Secondary Loan Closer Analyst Secondary Loan Closer Analyst …

Barclays
in Whippany, NJ, United States
Permanent, Full time
Be the first to apply
Negotiable
Barclays
in Whippany, NJ, United States
Permanent, Full time
Be the first to apply
Negotiable
As a part of the Wholesale Lending Team, you will maintain a portfolio of Par/Distressed LSTA loan trades from trade date through to settlement. This role will oversee and be a part of the team progressing a high volume of both par and distressed trades and ensuring effective client service.

Secondary Loan Closer
Whippany, NJ

As a part of the Wholesale Lending Team, you will maintain a portfolio of Par/Distressed LSTA loan trades from trade date through to settlement. This role will oversee and be a part of the team progressing a high volume of both par and distressed trades and ensuring effective client service.

What will you be doing?
*You will be drafting and reviewing of LSTA Par/distressed trade documents; Trade Confirmations, Transfer Certificates, Sub-participation agreements, Multi-lateral netting agreements and Funding Memos, Purchase and Sale Agreements and Distressed Trade Claim documentation.
*You will liaison with trade counterparties, agent banks, legal counsel, both internal and external as required to ensure documents are in order for a smooth settlement.
*Assist in 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 trader's positions to ensure the trade and settled positions are reconciled at all times.
*You will keep senior members of the loan sales and trading desk and closing team management of potential issues with trade settlements.
*Work alongside the KYC team to ensure all internal checks are complete prior to trade settlements.
*Working within a team reporting to the head of US Loan Closing, working closely with sales and trading desk, legal, and operations settlements.
*Primary systems: ACBS, MOC, WSO, ClearPar

What we're looking for:
*Bachelor Degree or equivalent experience
*1+ years of experience in par and distressed loan and trade claim closing.
*3+ years of experience using Microsoft Suite

Skills that will help you in the role:
*Commercial awareness
*Ability to balance priorities
*Good communication skills
*Organized, able to work under pressure and within tight deadlines

Where will you be working?
At Barclays, we are proud to be redefining the future of finance and here at Whippany we are defining the future of the workplace and the future of the way we work and live. We are creating a unique community, one of four strategic tech-enabled hubs that will redefine opportunity for everyone who works here. Whatever you do at Whippany, you'll have every chance to build a world-class career in this world-class environment.

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

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. It is the policy of Barclays to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, creed, religion, national origin, alienage or citizenship status, age, sex, sexual orientation, gender identity or expression, marital or domestic/civil partnership status, disability, veteran status, genetic information, or any other basis protected by law.

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. If you have a need for flexibility, then please discuss this with us.

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