Requirements
Requires a Bachelor's degree in Accounting, Finance, or a related discipline, with 4-6 years of relevant experience in Banking Operations or Accounting. Must have good knowledge of International Financial Reporting Standards, operations processing and systems, Riyad Bank main processing systems, and SAMA and other applicable rules and regulations. Advanced English proficiency is also required.
Description
JOB PURPOSE / ROLE:Lead the execution of corporate settlement activities by ensuring timely, accurate, and compliant processing of internal settlement transactions, resolving operational exceptions, coordinating with internal stakeholders, and maintaining operational efficiency in accordance with established policies, service levels, and regulatory requirements.AREAS OF RESPONSIBILITY:Policies, Processes & ProceduresImplements approved departmental policies, processes, procedures and provides instructions to subordinates and monitors their adherence so that work is carried out in a controlled mannerDay- to-day operationsImplements the day-to-day operations assigned for the Settlement function to ensure compliance with the established standards and proceduresDay- to-day Settlement OperationsLead and oversee the timely and accurate execution of Corporate Banking settlement activities in accordance with established operational procedures and service level agreements (SLAs).Ensure all Corporate settlement transactions are processed completely, accurately, and within defined timelines.Monitor settlement exceptions, investigate discrepancies, and coordinate timely resolution with relevant internal stakeholders.Escalate critical issues impacting settlement activities and recommend corrective actions to minimize operational risk.Ensure settlement activities comply with internal policies, regulatory requirements, and operational control standards.Maintain appropriate operational controls to safeguard transaction accuracy and process integrity.Coordinate with Corporate Banking, Finance, Treasury, Technology, Payment Operations, and other internal functions to facilitate smooth settlement processes.Support cross-functional initiatives impacting Corporate settlement operations.Continuous Improvement Lead the identification of opportunities for continuous improvement of systems, processes and practices taking into account international best practice, improvement of business processes, cost reduction and productivity improvementSafety, Quality & EnvironmentEnsures compliance to all relevant safety, quality and environmental management policies, procedures and controls across the department in order to guarantee employee safety, legislative compliance and a responsible environmental attitudeRelated AssignmentsPerforms other related duties or assignments as directedQUALIFICATIONS & EXPERIENCE:Minimum Qualifications:Bachelor's degree in Accounting, Finance or any related disciplineMinimum Experience:4-6 years relevant experience in Banking Operations / AccountingLanguage: English: AdvancedTechnical Knowledge areas:Good knowledge of International Financial Reporting StandardsKnowledge of operations processing and systems in area of responsibilityBroad understanding of Riyad Bank main processing systemsThorough knowledge of SAMA and other applicable rules and regulations