Job Specification

  • Number of Vacancies: 1
  • Job Type: Full-time
  • Experience: 5+ years
  • Industry: Investment Banking/Asset Management

Job Summary

  • Functional Area: Operations
  • Location: Riyadh, Saudi Arabia
  • Job Role: Mutual Funds Operations – Senior Manager
  • Nationalities: This vacancy is open to Saudi nationals only

Job Purpose

The Mutual Fund Operations Senior Manager is responsible to ensure processing of all operations as per policy & procedures, providing support, control and monitors the Asset Operations activities, which mainly includes dealing with Banks (Saudi & GCC) Internal Auditor, External Auditor, CMA inspection team and analyze the new/addition regulations and its implementation in true spirit and updating of policy & procedures accordingly and due diligence of systems and dealing with Vendors. Moreover, interaction and support to Product Development and Asset Management and real estate departments for new products and co-ordinate with custodian for on boarding of new funds from start to end.

Key Responsibilities

  • Managing Asset Operations staff, their appraisal, job descriptions, KPIs etc.
  • Review Mutual Fund’s Valuations.
  • Ensure daily Money market transactions settlement & review monthly reconciliation of Murabaha portfolios with all counterparties Saudi & GCC.
  • Analysis and Implementation of new /updated regulations.
  • Responsible for providing required information/ documents to Internal, External Auditors and CMA inspection team for Mutual Funds.
  • Support External Auditor until finalization of financial statements of all public funds & private equity funds & Assist to Head of Finance in preparation of Interim & yearly financial statements for Funds.
  • Co-ordinate with Asset Management and real estate departments, Compliance, Risk, Fund Custodian for day-to-day matters.
  • Due Diligence of new products with P.D & AMD, new system with Vendor, Custodian and Co-ordinate with I.T,  I.T and Vendors System Analyst for finalization of CR, testing and implementation.


Interested candidates please send your CV and contact details to referencing ‘MF Operations’ in the subject line.