Capital Markets Associate

First Circle is the leading SME financial services company in the Philippines. We are building a credit-led, full-service SME neobank providing business banking, corporate cards, FX and payroll to increase customer wallet-share, customer lock-in and lower funding costs through deposits (retail and corporate). We have a $90m loan book today, up 150% yoy, and expect to end 2026 with $150m+ of assets and $350m+ in 2027.

We recently brought corporate cards product on line and have term sheets to acquire lending licenses in new SEA markets. Our business is growing rapidly in scale and complexity as we approach 400 staff and develop into a multi-product, multi-market company. We have $500m+ of financing needs across equity and debt over the next 2-3 years.

The Role

We are looking for a Capital Markets Senior Associate to drive end-to-end origination of new funding.

You will work closely with senior leadership across Finance, Legal, debt and equity funding, development of funding structures, relationship building, business intelligence, investor reporting. This is a hands-on, problem-solving role ideal for someone who wants to meaningfully contribute and grow within a high-growth fintech environment.

You will report to the CFO, Josh O'Donnell. Your role will require a significant amount of meetings with external parties and some travel across SEA to meet prospective investors.

Key Responsibilities

• Source and close new funding relationships inside target cost of funds
• Maintain and build a funnel of debt and equity investors
• Prepare clear, concise marketing materials to communicate with internal decision-makers and external investors, including pitch decks, teasers, and data rooms
• Support the structuring and execution of debt facilities and securitisations, working alongside legal counsel and lenders
• Own investor reporting and covenant compliance, ensuring accurate and timely delivery to funding partners
• Build and maintain financial models for facilities, structures, and scenario analysis
• Own negotiation of term sheets and facility agreements
• Build systems and processes that scale the capital markets operation

Requirements

• 3-6 years of experience in investment banking, structured finance, private credit, capital markets, or a related field
• Strong financial modelling and analytical skills
• Excellent written and verbal communication, with the ability to produce investor-grade materials
• A self-starter who thrives in a fast-paced, high-growth environment
• Comfortable with ambiguity and able to solve unfamiliar problems with minimal guidance
• Interest in fintech, financial inclusion, and emerging markets
• Willingness to travel across SEA as required

Benefits

• The opportunity to play a pivotal role in building a category-defining SME neobank
• Direct exposure to senior leadership and world-class investors, including the World Bank
• A steep learning curve across capital markets, structured finance, and fintech operations
• Competitive compensation and equity
• A hybrid working environment based in Hong Kong