• Job Description

  Req#: 90318394

  Distressed Loan Closer
  London
  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.
  
  Hybrid Working
  We are currently operating in a hybrid working environment, meaning 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. 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
  • Processing experience in ACBS
  
  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.
  #LI-Hybrid
  

• About the company

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