Senior Capital Markets Counsel, Figure

$212.5-265.6k

+ 25% annual bonus target, paid quarterly and equity stock options package

Senior and Expert level

New York

More information about location

4+ days a week in office

Blockchain-powered digital lender

Job no longer available

Blockchain-powered digital lender

201-500 employees

FintechB2CPersonal financeMortgagesLendingInvestingBlockchain

Job no longer available

$212.5-265.6k

+ 25% annual bonus target, paid quarterly and equity stock options package

Senior and Expert level

New York

More information about location

4+ days a week in office

201-500 employees

FintechB2CPersonal financeMortgagesLendingInvestingBlockchain

Company mission

Figure's mission is to transform financial services through blockchain, bringing speed, efficiency and savings to both consumers and institutions.

Job

Company

Role

Who you are

We’re seeking a seasoned capital markets attorney with deep expertise in structured finance, securitization, and forward flow transactions
J.D. and active membership in good standing with at least one U.S. state bar
8+ years of experience in capital markets and structured finance at a top law firm; experience in-house at a fintech, bank, or issuer a plus
Expertise in loan securitizations, warehouse financing, and loan sale transactions; experience in the residential loan space a plus
Strong contract drafting and negotiation skills with a track record of managing complex deals
Proactive, self-directed mindset with strong commercial judgment and a solutions-oriented approach
Ability to thrive in a fast-paced, evolving environment and work cross-functionally across teams
Interest or experience in blockchain applications within capital markets is a plus

What the job involves

In this role, you’ll lead the legal execution of Figure’s capital markets strategy and play a key role in our relationships with lenders, investors, and rating agencies. You'll also support our innovative use of blockchain technology to modernize the capital markets infrastructure
Lead the structuring, drafting, and negotiation of forward flow, warehouse, and securitization agreements for Figure products including HELOCs and closed-end mortgages
Collaborate with Finance and Capital Markets teams to build and execute financing structures, including blockchain-based securitizations
Manage relationships and negotiations with investors, rating agencies, lenders, and other capital markets participants
Provide legal guidance on compliance and regulatory matters related to asset-backed securitizations and structured finance transactions
Support Figure’s strategic initiatives to enhance capital markets efficiency through blockchain technology and tokenized assets

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

Led by a woman

Top investors

-15% employee growth in 12 months

Glassdoor (3.5)

Trustpilot (4.8)

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 HQ

Chinatown, San Francisco, CA

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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