Muqassa (Securities Clearing Center Company) Looking for at Saudi , Riyadh Full Time

PRINCIPAL DUTIES AND RESPONSIBILITIES/KEY ACCOUNTABILITIES

Principal Duties and Responsibilities:

1. Manage day to day clearing operations for OTCD market and Derivatives Operation clearing operations.
2. Manage the execution of daily lifecycle of OTCD clearing and Derivative Operation including but not limited to end of business day operations, reconciliations, collateral transactions, trade and position management, account opening/closing.
3. Manage OTCD clearing system and Derivative clearing system configurations, and the system testing activities
4. Manage new initiatives for OTCD clearing system and Derivative Clearing system
5. Training and Support external members in understanding OTCD platform and Derivatives platform and training member as and when required
6. Ensure to addressing member queries related to OTCD clearing operations and Derivatives clearing Operations.

Key Accountabilities:

1. Guide, and assist employees by direct reports to perform their functional operations efficiently.
2. Supervise the team’s staff to ensure that they are appropriately motivated and trained and carry out their responsibilities to the required standards.
3. Evaluate employees’ performance with continuous feedback on their assigned targets.
4. Comply with communication and information sharing/handling policy to ensure confidentiality of the information and comply with all relevant risk and information security procedures to ensure operating within the acceptable risk levels.
5. Administer the development and implementation of the function’s policies, procedures, and processes covering all areas of the function’s activities to ensure the fulfillment of all work requirements.
6. Follow all relevant policies, procedures, and processes in order for the work to be carried out in a controlled and consistent manner.

JOB SPECIFICATIONS:

Education and Certifications:

• A bachelor’s degree in any relevant with CME-1

Knowledge and Experience:

• 4 + years of experience in OTCD operation and Derivatives operation

Skills Required:

• Work experience in OTCD Operations and Derivatives Operations including Option clearing and settlement.