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      Capital Markets Interview

      3 May 2018
      Anonymous employee
      San Francisco, CA
      Accepted offer
      Positive experience
      Average interview

      Application

      I applied through a recruiter. The process took 4 weeks. I interviewed at Affirm (San Francisco, CA) in Mar 2018

      Interview

      HIGHLY RECOMMEND APPLYING HERE! AMAZING COMPANY / PEOPLE! Overall, the interview process was very enjoyable, smooth and transparent. I can't rave enough about the people at Affirm - they're incredibly bright, while at the same time very humble. You're not only working with the best in the consumer FinTech industry, but some of the brightest minds in the Bay Area! The interview timeline included: 1) Initial call with the recruiter (~30 minutes) -- to gauge interest and general Capital Markets knowledge. 2) One-on-one meeting with the Head of Capital Markets (~1.5 hours) -- very detail-oriented interview that covered my background in structured finance (specifically working in the consumer finance space). Affirm's business model is incredibly interesting so I came out of this interview even more curious and excited by the job opportunity. 3) 7 x 45-minute interviews (2 via phone calls for those not based in San Francisco) with folks on the Capital Markets team or that interact frequently with the Capital Markets team (i.e. Legal, Credit / Risk, Product, Finance) -- to gauge my prior experience interacting with other teams, how I approach large projects, fit into the team / company, etc. The recruiters were very responsive, communicative and helpful throughout the process. I also asked to meet with several folks a second/third time to really ensure a great fit on the team and at the company. They were very accommodating throughout my experience.

      Interview questions [3]

      Question 1

      GENERAL: -Describe your resume. -Why are you interested in Affirm? -Why do you want to leave your current role? -What aspect of the open position are you most excited about?
      Answer question

      Question 2

      TECHNICAL: -How do you go about structuring a new deal (thinking through the deal terms... i.e. the balance between interest rates, size, risk profile, credit enhancement, etc.)? -Organize a deal structure from start to finish (to show how you would lay out on paper and your organizational skills).
      Answer question

      Question 3

      COMPANY SPECIFIC: -How do you think Affirm makes money? -How can Affirm offer 0% loans? What companies does this make more sense for?
      Answer question
      6