Custody Manager

🕒 April 7

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Alpaca

WebsiteLinkedInAll Job Openings

201 - 500 employees

🔌 API

💳 Fintech

₿ Crypto

API • Fintech • Crypto

Alpaca is a fintech company that provides a comprehensive brokerage and trading platform through a suite of APIs. These APIs enable developers and businesses to integrate algorithmic trading, app development, and embedded investing into their services. Alpaca offers services like trading in US stocks, ETFs, and cryptocurrency with options for local currency transactions. The company is recognized for its cyber security practices and is a member of FINRA and SIPC. Alpaca is ideal for fintech startups, broker-dealers, hedge funds, and other financial services looking to build sophisticated trading applications and platforms with minimal friction through their well-documented Broker API.

📋 Description

• Own and manage the daily custody operations workflow, including trade settlement (T+2), asset transfers, and position reconciliation across Saudi-listed equities, Sukuk, and fixed-income instruments • Serve as the primary point of contact with the Securities Depository Center (Edaa), the Saudi Exchange (Tadawul), custodian banks, and clearing entities • Design and improve operational processes to increase efficiency, reduce risk, and support business growth in alignment with CMA requirements • Lead corporate actions processing, including dividends, rights issues, stock splits, mergers, and Zatka-related distributions • Collaborate with engineering and product teams to automate custody workflows and reduce manual touchpoints • Ensure compliance with CMA regulations, including the Securities Business Regulations, the Investment Funds Regulations, and client asset segregation requirements • Liaise with the CMA and other Saudi regulatory bodies during audits, inspections, and reporting cycles • Manage, mentor, and develop a team of custody operations professionals

🎯 Requirements

• 7+ years of experience in securities custody, clearing, or brokerage operations, preferably within the Saudi or GCC capital markets • Strong knowledge of Edaa depository services, Tadawul settlement processes, and the Saudi securities lifecycle • Deep understanding of CMA regulations, including the Securities Business Regulations, Anti-Money Laundering (AML) rules, and client asset protection requirements • Familiarity with Saudi-listed asset classes including equities, Sukuk, ETFs, REITs, and government bonds • Excellent communication and collaboration skills in both Arabic and English, with the ability to work across technical and non-technical teams • Experience managing reconciliation processes and investigating and resolving settlement breaks • Proven ability to build, document, and improve operational procedures in a regulated environment • Strong attention to detail and a risk-aware mindset • Experience managing or mentoring a team

🏖️ Benefits

• Competitive Salary & Stock Options • Health Benefits • New Hire Home-Office Setup: One-time USD $500 • Monthly Stipend: USD $150 per month via a Brex Card