Mohammed Al-Somali

• · Develop and implement strategic plans to streamline operations, enhance productivity, and ensure alignment with organizational goals.
• · Monitor and ensure compliance with regulatory and organizational policies across all operational functions.
• · Collaborate with senior management to design and execute initiatives that improve client satisfaction and service quality.
• · Optimize resource allocation, budget management, and cost efficiency to maximize profitability.
• · Establish and maintain strong relationships with stakeholders, clients, and service providers.
• · Analyze and resolve operational challenges, ensuring effective risk management and mitigation strategies.
• · Oversee the implementation of new systems and technologies to improve workflow and reporting accuracy.

· Managed the Securities Operations Department, overseeing brokerage operations, payment processing, and reconciliation activities.

· Ensured accurate and timely processing of securities transactions, including trade settlements and corporate actions.

· Supervised the payment and reconciliation unit, ensuring efficient handling of client funds and resolving discrepancies promptly.

· Monitored compliance with regulatory requirements and internal policies, ensuring adherence to industry standards.

· Coordinated with internal and external stakeholders, including brokers, custodians, and regulators, to streamline operations and resolve issues.

Led process improvement initiatives to enhance accuracy and timeliness in transaction processing and reporting.

• Responsible for the day-to-day management of all the activities of the brokerage operations unit
• This includes, but is not limited to: Maintain performance metrics and quality control standards for all processes
• Ensure department operates in compliance with all rules, regulations, policies, and procedures
• Act as supervising principal and performs periodical reviews to ensure activity processes are suitable and according to established policies and regulations
• Manage risk associated with trade capture process & ensure operational risk mitigation system is in place and executed correctly
• Extensive coordination with other departments such as Brokerage, Treasury, IT, Compliance,…etc
• Participate actively in the development of brokerage related system & projects in coordination with related parties
• Responsible for developing and maintaining efficient internal processes for transaction, administrative and operational issues for all brokerage products
• Ensure adequate human resources, training and supervising operational staff

· Oversaw the end-to-end transaction lifecycle, including trade processing, settlement, and reconciliation of investment portfolios.

· Ensured the accuracy and timeliness of financial reconciliations between internal records, custodians, and counterparties.

· Maintained compliance with regulatory requirements and internal policies, conducting regular audits and reviews.

· Implemented process improvement initiatives to enhance accuracy, reduce operational risks, and improve efficiency.

Supervised, trained, and mentored team members to enhance productivity and build a high-performing team.

• Ensure that DVPs & RVPs are prepared and sent to the custodian on a timely basis
• Ensure that all trades are captured and settled on timely basis
• Follow pending trades with the custodian and inform the brokerage head
• Follow all individuals’ overdraft accounts with brokerage head and ensure that all overdraft accounts were settled
• Ensure that all trade confirmation have been sent to the client on a timely manner
• Prepare daily cash flow and report it to Treasury
• Ensure that securities and cash positions are properly prepared and reconciled in a timely manner
• Production of periodical reports for internal as well as for regulatory purposes