Head of Custody
About the job
- At least 8 years of experience in Custody Services.
- Detailed understanding of Direct Custody and Clearing and Investor Services in Kuwait.
- Experience dealing with local market infrastructure and regulators.
- Experience working across multiple products or geographies.
- Arabic speaking ability.
- A university degree.
- Create and execute a clear strategy for the local business within the regional business strategy.
- Support business growth, market share, and revenue targets while maintaining appropriate risk management discipline.
- Maintain close control over profit and loss and expenses.
- Pitch for new business prospects and sales opportunities, and identify new product offerings.
- Own and lead end-to-end delivery of custodial services, including Operations.
- Represent Citi with market regulators and industry forums.
- Build and maintain constructive relationships with internal stakeholders, including Operations, Corporate Banking, Treasury, Compliance, and Legal.
- Ensure robust service levels and high client satisfaction through service excellence programs, and explore additional services, efficiencies, and controls.
- Stay close to market infrastructure, including Boursa Kuwait and KCC, and promote initiatives to develop the market and increase foreign investment into Kuwait.
- Monitor and control business risk as the first line of defense; support internal and external audits and own action points and corrective action plans.
- Oversee business-as-usual activities and serve as the first escalation point.
- Monitor regulatory changes and their impact on the local franchise.
- Lead advocacy efforts with market regulators and ensure thought leadership visibility.
- Oversee product manager responsibilities.
About the company
Citi runs banking, investment and payment services for companies, governments and individuals around the world. Its global network connects institutions with local banking systems, while its US consumer business sells credit cards and deposit accounts. Corporate clients use Citi to manage cash, finance trade and raise capital, and investors use its trading, custody and wealth services to hold and manage assets. The bank earns interest on loans and fees from payments, securities transactions, financial advice and account services. Citi traces its banking roots to 1812; the Citigroup holding company was formed in 1998, and its headquarters are in New York City.
Company Size
10,001+
Company Stage
IPO
Headquarters
New York City, New York
Founded
1812
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Simplify's Take
What believers are saying
- Revenue is expanding: Citi reported $24.8 billion in the June 2026 quarter, up 14% year over year.
- US parents get protected time: eligible Citi employees receive 16 weeks of bonding leave at full base pay.
- Institutional deposits are sticky: Citi says around 80% of Services deposits come from clients with relationships exceeding 15 years.
What critics are saying
- Lending losses remain substantial: Citi's net credit losses reached $2.4 billion in the June 2026 quarter.
- Australian hybrid roles require office time: Citi sets a minimum of three office days weekly for designated hybrid positions.
- Job cuts carry a cost: Citi booked roughly $500 million in severance in the March 2026 quarter.
What makes Citi unique
- Corporate payments move at scale: Citi processes around $6 trillion daily through its Treasury and Trade business.
- Deposits move beyond banking hours: Citi Token Services transfers cash between participating Citi branches around the clock.
- Employees use a shared AI workspace: Citi's Stylus platform reaches over 180,000 people for research and multi-step workflows.
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Benefits
- Health Insurance
- Dental Insurance
- Vision Insurance
- Life Insurance
- Disability Insurance
- 401(k) Retirement Plan
- 401(k) Company Match
- Wellness Program
- Paid Vacation
- Paid Sick Leave
- Paid Holidays