Distressed Loan Closer

Barclays UK; Glasgow; On-site; GBP 40,000 - 60,000; Full time

Job summary

Barclays UK is seeking a motivated Distressed Loan Closer in Glasgow to manage distressed loan trades. The role involves overseeing trades from execution to closing, ensuring accuracy and efficiency. Candidates should have experience in loan closing, knowledge of LMA documentation, and the ability to handle complex trades under tight deadlines.

Qualifications

• Experience in a loan closing or settlement role.
• Excellent knowledge of LMA loan documentation and settlement processes.
• Willingness to prepare manual documents.

Responsibilities

• Support daily Wholesale Lending activities including processing and reporting.
• Monitor lending operations for efficiency and compliance.
• Develop and implement procedures to mitigate risks.

Skills

Knowledge of LMA loan documentation

Ability to manage high volumes of complex trades

Clearpar knowledge

Job description

We are looking for a motivated and detail-oriented individual to join our team as a Distressed Loan Closer at Barclays, focusing on managing distressed and Loan Market Association (LMA) secondary loan trades. You will oversee trades from execution to closing, ensuring processes are handled accurately and efficiently.

To succeed as a Distressed Loan Closer, candidates should have experience with:

• Previous experience in a loan closing or settlement role.
• Excellent knowledge of LMA loan documentation, rules, regulations, and settlement processes.
• Ability to manage high volumes of complex trades under tight deadlines.
• Knowledge of Clearpar, with willingness to prepare manual documents.

This role is based at our Glasgow office.

Purpose of the role

Support Wholesale Lending with daily processing, review, reporting, trading, and issue resolution.

Accountabilities

• Support daily Wholesale Lending activities, including processing, reviewing, reporting, trading, and issue resolution.
• Monitor lending operations for efficiency, effectiveness, and regulatory compliance.
• Collaborate across teams to align and improve processes.
• Identify improvement areas and recommend changes.
• Develop and implement procedures and controls to mitigate risks and ensure operational efficiency.
• Create reports and presentations on performance and communicate findings to senior stakeholders.
• Identify industry trends and adopt best practices.
• Participate in projects to enhance efficiency and effectiveness.

Assistant Vice President Expectations

• Influence decision-making, contribute to policy, and ensure operational effectiveness.
• Lead a team in performing complex tasks, setting objectives, coaching, and appraising performance.
• Demonstrate leadership behaviors: Listen and be authentic, Energise and inspire, Align across the enterprise, Develop others.
• For individual contributors, lead collaborative assignments, guide team members, and identify new directions.
• Advise on complex issues and support risk mitigation and policy development.
• Manage risks and strengthen controls.
• Collaborate across areas, analyze data, and communicate complex information.
• Influence stakeholders to achieve outcomes.

All colleagues are expected to embody the Barclays Values of Respect, Integrity, Service, Excellence, and Stewardship, and to demonstrate the Barclays Mindset of Empower, Challenge, and Drive.