VP Capital Markets

The Petal Mission
Petal’s mission is to expand access to opportunity, by making responsible, modern financial services available to everyone. Founded in 2016, Petal provides technology-enabled credit cards to consumers who are historically underserved by mainstream providers. 


Petal pioneered automated cash flow underwriting, a transformative new approach to assessing consumer creditworthiness with the potential to expand access to tens of millions of U.S. consumers without credit history, or for whom traditional credit scores do not tell the whole story. We're looking for people with kindness, positivity, and integrity to join our team. At Petal, we welcome diverse perspectives from people who think rigorously and aren't afraid to challenge assumptions.


The VP, Capital Markets role
Petal is looking for a VP 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 VP 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

 
End to end ownership of debt financing for Petal
 
Responsible for running and negotiating corporate debt and warehouse deals
 
Interface directly with institutional investors on a daily basis, and build effective and lasting working relationships
 
Manage debt capital fundraising efforts, including corporate debt, warehouse and securitizations
 
Craft debt capital marketing documents and materials
 
Negotiate term sheets and definitive transaction documents with counterparties
 
Oversee Capital Markets team, including partnerships, analysis, and reporting activities
 
Contribute to strategic planning with the Petal leadership team



Characteristics of a successful candidate

 
Ability to lead a capital markets function, managing a team while coordinating with external financing partners - maintaining trust and confidence in the process
 
Exceptional capital market experience, 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, and an insatiable curiosity to learn



Nice-to-haves

 
10+ 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 classesInvestment banking background, with buy-side or operating experience being a plus



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