Distressed Closer

Distressed Closer

To support Wholesale Lending with day-to-day processing, reviewing, reporting, trading and issue resolution.

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

Demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviours are: L – Listen and be authentic, E – Energise and inspire, A – Align across the enterprise, D – Develop others.

Play a Key Role in Closing Highly detailed Loan Trades – Use your experience to help us deliver timely, accurate settlements in a fast-moving market. 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 counter parties 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.

To be successful in your role as a Distressed Closer, you should have:

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

Other highly valued skills include:

• 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

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 and secondary location in Wilmington, DE.

Applies to Whippany, NJ only.

Minimum Salary: $70,000.00

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.