---
title: 'Head of Custody Operations - KSA at Thndr'
canonical: 'https://feeny.ai/job/head-of-custody-operations-ksa-thndr-riyadh-xfrb1jghfnhm'
type: 'job'
last_seen: '2026-10-19'
---

# Head of Custody Operations - KSA at Thndr

- **Company:** Thndr
- **Location:** Riyadh, Saudi Arabia
- **Employment:** full-time
- **Work type:** onsite
- **Posted:** 2026-10-12
- **Last confirmed live:** 2026-10-19
- **Apply:** https://jobs.ashbyhq.com/thndr/73f6bb75-d445-483d-aa79-d24d68bc821d

## Job description

## About The Role

We are looking for a Head of Custody Operations in Saudi. This person will set up and run Thndr KSA’s trading, settlement, custody and funding operations in close collaboration with Tadawul, the Securities Depository Center (Edaa), the Securities Clearing Center (Muqassa) and other key stakeholders, and will be registered with the Capital Market Authority (CMA).

## What You'll Do

Settlement and custody

- Oversee all aspects of trade settlement and custody operations.
- Manage the full trade life cycle, from execution to final settlement.
- Safeguard client assets and client money in line with CMA requirements.
- Run robust daily reconciliations with Edaa, Muqassa, custodian and bank records. Operations build
- Build reliable operations that can scale with Thndr’s growth.
- Develop and implement operational policies and procedures.
- Automate processes to reduce manual errors. Risk and compliance
- Keep up with market practice and regulation and make sure our operations stay compliant.
- Identify and assess operational risks and put controls in place to protect the company and its clients.

## What You'll Need

## Experience

- 5+ years in securities operations, with a focus on custody and post-trade.
- Experience in the Saudi market, with hands-on knowledge of Tadawul, Edaa and Muqassa processes.
- Experience leading an operations team at a CMA-licensed Capital Market Institution or custodian. CMA qualifications and registration
- Passed the CMA’s general qualification route: CME-1A and CME-1B, or an exemption granted by the CMA. Holders of the CMA’s previous-series qualification certificates for this function qualify without retaking the exams. Both must be passed before CMA registration.
- Eligible for registration with the CMA as a Registered Person under the Capital Market Institutions Regulations, including meeting the CMA’s fit-and-proper criteria (skills, experience, competence and integrity).
- Resident in the Kingdom of Saudi Arabia (a requirement for CMA Registered Persons), or willing to relocate.

## Skills

- A passion for improving people’s financial lives through technology and access to investments.
- Analytical mindset with the ability to identify and resolve complex issues.
- Exceptional attention to detail.
- Strong communication and team coordination skills.
- Follows through on commitments and embeds this behaviour across the team.
- Comfortable in a fast-paced startup environment.
- Fluent in English; Arabic strongly preferred.

## Who We Are

At Thndr, we believe that investing is a right. That anyone with a smartphone deserves to invest, regardless how much money they make. For lifestyle investors, we offer easy access to local and US stocks, funds managed by professionals, and an AI-enabled experience to build and manage a personalized portfolio. We also produce relatable financial content, which we post on social media platforms consumers already love and use. For advanced traders, we offer an institutional-grade trading platform called ThndrX. We built ThndrX specifically to meet the needs of a trader. It offers advanced charts & data, custom screeners, trade-by-trade analytics, research coverage, and more. There is no doubt that improving trust and participation in local capital markets is crucial for Saudi’s Vision 2030, and its stated goals of economic resilience and diversification. As an investment broker, we clearly see the role we can play in driving investment into productive local companies. We don't just talk about change, we deliver it. Here's a glimpse into our impact so far:

- 5.5 million app downloads
- 21B SAR volume traded in H1 2026 (3.7x YoY growth), 14% of all volume traded on the Egyptian Stock Exchange in H1 2026
- 15m trades, 35% of all trades on the Egyptian Stock Exchange
- Assets under custody: $1B+
- #1 digital investing platform in Egypt for the third consecutive year
- 76% of users are first-time investors
- 40% of our users come from outside of capital cities and have previously had limited access to financial institutions

Building on the success of our core platform, we also launched Rumble, a subscription-based platform for investment recommendations. Rumble gives users in-depth advice straight from its team of licensed stock analysts. We're looking for people driven by our mission to help us democratize investing across the MENA region.

## About Thndr

## Company Overview
- **One-liner**: Thndr is a technology-driven investment platform that aims to democratize access to financial markets in the MENA region by offering a simple, mobile-first way to invest in stocks, gold, mutual funds, and savings funds.
- **Entity Type**: Private (backed by prominent venture capital investors)
- **Headquarters**: Cairo, Egypt (with teams across three countries in the region)
- **Founded**: 2019 (founded after co-founders’ experience at an investment bank in 2016)
- **Founders**: Seif Amr and Ahmad Hammouda

## Core Business
- **Primary industry/industries**: Fintech – investing and wealth management
- **Target customers**: B2C, primarily individual retail investors, especially first-time and young investors (average age <30; 87% first-time investors)
- **Mission or purpose statement**: “Democratize investing in the MENA region” by removing barriers and using technology to offer a simple, accessible investing experience.

## Products & Services
- **Thndr App**: Mobile platform for investing in Egyptian stock market (EGX), US stocks (via Alpaca Securities), gold (via AZG mutual fund), mutual funds, and equity funds.
- **Thndr Learn**: Educational platform teaching personal finance and investing basics.
- **Thndr Claps**: A daily financial newsletter delivered to users’ inboxes.
- **Virtual Mode**: A simulation environment where users can practice investing with 100,000 virtual currency risk-free.
- **Savings Clouds / Savings Funds**: Low-risk, professionally managed fund products for growing savings and protecting against inflation.

## Market Standing
- **Valuation/Market Cap**: Not publicly disclosed (conflicting reports may exist, but not found).
- **Key Metric**: Total users – over 4,000,000 as of 2025/2026. Also, #1 investment platform in Egypt by number of trades, and contributed 86% of new entrants to the EGX in 2022.
- **Notable Investors/Partners**: Prosus Ventures, Tiger Global, BECO Capital, Endure Capital, 4DX Ventures (as of time of data).
- **Growth Signals**: 87% of users are first-time investors; 50% live outside major cities; average age <30; team has grown to 100+ employees across three countries.

## Competitive Advantages
- **Regulatory license**: Licensed by Egypt’s Financial Regulatory Authority (FRA) and ADGM’s Financial Services Regulatory Authority, providing trust and security.
- **Localized user experience**: Tailored for the Egyptian and MENA market, including local payment methods (InstaPay, Vodafone Cash) and Arabic-language content.
- **Educational focus**: Built-in learning tools (Thndr Learn, Claps, Virtual Mode) lower the barrier for new investors.
- **Simplicity and speed**: Same-day account activation with no branch visit required; multiple funding methods.

## Strategic Focus
- **Regional expansion**: The company already operates in Egypt and the UAE (ADGM) and is scaling across the MENA region.
- **Product diversification**: Adding new asset classes (gold, mutual funds, savings funds) to deepen engagement.
- **User education**: Continuing to invest in financial literacy tools to convert first-time investors into long-term customers.

## Why Work Here
- **Culture highlights**: Values include ownership (“act like an owner”), candid and transparent communication, ethical behavior, and a flat hierarchy. Employees describe a contagious passion for the mission and a supportive, encouraging team.
- **Remote/hybrid/office policy**: Not explicitly stated, but the team works across three countries (Egypt, UAE, and likely others), suggesting a flexible or hybrid setup.
- **Notable perks**: Strong sense of impact – “every action has a direct impact on the overall company.” Emphasis on output over hours, collaboration, and diversity.

## Sources
1. [thndr.app – About Us](https://thndr.app/blogpost/about-us/)
2. [thndr.app – Homepage](https://thndr.app/)
3. [thndr.app – Careers](https://thndr.app/careers/)
4. [thndr.app – Jobs List](https://thndr.app/careers/jobs-list/)

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