Head of Underwriting - Digital Asset Financing

As Head of Underwriting at Tether, you 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 assess financing opportunities, evaluate institutional counterparties, and structure transactions that balance commercial objectives with robust risk management, working closely with internal stakeholders to support informed, timely decisions in a dynamic market.

What you'll do

• 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.

About Tether

Tether pioneers digital finance through reserve-backed stablecoins and tokenization services, with USDT trusted by hundreds of millions worldwide. The company spans multiple divisions: Tether Power (sustainable Bitcoin mining), Tether Data (AI and peer-to-peer infrastructure including KEET), Tether Education (digital learning access), and Tether Evolution (emerging technologies). Tether operates as a globally distributed remote team.