Custody Manager

7+ years of experience in securities custody, clearing, or brokerage operations, preferably within the Saudi or GCC capital markets

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

Experience managing reconciliation processes and investigating and resolving settlement breaks

CME-1 (Certified Market Expert) or other CMA-recognized professional certifications

Experience working with Qualified Foreign Investor (QFI) programs or Swap arrangements on Tadawul

New Hire Home-Office Setup: One-time USD $500

Monthly Stipend: USD $150 per month via a Brex Card

Alpaca is proud to be an equal opportunity workplace dedicated to pursuing and hiring a diverse workforce.

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.

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

Alpaca is a US-headquartered self-clearing broker-dealer and brokerage infrastructure for stocks, ETFs, options, crypto, fixed income, 24/5 trading, and more. Our

recent Series D funding round

brought our total investment to over $320 million, fueling our ambitious vision.

Amongst our subsidiaries, Alpaca is a licensed financial services company, serving hundreds of financial institutions across 40 countries with our institutional-grade APIs. This includes broker-dealers, investment advisors, wealth managers, hedge funds, and crypto exchanges, totalling over 9 million brokerage accounts.

Our global team is a diverse group of experienced engineers, traders, and brokerage professionals who are working to achieve our mission of

opening financial services to everyone on the planet