Role in brief
Tether is seeking a Head of Underwriting for its Digital Asset Financing team. This senior role involves assessing financing opportunities and managing risks in the digital asset space. Candidates with extensive experience in underwriting and credit risk evaluation should apply.
About the role
In this role at Tether, you will lead the credit assessment process for various borrowers, including funds and trading firms. Your expertise will be crucial in analyzing financial statements, liquidity, and overall creditworthiness, ensuring sound transaction evaluations and recommendations.
You will also be responsible for monitoring existing exposures and identifying emerging risks in a rapidly evolving digital asset market. Collaboration with internal teams will be essential to maintain disciplined underwriting standards and enhance methodologies that address market dynamics.
Skills that matter here
- underwriting: This role requires strong expertise in underwriting and credit risk evaluation to assess financing opportunities.
- financial analysis: You will utilize financial analysis skills to evaluate borrowers' creditworthiness and structure appropriate loan terms.
- risk management: Ongoing risk monitoring and the ability to identify and mitigate emerging risks are critical components of this position.
- communication: Strong communication skills are necessary to articulate complex risk considerations to senior decision-makers.
Who this role suits
- Candidates who thrive in fast-paced, international environments and can navigate ambiguity effectively.
- Individuals with a strong analytical mindset and attention to detail, capable of making sound decisions under pressure.
- Professionals with high integrity and accountability, able to balance business opportunities with prudent risk management.
From the employer
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.
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.
Questions about this role
What is the remote policy?
The position is fully remote, allowing for global talent to join the team.
What level of experience is required?
Candidates should have at least 7 years of relevant experience in underwriting, lending, or credit risk.
How do I apply for this position?
Interested candidates can apply through Tether's official website.
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