Remote Head of Underwriting - Digital Asset Financing

Tether; Roma; On-site; EUR 140,000 - 180,000; Full time

Job summary

Tether is seeking a Head of Underwriting to lead digital asset financing activities. This senior, hands‑on role demands strong financial analysis, credit judgment and counterparty risk management across institutional counterparties.

You will assess financing opportunities, structure transactions with prudent risk controls, and collaborate with internal stakeholders to drive timely, well‑supported decisions in a fast‑moving crypto market.

Qualifications

• 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.

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.

Job description

Tether is seeking a Head of Underwriting to lead digital asset financing activities. This senior, hands‑on role demands strong financial analysis, credit judgment and counterparty risk management across institutional counterparties.

You will assess financing opportunities, structure transactions with prudent risk controls, and collaborate with internal stakeholders to drive timely, well‑supported decisions in a fast‑moving crypto market.