Director of Capital Markets, Current
$200-260k
Online banking & financial services
Be an early applicant
Online banking & financial services
201-500 employees
Be an early applicant
$200-260k
201-500 employees
Company mission
To build the future of banking
Role
Who you are
- 5-10 years combined experience in Corporate Treasury, Banking, and Corporate Finance – preferably with experience in a capital markets function and financial services
- Strong understanding of financial / operational risk and controls
- A team player mentality and are able to work on a variety of projects simultaneously and independently across multiple areas
- An interest in “getting hands dirty", a strong work ethic, and excel in a fast-paced environment
- Passion for improving financial outcomes for our members, strong interest in fintech, and knowledge of the industry
- Bachelor’s or Master’s in Finance, Accounting, or a quantitative field
- Strong math and quantitative analysis skills
- Strong financial modeling experience
What the job involves
- The Current Finance team is looking to hire a Director of Capital Markets to help fuel our growth with flexible, low-cost capital
- Lead Deal Activities:
- Help secure and maintain ample levels of efficient and flexible capital (equity, debt, and warehouse) by:
- Identifying and attracting prospective investors
- Crafting an investor story for specific financing opportunities
- Evaluating structuring alternatives and making recommendations
- Overseeing due diligence processes
- Executing and following through to deal closing
- Partner with Corporate Finance, Risk Management, and Treasury to ensure deals are modelled accurately in liquidity, risk, and financial planning
- Partner with Accounting team to ensure deals are properly onboarded, accounted for, and documented and all deal details are understood
- Support ongoing investor relations
- Support refinancing, upsizing, product, and underwriting enhancements as needed
- Support Capital Management and Corporate FP&A:
- Partner across Strategic Finance team to develop long-term balance sheet and cash flow forecasts to assist in capital markets analyses
- Build analytical models to evaluate capital structure decisions including financing, return of capital, liquidity planning, credit ratings, and contingency planning for review with senior leadership
- Partner with multiple Current business leaders to develop Treasury partnerships focused on reducing cost of capital and designing products that can be funded at an appropriate pace to ensure timely product launches
- Manage existing debt portfolio including covenant compliance and ensure proper alignment with risk management processes
Our take
Current is a neobank offering digital banking services, with a focus on younger generations and paycheck-to-paycheck customers. It offers a swathe of innovative services including on-demand pay and overdraft protection to people underserved by traditional institutions.
Younger customers are expected in the coming years to pivot from legacy institutions to the higher functionality and lower costs of consumer-first neobanks like Current. By netting an average customer age of 27, Current is establishing itself as a pack leader among rival but less well-funded neobanks like Step or Till.
It is also successfully competing with legacy institutions by exploiting the relatively adaptive nature of neobanking: Current has previously offered customers advanced access to stimulus checks, and is seeking to expand into crypto. The company continues to raise funding, the latest of which will help fuel growth and an accelerated path to profitability.
Steph
Company Specialist at Welcome to the Jungle
Insights
-2% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
Apr 2021
$220m
SERIES D
Nov 2020
$131m
SERIES C
Total funding: $392.6m
Company benefits
- Company equity
- Flexible vacation policy
- Commuter benefits
- Discretionary bonus program
- Work from home opportunities
- Medical, Dental & Vision
Company HQ
Little Italy, New York, NY
Leadership
Stuart Sopp
(Founder & CEO)Worked as a Trader for BNY Mellon and Deutsche Bank for a combined 9 years before serving as Head of Trading at Citi and Morgan Stanley. Left this role after 5 years to found Current in June 2015, working as CEO ever since.
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