Securities Operations & Settlement Specialist

Valley National Bank; New York (NY); On-site; USD 70,000 - 110,000; Full time

Job summary

Valley National Bank in New York is seeking an experienced securities operations professional to support the lifecycle of newly issued securities, from booking to settlement and finalization, while ensuring strict regulatory compliance.

The role requires strong knowledge of US primary and secondary markets, daily cash and position reconciliations, and close collaboration with Trading Desks to resolve issues and meet tight deadlines.

Qualifications

• Regulatory knowledge and compliance with banking/securities rules.
• Experience in US primary and secondary markets and settlement mechanics.
• Back-end processing including trade booking, allocations, confirmations and settlements.
• Daily cash and position reconciliation.
• Experience interacting with Trading Desks.
• Ability to generate end-of-day reports.

Responsibilities

• 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.

Skills

Trade booking

Settlements

Cash reconciliation

Regulatory compliance

Interdesk liaison

Job description

Valley National Bank in New York is seeking an experienced securities operations professional to support the lifecycle of newly issued securities, from booking to settlement and finalization, while ensuring strict regulatory compliance.

The role requires strong knowledge of US primary and secondary markets, daily cash and position reconciliations, and close collaboration with Trading Desks to resolve issues and meet tight deadlines.