{"id":1625514,"url":"https://alion.io/job/ornn-capital-markets","title":"Capital Markets","company":{"id":2095461,"name":"Ornn","domain":"ornn.com","url":"https://alion.io/company/ornn","size_band":"51-200","is_staffing_agency":false,"employer_type":"direct","is_intermediary":false,"listed_via":null,"ats_vendor":"Gem","truth_index":{"grade":"B","score":75,"open_postings":5,"ghost_share":0,"stale_share":1,"repost_share":0,"time_to_fill_p50_days":null,"computed_at":"2026-10-25T05:49:26Z"}},"role":"Finance","role_family":"Finance","seniority":"junior","employment_type":"full_time","work_mode":"on_site","remote_scope":null,"remote_scope_basis":null,"remote_working_hours":null,"hiring_geo_confidence":"structured","locations":["New York, United States"],"countries":["US"],"hiring_countries":[],"hiring_countries_total":0,"salary":null,"salary_estimate":{"min_usd":56000,"max_usd":108000,"period":"year","method":"role_seniority_country_remote_cell","sample_n":1983},"experience_years_min":2,"visa_sponsorship":false,"relocation_package":false,"has_equity":false,"technologies":[],"status":"live","first_seen_at":"2026-04-08T02:02:07Z","employer_posted_date":"2026-08-26","last_verified_at":"2026-10-25T14:09:43Z","board_verified":true,"closed_at":null,"days_open":200,"trust":{"level":"stale","repost_count":0,"flags":["stale"],"days_open":200},"description":"About Ornn\nOrnn is building the financial infrastructure for AI compute. Our price indices are live on Bloomberg Terminal. We structure and trade compute hedging instruments. And we're now building a platform that brings exchange-grade mechanics like order management, matching, scheduling, and settlement to how compute capacity gets reserved and allocated. We're a lean team in New York, backed by leading venture and strategic investors.\nAbout the Role\nOrnn Compute bundles compute reservations from non-investment grade tenants into diversified baskets that a neocloud can underwrite as a single, more creditworthy counterparty. This role will control the structuring of those baskets: how the tranching works, how credit enhancement layers in, how the pool performs under stress, and how it all gets presented to rating agencies and institutional buyers.\nYou will design the credit structures that sit at the core of Ornn's value proposition, working directly with the founders to define how tenant pools are composed, how risk is allocated across tranches, and how the resulting instruments are rated and distributed. You will be the person in the room with credit ratings agencies, walking them through pool composition, default correlation assumptions, and waterfall mechanics.\nThe role spans origination-side structuring and distribution-side positioning. You will work closely with Ornn's index and derivatives team to connect the structured products to our broader compute pricing infrastructure, and with engineering to ensure the platform can support the data and reporting requirements that rating agencies and investors demand.\nWhat You'll Do\nDesign and iterate on the credit structures that transform diversified pools of non-IG compute tenant offtake into rated, investable instruments.\nBuild and maintain the quantitative models that drive pool composition, tranche sizing, credit enhancement levels, and stress testing across various default and correlation scenarios.\nOwn the rating agency relationship end to end: prepare materials, lead presentations, respond to methodology questions, and manage the ongoing surveillance process.\nDefine the waterfall mechanics, subordination levels, and reserve account structures for each product variant.\nWork with the founders and legal counsel to structure the SPV and issuer-level documentation, ensuring alignment between the financial engineering and the legal architecture.\nDevelop the investor-facing materials, including offering memoranda, pool performance reports, and credit surveillance updates, that institutional buyers expect.\nWhat We're Looking For\nRequirements\n2+ years of experience in structured finance, securitization, or credit structuring at an investment bank, rating agency, specialty finance company, or structured credit fund.\nDirect experience building or analyzing cash flow waterfalls, tranche structures, and credit enhancement mechanisms for pooled asset classes (ABS, CLOs, CMBS, or similar).\nDemonstrated proficiency working with credit rating agencies on new issuance or surveillance, including preparing rating agency presentations and responding to methodology-driven diligence.\nStrong quantitative modeling skills.\nFamiliarity with the credit characteristics of non-investment grade corporate obligors, including how to assess creditworthiness for companies with strong revenue growth but limited credit history.\nClear written and verbal communication.\nNice-to-Haves\nExperience rating or analyzing the credit of technology companies, cloud infrastructure providers, or AI/ML companies specifically.\nBackground at a rating agency with direct exposure to new asset class methodology development.\nInterest in or exposure to securitized debt markets, including ABS, whole business securitization, or esoteric asset classes.\nGraduate degree from a top finance program (MBA, MFE, or equivalent).\nFamiliarity with GPU compute economics, datacenter infrastructure, or cloud capacity markets.\nWhy This Role Matters\nOrnn is creating a new asset class. The compute economy is scaling faster than the credit markets infrastructure that sits underneath it. Neoclouds need tenant diversity to derisk their revenue base, and institutional credit buyers need structures they can underwrite and rate. This role is the bridge between those two sides: you will define how compute offtake gets packaged into instruments that rating agencies bless and credit funds buy. In the near future, the structures you design will be the basis for Ornn's first rated issuance, and the methodology you develop with the agencies will set the template for how the market thinks about compute-backed credit.\nCompensation and Benefits\nBenefits include competitive salary, meaningful equity, health coverage, free meals, and additional benefits. This is a leadership role with significant strategic impact and equity upside.\nEqual Opportunity Statement\nOrnn is committed to building a diverse team. We evaluate candidates based on their ability to do the work, not on pedigree or background. We encourage applications from people of all backgrounds and experiences.","description_format":"text","description_chars":5125,"description_truncated":false,"requirements":{"experience_years_min":2,"management_years_min":null,"team_size_min":null,"manages_managers":false,"education":{"level":"master","optional":false},"security_clearance":false,"languages":[]},"benefits":["Equity"],"hiring_locations":[],"hiring_excludes":[],"relocation_offered":false,"industries":["AI Compute & Inference"],"lifecycle":[{"event":"open","at":"2026-10-01T20:57:44Z"}],"visa":[],"liveness":{"score":4,"band":"cold","label":"Long shot","p_open":1,"p_active":0.131,"p_room":0.28,"age_days":200,"expected_fill_days":28,"reasons":["conf:3","win:tail","crowd:junior"],"computed_at":"2026-10-25T05:49:26Z"},"pay":null,"html_url":"https://alion.io/job/ornn-capital-markets","json_url":"https://alion.io/job/ornn-capital-markets.json","meta":{"generated_at":"2026-10-25T15:35:01Z","cache_seconds":300,"methodology":"https://alion.io/methodology","terms":"https://alion.io/terms","contact":"https://alion.io/contact","api":"https://alion.io/developers","about":"Alion is a live layer of people, companies and AI agents: who they are, whether they are real and active right now, what they do and how to work with them, readable by people and by agents and paid per call.","catalog":"https://alion.io/catalog.json","usage":{"tier":"crawler_verified","counted_by":"address","units_charged":1,"used_today":22622,"day_limit":null,"remaining_today":null,"minute_limit":300,"resets_at":"2026-10-26T00:00:00Z"}},"offers":[{"id":"company.slices","title":"One company in depth, by slice","status":"live","price":{"credits":0.02,"usd":0.002,"plus_per_slice":{"credits":0.05,"usd":0.005}},"unit":"per company, plus each slice with data","note":"the employer in depth","call":{"mcp_tool":"get_company","arguments":{"id":2095461},"rest":"https://alion.io/mcp/rest/get_company?id=2095461"},"human":"https://alion.io/catalog?offer=company.slices&for=job%2Fornn-capital-markets"},{"id":"market.stats","title":"A market slice: pay, demand and time to fill","status":"live","price":{"credits":1,"usd":0.1},"unit":"per slice","note":"pay, demand and time to fill for this role and place","call":{"mcp_tool":"market_stats"},"human":"https://alion.io/catalog?offer=market.stats&for=job%2Fornn-capital-markets"},{"id":"job.search","title":"Open jobs by role, technology, place, pay and visa","status":"live","price":{"credits":0.02,"usd":0.002},"unit":"per posting in a list","note":"similar open postings","call":{"mcp_tool":"search_jobs"},"human":"https://alion.io/catalog?offer=job.search&for=job%2Fornn-capital-markets"},{"id":"company.verify","title":"Is this company real and active right now","status":"pilot","price":null,"unit":"per company","request":{"url":"https://alion.io/catalog/request","method":"POST","body":"{\"offer\": \"company.verify\", \"for\": \"job/ornn-capital-markets\", \"note\": \"what you need it for\"}"},"human":"https://alion.io/catalog?offer=company.verify&for=job%2Fornn-capital-markets"}]}