Barclays

Vice President, Distressed Loan Closer

Barclays$140K — $195K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of experience in loan closing processes especially with distressed and equity trades.
  • Proficient in major systems like Clearpar, Loan IQ, and Broadridge.
  • Strong analytical skills with attention to detail in multi-layered transactions.
  • Excellent communication skills, both written and verbal.
  • Ability to work autonomously and collaboratively within teams.

Responsibilities

  • Manage operations and compliance within the loan closing area.
  • Analyze operation data to identify process improvement opportunities.
  • Collaborate with internal and external stakeholders for efficient operations.
  • Coach and support team members for enhanced delivery quality.
  • Develop KPIs to assess operational effectiveness and drive improvements.
  • Ensure adherence to regulatory requirements and policies.
  • Foster a safe environment for feedback and employee engagement.

Benefits

  • Comprehensive medical, dental, and vision insurance.
  • 401(k) retirement plan with employer contributions.
  • Generous paid leave programs for various circumstances.
  • Access to professional development resources and training opportunities.
  • Eligibility for performance-based incentive awards.
Full Job Description
Job Description

Purpose of the role

To manage operations within a business area and maintain processes, risk management initiatives and compliance with relevant regulators.

Accountabilities

  • Identification of trends and opportunities to improve areas and develop new process and procedures through the monitoring and analysis of operation data and performance metrices.
  • Management of operations for a business area and promote efficient processes, risk management and compliance initiatives to support the bank's operations.
  • Collaboration with internal stakeholders (including business leaders, project manager and SMEs) and external stakeholders (including vendors and service providers) to support business operations and promote alignment with the bank's objectives and SLAs.
  • Management of operational professionals and provide guidance, coaching and support to improve colleagues' delivery quality.
  • Management and development of KPIs to measure the effectiveness of operation functions, utilising data and technology to support the identification of areas that require improvement.
  • Compliance with all regulatory requirements and internal policies related to customer experience.
  • Creation of a safe environment for colleagues to speak up, actively and regularly encourage and solicit feedback to ensure people agenda remains focused on the right areas.
  • Management of attrition by working closely with HR in implementing retention initiatives for work force.

Vice President Expectations

  • To contribute or set strategy, drive requirements and make recommendations for change. Plan resources, budgets, and policies; manage and maintain policies/ processes; deliver continuous improvements and escalate breaches of policies/procedures..
  • If managing a team, they define jobs and responsibilities, planning for the departments future needs and operations, counselling employees on performance and contributing to employee pay decisions/changes. They may also lead a number of specialists to influence the operations of a department, in alignment with strategic as well as tactical priorities, while balancing short and long term goals and ensuring that budgets and schedules meet corporate requirements..
  • If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviours are: L 6 Listen and be authentic, E 6 Energise and inspire, A 6 Align across the enterprise, D 6 Develop others..
  • OR for an individual contributor, they will be a subject matter expert within own discipline and will guide technical direction. They will lead collaborative, multi-year assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will train, guide and coach less experienced specialists and provide information affecting long term profits, organisational risks and strategic decisions..
  • Advise key stakeholders, including functional leadership teams and senior management on functional and cross functional areas of impact and alignment.
  • Manage and mitigate risks through assessment, in support of the control and governance agenda.
  • Demonstrate leadership and accountability for managing risk and strengthening controls in relation to the work your team does.
  • Demonstrate comprehensive understanding of the organisation functions to contribute to achieving the goals of the business.
  • Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategies.
  • Create solutions based on sophisticated analytical thought comparing and selecting complex alternatives. In-depth analysis with interpretative thinking will be required to define problems and develop innovative solutions.
  • Adopt and include the outcomes of extensive research in problem solving processes.
  • Seek out, build and maintain trusting relationships and partnerships with internal and external stakeholders in order to accomplish key business objectives, using influencing and negotiating skills to achieve outcomes.

Join Barclays and our Loan Closing team as Vice President, Distressed Loan Closer and take accountability of a dynamic portfolio of Par, Near9Par, and Distressed trades booked by the Trading Desk. In this role, you will navigate a fast9paced environment where precision, sound judgment, and considerable analytical capability are essential to mitigating risk and ensuring timely settlement. You9ll partner closely with trading, settlements, and other key functions to resolve highly detailed fixed9income and equity transactions, while applying your knowledge across loan distributions, restructurings, and system workflows. Success in this role requires a high level of accountability, technical proficiency across core platforms, and the ability to adapt quickly as deal structures and priorities evolve.

To be successful in your role as Vice President, Distressed Loan Closer, you should have:

  • Extensive Loan closing experience with Par/Distressed/Equity trade closing

  • The ability to work closely with trading and settlement functions investigating multi-layered fixed income and equity transactions. Prior experience with loan distributions and reorganization events

  • The aptitude to learn new software/applications

  • Proficiency in using Microsoft Office applications, Clearpar, Loan IQ

  • Broadridge, BPS, Impact, Gloss (Equity and Fixed Income systems experience)

Other highly valued skills may include:

  • Collaborative contributor with a solid work ethic and attention to detail

  • Good people skills, written and verbal communication

  • The ability to work autonomously and take full responsibility for defined tasks

You may be assessed on the key critical skills relevant for success in this role, such as risk and controls, change and transformation, business acumen, strategic thinking, digital and technology, as well as job-specific technical skills.

This role is located in Whippany, NJ, with a secondary location in Wilmington, DE.

Minimum Salary: $140,000.00

Maximum Salary: $195,000.00

The minimum and maximum salary/rate information above include only base salary or base hourly rate. It does not include any other type of compensation or benefits that may be available.

Barclays employees are eligible for a suite of competitive and generous employee benefits, including medical, dental and vision coverage, 401(k), life insurance, and other paid leave for qualifying circumstances.

This position is eligible for an incentive award.

About Barclays

Barclays is a British multinational investment bank and financial services company. The company was founded in 1690 and is headquartered in London, England. Barclays provides a range of financial services, including retail banking, corporate banking, investment banking, and wealth management. The company operates in over 40 countries and has over 83,000 employees. In 2020, Barclays reported revenue of £21.8 billion and net income of £1.5 billion. The company is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
Learn more about Barclays
Size
81,600 employees
Market Cap
$30.2 billion
Industry
Net Income
$2.3 billion
Founded
1997
5 Year Trend
-5%
NASDAQ

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