Capital Markets Director, Block
$198-297k
This role is also eligible to participate in Block's equity plan
Financial services ecosystem
Job no longer available
Financial services ecosystem
1001+ employees
Job no longer available
$198-297k
This role is also eligible to participate in Block's equity plan
1001+ employees
Company mission
To create better tools to help everyone access the economy.
Role
Who you are
- 12+ years of relevant industry experience with institutional sales, debt capital markets, structured finance, and/or investor relations
- Experience in consumer and small business lending
- Experience in the delivery and management of financing transactions (loan sales agreements, warehouse lending agreements)
- Leadership skills with a proven ability to innovate
- Superior organization and time management skills partnering with a global team
- Excellent verbal and written communication skills
- Experience with SQL or Python is a plus
What the job involves
- As a member of the Asset Backed Capital Markets team, you will play a key role in the strategic planning and capital markets needs of the various lending businesses within Block
- Block has lending vertices that serve small businesses and vertices that serve consumers
- Included are more developed products like Square Loans to small business and Afterpay receivables to consumers as well as newer products in development like Cash Borrow, Loans and Advances to International Square sellers
- You will be responsible for managing third party institutional relationships, sourcing and onboarding investors and lenders, and designing new structures to help fund Square Loans
- Additionally, you will serve as a secondary point of contact for investors and lenders for Block's other lending products
- You will support the continued expansion of Block's various lending businesses, and help product teams improve lending products across the Block ecosystem
- You will report to the Head of Asset Backed Capital Markets
- Design, document, and implement fundraising structures and strategies including but not limited to forward flow arrangements, warehouse and other leverage facilities and securitizations
- Identify and maintain effective relationships with key internal and external stakeholders including banks, institutional investors, legal counsel, auditors and business units
- Advise management and key stakeholders on market color and investor sentiment for strategic decision making
- Support initiatives to incorporate newer lending products into Square's de novo bank
- Partner with Block Treasury, Investor Relations and Finance & Strategy teams to develop a framework for balance sheet management across all lending products
- Contribute to Block’s funding growth strategy, product roadmap, and performance tracking by analyzing and evaluating current systems, capabilities and structures
- Coordinate with the product and data teams to understand asset performance metrics and develop reporting for compliance purposes
- Maintain and own policies, operational procedures and risk oversight
- Represent Block Capital Markets at various conferences and panels, as required
- Providing coaching and mentoring to individuals and teams to build capital markets capabilities
- Overall, this role is critical to the ongoing success of Block’s lending products and will provide an excellent opportunity for the right candidate to make a meaningful impact and strengthen their skills in the areas of strategy development and execution
Our take
Block is a financial services technology company comprising of Square, Cash App, Spiral, TIDAL, and TBD. Its biggest brand, Square, offers hardware and software for small to medium-sized businesses enabling them to manage the entire payment lifecycle. It functions similarly to Shopify and Stripe, but has paired online payment processing with physical devices such as registers, payment terminals, and mobile card readers.
The business was originally founded as Square in 2009 by Jack Dorsey of Twitter fame. Already well-established with SMEs all over the globe, Square has significantly benefited from the increased demand for mobile payment systems. Its order management feature remains a go-to tool for small businesses that otherwise didn't have the proper infrastructure in place when demand for home delivery surged.
Square rebranded as Block in December 2021, with the Square brand name remaining in place for their seller business. The company has since come under fire for its security practices, facing lawsuits in relation to a major breach of CashApp user data, and in 2024 announced plans to reduce its workforce in order to cut costs. Despite these setbacks, there is every chance the business will move past this, though it may take some time to rebuild trust in its product.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
19% employee growth in 12 months
Company
Company benefits
- Healthcare coverage (Medical, Vision and Dental insurance)
- Health Savings Account and Flexible Spending Account
- Retirement Plans including company match
- Employee Stock Purchase Program
- Wellness programs, including access to mental health, 1:1 financial planners, and a monthly wellness allowance
- Paid parental and caregiving leave
- Paid time off (including 12 paid holidays)
- Paid sick leave (1 hour per 26 hours worked (max 80 hours per calendar year to the extent legally permissible) for non-exempt employees and covered by our Flexible Time Off policy for exempt employees)
- Learning and Development resources
- Paid Life insurance, AD&D, and disability benefits
Company HQ
SoMa, San Francisco, CA
Leadership
Jack Dorsey
(CEO)Having studied at and dropped out of New York University, Jack founded Twitter in March 2006, where he has served as CEO since. He co-founded Square with Jim in February 2009, and has remained its CEO ever since.
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