A remote role at Alpaca.
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Original listing text, shown exactly as published by the company.
As a Custody Manager, you will be responsible for overseeing the safekeeping, settlement, and administration of client securities assets at Alpaca, ensuring the safety and integrity of billions of Saudi Riyals in customer holdings within the Kingdom of Saudi Arabia’s capital markets.
As part of the Operations team, you will manage the end-to-end custody lifecycle for Alpaca’s brokerage and Trading API customers, encompassing asset safekeeping, trade settlement, corporate actions processing, reconciliation, and regulatory reporting. Working closely with the Securities Depository Center (Edaa), the Saudi Exchange (Tadawul), custodian banks, and internal stakeholders, you will ensure that custody operations run seamlessly and in full compliance with the Capital Market Authority (CMA) regulations and other applicable Saudi financial laws.
We’re looking for someone who brings deep securities operations expertise within the Saudi or GCC market, enjoys building scalable processes, and thrives in a fast-paced, detail-driven environment. Working collaboratively across compliance, engineering, and product teams, you’ll ensure the operational backbone of Alpaca’s platform is reliable, compliant, and built to scale in line with Saudi Vision 2030 and the Kingdom’s evolving capital markets landscape.
Things You Get To Do
Own and manage the daily custody operations workflow, including trade settlement (T+2), asset transfers, and position reconciliation across Saudi-listed equities, Sukuk, and fixed-income instruments
Serve as the primary point of contact with the Securities Depository Center (Edaa), the Saudi Exchange (Tadawul), custodian banks, and clearing entities
Design and improve operational processes to increase efficiency, reduce risk, and support business growth in alignment with CMA requirements
Lead corporate actions processing, including dividends, rights issues, stock splits, mergers, and Zatka-related distributions
Collaborate with engineering and product teams to automate custody workflows and reduce manual touchpoints
Ensure compliance with CMA regulations, including the Securities Business Regulations, the Investment Funds Regulations, and client asset segregation requirements
Liaise with the CMA and other Saudi regulatory bodies during audits, inspections, and reporting cycles
Manage, mentor, and develop a team of custody operations professionals
7+ years of experience in securities custody, clearing, or brokerage operations, preferably within the Saudi or GCC capital markets
Strong knowledge of Edaa depository services, Tadawul settlement processes, and the Saudi securities lifecycle
Deep understanding of CMA regulations, including the Securities Business Regulations, Anti-Money Laundering (AML) rules, and client asset protection requirements
Familiarity with Saudi-listed asset classes including equities, Sukuk, ETFs, REITs, and government bonds
Excellent communication and collaboration skills in both Arabic and English, with the ability to work across technical and non-technical teams
Experience managing reconciliation processes and investigating and resolving settlement breaks
Proven ability to build, document, and improve operational procedures in a regulated environment
Strong attention to detail and a risk-aware mindset
Experience managing or mentoring a team
Who You Might Be (Nice-to-Haves)
CME-1 (Certified Market Expert) or other CMA-recognized professional certifications
Experience working with Qualified Foreign Investor (QFI) programs or Swap arrangements on Tadawul
Experience working at a fintech, startup, or CMA-authorized institution
Familiarity with APIs, automation tooling, or working closely with engineering teams to modernize custody operations
Experience or understanding of digital asset custody and blockchain-based securities
Knowledge of Saudi Vision 2030 financial sector development initiatives and CSDI reforms
Experience working remotely or in a hybrid environment
Competitive Salary & Stock Options
Alpaca
YC W19Other
51 open roles on Sydicom
Alpaca is an API infrastructure and licensed financial services company that allows developers and businesses to offer stock and crypto investing to their end-customers. We work with more than 100 companies across the globe to enable their investing products, and our mission is to provide financial services to everyone on the planet. Alpaca’s globally distributed team consists of developers, traders, and brokerage business specialists and backed by a group of well-capitalized investors including Portage Ventures, Spark Capital, Tribe Capital, Unbound, Social Leverage, Horizons Ventures, Y Combinator as well as highly experienced industry angel investors and founders. We are also very tech-enthusiastic with notable track records in open-source and startup communities.
Source: Y Combinator
