Core Operations AVP

About the Role

State Street Corporation is seeking an Assistant Vice President (AVP) for Core Operations. This full-time role involves leading end-to-end post-trade custody operations in Saudi Arabia, operating from Sunday to Thursday. The AVP will ensure service excellence, strong risk and control discipline, and regulatory adherence across the Saudi post-trade ecosystem, including trading on Saudi Exchange, clearing via Muqassa (CCP), and depository/settlement via Edaa, with cash movements supported through SAMA.

Role Context and Importance

State Street is a global custodian with over USD * trillion in AUC/A, executing a growth strategy that includes expanding direct market presence. 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 for enabling scalable market entry and growth by delivering controlled post-trade operations aligned with local market infrastructure and rules, ensuring a high-quality client experience, and supporting the firm’s ability to deepen client relationships.

Key Responsibilities

• Lead end-to-end post-trade custody operations, covering clearing & settlement, cash & FX operational support, corporate actions/income, reconciliations, and client onboarding/account set-up.
• Drive service excellence, risk & control discipline, and regulatory adherence within the KSA post-trade ecosystem.
• Own daily settlement processing for Saudi Exchange trades, settling at Edaa in line with market cycles (standard T+2; negotiated deals T+0 to T+5, where applicable).
• Reconcile and validate client instructions, broker confirmations, and Muqassa clearing outcomes, proactively resolving exceptions and breaks.
• Monitor fails, manage aged items, and coordinate remediation according to Muqassa fails management processes and local cut-offs.
• Manage instruction lifecycle, including amendments, cancellations, and partial handling where permitted, while maintaining robust STP and control checks.

Operational Analytics and Reporting

• Build and maintain Key Performance Indicators (KPIs) and Management Information Systems (MIS) for post-trade performance, including Straight-Through Processing (STP), settlement timeliness, fail rates, aged breaks, cash funding accuracy, FX confirmation timeliness, corporate action accuracy, and reconciliation break rates.
• Produce daily dashboards and monthly senior management packs detailing trends, root causes, remediation plans, and automation pipelines.
• Conduct capacity/utilization and coverage planning aligned with local market operating days (Sunday–Thursday coverage considerations).

Qualifications and Experience

Candidates should possess 10-12 years of experience in a relevant field. The role requires a strong understanding of post-trade custody operations, clearing and settlement processes, and regulatory requirements within the financial services industry, particularly in the Saudi Arabian market.

Work Environment

This is a full-time position within State Street Corporation, focusing on operations in Saudi Arabia. The work schedule is Sunday to Thursday, aligning with local market operating days.