New

Middle Ofc Svc & Supp Specl - New York, NY

Valley National Bank
$55,700.00 - $92,900.00 / yr
paid time off
United States, New York, New York
Jul 29, 2025
Back Middle Ofc Svc & Supp Specl #25-763 New York, New York, United States Apply Apply for this job now! Apply Expected Work Hours 40 Job Description 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. Requirements Required Skills: Strong fixed income portfolio management skills with a thorough understanding of various instruments and financial markets. Strong analytical skills. Demonstrate an understanding of various forms of risk, including market, operational, legal, and regulatory, as they relate to the Bank's securities portfolio. Strong oral and written communication and organizational skills. Demonstrate an ability to be a collaborative and effective member of a diverse and dynamic team environment. Knowledge of Bloomberg, NetX360, MS Excel including Macros. Required Experience: High school diploma or GED and a minimum of 2 years of Brokerage Operations and banking experience. Experience in a bank or custodian environment is preferable. Bachelors' degree in finance, economics, business, mathematics, or related field is preferred. Full-time/Part-time Full-time FLSA Non-exempt Location(s). 350 Madison Ave, New York , New York 10017 , United States Total Rewards Summary We provide a comprehensive and competitive total rewards package including base salary determined by factors such as the role, relevant experience, skill set, and geographical location. Eligible positions may also be eligible to receive commission-based compensation and/or discretionary incentive compensation, which may be awarded as cash or forfeitable equity, recognizing individual performance and contributions. In addition to financial compensation, we offer a robust suite of benefits tailored to meet diverse employee needs based on eligibility criteria. These include comprehensive health care and insurance plans, retirement savings options, tuition and adoption reimbursement programs, paid time off, mental health support, and other valuable benefits programs. Further details regarding total compensation and benefits will be shared during the hiring process. Job Details Pay Range Pay Range The estimated pay range for this job. Disclosing pay information promotes competitive and equitable pay. The actual pay rate will depend on the person's qualifications and experience. $55,700.00 - $92,900.00 / year Pay Transparency In order to support the Fair Compensation Strategy by the US Govt., HR Dept., clients are required to adhere to "Pay Transparency Law"; in the impacted states; that have mandated the employers to list the salary ranges in Job advertisements or postings for job opportunities and Job promotions.