Head of Underwriting - Digital Asset Financing

Tether; Ticino; Hybrid; CHF 180,000 - 300,000; Full time

Job summary

Tether Ltd. seeks a Head of Underwriting to drive underwriting activities across Digital Asset Financing. This senior, hands-on role requires sharp financial analysis, commercial judgment, and deep counterparty risk expertise in a fast-moving market.

You will assess financing opportunities, evaluate institutional counterparties, and structure transactions that balance growth with robust risk controls, collaborating with stakeholders across the organization.

Qualifications

• 7+ years of underwriting, lending, credit risk, or digital asset financing experience.
• Strong financial analysis and counterparty assessment expertise.
• Understanding of collateral types, custody, and transfers.
• Knowledge of margin mechanics, LTV, and risk triggers.
• Experience conducting due diligence on business models and ownership structures.
• Ability to monitor risk, collateral coverage, and margin calls.
• Excellent communication with senior decision-makers.

Responsibilities

• Lead credit assessment from due diligence to approval recommendations.
• Analyze counterparty financials, liquidity, leverage, and trading strategies.
• Evaluate collateral coverage, volatility, and liquidation risks.
• Assess operational and custodial setups of counterparties.
• Structure terms with appropriate LTV, tenor, and covenants.
• Identify and mitigate counterparty, market, and operational risks.
• Prepare clear underwriting assessments and present to decision-makers.
• Monitor exposures and advise on risk mitigation measures.
• Collaborate to ensure efficient transaction execution with disciplined underwriting.
• Continuously enhance underwriting methodologies for evolving markets.

Skills

Underwriting experience

Credit risk

Financial analysis

Collateral management

LTV and margins

Counterparty due diligence

Stakeholder management

Digital assets

Quantitative analysis

Job description

Join Tether and Shape the Future of Digital Finance

At Tether, we’re not just building products, we’re pioneering a global financial revolution. Our cutting‑edge solutions empower businesses—from exchanges and wallets to payment processors and ATMs—to seamlessly integrate reserve‑backed tokens across blockchains. By harnessing the power of blockchain technology, Tether enables you to store, send, and receive digital tokens instantly, securely, and globally, all at a fraction of the cost. Transparency is the bedrock of everything we do, ensuring trust in every transaction.

Innovate with Tether

Tether Finance: Our innovative product suite features the world’s most trusted stablecoin, USDT, relied upon by hundreds of millions worldwide, alongside pioneering digital asset tokenization services.

But that’s just the beginning:

Tether Power: Driving sustainable growth, our energy solutions optimize excess power for Bitcoin mining using eco‑friendly practices in state‑of‑the‑art, geo‑diverse facilities.

Tether Data: Fueling breakthroughs in AI and peer‑to‑peer technology, we reduce infrastructure costs and enhance global communications with cutting‑edge solutions like KEET, our flagship app that redefines secure and private data sharing.

Tether Education: Democratizing access to top‑tier digital learning, we empower individuals to thrive in the digital and gig economies, driving global growth and opportunity.

Tether Evolution: At the intersection of technology and human potential, we are pushing the boundaries of what is possible, crafting a future where innovation and human capabilities merge in powerful, unprecedented ways.

Why Join Us?

Our team is a global talent powerhouse, working remotely from every corner of the world. If you’re passionate about making a mark in the fintech space, this is your opportunity to collaborate with some of the brightest minds, pushing boundaries and setting new standards. We’ve grown fast, stayed lean, and secured our place as a leader in the industry.

If you have excellent English communication skills and are ready to contribute to the most innovative platform on the planet, Tether is the place for you.

Are you ready to be part of the future?

About the job

We are looking for a Head of Underwriting to drive underwriting activities across Digital Asset Financing. This is a senior, hands‑on role requiring strong financial and credit analysis capabilities, sound commercial judgement and a deep understanding of counterparty risk.

You will assess financing opportunities, evaluate institutional counterparties and structure transactions that balance commercial objectives with robust risk management. Working closely with internal stakeholders, you will play a key role in evaluating complex transactions and supporting informed, timely decisions in a dynamic market.

Responsibilities

• 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.

Requirements

• 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.