Senior Manager, Capital Markets

About the role

Rippling is a global fintech operating across software, payments, and lending, moving $100Bn+ across payroll, cards, and payment products. Capital Markets is the foundation that enables our lending business to scale - securing the financing capacity and managing the capital that allows Rippling's financial products to grow without constraint.

This is Rippling's founding Capital Markets hire, reporting into our VP, Payments & Financial Services.

What You'll Do

• Define Capital Markets Strategy: Set the roadmap for expanding Rippling's financing capacity - evaluating new structures, monitoring market opportunities, and presenting recommendations to senior leadership.
• Build and Manage Capital Markets Relationships: Serve as Rippling's primary point of contact with lenders, institutional investors, banks, and rating agencies.
• Serve as the go-to person for sourcing and executing financing transactions, identifying new financing opportunities, structuring facilities, and leading negotiations through close across warehouse lines, securitizations, whole loan sales, and forward flow agreements.
• Own Capital Markets Reporting: Produce all lender-facing reporting - servicer reporting, covenant compliance, and portfolio performance.
• Collaborate Cross-Functionally: Work with Legal, Finance, and Risk on deal structuring, documentation, and closing. Own the counterparty relationship and deal outcome throughout.
• Manage Investment Strategy: Own the deployment strategy for Rippling's corporate treasury and customer float, balancing yield, liquidity, and risk objectives.
• Build Scalable Infrastructure: Establish the processes, reporting frameworks, and analytical tooling for the Capital Markets function.

What You'll Need

• 8+ years of experience in capital markets, structured finance, or debt capital markets - prior experience at a fintech is required.
• Deep expertise in ABS/securitization, warehouse lending, and structured finance, with a track record of structuring and executing transactions from inception through closing.
• Proven experience managing institutional lenders, investors, banks through sourcing, negotiating, closing, and ongoing management.
• Demonstrated familiarity with rating agency processes, including managing diligence, surveillance, and ongoing agency relationships.
• Strong financial modeling and analytical skills - able to build and own cash flow models, portfolio analytics, and performance reporting.
• Ability to operate with high autonomy in an unstructured environment.
• Proficiency in G-Suite and AI tools, with demonstrated ability to leverage AI agents to automate workflows, analysis, and reporting.
• Exceptional written and verbal communication skills - able to present deal terms, strategy, and performance clearly to executive leadership and external counterparties.
• Experience managing corporate treasury or cash investment strategy.