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Barclays Investment Bank · 1 day ago

Distressed Closer

Dryrock Building, Wilmington

Full-time

Onsite

Mid, Senior Level

$70K/yr - $133K/yr

Barclays Investment Bank is seeking a Distressed Closer to support Wholesale Lending operations. The role involves managing the end-to-end closing of distressed loans, ensuring compliance with regulatory requirements, and collaborating with various teams to streamline processes.

BankingFinancial Services

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

To 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

If the position has leadership responsibilities, People Leaders are expected to 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

OR for an individual contributor, they will lead collaborative assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will 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. 'Complex' information could include sensitive information or information that is difficult to communicate because of its content or its audience

Influence or convince stakeholders to achieve outcomes

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 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

Qualification

Loans Closing experienceRead loan documentsClient service experienceMicrosoft Office proficiencyClearparLoan IQMinimal guidanceLearning aptitudeCollaborationAttention to detailWritten communicationVerbal communication

Required

Extensive Loans Closing experience with PAR/Distressed/Equity

The ability to read and interpret highly detailed loan documents, identify discrepancies

High client service experience

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

Benefits

Medical

Dental and vision coverage

401(k)

Life insurance

Other paid leave for qualifying circumstances

Incentive award

Company

Barclays Investment Bank

Barclays Investment Bank offers large corporate clients with strategic advisory, financing, and risk management solutions. It is a sub-organization of Barclays Corporate Banking.

Founded in 1997