Secondary Loan Closer

Posted Jan 29, 2021
Project ID: BCLYJP00005545
London , Greater London
3 months
(Feb 22, 2021 - May 21, 2021)
35 hrs/week
Payrate range

Secondary Loan Closer

PAYE only

Length: 6 months

Working hours: 9-6 PM


Manage a diverse portfolio of LMA secondary loan trades from trade date through to settlement. Working within a small team progressing both par and distressed trades, but with the main focus being par trades

What will you be doing?

  • The drafting and reviewing of LMA Par/Distressed trade documents; Trade Confirmations, Transfer Certificates, Sub-participation agreements, Multi-lateral netting agreements and Pricing Letters.
  • Management of trade documentation deal sites, and ensuring public/private Chinese wall is effectively controlled
  • Reviewing of Credit Agreements to assess transferability requirements and restrictions.
  • Liaising with the Operations trade settlements team to instruct the settlement of trades. Monitor the traders positions to ensure the trade and settled positions are reconciled at all times.
  • Keep senior members of the closing team and trade desk apprised of potential issues with documentation and trade settlements.


What we’re looking for:

  • 2-3+ years experience in the Secondary Loans Closing space covering
  • BA degree in finance, accounting, banking, investment is preferable
  • Financial services background is advantageous
  • Experience with Loan operations and Banking
  • Proficient in Microsoft Office including Excel and PowerPoint.

 Skills that will help you in the role:

  • Experience using ClearPar
  • Processing experience in ACBS
  • Ability to multi-task, be responsive and pro-active in seeking out and resolving tasks


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.

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