Distressed Closer

Barclays•Whippany, NJ

3d•$70,000 - $133,000

About The Position

Purpose of the role To support Wholesale Lending with day-to-day processing, reviewing, reporting, trading and issue resolution. In your role as a Distressed Closer, you will help us support the end-to-end closing of Distressed, Par, and Near Par trades booked by our Trading Desk. As an Assistant Vice President, you’ll manage a dynamic pipeline of deals, working efficiently in a fast-paced environment to ensure trades are confirmed and settled accurately across the LSTA and LMA markets. Drawing on your ability to interpret highly detailed loan documentation, you will prepare, review, and manage materials such as credit agreements, collateral documents, trade confirmations, transfer documents, and funding memorandums. You will coordinate closely with counterparties to verify trade terms, resolve discrepancies, and remove roadblocks to meet tight deadlines. Your work will also include overseeing final documentation and settlement of troubled loans, liaising with internal and external stakeholders, and ensuring compliance with regulatory requirements. As part of the restructuring process, you will help convert pre restructured debt into proceeds—whether new bank debt, equity, notes, cash, or litigation trust interests—while supporting the team with ad hoc tasks that keep our operations running smoothly.

Requirements

Extensive Loans Closing experience with PAR/Distressed/Equity
The ability to read and interpret highly detailed loan documents, identify discrepancies
High client service experience

Nice To Haves

Being proficient in using Microsoft Office applications, Clearpar, Loan IQ
Being a collaborative partner with a remarkable work ethic and attention to detail
Good people skills, written and verbal communication
The ability to work with minimal guidance and take full responsibility of defined tasks
The aptitude to learn new software / applications

Responsibilities

Support with day-to-day Wholesale Lending initiatives including processing, reviewing, reporting, trading and issue resolution through lending technical expertise.
Monitoring the bank’s lending operations to ensure that they are conducted in an efficient and effective manner and comply with relevant regulatory requirements.
Collaboration with teams across the bank to align and integrate Wholesale Lending processes.
Identification of areas for improvement and providing recommendations for change in Wholesale Lending processes.
Development and implementation of Wholesale Lending procedures and controls to mitigate risks and maintain operational efficiency.
Development of reports and presentations on Wholesale Lending performance and communicate findings to internal senior stakeholders.
Identification of industry trends and developments to implement best practice in Wholesale Lending Services.
Participation in projects and initiatives to improve Wholesale Lending efficiency and effectiveness.
Advise and influence decision making, contribute to policy development and take responsibility for operational effectiveness.
Collaborate closely with other functions/ business divisions.
Lead a team performing complex tasks, using well developed professional knowledge and skills to deliver on work that impacts the whole business function.
Set objectives and coach employees in pursuit of those objectives, appraisal of performance relative to objectives and determination of reward outcomes
Lead collaborative assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments.
Identify new directions for assignments and/ or projects, identifying a combination of cross functional methodologies or practices to meet required outcomes.
Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues.
Identify ways to mitigate risk and developing new policies/procedures in support of the control and governance agenda.
Take ownership for managing risk and strengthening controls in relation to the work done.
Perform work that is closely related to that of other areas, which requires understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategy.
Engage in complex analysis of data from multiple sources of information, internal and external sources such as procedures and practises (in other areas, teams, companies, etc).to solve problems creatively and effectively.
Communicate complex information.
Influence or convince stakeholders to achieve outcomes.
Support the end-to-end closing of Distressed, Par, and Near Par trades booked by our Trading Desk.
Manage a dynamic pipeline of deals, working efficiently in a fast-paced environment to ensure trades are confirmed and settled accurately across the LSTA and LMA markets.
Prepare, review, and manage materials such as credit agreements, collateral documents, trade confirmations, transfer documents, and funding memorandums.
Coordinate closely with counterparties to verify trade terms, resolve discrepancies, and remove roadblocks to meet tight deadlines.
Oversee final documentation and settlement of troubled loans, liaising with internal and external stakeholders, and ensuring compliance with regulatory requirements.
Help convert pre restructured debt into proceeds—whether new bank debt, equity, notes, cash, or litigation trust interests—while supporting the team with ad hoc tasks that keep our operations running smoothly.

Benefits

Barclays employees are eligible for a suite of competitive and generous employee benefits, including medical, dental and vision coverage, 401(k), life insurance, and other paid leave for qualifying circumstances.
This position is eligible for an incentive award.

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