Senior Director, Capital Markets

NYC or Remote

Full Time Senior-level / Expert
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Petal

Credit cards with cash back at many local businesses, no annual or international fees, high limits, and a mobile app that makes it easy to manage your money, track your spending and automate payments.

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The Capital Markets team
At Petal, we’re using fresh thinking and cutting-edge technology to make credit honest, simple and accessible. We use machine learning to analyze more data in our credit decisions, which means more people qualify, even if they’ve never had credit before. And we use behavioral science and smart, intuitive design to offer a simple, customer-centric product that’s engineered to achieve better financial outcomes -- with straightforward terms and no fees whatsoever. The result is an exciting new approach to credit that has the potential to radically expand credit access and improve the lives of millions of consumers, shaking up a trillion dollar industry in the process.
To do this, we’re bringing together exceptional talent from across disciplines and industries to shape the future of financial services and improve the lives of our customers in a meaningful way.
The Senior Director role
Petal is looking for a Senior Director of Capital Markets to lead our Capital Markets function to handle the tremendous growth in both our cardmembers and receivables. Capital Markets is responsible for developing and implementing the strategy for funding our loans - as well providing key inputs to Petal’s broader product development and strategy. The Senior Director will play a key role in developing and executing Petal’s Capital Markets strategy. 
The ideal candidate possesses strong technical skills, is an excellent written and verbal communicator, has prior capital markets and/or structured finance experience, has a sharp eye for details, and is always excited to learn.
This role will report into Petal’s Chief Financial Officer.

Key responsibilities

  • Interface directly with institutional investors on a daily basis
  • Manage debt capital fundraising efforts, including securitizations
  • Craft debt capital marketing documents and materials
  • Negotiate term sheets and definitive transaction documents with counterparties
  • Coordinate activities with accountants, lawyers, and financing partners
  • Financial modeling and analysis (e.g., excess spread, defaults, delinquencies)
  • Develop systems related to cash management, investor onboarding, and financial reporting
  • Participate in strategic planning with Petal leadership team

Characteristics of a successful candidate

  • Ability to lead a capital markets function, managing a small team while coordinating with external financing partners - maintaining trust and confidence in the process
  • Exceptional financial modeling skills, with an ability to work quickly with little oversight
  • Significant attention to detail, both in a quantitative and qualitative sense
  • Strong self-management, drive, and organizational skills 
  • Ability to multi-task in a fast-paced, ambiguous environment
  • Insatiable curiosity to learn

  • Nice-to-haves:
  • 7+ years structured credit experience at an ABS issuer (including online lending platforms), investment bank (FIG, or ABS banking or trading) or asset manager
  • Exposure to ABS financing transactions, as well as complex balance sheet modeling and forecasting
  • Direct exposure to multiple collateral types, including credit cards and other asset classes
  • Investment banking background, with buy-side or operating experience being a plus
  • STEM background and/or business degree (undergrad or MBA)
  • Experience with SQL or Python is a plus
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Job perks/benefits: Career development
Job region(s): North America
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