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Head of Custody

Finance
Limassol, Cyprus | Full-time | Office

An international brokerage firm is seeking a highly skilled Head of Custody to lead and optimize their securities custody operations in Cyprus. This is a senior leadership role ideal for an experienced custody operations professional who thrives in a fast-paced, regulated environment and has a track record of building high-performing teams and scalable processes across global markets.

Key Responsibilities:
  • Lead end-to-end custody operations, ensuring full compliance with regulatory frameworks and internal risk controls.
  • Manage the lifecycle of corporate actions, including dividends, mergers, conversions, proxy voting, etc.
  • Oversee global settlement processes (DVP/RVP), cross-market securities transfers, and reconciliation.
  • Supervise QI/tax withholding functions and USWT reporting, ensuring alignment with international standards.
  • Drive automation initiatives including SWIFT message handling and SRD2 (Shareholder Rights Directive) processes.
  • Ensure client asset segregation and full compliance with sanctions and CSD requirements.
  • Lead, mentor, and expand the custody operations team; contribute to cross-departmental projects.
  • Act as the key operational liaison for clients, counterparties, internal stakeholders, and auditors.

Candidate Profile:
  • 5+ years of leadership experience in custody operations, ideally within a brokerage, custodian bank, or financial depository.
  • Expertise in corporate actions, settlements, cross-border custody across EU, UK, US, and APAC markets.
  • Strong working knowledge of QI tax withholding, USWT, SWIFT standards, and SRD2 compliance.
  • Proven track record in process automation, internal controls, and risk management.
  • Fluent in English and Russian (additional EU languages are a plus).
  • Excellent stakeholder management and people leadership skills.

What’s Offered:
  • Competitive salary + annual bonus
  • Relocation package (flight + 1-month accommodation)
  • VISA sponsorship for employee and family
  • Health plan subsidy (30% of private insurance plan covered)
  • 21 working days of paid vacation + 12 additional paid days off
  • Paid sick leave
  • Modern, centrally located office in Limassol
  • Access to team events, sports activities, and internal development programs
You're welcome!
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