Credit Lead (Underwriter), Institutional Lending & Liquidity

Tether.io; España; On-site; EUR 120,000 - 180,000; Full time

Job summary

Tether Capital is launching a new credit vertical focused on providing short-term liquidity and credit facilities to fintechs, payment providers, exchanges, and other financial institutions. We are seeking a Credit Lead (underwriter) to join this initiative and help build the credit function from the ground up.

This hands-on role requires strong experience in underwriting and structuring, the ability to assess businesses, make credit recommendations, and develop policies and processes to support

Qualifications

• 10+ years of relevant credit experience.
• Strong experience in credit underwriting and structuring, not just analysis.
• Experience with fintech & payments.
• Background in institutional lending, private credit or venture debt.
• Experience establishing credit policies, processes, or risk frameworks.
• Crypto or digital assets experience is a plus but not required.

Responsibilities

• Underwrite and structure credit facilities including revolving lines and liquidity facilities.
• Analyse financial statements, cash flows, liquidity position and repayment capacity.
• Determine lending amounts, terms, covenants, security, and other risk protections.
• Develop credit policies, underwriting guidelines, templates, and concentration limits from scratch.
• Monitor credit risk and borrower performance and establish monitoring processes.
• Support the development and scaling of the new credit business.

Skills

Credit underwriting

Credit structuring

Financial analysis

Risk assessment

Policy development

Job description

The role:

Tether Capital is launching a new credit vertical focused on providing short-term liquidity and credit facilities to fintech companies, payment providers, exchanges, and other financial institutions.

The role:

Tether Capital is launching a new credit vertical focused on providing short-term liquidity and credit facilities to fintech companies, payment providers, exchanges, and other financial institutions.

We are looking for a Credit Lead (underwriter) focused on institutional lending and liquidity to join this new initiative and help build the credit function from the ground up.

This is a hands-on role for someone with strong experience in credit underwriting and structuring, who is comfortable assessing businesses, making credit recommendations, and developing the policies and processes needed to support a growing lending platform.

Key Responsibilities:

• Underwrite and structure credit facilities, including revolving credit facilities, working capital loans, and liquidity facilities.
• Analyse companies' financial statements, cash flows, liquidity position and repayment capacity.
• Determine appropriate lending amounts, terms, covenants, security, and other risk protections.
• Develop credit policies, underwriting guidelines, templates, and concentration limits from scratch.
• Monitor credit risk and borrower performance and establish appropriate risk-monitoring processes.
• Support the development and scaling of the new credit business.

Requirements:

• 10+ years of relevant credit experience.
• Strong experience in credit underwriting and structuring, rather than purely credit analysis.
• Previous experience with fintech & payments is mandatory.
• Background in institutional lending, private credit, venture debt, specialty finance, or a similar environment.
• Experience establishing or developing credit policies, processes, or risk frameworks.
• Crypto, digital assets, or stablecoin experience is a plus, but not required.