Head of Underwriting – Digital Asset Financing

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

📋 Description

• Lead credit evaluations of borrowers such as funds, miners, trading firms, and corporations, starting from initial due diligence to transaction assessment and approval recommendations.

• Analyze financial statements, liquidity, leverage, trading strategies, business models, and overall creditworthiness of counterparties.

• Evaluate digital asset collateral, collateral coverage, market volatility, liquidity, and liquidation risks.

• Assess the operational and custodial frameworks of counterparties.

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

• Identify and evaluate counterparty, market, concentration, and operational risks.

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

• Monitor existing exposures, identify emerging risks, and propose mitigation strategies.

• Collaborate with internal stakeholders to ensure efficient transaction execution while upholding underwriting standards.

• Enhance underwriting methodologies to adapt to the evolving landscape of digital asset markets, products, and risk dynamics.

⛳️ Requirements

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

• Proven expertise in financial analysis, counterparty assessment, loan structuring (LTV, rates, thresholds), and credit risk evaluation.

• Familiarity with collaterals including BTC/ETC, custody, and transfers.

• Knowledge of margin mechanics, including margin requirements, collateralization, loan-to-value ratios, margin thresholds, and liquidation processes.

• Experience in counterparty due diligence, including assessing business models, ownership structures, operational capabilities, and relevant risk factors.

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

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

• Experience in evaluating complex transactions and making recommendations based on both quantitative and qualitative analysis.

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

• Excellent analytical, problem-solving, and critical-thinking skills, with a keen attention to detail.

• Strong communication and stakeholder management abilities, including the capacity to convey intricate risk considerations to senior decision-makers.

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

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

• Proficiency in English communication skills.

🏝️ Benefits

• Remote work opportunities from anywhere in the world.

• Collaboration with a diverse global team.

• Chance to contribute to an innovative fintech and digital finance platform.