Secondary Loan Closer
Overall Purpose of Role:
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
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.
Risk and Control Objective:
Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Barclays Policies and Policy Standards.
Candidate should have 5+ years experience in the Secondary Loans Closing space covering Par and Distressed transactions across both LMA and LSTA documentation.
Required skills include: organised and able to prioritise work in a high pressure environment with the ability to manage a diverse workload to tight deadlines. Demonstrate strong communication and decisions making skills and able to ‘think outside the box’. Candidate should be proficient in Microsoft Office including Excel and PowerPoint and have processing experience in ACBS
Essential Skills/Basic Qualifications:
Organised and able to prioritise work in a high pressure environment with the ability to manage a diverse workload to tight deadlines.
Demonstrate strong communication and decision-making skills and able to ‘think outside the box’.
Candidate should be proficient in Microsoft Office including Excel and PowerPoint.
Desirable skills/Preferred Qualifications:
Experience using ClearPar
Processing experience in ACBS
Ability to multi-task, be responsive and pro-active in seeking out and resolving tasks.
Barclays is a British universal bank. They are diversified by business, by different types of customers and clients, and by geography. Their 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 their service company which provides technology, operations and functional services across the Group.
We are an equal opportunity employer and we are opposed to discrimination on any grounds.
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.
Everything Barclays does is shaped by the five values of Respect, Integrity, Service, Excellence and Stewardship. Their values inform the foundations of their relationships with customers, clients, employees and contractors.
Barclays aims to foster a culture where individuals of all backgrounds feel confident in being themselves, feel included and empowered to add value.
We’re committed to providing a supportive and inclusive culture and environment for you to work in. This environment recognises and supports ways to balance your personal needs, alongside the professional needs of our business. Providing the opportunity for all our employees, globally to work flexibly empowers each of us to work in a way that suits our lives as well as enabling us to better service our customers’ and clients’ needs. Whether you have family commitments or you’re a carer, or whether you need study time or wish to pursue personal interests, our approach to working flexibly is designed to help you balance your life.
If you would like some flexibility then please discuss this with the hiring manager.