Secondary Loan Distressed Closer VP

Location: London, Canary Wharf (E14 5AB)
Salary: Up to £110,000 per annum
Hybrid Working: 3 days in the office per week

We are recruiting on behalf of a global, tier-1 bank that is looking for an experienced Secondary Loan Distressed Closer VP to join their dynamic team in London. This is an exceptional opportunity to work with a leading institution, supporting a high-performing Secondary Loans Trading team.

About the Role

As a VP Distressed Closer , you will play a critical role in ensuring the smooth and timely closing of Claims, Distressed, and all offline traded secondary loan transactions. You will work closely with internal and external legal counsel and counterparts to mitigate risk and enhance efficiency in the closing process.

This role offers the opportunity to engage with key stakeholders across the business, gain exposure to a diverse portfolio of loan assets, and contribute to process improvements within the Secondary Loan Trading (SLT) team.

Key Responsibilities

• Manage a portfolio of traded loans, including LMA, LSTA Par, Distressed, and Claims trades.
• Ensure all documentation complies with procedural and audit requirements for LSTA and LMA PAR, Claims, and Distressed trading.
• Liaise with internal and external legal teams to provide feedback on distressed and claims traded documents, overseeing the full trade lifecycle from execution to settlement.
• Maintain and update trade records in the bank’s systems
• Resolve long-outstanding trades by proactively driving closure and mitigating potential risks.
• Respond to internal and external queries in a timely manner, escalating issues when necessary.
• Collaborate closely with Sales, Trading, Legal, and Closing teams to facilitate seamless trade processing.
• Support SLT Settlements with process improvements, operational enhancements, and system upgrades.
• Monitor and manage inventory, ensuring critical deadlines are met and highlighting potential bottlenecks to traders.
• Facilitate efficient trade settlement, including the use of multi-lateral netting documentation where possible.

What We’re Looking For

• Minimum 5 years of experience in loan closing, with strong expertise in distressed trading.
• Extensive knowledge of loan products
• Proficiency in ClearPar systems.
• Strong understanding of LMA documentation and procedures.
• Excellent communication, negotiation, and time-management skills.
• Experience in regulatory initiatives and operational risk management.
• A proactive approach to root cause analysis and process improvement .
• Ability to collaborate across virtual teams and communicate effectively with stakeholders at all levels.

Why Join?

• Work with a global, tier-1 financial institution in a fast-paced, high-impact role.
• Competitive salary and benefits package.
• Hybrid working model (3 days in the office per week).
• Gain extensive exposure to the Secondary Loan Trading business and global debt markets.
• Be part of a team that values professional growth, operational excellence, and innovation.

If you’re ready to take the next step in your career and join a leading bank’s loan trading operations team, apply now and become part of a world-class financial institution driving the future of global markets.

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