Head of Custody Operations - KSA

🏢 Thndr · 📍 Riyadh Office · 💼 onsite · ⏰ FullTime

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Position Summary & Responsibilities

About The Role

We are looking for a Head of Custody Operations in Saudi. This person will set up and run

Thndr KSA’s trading, settlement, custody and funding operations in close collaboration with

Tadawul, the Securities Depository Center (Edaa), the Securities Clearing Center (Muqassa)

and other key stakeholders, and will be registered with the Capital Market Authority (CMA).

What You'll Do

Settlement and custody

• Oversee all aspects of trade settlement and custody operations.

• Manage the full trade life cycle, from execution to final settlement.

• Safeguard client assets and client money in line with CMA requirements.

• Run robust daily reconciliations with Edaa, Muqassa, custodian and bank records.

Operations build

• Build reliable operations that can scale with Thndr’s growth.

• Develop and implement operational policies and procedures.

• Automate processes to reduce manual errors.

Risk and compliance

• Keep up with market practice and regulation and make sure our operations stay compliant.

• Identify and assess operational risks and put controls in place to protect the company and its

clients.

What You'll Need

Experience

• 5+ years in securities operations, with a focus on custody and post-trade.

• Experience in the Saudi market, with hands-on knowledge of Tadawul, Edaa and Muqassa

processes.

• Experience leading an operations team at a CMA-licensed Capital Market Institution or

custodian.

CMA qualifications and registration

• Passed the CMA’s general qualification route: CME-1A and CME-1B

🎯 Candidate Preparation Guide For Thndr Applicants

Key Role Competencies & Evaluation Highlights

Key Role Focus:

Evaluates regulatory navigation, hyper-growth consumer fintech scaling, and the ability to build frictionless investment products for emerging markets.

📋 Preparation Priorities (Key Areas to Clarify):

1. Naivety regarding financial compliance and security risks.
2. Building products that lack local cultural resonance in target emerging markets.
3. Slow decision-making velocity in high-stakes financial operations.

✨ Recommended Role Alignment Hook:

I scale hyper-growth fintech products that make investing accessible, compliant, and frictionless for millions of everyday users.

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