Ornn AI, Inc. Logo

Ornn AI, Inc.

Capital Markets

Reposted 3 Months Ago
Be an Early Applicant
In-Office
New York, NY, USA
Junior
In-Office
New York, NY, USA
Junior
Design and iterate credit structures for pooled non-investment-grade compute offtake; build quantitative models for tranche sizing and stress testing; manage rating agency relationships and prepare offering materials; define waterfall mechanics, SPV documentation, and investor-facing reports; coordinate with founders, legal, indices, and engineering.
The summary above was generated by AI
About Ornn
Ornn 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.

About the Role
Ornn 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.

You 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.

The 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.


What You'll Do
  • Design and iterate on the credit structures that transform diversified pools of non-IG compute tenant offtake into rated, investable instruments.
  • Build and maintain the quantitative models that drive pool composition, tranche sizing, credit enhancement levels, and stress testing across various default and correlation scenarios.
  • Own the rating agency relationship end to end: prepare materials, lead presentations, respond to methodology questions, and manage the ongoing surveillance process.
  • Define the waterfall mechanics, subordination levels, and reserve account structures for each product variant.
  • Work with the founders and legal counsel to structure the SPV and issuer-level documentation, ensuring alignment between the financial engineering and the legal architecture.
  • Develop the investor-facing materials, including offering memoranda, pool performance reports, and credit surveillance updates, that institutional buyers expect.

What We're Looking For
Requirements

  • 2+ years of experience in structured finance, securitization, or credit structuring at an investment bank, rating agency, specialty finance company, or structured credit fund.
  • Direct experience building or analyzing cash flow waterfalls, tranche structures, and credit enhancement mechanisms for pooled asset classes (ABS, CLOs, CMBS, or similar).
  • Demonstrated proficiency working with credit rating agencies on new issuance or surveillance, including preparing rating agency presentations and responding to methodology-driven diligence.
  • Strong quantitative modeling skills.
  • Familiarity 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.
  • Clear written and verbal communication.

Nice-to-Haves

  • Experience rating or analyzing the credit of technology companies, cloud infrastructure providers, or AI/ML companies specifically.
  • Background at a rating agency with direct exposure to new asset class methodology development.
  • Interest in or exposure to securitized debt markets, including ABS, whole business securitization, or esoteric asset classes.
  • Graduate degree from a top finance program (MBA, MFE, or equivalent).
  • Familiarity with GPU compute economics, datacenter infrastructure, or cloud capacity markets.

Why This Role Matters
Ornn 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.

Compensation and Benefits
Benefits include competitive salary, meaningful equity, health coverage, free meals, and additional benefits. This is a leadership role with significant strategic impact and equity upside.

Equal Opportunity Statement
Ornn 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.

Similar Jobs

2 Days Ago
Hybrid
New York, NY, USA
196K-284K Annually
Expert/Leader
196K-284K Annually
Expert/Leader
Cloud • Information Technology • Security • Software • Cybersecurity
Lead end-to-end structured financing transactions for Cloudflare’s infrastructure, including equipment financing, leasing, vendor financing, and capital markets activity. Negotiate with lenders and financing counterparties, develop financial models, evaluate capital structure and cost of capital, and advise senior leadership and the Board. Partner with Treasury, Legal, Accounting, Tax, Infrastructure, and Sourcing teams while managing post-close obligations, covenants, reporting, and counterparty relationships.
Top Skills: Ai ToolingCapital MarketsCredit AnalysisFinancial ModelingLease Accounting
6 Days Ago
Hybrid
New York, NY, USA
90K-150K Annually
Junior
90K-150K Annually
Junior
Fintech • Financial Services
Supports High Grade Debt Capital Markets transactions for Financial Institutions clients. Responsibilities include analyzing companies and capital structures, preparing market data, valuations, models, and presentations, supporting debt transaction pitches and execution, making client recommendations, tracking macroeconomic and pricing impacts, coordinating deliverables, and identifying process improvements. The role requires FINRA licensing and regulatory compliance.
6 Days Ago
Hybrid
New York, NY, USA
99K-266K Annually
Mid level
99K-266K Annually
Mid level
Artificial Intelligence • Professional Services • Business Intelligence • Consulting • Cybersecurity • Generative AI
Manages banking and capital markets tax compliance engagements, including reviewing financial data, preparing and reviewing tax returns, analyzing tax positions, coordinating regulatory filings, and resolving compliance issues. Leads client workstreams, coaches staff, manages timelines and budgets, monitors tax law changes, communicates recommendations, and identifies opportunities to improve tax processes through technology and innovation.

What you need to know about the NYC Tech Scene

As the undisputed financial capital of the world, New York City is an epicenter of startup funding activity. The city has a thriving fintech scene and is a major player in verticals ranging from AI to biotech, cybersecurity and digital media. It also has universities like NYU, Columbia and Cornell Tech attracting students and researchers from across the globe, providing the ecosystem with a constant influx of world-class talent. And its East Coast location and three international airports make it a perfect spot for European companies establishing a foothold in the United States.

Key Facts About NYC Tech

  • Number of Tech Workers: 549,200; 6% of overall workforce (2024 CompTIA survey)
  • Major Tech Employers: Capgemini, Bloomberg, IBM, Spotify
  • Key Industries: Artificial intelligence, Fintech
  • Funding Landscape: $25.5 billion in venture capital funding in 2024 (Pitchbook)
  • Notable Investors: Greycroft, Thrive Capital, Union Square Ventures, FirstMark Capital, Tiger Global Management, Tribeca Venture Partners, Insight Partners, Two Sigma Ventures
  • Research Centers and Universities: Columbia University, New York University, Fordham University, CUNY, AI Now Institute, Flatiron Institute, C.N. Yang Institute for Theoretical Physics, NASA Space Radiation Laboratory

Sign up now Access later

Create Free Account

Please log in or sign up to report this job.

Create Free Account