Head of Underwriting – Digital Asset Financing

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

📋 Description

• Lead credit evaluations of borrowers, including funds, miners, trading firms, and corporations, from the initial due diligence phase through transaction assessment and approval recommendations.

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

• Evaluate collateral related to digital assets, including coverage, market volatility, liquidity, and liquidation risks.

• Assess the operational and custodial frameworks of counterparties.

• Structure transaction terms, encompassing LTV, tenor, covenants, and margining.

• Identify and evaluate risks associated with counterparties, markets, concentrations, and operations.

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

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

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

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

⛳️ Requirements

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

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

• Familiarity with collateral types, including BTC/ETC, custody, and transfer processes.

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

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

• Proficient 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 related liquidity and volatility risks.

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

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

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

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

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

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

• Proficient English communication skills.

🏝️ Benefits

• Work remotely from any location worldwide.

• Collaborate with a global team of fintech professionals.

• Engage in innovative projects in digital finance, blockchain, and digital asset products.