Credit Risk Analyst

About the role

As a Credit Risk Analyst at Coinbase, you will be responsible for assessing credit exposure across institutional clients such as hedge funds and asset managers. This role involves conducting thorough credit analysis and making recommendations for risk-based limits to senior leadership.

The position requires collaboration with various teams, including business development and legal, to address complex challenges. Success in this role means effectively monitoring portfolio exposures and communicating risks to leadership, all while adapting to the fast-paced environment of digital assets.

The base salary for this role ranges from $95,030 to $111,800 USD, with potential additional compensation in equity and bonuses.

Skills that matter here

• credit risk management: This role relies heavily on credit risk management to evaluate and monitor institutional counterparties.
• quantitative modeling: You will build quantitative credit models to analyze asset volatility and liquidity risks.
• SQL: SQL will be used for exposure analyses and to support data-driven decision-making.
• analytical tools: Proficiency in analytical tools is essential for conducting credit assessments and preparing reports.

Who this role suits

• A candidate who thrives in high-pressure environments and embraces challenges.
• Someone with a background in financial services or digital assets, particularly with institutional clients.
• An individual who communicates clearly and effectively with senior stakeholders.
• A person who is detail-oriented and skilled in quantitative analysis.

From the employer

• Own diligence and underwriting of institutional counterparties including hedge funds, asset managers, private equity, and venture capital firms.
• Recommend internal credit ratings and risk-based limits, preparing written analysis that substantiates each assessment for senior leadership review.
• Monitor portfolio exposures, conduct periodic surveillance of trading partners, and clearly communicate concentration trends and settlement risks to leadership.
• Analyze asset volatility and liquidity risks on a per-asset and portfolio basis to inform limit-setting and capital planning.
• Negotiate industry documentation (e.g., PBAs, MLAs, and ACAs) and collaborate with business development, operations, legal, and product teams to resolve complex client or product challenges.

• 1-3 years of hands-on credit risk management experience, including counterparty underwriting or portfolio monitoring in a fast-moving financial services or digital asset environment.
• Prior experience covering institutional clients such as hedge funds, asset managers, private equity, or venture capital firms.
• Working knowledge of capital markets products and standard industry documentation (PBAs, MLAs, prime brokerage agreements).
• Demonstrated ability to produce clear written credit memos and present risk recommendations to senior stakeholders.
• Proficiency building quantitative credit models and exposure analyses using spreadsheets, SQL, or other analytical tools.
• Utilizes generative AI responsibly, maintaining human oversight to deliver business-ready outputs and drive measurable improvements in workflow efficiency, cost, and quality.

• Base salary varies by location (see range below). Total compensation may also include equity and bonus eligibility, and benefits (medical, dental, vision, 401(k)). Annual base salary range (excluding equity and bonus): $95,030—$111,800 USD.
• Candidates may submit a maximum of 3 applications within a 6-month period.
• Coinbase is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status, or genetic information. Applicants with criminal histories will be considered consistent with applicable federal, state, and local laws.