Head of Underwriting – Digital Asset Financing

This is a fully remote position, open to applicants in Germany.

📋 Description

• Oversee the credit evaluation of borrowers, which includes funds, miners, trading firms, and corporations, from the initial due diligence phase through transaction assessment and approval recommendations.

• Examine counterparty financial documents, liquidity, leverage, trading strategies, business models, and overall credit status.

• Assess digital asset collateral, including collateral coverage, market volatility, liquidity, and risks associated with liquidation.

• Evaluate the operational and custodial frameworks of counterparties.

• Develop transaction terms and suggest suitable LTV, tenor, covenants, and margining strategies.

• Identify and evaluate risks related to counterparties, markets, concentration, and operational aspects.

• Create evidence-based underwriting evaluations and present findings to decision-makers.

• Monitor current exposures, pinpoint emerging risks, and propose mitigation strategies.

• Work alongside internal stakeholders to ensure efficient transaction execution while upholding rigorous underwriting standards.

• Improve underwriting methodologies to adapt to the changing landscape of digital asset markets, products, and risk factors.

⛳️ Requirements

• A minimum of 7 years of pertinent experience in underwriting, lending, credit risk, digital asset financing, or a related field.

• In-depth knowledge of financial analysis, counterparty evaluation, loan structuring (including LTV, rates, and thresholds), and credit risk assessment.

• Familiarity with collateral types such as BTC/ETC, as well as custody and transfer processes.

• Insight into margin mechanics, encompassing margin requirements, collateralization, loan-to-value ratios, margin thresholds, and liquidation protocols.

• Experience in counterparty due diligence, including the evaluation of business models, ownership structures, operational capabilities, and relevant risk elements.

• Proficiency in ongoing risk monitoring, collateral coverage, margin calls, margin breaches, and timely identification of emerging risks.

• Knowledge of digital assets, collateralized financing, cryptocurrency markets, and the associated risks of liquidity and volatility.

• Experience in assessing complex transactions and providing recommendations based on both quantitative and qualitative analysis.

• Strong business acumen with the ability to balance commercial opportunities against prudent risk management.

• Exceptional analytical, problem-solving, and critical-thinking abilities, with a keen eye for detail.

• Strong communication and stakeholder management skills, including the ability to convey complex risk issues to senior decision-makers.

• High standards of integrity, accountability, and independent judgment.

• Capability to perform effectively in a fast-paced, international setting, managing ambiguity and making sound decisions under pressure.

• Proficient English communication skills.

🏝️ Benefits

• The flexibility to work remotely from anywhere in the world.

• The chance to collaborate with a global team.

• Engagement in the fintech and digital finance sector.

• An opportunity to contribute to innovative products in blockchain, stablecoin, digital assets, energy, data, and education.