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Operations Manager

2 weeks ago

Riyadh, Saudi Arabia Bank of America Full time

**Job Title**:Operations Manager

**LOB**:Global Markets Operations

**Corporate Title**:Vice President

**Location**: Riyadh, Saudi Arabia

This position, based in Riyadh, involves supporting our Global Markets Equities, Investment Banking and Private Wealth Management businesses.

This management position will play a key role in the development and ongoing ‘Operations’ of the Riyadh office. He/she will report locally into the CEO of Saudi Arabia and then from a function perspective into the Client Operational Service head of EMEA branches. The Riyadh based team that

this role will support will be a small unit of experienced professionals with plans in place to help grow the business locally.

Responsibilities will include but not limited to:

- Manage local operations function in conjunction with the regional head office
- Ongoing administration and management of the local operations function
- Manage the production of accurate and timely daily, monthly, quarterly and year end reports for the Bank and the Regulators
- Take accountability and responsibility for core Operations functions which will include:

- Transaction lifecycle management
- Reconciliations
- Management Reporting
- Corporate Actions
- Funding
- Exchange and Regulator Communications
- Product enhancement and development
- Problem management and escalation
- Develop operation plan(s) for the location.
- Evaluate current methods and strategies and implement changes and improvements.
- Develop effective working relationships with colleagues in other parts of the business and in other geographies.
- Act as the primary local Operations liaison and maintain relationships with external organizations i.e. local suppliers, local regulators, auditors and advisors
- Work in conjunction with the Compliance Officer to ensure ongoing compliance to regulatory reporting requirements

The job description and responsibilities listed are not all inclusive. Responsibilities and accountabilities remain flexible depending on business needs, and will change as required.

**Core Skills**:
This is a mandatory role requirement as per CMA stipulations. The CMA will review the Operations Manager qualifications and experience.

As a consequence we are looking for someone who has:

- A graduate degree (preferably in Business)
- Considerable banking experience (min 2-5 years) gained within a regulated financial institution in a global investment bank.

**Person Specifications**:

- 5 years+ experience of working and managing in an Operations function for a financial institution.
- Previous experience of working within Saudi Arabia is essential
- Fluency in English is essential, Arabic is highly advantageous.
- Must be a self-starter, with a can-do attitude, committed and hard working.

It is expected that the individual will be a practical, hands on type of person and due to the size of team and business, the team will be responsible for the delivery of all day-to-day Operations related responsibilities. The team should be flexible, adaptable, and prepared to help on occasion to take on

additional responsibilities that may not traditionally fall under an Operations.

Manager remit.

**Bank of America**

Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team. A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates.

In line with these values, in EMEA we have 9 Employee Networks, a wide range of Sports & Social clubs, and other development and networking opportunities so that you can enjoy a range of experiences and connect with colleagues across the bank. We also offer exclusive discounts to some of the most iconic cultural experiences for you to enjoy in your spare time outside of work. Learn more about our benefits here.
- Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well._

**Job Band**:
H5

**Shift**:
**Hours Per Week**:
35

**Weekly Schedule**:
**Referral Bonus Amount**:
0