Capital Markets Manager, Block
$152.7-225k
Plus equity, employee stock purchase program and sign-on bonus available; Salary dependent on location
Financial services ecosystem
Job no longer available
Financial services ecosystem
1001+ employees
Job no longer available
$152.7-225k
Plus equity, employee stock purchase program and sign-on bonus available; Salary dependent on location
1001+ employees
Company mission
To create better tools to help everyone access the economy.
Role
Who you are
- 7+ 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 execution 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
What the job involves
- As a member of the Capital Markets team, you will support the strategic planning and capital markets needs of different 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 and newer products in development like Cash Borrow, and loans and advances to international Square sellers
- You will manage third-party institutional relationships, help source prospective lenders and investors and explore new structures to fund Block’s lending products
- You will support the continued expansion of Block’s different lending businesses and help product teams improve lending products across the Block ecosystem
- You will report to the head of Capital Markets
- Design, document, and implement fundraising structures and strategies including forward flow arrangements, warehouses, securitizations and other leverage facilities
- Identify and maintain relationships with institutional investors and leverage providers
- Advise management and key stakeholders on market color and investor sentiment for strategic decision-making
- Contribute to Block’s funding strategy, product roadmap, and performance tracking by analyzing and evaluating current systems, capabilities and structures
- Partner with Block Treasury, Investor Relations and Finance & Strategy teams to maintain a framework for balance sheet management across lending products
- Coordinate with the product and data teams to understand asset performance metrics and develop reporting for tracking purposes
- Maintain and own policies, operational procedures for risk oversight
- Represent Block Capital Markets at different conferences and panels
- Provide mentoring to individuals and teams to build capital markets and funding capabilities
- Overall, this role is important to the ongoing success of Block’s lending products and provides an excellent opportunity for you to make a meaningful impact to Block, its customers and partners
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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