Capital Markets Associate

Prodigy Finance - who are we?

Prodigy Finance is a UK fintech specialist lender which delivers socially responsible financial services. We enable postgraduate students from more than 120 countries to fulfil their dream of studying at the world’s top universities and business schools while delivering competitive financial and social returns to institutional, impact and private investors.

Our borderless and innovative model enables student loan financing across the globe whilst using predicted earnings after completing an MBA or Master's. Since 2007, the Prodigy Finance platform has extended over US$2 billion to fund over 40,000 students.

We are backed by leading global financial institutions, including venture capital from Index Ventures, Balderton Capital, and Rand Merchant IH. Our asset-backed debt is funded by, amongst others, Citi, Goldman Sachs, Schroders, the US International Development Finance Corporation and the Canadian Pension Fund Investment Board. Prodigy also issues asset-backed securitisations, which Moody’s and KBRA have rated.

The company is headquartered in London and has significant operations and headcount in South Africa, India and the USA. India is the largest market where Prodigy’s customers come from, and the USA, by far, is the largest destination for universities that customers attend.

About the Capital Markets Team:

The London-based Capital Markets team is responsible for originating and executing debt transactions that provide funds for student lending businesses. The range of transactions includes forward flows, bank warehouse facilities, development bank/ agency lending, publicly-rated asset-backed securitisation and social bonds. The team's counterparties include a range of top-tier global investment banks, development banks and agencies, asset managers, credit funds, and family offices, mostly in North American and European markets.

About the role:

This role is a fantastic opportunity to work in an international fintech company's growing debt capital markets team. Given the small nature of the team, the candidate will need to be adaptable in this mid-level role and handle both junior and senior-level work. The role will also involve mentoring and training junior colleagues.

Overall, the candidate will have the opportunity to step up and manage complex structured finance transactions and key investor relationships. This is an excellent chance for an experienced, motivated, structured credit specialist to shine in an international environment.

The position is London-based and candidates should expect to work a minimum 3 days per week in-person and be able to work 5 days as necessary depending on deal flow etc. Our London office is in Soho.

Qualifications & Experience:

• Consistent experience in asset-backed finance, structured credit, securitisation and debt capital markets. Ideally, a professional from a leading investment bank, rating agency, or retail lender/fintech funding team.
• Minimum 5 years of professional experience with consideration also given to longer track record.
• Relationship management experience with financial institutions and credit funds; rating agency relationship management a plus. Great communicator, people person, professional presenter, and brand ambassador.
• Cash flow modelling & data analytical skills with experience using Moody’s Analytics, Intex or a competitor platform.
• Experience managing, reviewing and executing asset-backed warehouse or ABS documentation, offering circulars or similar with relevant legal knowledge.
• Team fit is crucial, and the candidate should be approachable, easy-going, flexible, bright, motivated, energetic, independent, organised, creative, resilient, accurate, and ethical.
• Must be adaptable to change and the fast pace of a dynamic fintech specialist lender. Have a get-things-done attitude and a record of leading and taking responsibility for projects.
• Possess a relevant bachelor’s degree or equivalent qualification (ideally finance, statistics, mathematics, accounting, law or economics) and have an excellent academic and professional record, with CFA as a plus.