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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 Our customers launch their own mortgage offering from scratch or seamlessly migrate from outdated legacy tech stacks to our programmatic mortgage infrastructure.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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What You Should Know About Director, Head of Capital Markets, Pylon

At Pylon, we're redefining mortgage origination with our innovative programmatic mortgage infrastructure platform. As the Director, Head of Capital Markets, you'll play a pivotal role in shaping and executing our Capital Markets strategy right here in the vibrant heart of New York City. We're looking for a strategic thinker who's not afraid to roll up their sleeves and dive into daily operations while also driving forward-looking innovations that could transform how mortgage capital is priced and allocated. You'll manage trade execution and risk management, ensuring that we deliver excellence now while preparing for future growth. Your strong relationships with institutional buyers will be key as you oversee current partnerships and seek new ones that align with our progressive vision. This is not just about maintaining the status quo; it’s about embracing change and positioning Pylon as a leader in the industry. In collaboration with our product, engineering, and operations teams, you'll provide valuable insights to develop new loan products that meet market demand and investor appetite. If you’re ready to build a high-performing Capital Markets function from the ground up and make an immediate impact on our success, this is the role for you. Join us as we scale our operations and change the landscape of mortgage capital for the better.

Frequently Asked Questions (FAQs) for Director, Head of Capital Markets Role at Pylon
What does the Director, Head of Capital Markets role at Pylon involve?

The Director, Head of Capital Markets at Pylon is responsible for enhancing and executing the company’s Capital Markets strategy. This hands-on role not only requires overseeing day-to-day operations, trade execution, and risk management but also includes driving innovation within the mortgage capital market. If you're passionate about transforming the industry, this role offers a unique opportunity.

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

Candidates for the Director, Head of Capital Markets role at Pylon should have at least 7-10 years of experience in mortgage capital markets. This includes a strong understanding of both primary and secondary markets, established relationships with institutional buyers, and the ability to execute strategies in a fast-paced growth environment.

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How important is innovation in the Director, Head of Capital Markets job at Pylon?

Innovation is at the core of the Director, Head of Capital Markets role at Pylon. The person in this position will develop and implement transformative strategies that redefine how mortgage capital is accessed and allocated. Your creative approach will be vital in establishing Pylon as a forward-thinking leader in the industry.

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Can you describe the work environment for the Director, Head of Capital Markets at Pylon?

The work environment at Pylon, particularly for the Director, Head of Capital Markets, is dynamic and collaborative. You'll be based in New York City, working alongside a team passionate about innovation and efficiency. It's a space where adaptability is key, and new ideas are encouraged to thrive.

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What is the significance of partnerships in the Director, Head of Capital Markets role at Pylon?

Partnerships are crucial in the Director, Head of Capital Markets role at Pylon. You’ll manage relationships with existing takeout partners and actively seek out new ones that share our vision. These collaborations will help drive our initiatives and further our goals in the mortgage capital markets.

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What kind of candidates does Pylon seek for the Director, Head of Capital Markets position?

Pylon looks for candidates who are experienced and creative capital markets professionals for the Director, Head of Capital Markets role. Ideal candidates will have a proven record of innovation and operational excellence, strong analytical skills, and the ability to build relationships at the executive level.

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Is the Director, Head of Capital Markets role at Pylon remote or in-office?

The Director, Head of Capital Markets role requires a full-time in-office presence in either Menlo Park or New York City. This approach fosters collaboration and ensures that team members can effectively work together to achieve Pylon’s ambitious goals.

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Common Interview Questions for Director, Head of Capital Markets
Can you explain your experience with mortgage capital markets?

When answering this question, provide a detailed overview of your relevant experience in both primary and secondary markets. Highlight specific roles and responsibilities that showcase your abilities in trade execution and risk management, illustrating how your background aligns with the Director, Head of Capital Markets role.

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How do you approach innovation within capital markets?

Discuss your experience in driving innovation within capital markets, providing examples of changes you implemented that had a significant impact on operations. Emphasize your forward-thinking approach and willingness to challenge the status quo, which is essential for the Director, Head of Capital Markets position at Pylon.

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What strategies do you utilize for managing partnerships with institutional buyers?

Outline your strategies for building and maintaining relationships with institutional buyers. Focus on your communication skills, networking abilities, and any past successes in managing partnerships, which will be crucial in establishing strong ties at Pylon.

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Can you describe a time you successfully managed risk in capital markets?

Share a specific situation where you identified and mitigated risk in capital markets. Explain the steps you took and the outcomes, demonstrating your hands-on experience and analytical skills, which are vital for the Director, Head of Capital Markets role.

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What processes have you established in previous capital markets roles?

Discuss the processes you've developed or refined, such as trading systems, lock desks, or risk management tools. Emphasize your operational excellence, showcasing how these improvements can benefit Pylon's initiatives.

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How do you ensure alignment between capital markets and product development?

Explain your approach to collaborating with different teams, such as product and engineering, to ensure that capital markets insights are integrated into new product development. Highlight the importance of alignment with market demands and investor appetite for the Director role.

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What role do data and analytics play in your decision-making process?

Discuss how you leverage data to inform your capital markets strategies and optimize trade execution. Providing examples of data-driven decisions you've made will highlight your strong analytical skills, essential for the Director, Head of Capital Markets.

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How do you stay updated on industry trends in capital markets?

Share your methods for keeping up with industry news, trends, and changes in capital markets. This could include attending conferences, participating in relevant training, or engaging in professional networks, all of which emphasize your commitment to innovation in the Director role.

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What are your priorities when scaling a capital markets function?

Discuss your approach to recruiting and scaling teams within the capital markets function, focusing on building processes and capabilities that support growth. Highlight your experience in this area, which is key for the Director, Head of Capital Markets position.

Join Rise to see the full answer
Why do you want to work for Pylon as the Director, Head of Capital Markets?

Share your enthusiasm for Pylon’s mission and vision, and align your values and goals with those of the company. Your passion for transforming the mortgage industry and driving positive change will resonate well during the interview for the Director role.

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

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