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Thndr is a fintech platform democratizing investment access across the MENA region, with 5.5M app downloads, $1B+ in assets under custody, and operations in Egypt and Saudi Arabia. The company operates both a consumer-focused investing app and ThndrX, an institutional-grade trading platform.
You will establish and lead Thndr KSA's trading, settlement, custody, and funding operations from the ground up. This is a foundational leadership role reporting directly to senior management, responsible for building a compliant, scalable operations function in the Saudi market.
Key responsibilities include:
**Settlement & Custody:** Oversee all trade settlement and custody operations end-to-end, from execution through final settlement. Manage client asset and money safeguarding per CMA requirements. Execute daily reconciliations with Edaa, Muqassa, custodians, and bank records.
**Operations Build:** Design and implement operational policies, procedures, and systems that scale with company growth. Automate processes to minimize manual errors and operational risk.
**Risk & Compliance:** Monitor regulatory changes and market practice to ensure ongoing compliance. Identify operational risks and implement controls to protect the company and clients.
You will work closely with Tadawul (Saudi stock exchange), Edaa (Securities Depository Center), Muqassa (Securities Clearing Center), and the Capital Market Authority (CMA). You must be registered as a Regulated Person with the CMA.
**Requirements:**
- 5+ years in securities operations with focus on custody and post-trade settlement
- Hands-on experience in the Saudi market with direct knowledge of Tadawul, Edaa, and Muqassa processes
- Proven experience leading an operations team at a CMA-licensed Capital Market Institution or custodian
- CMA qualifications: passed CME-1A and CME-1B exams (or equivalent exemption); holders of previous CMA qualification certificates for this function are exempt from retaking exams
- Eligible for CMA Registered Person registration, meeting fit-and-proper criteria (skills, experience, competence, integrity)
- Resident in Saudi Arabia or willing to relocate (mandatory for CMA registration)
- Fluent in English; Arabic strongly preferred
- Analytical mindset with ability to resolve complex issues
- Exceptional attention to detail
- Strong communication and team coordination skills
- Ability to thrive in fast-paced startup environment
- Passion for improving financial access through technology
