Senior Loan Originator
Role in brief
Ethena Labs is looking for a Senior Loan Originator to drive the expansion of their secured lending portfolio, specifically within digital assets. This role involves originating new loans, managing key relationships, and developing innovative loan structures. Candidates with a strong background in digital asset secured lending and credit risk analysis, who can negotiate complex deals and work autonomously, are well-suited for this position.
✓ Direct apply: you message the hiring person on Telegram. No ATS.
About the role
This role focuses on expanding Ethena Labs' secured lending operations by originating new loans and managing relationships with various counterparties. The work involves scaling the loan book to align with the Ethena protocol's needs and advocating for secured lending within the trading team to support the USDe backing assets. Success in this position means consistently meeting strategic goals for loan growth and effectively integrating new lending allocations.
A core part of the job is serving as the primary contact for Ethena’s secured lending partners, including exchanges, custodians, brokerages, and trading firms. This involves acting as a trusted advisor and developing innovative secured loan structures that fit the protocol's risk profile. The ability to create unique product outcomes through these partnerships is crucial for this role.
The ideal candidate will possess strong analytical skills to evaluate collateral frameworks and portfolio exposures. This includes communicating credit views and progress updates to internal risk and investment teams, as well as high-net-worth stakeholders. The role operates within a flat organizational structure that values independent creativity and asynchronous communication.
The salary for this position ranges from $98,000 to $115,000 annually.
Skills that matter here
- credit risk: This role requires seasoned experience in credit risk analysis to evaluate potential loan counterparties and manage the overall risk profile of the lending book.
- counterparty risk: Understanding and assessing counterparty risk is essential for managing relationships and ensuring the stability of secured lending agreements.
- financial markets risk analysis: The position demands a background in financial markets risk analysis to navigate the complexities of digital asset lending and evaluate market exposures.
- secured lending background: Direct experience in secured lending, particularly with digital assets and institutional clients, is fundamental for originating loans and structuring deals.
- negotiate lending agreement terms: The ability to negotiate and close complex lending agreements rapidly with diverse partners is a key responsibility.
- financial and quantitative analytical skills: Strong analytical skills are necessary to evaluate collateral, assess portfolio exposures, and communicate financial insights to stakeholders.
Who this role suits
- A person with a proven track record in digital asset secured lending, comfortable engaging with institutional clients like market makers and trading firms.
- Someone who thrives in an environment that values autonomy and can independently drive complex deal negotiations from initiation to close.
- An individual with strong analytical capabilities, able to assess and communicate credit and risk profiles clearly to various internal and external stakeholders.
- A professional who is adept at building and maintaining relationships, acting as a trusted advisor to capital allocators and institutional partners.
From the employer
What You’ll Do
- Lead the effort to originate loans with new counterparties, meeting strategic goals to scale the total loan book that positively impacts and complements the needs of the Ethena protocol.
- Serve as the primary owner for Ethena’s secured lending relationships, acting as a trusted advisor to capital allocators and institutional counterparties.
- Champion within the trading team the potential to grow the secured lending allocation of the backing assets of USDe.
- Create new & exciting secured loan structures with Ethena’s many partners, from exchanges, to custodians, to brokerages, to trading firms, that fit the risk profile of the protocol to create unique product outcomes.
What We’re Looking For
- Seasoned experience in credit risk, counterparty risk, or financial markets risk analysis.
- Secured lending background, most recently in digital assets issuing/originating loans with market makers/crypto-native trading firms, prime brokerage, securities financing, or leveraged institutional clients.
- A strong understanding of the secured lending market in the digital asset space at the institutional, CeFi, and DeFi levels.
- Proven ability to negotiate lending agreement terms and close complex deals in rapid succession with diverse counterparties.
- Strong financial and quantitative analytical skills to evaluate collateral frameworks and portfolio exposures to communicate credit views, and progress updates clearly to risk teams, investment teams, and high-net-worth stakeholders.
- Comfort working in a high-trust, flat hierarchy that values asynchronous communication and independent creativity.
Questions about this role
What is the remote work policy for this role?
This is a fully remote position, with no specified location restrictions.
What level of seniority is expected for this position?
This is a senior-level role, indicating a need for significant experience and leadership in secured lending.
What are the key skills required for this role?
Key skills include seasoned experience in credit and counterparty risk, a background in digital asset secured lending, strong negotiation abilities for lending terms, and robust financial and quantitative analytical skills.
✓ Direct apply: you message the hiring person on Telegram. No ATS.