Summary
Citi is seeking a Head of Custody to lead the development of its Securities Services business in Kuwait. The role includes setting and executing business strategy, driving growth and new business, overseeing custody operations and service quality, and managing P&L and business risks. The successful candidate will represent Citi with local regulators and market infrastructure and should have more than eight years of custody-services experience, detailed knowledge of Kuwait’s custody and clearing market, and Arabic-speaking ability. The role is full-time in Kuwait; no salary or visa conditions are stated.
The posting
As published on citigroup.com. Pulled from the employer's site and shown as they wrote it.
Citi's Custody provides financial institutions worldwide with an unparalleled access of a global Citi network that enable them grow, reduce cost and mitigate risk. We leverage our strength in capital markets to create value for clients across the entire investment value chain. Our market-leading breadth, depth and scope of solutions, complemented by our geographic reach, allow us to offer an unparalleled portfolio of products and services that drive our clients' bottom-line performance
The Head of Cusotdy will be responsbile for leading the development of Securities Services business in Kuwait and representing Citi internally and externally with authorities and market regulator while ensuring robust business model and elite and high-quality service level is timely provided to clients to achieve business growth and increased profitability in line with strategic objectives. Prospecting new business mandates and new product offerings
Key Responsibilities:
- Responsible for creating and executing clear business strategy for the local business in the context of the regional business strategy
- Support business growth objectives, market share, and achieving revenue targets whilst retaining appropriate risk management discipline.
- Maintain close control over P&L and control over expenses
- Pitch for new business prospects, sales opportunities, and envisage new product offerings
- End-to-end ownership and leadership for the delivery of custodial services including Operations
- Interface and represent Citi franchise with market regulators and industry forums.
- Build and maintain constructive relationship with internal stakeholders inside the franchise including but not limited to operations, corporate banking, treasury, compliance, and legal.
- Ensure delivery of robust service level and high-level clients’ satisfaction through execution of service excellence programs. Also, exploring room for added services and efficiency / controls.
- Remain close to market infrastructure (i.e. Boursa Kuwait, KCC) and promote initiatives to help develop the market and promote more foreign investments into Kuwait
- Act as the first line of defence by monitoring, controlling business risk. Furthermore, handhold internal and external audits, and ownership of action points and CAPs
- Overseeing BAU and act as first escalation point
- Monitor regulatory changes and their impact on local franchise.
- Lead advocacy efforts with market regulators and ensure visibility of thought leadership
- Have an oversight into product manager responsibilities
Knowledge/Experience:
- +8 years’ experience in Custody Services
- Detailed understanding of the Direct Custody and Clearing and Investor services in Kuwait
- Experience of dealing with local market infrastructure and regulators
- Experience of working across multiple products/geographies
- Arabic speaking
- Unviersity degree
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Job Family Group:
Product Management and Development
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Job Family:
Product Management
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Time Type:
Full time
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Most Relevant Skills
Please see the requirements listed above.
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Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.
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