Head of Underwriting - Digital Asset Financing

At Tether, we’re not just building products, we’re pioneering a global financial revolution. Our cutting-edge solutions empower businesses—from exchanges and wallets to payment processors and ATMs—to seamlessly integrate reserve-backed tokens across blockchains. By harnessing the power of blockchain technology, Tether enables you to store, send, and receive digital tokens instantly, securely, and globally, all at a fraction of the cost.

We are looking for a Head of Underwriting to drive underwriting activities across Digital Asset Financing. This is a senior, hands-on role requiring strong financial and credit analysis capabilities, sound commercial judgement and a deep understanding of counterparty risk. You will assess financing opportunities, evaluate institutional counterparties and structure transactions that balance commercial objectives with robust risk management. Working closely with internal stakeholders, you will play a key role in evaluating complex transactions and supporting informed, timely decisions in a dynamic market.

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.

Requirements

• strong financial and credit analysis capabilities, sound commercial judgement and a deep understanding of counterparty risk

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