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Director, Leveraged Finance

Barclays • New York, NY 10001 • Posted 7 days ago

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In-person • Full-time • $225,000-$325,000/yr • Senior Manager

Job Highlights

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The Director of Leveraged Finance at Barclays is responsible for assessing and approving credit applications based on established credit policies, risk appetite, and regulatory requirements. This role involves analyzing financial information, evaluating creditworthiness, recommending credit terms and conditions, and monitoring the performance of approved lending to ensure responsible lending practices. The position requires a strong understanding of the US leveraged finance markets, extensive experience in Leveraged Finance transactions, and familiarity with all associated credit products and their risks.

Responsibilities

Analysis of lending applications, financial statements, credit reports, and other relevant documents to assess the borrower's creditworthiness and repayment capacity.
Monitoring the performance of approved lending, identifying potential risks and early warning signs of delinquency.
Evaluation of the risk profile of each application considering factors like industry trends, borrower financials, collateral, and market conditions.
Provision of independent credit decisions on lending applications, adhering to established credit policies, risk parameters, and regulatory requirements.
Development and implementation of appropriate course of action for troubled lending, including workout plans, restructuring, or collections.
Provide expert advice to senior functional management and committees to influence decisions made outside of own function.
Manage, coordinate and enable resourcing, budgeting and policy creation for a significant sub-function.
Escalates breaches of policies / procedure appropriately.
Foster and guide compliance, ensure regulations are observed that relevant processes in place to facilitate adherence.
Focus on the external environment, regulators, or advocacy groups to both monitor and influence on behalf of Barclays.
Demonstrate extensive knowledge of industry theories and practices within own discipline alongside up-to-date relevant sector / functional knowledge.
Use interpretative thinking and advanced analytical skills to solve problems and design solutions in often complex/ sensitive situations.
Exercise management authority to make significant decisions and certain strategic decisions or recommendations within own area.
Negotiate with and influence stakeholders at a senior level both internally and externally.
Act as principal contact point for key clients and counterparts in other functions/ businesses divisions.
Mandated as a spokesperson for the function and business division.

Qualifications

Required

Strong understanding of the US leveraged finance markets
Extensive experience in Leveraged Finance transactions
Familiarity with all associated credit products and their risks
Expert lender experience
Ability to support deal teams through early engagement and providing input into shaping and structuring transactions
Timely identification of adverse risks within portfolio and early engagement / referral to Special Asset Management where appropriate
Approval of utilization of sanctioned limits within discretion and approve excesses within authority of agreed limits and ownership of resolution

Full Job Description

Job Description

Purpose of the role

To assess and approve/decline credit applications based on established credit policies, risk appetite, and regulatory requirement and analysing financial information, evaluating creditworthiness, and recommending credit terms and conditions to ensure responsible lending practices.

Accountabilities

Analysis of lending applications, financial statements, credit reports, and other relevant documents to assess the borrower's creditworthiness and repayment capacity.
Monitoring the performance of approved lending , identifying potential risks and early warning signs of delinquency.
Evaluation of the risk profile of each application considering factors like industry trends, borrower financials, collateral, and market conditions.
Provision of independent credit decisions on lending applications, adhering to established credit policies, risk parameters, and regulatory requirements.
Development and implementation of appropriate course of action for troubled lending , including workout plans, restructuring, or collections.

Director Expectations

Provide expert advice to senior functional management and committees to influence decisions made outside of own function, offering significant input to function wide strategic initiatives.
Manage, coordinate and enable resourcing, budgeting and policy creation for a significant sub-function.
Escalates breaches of policies / procedure appropriately.
Foster and guide compliance, ensure regulations are observed that relevant processes in place to facilitate adherence.
Focus on the external environment, regulators, or advocacy groups to both monitor and influence on behalf of Barclays, when appropriate.
Demonstrate extensive knowledge of how the function integrates with the business division / Group to achieve the overall business objectives.
Maintain broad and comprehensive knowledge of industry theories and practices within own discipline alongside up-to-date relevant sector / functional knowledge, and insight into external market developments / initiatives.
Use interpretative thinking and advanced analytical skills to solve problems and design solutions in often complex/ sensitive situations.
Exercise management authority to make significant decisions and certain strategic decisions or recommendations within own area.
Negotiate with and influence stakeholders at a senior level both internally and externally.
Act as principal contact point for key clients and counterparts in other functions/ businesses divisions.
Mandated as a spokesperson for the function and business division.

All Senior 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 - Listen and be authentic, E - Energise and inspire, A - Align across the enterprise, D - Develop others.

All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship - our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset - to Empower, Challenge and Drive - the operating manual for how we behave.

Overall purpose of role

The person taking on the role will require a strong understanding of the drivers, opportunities and challenges of the US leveraged finance markets, have extensive experience in Leveraged Finance transactions and needs to be familiar with all associated credit products including their inherent risks as well as best practices with regard to the execution of protective legal documentation and other risk mitigants.

Key Accountabilities

Maintain integrity of credit risk function whilst ensuring that the team continues to fully support Front Office relationship and sales staff.
Use expert lender experience to support deal teams through early engagement and providing input into shaping and structuring transactions
Ensure timely identification of adverse risks within portfolio and early engagement / referral to Special Asset Management where appropriate.
Ensure that the approvals are within the defined Limits and Mandate and Scale set for the Sector.
Lead and participate in broader projects and initiatives for Risk

Stakeholder Management and Leadership

Act as a point of contact within WCS Risk for the various Sales, IBD, Coverage, Product, Portfolio Management, Multi-National Corporate Banking teams.
Development of personal contacts with all product teams and related support functions.
Counterparty/borrower due diligence, including participation in conference calls/meetings with client senior management, Relationship Executives, and Sales personnel.

Decision-making and Problem Solving

Approve utilization of sanctioned limits within discretion and approve excesses within authority of agreed limits and ownership of resolution.

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.

Salary / Rate Minimum: $ 225,000

Salary / Rate Maximum: $ 325,000

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.

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