Custody Analyst

2 weeks ago

Riyadh, Ar Riyāḑ, Saudi Arabia Northern Trust Corp. Full time

About Northern Trust:


Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.


Northern Trust is proud to provide innovative financial services and guidance to the world's most successful individuals, families and institutions by remaining true to our enduring principles of service, expertise and integrity.

With more than 130 years of financial experience and over 22,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.


Role/ Department:


Reporting to Custody Operations team leaders, the Custody Operations Analyst manages the account operator model on a day to day basis coordinating with our agents.

The Analyst supports trade settlement process, corporate actions/income management, accounts administration and any other operational activities to support Custody Operations.


The key responsibilities of the role include:

  • Maintain the Account Operator model on a daily basis and Run daily/weekly client money and assets reconciliation, investigate and resolve any breaks, and escalate to team leaders as and when required.
  • Identify and report all trade mismatches, and coordinate with all stakeholders to resolve all issues and Monitor and report all cash shortfall/excess, and coordinate with all stakeholders to resolve all issues.
  • Reconcile brokerage amounts and ensure the settlement account is zero prior to the next settlement cycle beginning.
  • Escalate all issues where appropriate and ensure that all appropriate lines of communication are open at all times
  • Review and validate all new accounts documentation and work with relevant stakeholders to address any missing documentation and work closely with Edaa, internal NT teams, Account Operator and Bank to open and setup new accounts and manage transition assets ensuring activities are completed in a timely and efficient manner.
- maintain any account maintenance required

  • Review and keep track of all corporate actions and income events on a daily basis and Ensure all corporate actions and income events are captures, recorded and settled successfully. Provide statistics and related commentary as required and Own the resolution of all queries relating to events
  • Review and update operational procedures to reflect all changes in the process and Ensure that the SLA / KPIs are being performed in a timely manner
  • Undertake ad hoc assignment as directed by line manager

Skills/ Qualifications:

  • Excellent English communication skills
  • Ability to multitask with excellent problem solving skills
  • Proven proactive approach having ownership of issues until resolution
  • Analytical and problem solving through organization and time management
  • Good risk management and regulation knowledge/management
  • The ability to operate independently or within a team

Educational Background

  • University graduate with relevant degree (Finance or Business Administration is preferred)
  • Language Requirements
  • He/she will preferably be fluent in English and Arabic.

Working with Us:

As a Northern Trust partner, greater achievements await.

You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve Join a workplace with a greater purpose.


Reasonable accommodation:
We hope you're excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

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