Head of Underwriting – Digital Asset Financing

• Lead credit assessment of borrowers, including funds, miners, trading firms and 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
• Assess counterparties’ operational and custodial setups
• Structure transaction terms and recommend appropriate LTV, tenor, covenants and margining
• Identify and assess counterparty, market, concentration and operational risks
• Prepare evidence-based underwriting assessments and present recommendations to decision-makers
• Monitor existing exposures, identify emerging risks and recommend mitigation measures
• Collaborate with internal stakeholders to facilitate efficient transaction execution while maintaining disciplined underwriting standards
• 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
• Awareness of margin mechanics, including margin requirements, collateralisation, loan-to-value ratios, margin thresholds and liquidation processes
• Counterparty due diligence experience, including assessment of business models, ownership structures, operational capabilities and relevant risk factors
• Experience 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 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 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

• Remote work from every corner of the world
• Opportunity to collaborate with a global team and leading fintech professionals