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Head of Underwriting - Digital Asset Financing
Contract type
Ongoing
Work mode
Remote · Worldwide
Experience
Senior · 7+ years
Job description
A senior, hands-on Head of Underwriting role to drive underwriting activities across Digital Asset Financing, assessing financing opportunities, evaluating institutional counterparties and structuring transactions that balance commercial objectives with robust risk management.
At a glance
- Work mode
- Remote · Worldwide
- Languages
- English – fluent
What you'll do
- Lead the credit assessment of borrowers (funds, miners, trading firms, corporates) from initial due diligence through transaction evaluation and approval recommendations.
- Analyse counterparty financial statements, liquidity, leverage, trading strategy, business models and overall creditworthiness.
- Evaluate digital asset collateral, collateral coverage, market volatility, liquidity and liquidation risks, where applicable.
- Assess operational and custodial setup of counterparties.
- Structure terms, recommending appropriate LTV, tenor, covenants and margining.
- Identify and assess counterparty, market, concentration and operational risks associated with proposed transactions.
- Prepare clear, evidence-based underwriting assessments and present recommendations to relevant decision-makers.
- Monitor existing exposures, identify emerging risks and recommend appropriate mitigation measures.
- Collaborate with internal stakeholders to facilitate efficient transaction execution while maintaining disciplined underwriting standards.
- Continuously enhance underwriting methodologies in response to evolving digital asset markets, products and risk dynamics.
What we're looking for
- 7+ years of relevant experience in underwriting, lending, credit risk, digital asset financing or a comparable field.
- Strong expertise in financial analysis, counterparty assessment, loan structuring (LTV, rates, thresholds) and credit risk evaluation.
- Understanding of collaterals including BTC/ETC, custody and transfers.
- Margin mechanics awareness, including margin requirements, collateralisation, loan-to-value ratios, margin thresholds and liquidation processes.
- Counterparty due diligence experience, being able to effectively assess business models, ownership structures, operational capabilities and relevant risk factors.
- Skilled in ongoing risk monitoring, collateral coverage, margin calls, margin breaches and timely escalation of emerging risks.
- Understanding of digital assets, collateralised financing, cryptocurrency markets and associated liquidity and volatility risks.
- Experience evaluating complex transactions and making well-reasoned recommendations based on quantitative and qualitative analysis.
- Strong commercial acumen and the ability to balance business opportunities with prudent risk management.
- Excellent analytical, problem-solving and critical-thinking skills, with exceptional attention to detail.
- Strong communication and stakeholder management skills, including the ability to articulate complex risk considerations to senior decision-makers.
- High levels of integrity, accountability and independent judgement.
- Ability to operate effectively in a fast-paced, international environment, navigating ambiguity and making sound decisions under pressure.
- Excellent English communication skills.
Your team
Digital Asset Financing
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About Tether Operations Limited
Join Tether and Shape the Future of Digital Finance
Tether builds products that empower businesses—from exchanges and wallets to payment processors and ATMs—to seamlessly integrate reserve-backed tokens across blockchains. Its product suite includes the stablecoin USDT, digital asset tokenization services, Tether Power energy solutions, Tether Data (including the KEET app), Tether Education and Tether Evolution.
Mission
Pioneering a global financial revolution by empowering businesses to seamlessly integrate reserve-backed tokens across blockchains.
Key facts
- Digital finance / blockchain
- Our team is a global talent powerhouse, working remotely from every corner of the world.
- We've grown fast, stayed lean, and secured our place as a leader in the industry.
- USDT is relied upon by hundreds of millions worldwide.
What they value
- Transparency is the bedrock of everything we do, ensuring trust in every transaction.