Investment Operations Manager

About the Role

Tamra Capital is seeking an Investment Operations Manager to lead the investment operations function. This full-time position is based in Jeddah, Makkah, Saudi Arabia. The role focuses on ensuring accurate and timely processing of client investments, managing cash movements, and coordinating effectively with various financial entities while maintaining compliance with regulatory standards.

Role Summary

The Investment Operations Manager will be responsible for overseeing all aspects of investment operations, from client transaction processing to regulatory compliance and process improvement. This includes leading the function's strategy, developing capabilities, and driving automation initiatives to enhance efficiency and mitigate operational risks.

Key Responsibilities

• Lead the investment operations function, defining its strategy, KPIs, and service levels.
• Build the function’s capabilities, processes, and controls as the business expands.
• Develop and maintain operational policies and procedures to enhance efficiency and reduce operational risk.
• Act as the main point of contact for investment operations matters with internal departments and senior management.
• Oversee the accurate and timely execution of fund subscriptions and redemptions, and processing of client deposits and withdrawals.
• Monitor cash flows and settlements with asset managers and custodians.
• Ensure accurate daily unit and position reconciliations and NAV validation.
• Oversee the handling of dividends and distributions.
• Act as the key liaison with asset managers, custodians, brokers, and other service providers to ensure smooth operations.
• Oversee the operational onboarding of new asset managers and service providers, and monitor their performance.
• Ensure investment operations comply with CMA regulations and internal policies.
• Deliver accurate operational reporting to management and support the preparation of regulatory reports.
• Coordinate with internal and external auditors and support regulatory inspections.
• Identify opportunities to improve operational efficiency and reduce manual work, leading automation initiatives.
• Define operational requirements and support testing for new products and system changes.

Candidate Profile

The ideal candidate is an operations leader with a proven track record of managing the processes between investment decisions and financial execution. This role requires someone capable of building and scaling functions, not just maintaining them, and who actively drives automation initiatives.

Experience Required

• 6-8 years of relevant experience in investment operations or a similar field.

Work Type

• This is a full-time position.