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Director, Head of Capital Markets

About the Company

Pylon is the programmatic mortgage infrastructure platform; Enterprise-grade APIs, connected directly to Wall Street, for building and automating mortgage originations at scale. Our customers launch their own mortgage offering from scratch or seamlessly migrate from outdated legacy tech stacks to our programmatic mortgage infrastructure. We're backed by prominent investors including Conversion Capital, Peter Thiel, QED, and Fifth Wall as well as the founders of Blend, Mercury, Ramp, and AngelList. As we scale, we seek a strategic and hands-on leader to build and refine our Capital Markets function. They’ll support our growth through tactical optimization and drive longer term, market altering innovation.

About the Role

The Director, Head of Capital Markets will play a critical role in enhancing and delivering the company’s Capital Markets strategy. This will be a hands-on role, requiring the successful candidate to roll up their sleeves and manage day-to-day operations. It will require ownership of trade execution and risk management, while simultaneously laying the foundation for scaling the function, and the future of mortgage capital, as the company grows. This is not a standard mortgage capital markets role and we hold high conviction for a paradigm shift in how mortgage capital is priced and allocated. The ideal candidate will be an experienced, creative Capital Markets professional with a track record of innovation, operational excellence and strong collaborative relationships with institutional buyers and takeout partners.

This role offers the unique opportunity to build a high performing unique Capital Markets function over time while having an immediate impact on the company's success.

Key Responsibilities:

  • Innovation and Industry Leadership: Develop the company’s reputation as the forward-thinking leader in programmatic mortgage infrastructure, leveraging capital markets expertise and collaborative relationships to redefine how mortgage capital is accessed.

  • Execution and Risk Management: Lead the day-to-day execution of the company's capital markets strategy, including managing trade execution, pricing, and risk in the secondary market. Build and implement robust processes across the origination process, including institutionalizing our lock desk and managing the transition from Best Efforts to Mandatory/Bulk execution.

  • Takeout Partner Relationships & Expansion: Manage relationships with existing takeout partners as well as identify and onboard new ones where appropriate. Develop relationships with all institutional buyers who share our vision of the future programmatic mortgage world and work hand in hand with them to bring it to life.

  • Product Development: Collaborate with product, engineering, GTM and operations teams to provide capital markets insights into the development and launch of new loan products and product infrastructure. Ensure new products are designed with capital markets considerations in mind, including alignment with market demand and investor appetite.

  • Build & Scale the Capital Markets Function: Over time, recruit, hire, and scale the team as the function grows, building out processes, infrastructure, and capabilities for a fully developed capital markets operation.

Required Qualifications:

  • At least 7-10 years of experience in both Primary and Secondary mortgage capital markets, with a proven understanding of the mortgage origination and secondary market processes.

  • Track record of hands-on execution within a fast-paced, growth-oriented mortgage company. Ability to manage near term capital markets needs whilst simultaneously building for the future.

  • Established relationships with a broad network of institutional mortgage buyers, including banks, hedge funds, and GSEs.

  • Strong analytical skills with experience leveraging data to inform decision-making, optimize trade execution, and measure capital markets performance.

  • Strong external-facing experience, with the ability to represent the company and its capital markets function to executive-level buyers and partners.

  • A forward-thinking, open-minded approach to the mortgage and capital markets landscape, with a willingness to drive change through innovation.

  • This role requires 5 days a week in office (Menlo Park or New York City locations)

Preferred Qualifications:

  • Experience working in an earlier-stage startup or high-growth environment, where adaptability and wearing multiple hats is essential.

  • Experience building or refining processes and infrastructure within a capital markets function, including lock desks, trading systems, and risk management tools.

  • Familiarity with the product development lifecycle in a mortgage company, particularly the integration of capital markets considerations into new product development

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Average salary estimate

$175000 / YEARLY (est.)
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What You Should Know About Director, Head of Capital Markets, Pylon

At Pylon, we're rethinking the way mortgage infrastructure works, and we're looking for an innovative Director, Head of Capital Markets to join our team in the bustling heart of New York City. As part of a programmatic mortgage platform that connects directly to Wall Street, you'll find yourself at the forefront of automating and scaling mortgage originations. This role is more than just a standard capital markets position; it requires a creative thinker who can navigate the complexities of trade execution and risk management while laying the groundwork for the future of mortgage capital. With our backing from influential investors like Peter Thiel and the founders of Blend, your expertise will play a crucial role in optimizing our Capital Markets strategy and establishing lasting relationships with institutional buyers. You'll work hand in hand with various teams to ensure that our product offerings not only meet market demand but also push the boundaries of innovation in the mortgage landscape. This is a fantastic opportunity for someone ready to take on a pivotal role that can truly shape Pylon's capabilities and contribute to a significant paradigm shift in the industry. If you’re ready to dive in and make a real impact, we want to hear from you!

Frequently Asked Questions (FAQs) for Director, Head of Capital Markets Role at Pylon
What are the key responsibilities of the Director, Head of Capital Markets at Pylon?

As the Director, Head of Capital Markets at Pylon, your key responsibilities include leading day-to-day trade execution and risk management, building relationships with institutional buyers, and collaborating closely with product and engineering teams to launch new loan products. You'll also focus on scaling the Capital Markets function, ensuring that our strategies align with the evolving mortgage landscape.

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What qualifications are required for the Director, Head of Capital Markets position at Pylon?

Candidates looking to apply for the Director, Head of Capital Markets role at Pylon should have at least 7-10 years of experience in both primary and secondary mortgage capital markets. A strong background in executing capital markets strategies within a fast-paced environment, along with established relationships in the industry, is essential for success in this position.

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What makes the Director, Head of Capital Markets role at Pylon unique?

The Director, Head of Capital Markets role at Pylon is unique because it goes beyond traditional responsibilities and encourages innovative thinking in how mortgage capital is priced and allocated. This position allows you to directly influence the company's growth while building a cutting-edge Capital Markets function that challenges the norms of the industry's infrastructure.

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What type of company is Pylon and what is its focus?

Pylon is a forward-thinking mortgage infrastructure company focusing on programmatic solutions through enterprise-grade APIs. Our mission is to help customers streamline and innovate their mortgage origination processes, enabling them to launch offerings or migrate from outdated tech efficiently.

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How important is collaboration in the Director, Head of Capital Markets role at Pylon?

Collaboration is critical in the Director, Head of Capital Markets position at Pylon. You'll work closely with cross-functional teams, including product development and engineering, to ensure market needs are met through product offerings. Building strong relationships with both internal teams and external institutional buyers will be key to driving innovation and success at Pylon.

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What is the company culture like at Pylon for the Director, Head of Capital Markets?

Pylon fosters a dynamic and innovative company culture, particularly suited for the Director, Head of Capital Markets role. We encourage creativity, adaptability, and a forward-thinking approach to challenges in the mortgage industry, enabling our leaders to explore new ideas and drive meaningful change.

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What is the desired work environment for the Director, Head of Capital Markets at Pylon?

The desired work environment for the Director, Head of Capital Markets at Pylon is collaborative and fast-paced, requiring presence in the office five days a week, either in Menlo Park or New York City. This setup encourages direct communication and teamwork, essential for driving our innovative capital markets strategies.

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Common Interview Questions for Director, Head of Capital Markets
Can you describe your experience in capital markets and how it relates to the role at Pylon?

When answering this question, highlight your specific roles and responsibilities in capital markets, emphasizing your hands-on execution experience. Discuss any innovative strategies you've implemented and how they align with Pylon's goals of redefining mortgage capital markets.

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How do you approach risk management in capital markets?

Discuss your systematic approach to risk management, including the tools and methodologies you’ve used in prior positions. It’s crucial to showcase your analytical skills and how you leverage data to inform your decisions while aligning them with Pylon's organizational goals.

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What strategies have you used to build relationships with institutional buyers?

Share specific examples of successful partnerships you've built in your career. Highlight your communication skills and how you align the needs of institutional buyers with your company’s offerings, ideally reflecting on how you could bring this expertise to Pylon.

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Describe a time you introduced innovation to a capital markets strategy.

You should provide a detailed example that outlines the challenge you faced, the innovative solution you implemented, and the outcome that resulted. This will illustrate your creative thinking and ability to adapt—qualities that Pylon values highly.

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How do you prioritize tasks when managing multiple projects in a fast-paced environment?

Discuss your methods for prioritizing tasks based on urgency and impact. Mention tools and best practices you use for project management and how teamwork and collaboration are essential in your prioritization process.

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What metrics do you believe are most important to evaluate capital markets performance?

Discuss key performance metrics you have monitored or managed in the past, such as trade execution effectiveness, pricing accuracy, and risk exposure. Relate this back to how you would apply those insights in your role at Pylon.

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How can you contribute to scaling the Capital Markets function at Pylon?

Provide insights into your experience building and leading teams, including recruiting and mentoring. Discuss your vision for scaling Capital Markets functions in alignment with Pylon’s growth trajectory and how your strategic mindset can facilitate that.

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Can you discuss your familiarity with the mortgage product development lifecycle?

Highlight your understanding of the product development lifecycle, particularly in integrating capital markets considerations. Your response should reflect your ability to collaborate effectively across departments to align new products with market demand.

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What excites you about working in the mortgage capital markets space?

This is your chance to showcase your passion for the industry. Discuss specific aspects of mortgage capital markets that motivate you, especially in how Pylon is pioneering innovative solutions, and how you want to be part of that transformation.

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How do you adapt to changes in regulations or market conditions?

Share your strategies for staying informed about regulatory changes and market conditions, emphasizing your proactive approach to adapting strategies and operations accordingly. This can include continuous education and building a responsive team culture.

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Full-time, on-site
DATE POSTED
November 26, 2024

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