Loans Specialist - RFR

Loans Specialist - RFR

Remote (with travel to Manchester offices when safe to do so)

PAYE only

Length: 6 months

As a Barclays Loans Specialist - RFR, you’ll play significant role in Barclays’ accommodation and execution of the LIBOR Reform program. This includes contributing to working groups and executing on both the current and future books of work. Knowledge of the LIBOR Reform that is occurring in the market is critical for candidates interested in this role at Barclays and will be central to successful candidacy.

What will you be doing?

· The Bank Debt Management/US Facility Capture (“BDM/USFCT”) will oversee the daily operations of the BDM/FCT team workflow for the loan transactions where Barclays is a lead agent or lender participant

·  The BDM/FCT AVP will review closing documentation to ensure it meets operational requirements and manage teams’ performance to ensure all financial closings are properly positioned to fund (as necessary) following engagement with the GLG Group, Syndicate and Credit Risk. 

· The BDM/FCT AVP will ensure all appropriate approvals, sanctions, documentation, and KYC are complete and in place to ensure efficient and timely closing.

·   Candidate must have the ability to review legal loan documentation and ensure it meets operational ABL requirements where applicable for agented and participation transactions

·  Working with Client Servicing and Letter of Credit Team in respect to any LC Issuances at closing that may be required under a Guarantee request for Agented transactions and act as lead with the respective teams in the US and UK

· Manage the associated closing process utilizing internal systems to complete the setup of a transaction profile and completion of post-closing functions across their portfolio.

· Coordinate primary assignment process with Primary Closing Operations team (for led deals) 

· Oversee the team’s ongoing asset management of high grade and leveraged loan facilities, including, but not limited to, collating and managing Borrower’s financial information and input on internal systems in capacity of Agent and Collateral Agent and posting on Syndtrak.

· Managing the deal flow pipeline and maintenance of data sites as it relates to Agency portfolio

· Supervise the processing of amendments/ waivers and consent requests from Borrowers which are technical in nature and included within the terms of the credit agreement on the internal systems and with Loan Operations.

· Handle routine operational support, review of compliance reporting for applicable pricing of Quarterly/Annual compliance certificates against the terms of the credit agreement and manage adhoc internal business partner questions.

· Answer Investor and business partner queries relating to the credit agreement/ loans within the team’s portfolio

·  Proactively maintain up to date pipeline across their portfolio

·  The BDM/FCT AVP will be an escalation point for off shore teams as it relates to their portfolio and team related matters

·  Undertake and adhere to all compliance requirements and internal policies applicable to this role

·  Oversee the booking process in ACBS, including building the deal size, pricing grids, amortization schedules, Barclays commitment amount, and for Agented deals, other lenders’ commitments.

· Review and approve the initial wires out of the bank for the closing of a new deal or amendment.

· Validate all borrowing notices, incumbency certificates, funds flows, perform wire call-backs to fund

·  Verifying the work of teams for NFAs and entries in ACBS/E-Serve/GBS, investigating and resolving complex cash breaks, position breaks and escalating to senior management where appropriate

· Agency roles will require strong client servicing skills and ability to communicate effectively with CFOs, treasury managers, controllers, etc.

·  Provide ‘best in class’ customer service (internal and external).

What we’re looking for:

·         Extensive experience in loan operations/syndicated loans

·         Capability to review and understand loan documentation and lending transactions

·         Working knowledge of primary lending systems: ACBS, ClearPar, WSO, Loan IQ, SyndTrak, Intralinks, DebtDomain, payments systems GBS,

·         Strong interpersonal skills, written and verbal communication

·         Team player with a strong work ethic and attention to detail

·         Proficient in using Microsoft Office applications

Skills that will help you in the role:

·  Ability to review legal loan documentation and ensure it meets operational ABL requirements for agented and participation transactions

·  The role requires a high level of attention to detail and interpersonal skills demonstrated by good oral and written communication. The successful candidate will be a team player who is friendly and confident when dealing with colleagues and third parties. The nature of the job requires the applicant to work to tight deadlines and be able to respond immediately to urgent requests.

· Capability to review and understand loan documentation, the Letter of credit product and lending transaction

· Ability to work very independently and take full ownership of defined tasks

·  Strong interpersonal skills, written and verbal communication

· Team player with a strong work ethic and attention to detail

· Proficient in using Microsoft Office applications

·  Experience in the lending process and ability to network effectively both internally and externally, and maintain/develop relationships with all stakeholders

· Very high level of initiative and self-motivation,

· Solid understanding of loan documentation and closing process

·  Aptitude to learn new software / applications

·  Keen risk awareness, ability to understand, identify and discuss risks associated with transactions they cover

·  Solid interest and knowledge in the loan market and financial terms

Where will you be working?

Remote, UK with some travel to Manchester offices

Interested and want to know more about Barclays? Visit home.barclays/who-we-are/ for more details.

About Barclays

Barclays is a British universal bank. We are diversified by business, by different types of customers and clients, and by geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group.

Our Values

Everything we do is shaped by the five values of Respect, Integrity, Service, Excellence and Stewardship. Our values inform the foundations of our relationships with customers and clients, but they also shape how we measure and reward the performance of our colleagues. Simply put, success is not just about what you achieve, but about how you achieve it.

Our Diversity

We aim to foster a culture where individuals of all backgrounds feel confident in bringing their whole selves to work, feel included and their talents are nurtured, empowering them to contribute fully to our vision and goals.

Our Benefits

Our customers are unique. The same goes for our colleagues. That's why at Barclays we offer a range of benefits, allowing every colleague to choose the best options for their personal circumstances. These include a competitive salary and pension, health care and all the tools, technology and support to help you become the very best you can be. We are proud of our dynamic working options for colleagues. Where appropriate, and for UK based roles, we will consider requests that the role be based at alternative Barclays’ key UK location from that advertised.

Dynamic working

Dynamic working gives everyone at Barclays the opportunity to integrate professional and personal lives. If you have a need for flexibility then please discuss this with the Hiring Manager.

Our dynamic working programme has been set up to help Barclays colleagues achieve an optimal work/life balance. Arrangements we offer range from working at home and changing regular hours to taking career breaks. Our Dynamic Working initiatives support colleagues at all stages of their lives, helping them with parenthood, caring, further studies and hobbies.