Middle Ofc Svc & Supp Specl - New York, NY

Valley National Bank
United States, New York, New York
Jul 31, 2025
Responsibilities include, but are not limited to: * The role will provide specialized operational support to the structuring, booking, settlement and finalization of newly issued securities. * Be abreast of industry regulatory requirements and support the roll out of new processes that affects the operations functions. * Have a good knowledge and experience of the US primary and secondary markets and clearing systems, as well as the settlement mechanics of equities and options. * Responsible for back-end processing, including but not limited to trade booking, allocations, confirmations, settlements. * Performing basic reconciliation of client accounts (processing trade settlements, resolving discrepancies, inputting information into database, verifying check distributions, etc.). * Interact with Trading Desks on a daily basis. * Perform daily cash and position reconciliation. * Provides comprehensive service for our internal/external clients. * Follow control procedures in opening and closing transaction processing. * Generates end of day reports. * Knowledge of all Settlements Custodians: FED, DTC, Euroclear, FICC, Non-Dollar and Swift Messaging. * Ensuring the efficient handling of securities and account transactions within tight deadlines. * Process and monitor all daily securities transactions, including wire transfers, check deposits, and cash transfers. * Ensure all securities transactions including free receipts and deliveries, global (non-USD) trades and all other securities related transactions including mutual funds and foreign exchange are processed. * Ensure compliance with all legal and regulatory policies and requirements of the Private Bank. * Resolve client inquiries and issues on a timely basis and as accurately as possible through effective and efficient use of Private Bank resource. * Obtain and review documentation prior to submitting to management the details necessary for departmental audits. May take part in interdepartmental projects.