As a Barclays US Distressed Loan Closer, you will maintain a portfolio of Distressed LSTA loan trades from trade date through to settlement. For this role, you will have oversight of a team progressing a high volume of both par and distressed trades and ensuring effective client service. You will also be working within a team reporting to the head of US Loan Closing, working closely with sales and trading desk, legal, and operations settlements.
Barclays is one of the world's largest and most respected financial institutions, with 329 years of success, quality and innovation behind us. We've helped millions of individuals and businesses thrive, creating financial and digital solutions that the world now takes for granted. An important and growing presence in the USA, we offer careers providing endless opportunity.
At Barclays, we offer a hybrid working experience that blends the positives of working alongside colleagues at our onsite locations, together with working from home. We have a structured approach where colleagues work at an onsite location on fixed, 'anchor', days of the week, for a minimum of two days a week or more, as set by the business area (or nearest equivalent if working part-time hours). Please discuss the working pattern requirements for the role you are applying for with the hiring manager. Please note that as we continue to embed our hybrid working environment, we remain in a test and learn phase, which means that working arrangements may be subject to change on reasonable notice to ensure we meet the needs of our business.
What will you be doing?
??? Drafting and reviewing of LSTA Distressed trade documents ??? Training and encouraging the development of current and new staff on Distressed Loans Processes, Private Equity, Private Notes and Trade Claims Products ??? Leading by example and becoming the subject matter expert on Distressed Product ??? Liaising with trade counterparties, agent banks, legal counsel, both internal and external as required to ensure documents are in order for a smooth settlement ??? Reviewing of Credit Agreements to assess transferability requirements and restrictions ??? Liaising with the Operations trade settlements team to instruct the settlement of trades. ??? Monitoring the trader's positions to ensure the trade and settled positions are reconciled at all times ??? Keeping senior members of the loan sales and trading desk and closing team management of potential issues with trade settlements; escalating where needed
What we're looking for:
??? More than one year of experience in par and distressed loan and trade claim closing ??? Over three years of experience using Microsoft Suite ??? Good verbal and written communication skills ??? Organized, able to work under pressure and within tight deadlines
Skills that will help you in the role:
??? Commercial awareness ??? Ability to balance priorities ??? Team player ??? Ability to read and comprehend legal and bankruptcy related documentation
Where will you be working?
Barclays' Wilmington campus includes two beautiful buildings located along the historic Wilmington Riverfront. A glance out our windows reveal a scenic look at the Christina River, along with a growing riverfront community of luxury apartments, shops, and restaurants. Additionally, the Wilmington train station is a short walk away making travel from New York and Washington, DC convenient