Mutual Funds Operations – Riyadh

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 profiles@darlingtonme.com referencing ‘MF Operations’ in the subject line.