Director of Capital Markets, Figure
$190-215k
+ 25% Annual bonus target, paid quarterly + 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
$190-215k
+ 25% Annual bonus target, paid quarterly + 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
- 8 years of experience in capital markets, structured finance or investment banking within the residential mortgage or HELOC space, with a deep understanding of broad loan funding structures
- A strong track record of driving funding strategies and executing complex transactions
- Ability to develop and execute funding strategies in dynamic market conditions
- Exceptional relationship management skills with a history of cultivating and maintaining strategic partnerships with institutional investors, warehouse lenders and other key market participants
- Skilled negotiator with a strong track record of securing favorable funding terms, optimizing deal structure
- Ability to collaboratively engage and influence internal cross-functional stakeholders
- Comprehensive business acumen of the lending business and knowledge of regulatory and compliance frameworks affecting loan funding
- Experience working at a fintech and/or in a fast-paced high-growth environment with a proven ability to adapt and execute within evolving internal strategy and external market dynamics
- Experience in mortgage and consumer banking, whole loans and asset-backed securities; capital markets, hedging, trading, pricing; securitization; and regulatory compliance
- Exceptional written and communication skills, and ability to concisely explain complex insights to a range of audiences
- Comfortable navigating ambiguity and shifting priorities in a fast-paced, high-growth environment
- Strong team player and comfortable interacting with partners across multiple teams and at varying levels of seniority
- Extensive modeling skills, and capacity to use Intex and Bloomberg in a professional daily setting
- Strong network in the financial sector with institutional investors and funds, specifically in consumer and residential loans
What the job involves
- As the Director, Capital Markets, you will play a critical role in securing and optimizing loan funding sources and structures to drive the success of our $7bn+ per annum lending business
- You will collaborate closely with Credit, Product and Finance teams to develop innovative, scalable and profitable funding solutions that enhance market competitiveness while expanding consumer access to credit
- In this role, you will design and execute capital markets strategies, ensuring seamless and cost-effective access to capital through institutional investors, warehouse lenders, and key market participants
- Your expertise in whole loan trading, structured finance and relationship management will be instrumental in securing diverse funding channels, optimizing liquidity, and driving sustainable growth
- Drive the expansion and diversification of loan funding sources to support HELOC originations, ensuring cost-efficient and flexible access to capital
- Strategically secure, structure and optimize funding mechanisms, leveraging a mix of forward flow, whole loan sales and other structured finance solutions
- Develop and implement innovative capital strategies that enhance liquidity, lower funding costs and deliver market yields while ensuring alignment with market dynamics
- Cultivate and manage strategic partnerships with institutional investors, warehouse lenders, and key market participants to optimize funding terms and enhance market liquidity in HELOCs and other products
- Advocate for and broaden market acceptance of automated underwriting and verification models, demonstrating their ability to enhance risk assessment, improve credit decisioning and drive superior loan performance
- Leverage data-driven insights to educate stakeholders, foster confidence in Figure’s credit policies and expand adoption across diverse capital sources
- Oversee capital markets transactions while ensuring adherence to regulatory requirements, investor guidelines, and risk management framework
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
-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 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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