

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 processes and local cut‑offs.