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Distressed Loan Closer

Posted 13 Jul 2024
Work experience
0 to 7 years
Full-time / part-time
Job function
Degree level
Required language
English (Fluent)

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As a Barclays Distressed Closing Team Leader, you will be managing a diverse portfolio of Secondary debt trades from trade date through to settlement. Working within a small team managing highly distressed and complex transactions, while also acting as a technical expert in distressed debt settlement for the business, you will be providing insight and analysis of complex situations. Moreover, you will have a comprehensive understanding of the distressed debt market with an ability to support and drive new product types and trading strategy.

Barclays is one of the world's largest and most respected financial institutions, established in 1690, with a legacy of success, quality, and innovation. 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.

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?

Co-ordinating and managing distressed transactions traded by the Credit business, directing communications and outcomes with key stakeholders

Managing corporate actions and distressed debt restructures, with detailed analysis and substantiation of PnL

Drafting and reviewing legal documentation across multiple jurisdictions. Covering all distressed debt including Loans, Warrants, Shares, Equities, Bonds and Rights

Being responsible for reviewing and analysing credit documentation where the trading business sits on the Public side

Taking responsibility for 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

Taking responsibility for monitoring distressed holdings, and engaging with Operations colleagues to ensure correct accounting for performing and non-performing debt

Being responsible for managing and attending meetings with Front Office for both existing trades and news trade opportunities

What we’re looking for:

Previous experience working in a similar role

Ability to drive operational decision making, provide solutions through analytical thought, presenting options and expected outcomes to key stakeholders across the firm

Extensive experience in the Secondary Loans space with an in depth knowledge covering Distressed debt transactions and experience of creating bespoke documentation

Ability to be self-sufficient at handling a large portfolio of distressed trades, adopting a cradle-to-grave approach

Skills that will help you in the role:

Proficiency in Microsoft Office including Excel and PowerPoint and have processing experience in ACBS

Advanced level of communication is key, including interactive listening to further negotiation across teams/client

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.

Barclays moves, lends, invests and protects money for 48 million customers and clients worldwide.

Finance & Banking
55,000 employees