Middle Office Specialist
The Arab Energy Fund · Riyadh, Riyadh, Saudi Arabia
Apply & track with Apply EdgeKEY REQUIREMENTS:A. Experience (this is what makes the role senior)At least 8 to 10 years in middle office, product control or treasury operations at a bank or financial institution, with genuine hands-on depth and not only supervisory exposure.Solid command of LCH and OTC derivatives, in particular interest rate swaps and cross-currency swaps. The person should understand mark-to-market, discounting and margin mechanics well enough to validate a valuation independently, not only record what the counterparty sends.Strong knowledge of treasury products across money markets, FX, fixed income and derivatives, including SAIBOR and SOFR based instruments and SAR/USD cross-currency considerations.Working understanding of ISDA and CSA documentation and the margin logic behind it.A track record of identifying and resolving valuation and margin disputes with counterparties.B. Core responsibilitiesIndependent validation of OTC derivative valuations and review of counterparty and valuation agent marks, with the standing to challenge and resolve differences.Independent price verification and valuation of the sukuk and investment portfolio, including profit distributions, redemptions, calls and other corporate actions.Margin call and collateral management under CSA, including verifying calls, agreeing exposures and handling disputes.Validation and attribution of treasury and investment P&L, reconciled against front office and finance.Trade capture and lifecycle controls, confirming that trades are booked correctly and that resets, fixings, distributions and maturities are handled.Oversight of position, cash and valuation reconciliations, with proper investigation and clearance of breaks.Ownership of the middle office control framework, covering limits monitoring, exception reporting, escalation and audit support.C. Systems and toolsCore banking experience, Temenos T24 preferred.Bloomberg, with exposure to custodian or valuation agent platforms such as State Street.Advanced Excel, and ideally Power BI or similar for analysis and reporting.D. Personal qualitiesWorks independently, with sound judgement on what to escalate and when.Strong control and governance mindset, with the discipline to keep work audit ready.A clear communicator who can deal confidently with front office, risk, finance and counterparties, and who can support and develop the junior members of the team.