Credit Risk Analyst

1 month, 2 weeks ago
Full-time
Senior
Finance and Accounting

Gauntlet

Gauntlet is a DeFi infrastructure and research company that provides quantitative risk management, simulation, and institutional yield products for crypto-native financial applications and protocols. Its public materials emphasize safer onchain yield, protocol optimization, and institutional capital deployment.

Software Development
51-200
Founded 2018

Description

  • Underwrite institutional and on-chain credit relationships and own credit models for RWA assets, including PD/LGD frameworks, loss curves, haircut schedules, and stress scenarios.
  • Run due diligence and gatekeeping for new credit and asset-issuer relationships, including protocol review, counterparty analysis, legal review, redlines, and final approval recommendations.
  • Set guardrails for each credit product, including rate floors, terms, concentration limits, eligible collateral, and first-loss buffer sizing.
  • Partner with Capital Markets on deal structuring, term sheets, covenants, margin-call triggers, trust tranches, advance-rate schedules, and facility limits.
  • Monitor borrower and portfolio health, including financial condition, covenant compliance, delinquency trends, and NAV integrity, and coordinate remediation or exit actions.
  • Stress test the portfolio for adverse scenarios such as delinquency spikes, funding-rate shocks, correlated defaults, and originator failure.
  • Maintain on-chain risk parameters such as supply caps, LLTV settings, and exposure thresholds.
  • Shape credit terms guidance and track emerging yield strategies, protocols, and issuers to support Vault Curation and improve competitiveness.
  • Produce structured diligence memos, go/no-go recommendations, and ongoing monitoring outputs for internal stakeholders.

Requirements

  • 3–6 years of experience in credit risk, structured finance, leveraged finance, or asset-backed lending at a leading financial institution, credit fund, or fintech lender.
  • Direct credit underwriting experience with PD/LGD modeling, vintage and loss-curve analysis, advance-rate structuring, covenant design, and stress testing.
  • Hands-on exposure to direct lending, warehouse facilities, ABS/CLO structuring, securitization, asset-backed finance, or structured credit.
  • Strong understanding of legal and structural credit concepts, including SPV formation, bankruptcy remoteness, security-interest perfection, covenant packages, and waterfall mechanics.
  • Portfolio monitoring experience involving delinquency tracking, covenant compliance, borrower financial review, and early-warning systems.
  • Excellent written and verbal communication skills with the ability to translate complex credit analysis into actionable recommendations.
  • Experience building or maintaining quantitative risk models in Python or R.
  • Interest in digital assets, DeFi, and institutional credit; prior crypto experience is not required.
  • Bonus: experience with on-chain credit protocols, DeFi lending markets, or tokenized-asset structures such as Morpho, Aave, or tokenized ABS.
  • Bonus: familiarity with crypto-native credit risk, including smart-contract risk, oracle failure, depeg events, and on-chain collateral liquidity.
  • Bonus: exposure to RWA issuers, fintech lenders, asset originators, prime brokerage credit, repo, or securities financing.
  • Ability to work within the contiguous United States or Canada.

Benefits

  • Remote-first work from anywhere in the US and Canada.
  • Regular in-person company retreats and cross-country office visit perk.
  • 100% paid medical, dental, and vision premiums for employees.
  • $1,000 work-from-home stipend.
  • Monthly reimbursement for home internet, phone, and cellular data.
  • Unlimited vacation.
  • 100% paid 12-week parental leave.
  • Fertility benefits.
  • Opportunity for incentive compensation.
  • Base salary range of $160,000–$195,000, plus additional on-target earnings potential and equity.

Interested in this position?

Apply directly on the company website

Apply Now

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