Capital Markets Associate, Figure
$93.5-112.2k
+ 25% bonus target + Equity stock options package
More information about location
Blockchain-powered digital lender
Be an early applicant
Blockchain-powered digital lender
201-500 employees
Be an early applicant
$93.5-112.2k
+ 25% bonus target + Equity stock options package
More information about location
201-500 employees
Company mission
Figure's mission is to transform financial services through blockchain, bringing speed, efficiency and savings to both consumers and institutions.
Role
Who you are
- This is an exciting opportunity for a detail-oriented professional with strong analytical skills, technical proficiency, and a passion for tackling complex challenges in a fast-paced environment
- Bachelor's degree in Applied Math, Engineering, Computer Science, Economics, or a related technical field. A Master's in a technical degree is a plus
- 2+ years of experience in a relevant position, or strong quantitative modeling background
- Proficiency in Python or other programming languages, with a focus in financial applications
- Understanding the general loan markets
- Understanding of RMBS/ABS market, deal structures, cashflow modeling
- Ability to manage multiple projects and work effectively in a fast-paced environment
- Analytical and detail-oriented with strong organizational, project management, and problem-solving skills
What the job involves
- As a Capital Markets Associate, you will play a key role in driving the company’s growth through securitization structuring, capital modeling, and investor engagement.
- Collaborating with internal teams and external stakeholders, you will assist in executing securitization transactions, optimizing deal structures, and developing detailed pricing models for RMBS/ABS products.
- You’ll prepare investor presentations, perform market analysis, and respond to inquiries, leveraging your technical expertise and financial acumen to deliver innovative solutions.
- Assist in aspects of structuring and execution of a securitization transaction by collaborating with internal and external stakeholders (investors, investment banks, rating agencies and legal counsel)
- Perform structure optimization, pricing and execution analysis
- Assist in maintenance of RMBS market and comparable issuer analysis and presentation materials used in investor meetings, updates and proposals
- Develop deep familiarity with transaction legal documents and relevant stakeholders
- Collaborate with capital markets, credit, product teams to enhance Figure’s pricing for new and existing loan products
- Run cashflow models using Excel/Intex for various RMBS/ABS asset classes, including rating agency stresses to understand impact to Figure’s profitability
- Develop an understanding of modeling tools, rating agency framework, and investor feedback to provide structural ideas/optimization for Figure’s new issues
- Regular execution analysis of RMBS/ABS debt transactions in the broader market
- Help prepare pitch and marketing materials for both internal and external use and in discussions with investors, rating agencies, and other interested parties
- Participate in meetings with sophisticated bond investors and respond to all investor queries
Our take
Figure handles loans and mortgaging. They are disrupting manual compensation surveys and traditional industry software with their blockchain platform, Provenance, which works as a registry, ledger, and exchange.
The company has branched from offering student loans into many products such as mortgages, personal loans, blockchain-based private credit and private investment opportunities. In 2020, they started seeking a national bank charter to simplify their business and offer better security.
The company is focusing on building blockchain-backed solutions and now offers its customers the option to leverage their cryptocurrency assets to get loans or mortgages and is one of the only companies to do so. Figure is betting heavily on the success of the $1 trillion cryptocurrency market and blockchain industry, and laid off 20% of its staff in July 2023 in preparation for an IPO bid. This IPO is targeted specifically at Figure's lending division, which saw massive growth over 2022 and 2023.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Few candidates hear
back within 2 weeks
-15% employee growth in 12 months
Company
Funding (last 2 of 4 rounds)
May 2021
$200m
SERIES D
Dec 2019
$103m
SERIES C
Total funding: $418m
Company benefits
- Continuing education stipend
- Paid parental leave
- Flexible paid time off
- Stock options
- Work from home opportunities
- Health insurance
Company values
- Transparent
- Entrepreneurial
- Positive
- Mission driven
Company HQ
Chinatown, San Francisco, CA
Articles
Leadership
Mike Cagney
(Executive Chair)After Master's at Stanford, Mike spent almost 6 years as Chairman of ReFlow Services and co-founding Social Finance in 2011. He used this experience to co-found Figure in January 2018, serving since as CEO.
June Ou
(President)Having studied at Stanford and founded CCO Solutions, June spent 5 years at Social Finance with Mike, rising to VP of Product Management. She left this position in October 2017 to co-found Figure the following January.
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