Head of Operations - Wealth Management - KSA

Head of Operations
Location: Riyadh, KSA 

About Us:

Sanabil Venture Studio, a partnership between Sanabil Investments and Stryber, merges top-tier talent, seasoned founders, and robust funding to propel startups to unicorn status. Leveraging a blend of industry, technology, and startup expertise, we generate and evaluate visionary ideas, and take them from idea to building and launching MVPs. If an MVP we build proves to be successful, we provide targeted seed funding, ensuring each venture is equipped with the financial foundation to meet its ambitious goals. Beyond early stage development and funding, we provide ongoing support to our portfolio ventures and founders in their pursuit of scaling their startups.

We are a pioneering wealth-tech platform that opens doors to exclusive and previously inaccessible investment strategies for high-net worth individuals in the Kingdom of Saudi Arabia. We leverage cutting-edge technology to empower clients with personalized wealth-building opportunities. We are seeking experienced professionals to join us in revolutionizing the wealth management landscape.

We are seeking an experienced operations manager to lead our exciting new venture in the field of wealth management. As the Head of Operations, you will be responsible for ruthless execution of the company’s vision and roadmap. You will also be overseeing the day to day operations of the company, ensuring optimal efficiency within the business. The ideal candidate will bring a proven track record of leadership, a clear understanding of wealth management and investment operations, and a track record of execution in a startup environment.

About the role:

As the Head of Operations, you will play a key role in driving our success by the following responsibilities:

• Operational Strategy:
• Develop and implement operational strategies that align with the platform's growth objectives and enhance the efficiency of fund operations.
• Drive the integration of wealth tech solutions to optimize fund administration processes.
• Hands-on experience with investment operations
• Wealth Tech Integration:
• Collaborate with technology teams to implement and optimize wealth tech solutions for seamless fund operations.
• Ensure the integration of digital tools for portfolio management, reporting, and client services.
• High Net Worth Client Services:
• Work closely with Client Services teams to ensure that operational processes meet the unique needs and expectations of high net worth clients.
• Implement client-centric operational policies and procedures to enhance overall service quality.
• Fund Administration and Compliance:
• Oversee all aspects of fund administration, including NAV calculations, reconciliations, and compliance with regulatory requirements.
• Collaborate with legal and compliance teams to ensure that fund operations adhere to relevant regulatory standards.
• Risk Management:
• Implement robust risk management protocols within fund operations, identifying and mitigating potential risks to ensure the security and integrity of client assets.
• Monitor and assess operational risks regularly, implementing measures to safeguard the platform and its clients.
• Process Optimization:
• Drive continuous improvement initiatives to optimize fund operations, implementing best practices and leveraging technology for increased efficiency.
• Conduct regular reviews of operational processes to identify areas for enhancement and innovation.

Qualifications:

Must-Have Requirements and Qualifications:

• You are among the 1% of people who are true entrepreneurs at heart! This is a real founder opportunity. You have a strong burning desire to start your own company and are willing to take all the sacrifices and risks it comes with
• Background in fund operations, especially in a fintech or DPM context. It is a bonus if you had a focus on high net worth individuals and private wealth management.
• Knowledge of the regulatory landscape in Saudi Arabia pertaining to fintech and wealth management 
• Strong organizational and leadership skills.
• Excellent communication and collaboration abilities
• Working experience in KSA or GCC

It would be awesome, if you have:

• Bachelor's degree in Business Administration, Finance, or a related field
• Previous work experience in a startup
• Experience in digital wealth management or wealthtech 
• Fluent in Arabic and English
• You are currently a resident in KSA

You are a superstar, if you: 

• Have successfully executed your own startup or side project

Why you shouldn’t apply:

• You would not be fully committed for a long-term entrepreneurial journey

Let’s build a great startup together and create real impact within the region!