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Vice President, Distressed Loan Closer

Job in Trenton, Mercer County, New Jersey, 08628, USA
Listing for: Barclays
Full Time position
Listed on 2026-07-08
Job specializations:
  • Finance & Banking
    Risk Manager/Analyst
  • Management
    Risk Manager/Analyst, Operations Management
Salary/Wage Range or Industry Benchmark: 140000 - 195000 USD Yearly USD 140000.00 195000.00 YEAR
Job Description & How to Apply Below

Join Barclays and our Loan Closing team as Vice President, Distressed Loan Closer and take accountability of a dynamic portfolio of Par, Near‑Par, and Distressed trades booked by the Trading Desk. In this role, you will navigate a fast‑paced environment where precision, sound judgment, and considerable analytical capability are essential to mitigating risk and ensuring timely settlement. You’ll partner closely with trading, settlements, and other key functions to resolve highly detailed fixed‑income and equity transactions, while applying your knowledge across loan distributions, restructurings, and system workflows.

Success in this role requires a high level of accountability, technical proficiency across core platforms, and the ability to adapt quickly as deal structures and priorities evolve.

To be successful in your role as Vice President, Distressed Loan Closer, you should have:

  • Extensive Loan closing experience with Par/Distressed/Equity trade closing

  • The ability to work closely with trading and settlement functions investigating multi-layered fixed income and equity transactions. Prior experience with loan distributions and reorganization events

  • The aptitude to learn new software/applications

  • Proficiency in using Microsoft Office applications, Clearpar, Loan IQ

  • Broadridge, BPS, Impact, Gloss (Equity and Fixed Income systems experience)

Other highly valued skills may include:

  • Collaborative contributor with a solid work ethic and attention to detail

  • Good people skills, written and verbal communication

  • The ability to work autonomously and take full responsibility for defined tasks

You may be assessed on the key critical skills relevant for success in this role, such as risk and controls, change and transformation, business acumen, strategic thinking, digital and technology, as well as job‑specific technical skills.

This role is located in Whippany, NJ, with a secondary location in Wilmington, DE.

Minimum Salary: $

Maximum Salary: $

The minimum and maximum salary/rate information above include only base salary or base hourly rate. It does not include any other type of compensation or benefits that may be available.

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.

Purpose of the role

To manage operations within a business area and maintain processes, risk management initiatives and compliance with relevant regulators.

Accountabilities
  • Identification of trends and opportunities to improve areas and develop new process and procedures through the monitoring and analysis of operation data and performance metrics.
  • Management of operations for a business area and promote efficient processes, risk management and compliance initiatives to support the bank's operations.
  • Collaboration with internal stakeholders (including business leaders, project manager and SMEs) and external stakeholders (including vendors and service providers) to support business operations and promote alignment with the bank's objectives and SLAs.
  • Management of operational professionals and provide guidance, coaching and support to improve colleagues' delivery quality.
  • Management and development of KPIs to measure the effectiveness of operation functions, utilising data and technology to support the identification of areas that require improvement.
  • Compliance with all regulatory requirements and internal policies related to customer experience.
  • Creation of a safe environment for colleagues to speak up, actively and regularly encourage and solicit feedback to ensure people agenda remains focused on the right areas.
  • Management of attrition by working closely with HR in implementing retention initiatives for workforce.
Vice President Expectations
  • To contribute or set strategy, drive requirements and make recommendations for change. Plan resources, budgets, and policies; manage and maintain policies/ processes; deliver continuous improvements and elevate breaches of policies/procedures.
  • If managing a team, they define jobs and responsibilities,…
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