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Job Specification

  • Number of Vacancies: 1
  • Job Type: Full-time
  • Experience: Minimum: 8 years minimum
  • Industry: Investment Banking/Asset Management

Job Summary

  • Functional Area: Brokerage
  • Location: Riyadh, Saudi Arabia
  • Job Role: Head of Brokerage
  • Reporting to: CEO

JOB PURPOSE

To leads & direct Brokerage department in line with the banks strategy & objectives in order to position the bank among the market leaders in the Brokerage business.

KEY RESPONSIBILITIES

  • Participate in formulating and constantly review the strategies, policies and procedures, standard, as well as annual budget for the Brokerage department, and incorporate up-to-date and innovative products and investment solutions, to ensure delivering optimum products and services.
  • Develops and executes comprehensive technical plans and programs, both short and long term, to achieve stated strategic objectives.
  • Monitors the Brokerage Department performance against pre-set performance goals and ensures that preventive/corrective actions are taken accordingly.
  • Sets the estimated budget for the Brokerage Department and monitors the Department’s expenditures and financial performance in coordination with Finance Department.
  • Disseminates instructions and circulars in addition to take decisions necessary to fulfil endorsed plans and executive programs.
  • Leads the further development of Brokerage department to introduce, as applicable, new product and services, which elevates the overall profitability
  • Leads the assessment process for brokerage current position to identify & enhance the areas of development in order to optimize performance
  • Sets Departmental Business Plan & Strategy implantation to align with overall Strategy and Objectives
  • Monitors general performance to ensure alignment with departmental objectives
  • Provides, within the Brokerage Department scope, the needed support by  Sales Department to meet their sales objectives in order to acquire new clients, and attend to exiting clients’ needs.
  • Leads regular review of policy & procedures to have it up to date and adhere to the banks governance
  • Delegates of day to day business operations to unit managers in order to increase efficiency of strategy implementation
  • Ensure Shariah, Regulatory, and  Governance compliance

MINIMUM QUALIFICATIONS/EDUCATION/EXPERIENCE/TRAINING/KNOWLEDGE

  • Master’s degree in business or related field, from a reputable business school.
  • Professional certification such as (CMA, CFA, CMT, etc.) is an advantage.
  • Must have CME-1 and CME-3
  • Professional certificate in leadership.
  • Minimum 8 years’ experience in brokerage services with solid track record in financial and securities market. Extensive experience in supervising teams as part of the execution process, including at least 6 years in a similar role.
  • Competent knowledge in English and Arabic, Spoken and Written.
  • In depth knowledge of the company and its products specifications.
  • In depth knowledge with CMA regulations and other regulatory bodies.
  • In Depth knowledge in the financial and securities markets.
  • Knowledge in the overall investment sector.
  • Knowledgeable in Economic and Financial Markets Analysis.
  • Advance knowledge in Brokerage related products and services.
  • Awareness of products and services development & enhancement

Interested candidates please send your CV and contact details to profiles@darlingtonme.com referencing ‘Head of Brokerage’ in the subject

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