Custody Operations Analyst

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


• Able to serve as a key subject matter expert for Saudi market


• 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:

The successful candidate will benefit from having:

• 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

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.

We'd love to learn more about how your interests and experience could be a fit
with one of the world's most admired and sustainable companies! Build your
career with us and apply today. #MadeForGreater

Reasonable accommodation:

Northern Trust is committed to working with and providing reasonable
accommodations to individuals with disabilities. If you need a reasonable
accommodation for any part of the employment process, please email our HR
Service Center at [email protected].
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.
Apply today and talk to us about your flexible working requirements and
together we can achieve greater.