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Date live: Mar. 01, 2023

Business Area: COO & Functions

Area of Expertise: Operations

Reference Code: 90318394

Contract: Permanent

Distressed Loan Closer

As a Barclays Distressed Loan Closer, you will play an integral part of servicing the Barclays client base by acting as the administrative point for communication regarding all loans traded on the secondary market. You will be using your knowledge and expertise to manage a diverse portfolio of LMA Secondary trades from trade date through to settlement, while working within a small team with the main focus being par trades and managing highly distressed and complex transactions.

Barclays is one of the world's largest and most respected financial institutions, with 329 years of success, quality and innovation behind us. We offer careers that provide endless opportunity – helping millions of individuals and businesses thrive, and creating financial and digital solutions that the world now takes for granted.

Working Flexibly

We’re committed to providing a supportive and inclusive culture and environment for you to work in. This environment recognizes and supports ways to balance your personal needs, alongside the professional needs of our business. Providing the opportunity for all our employees, globally to work flexibly empowers each of us to work in a way that suits our lives as well as enabling us to better service our customers’ and clients’ needs. Whether you have family commitments or you’re a career, or whether you need study time or wish to pursue personal interests, our approach to working flexibly is designed to help you balance your life.

We are currently in the early stages of implementing a hybrid working environment, which means that many colleagues spend part of their working hours at home and part in the office, depending on the nature of the role they are in. We’re flexible on how this works and it may continue to change and evolve. Depending on your team, typically this means that colleagues spend a minimum of between 20% to 60% of their time in the office, which could be over a week, a month or a quarter. However, some colleagues may choose to spend more time in the office over a typical period than their role type requires. We also have a flexible working process where, subject to business needs, all colleagues globally are able to request work patterns to reflect their personal circumstances Please discuss the detail of the working pattern options for the role with the hiring manager.

What will you be doing?
• You will be responsible for the co-ordination and management of distressed transactions traded by the Credit business 
• Managing corporate actions and distressed debt restructures, with detailed analysis and substantiation of P&L
• Drafting legal documentation across multi jurisdictions 
• Disseminating private side and MNPI under drafted and agreed NDAs
• Reviewing and analysing of credit documentation where the trading business sit on the public side
• Reviewing loan documentation to ascertain the transferability requirements pre and post trade
• Managing deals associated to Spanish and French notaries, liaising with external and internal legal counsel ensuring all requirements are adhered to 
• Liaising with trading desks in both EME and US, sales and deal analysts, as well as clients, agent banks, legal counsel, both internal and external, as required

What we’re looking for:
• Demonstrable experience in the Secondary Loans space with an in-depth knowledge covering Distressed transactions and experience of creating bespoke documentation
• The ability to handle a large portfolio of distressed trades, adopting a cradle-to-grave approach
• Proven problem solving skills with reasoning analytical skills to substantiate P&L adjustments with excellent finding resolutions ability

Skills that will help you in the role
• Previous experience within a similar role
• Effective communicator who works well under pressure

Where will you be working?
In the heart of Canary Wharf, our headquarters at Churchill Place boasts onsite amenities such as a gym, staff restaurant and deli bar, and is easily accessible by tube and bus links. With a population of around 5000 staff the atmosphere is second to none with a real buzz being created around the offices within.

More about working at Barclays

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