Responsibilities
- Counterparty due diligence: gather data, analyze financials, evaluate risk controls, and draft clear approval memos.
- Structuring: help design secured/over-collateralized lending structures, covenants, waterfalls, and margin frameworks.
- Portfolio & risk monitoring: track exposures, limits, collateral, and early-warning indicators; recommend actions.
- Modeling: General structured solutions monitoring, ability to work with modern tooling is a plus.
- Counterparty engagement: schedule/lead parts of meetings, coordinate data rooms, follow through on action items.
- Investment docs & legals: Contribute to term sheets, IC decks, and performance updates; provide input to loan documentation and interrogate legal terms (security, covenants, remedies, margining) to align risk–reward and ensure protections.
- Creativity & research: propose new structures, pricing ideas, and opportunity maximization within risk appetite.
- Process hygiene: keep our diligence files, checklists, and dashboards clean, current, and auditable.
Requirements
- 5–7 years in investment banking / structured lending / credit / treasury / risk / buy-side.
- Direct structured credit or margin/repo/collateralized lending exposure is strongly preferred.
- Bachelor's degree.
- Credit judgment: Demonstrated end-to-end counterparty due diligence (financials, liquidity, leverage, concentration, collateral analysis, covenants, early-warning indicators).
- Structuring literacy: Familiar with term sheets, security/collateral packages, covenants, margining, and basics of ISDA/CSA, GMRA/GMSLA, or loan agreements; able to translate risk appetite into structure, triggers, and reporting.
- Risk tooling: Practical use of stress/scenario analysis, sensitivities, and simple VaR/limit frameworks for decision support (no need to be a quant, but you know the levers and caveats).
- Modeling: Experience with modern tooling and ai to get the most out of modeling scenarios.
- Documentation & communication: Crisp IC memos, red-lined edits, and concise counterparty comms; able to own meeting notes and action logs without supervision.
- Process hygiene: Diligence checklists, data rooms, trackers, and audit-ready foldering; low error rate and fast iteration.
- External presence: Comfortable running parts of counterparty meetings, chasing deliverables, and negotiating factual points with professionalism.
- Certifications: CFA or FRM , or equivalent professional path in progress.
- Mindset: High-ownership, low-ego, reliable under time pressure; creative about finding safe capacity and better economics within risk limits.
- Strong analytical and problem-solving skills, with attention to detail and accuracy.
- Excellent written and verbal communication skills, relationship-building expertise within the investment community, and the ability to collaborate effectively with an executive team.
- Ability to adapt swiftly to a dynamic and fast-paced environment.
- Enthusiastic and driven to achieve high-quality standards.
- A dedicated workspace.
- A reliable internet connection with the fastest speed possible in your area.
- Alignment with Our Values and the Xapo Values-Driven Leadership principles.
Nice to Have
- Structured credit: Previous experience in securitization, repo, or margin-based lending frameworks.
- TradFi background: Solid exposure to collateral and margin frameworks within traditional financial services.
- Crypto literacy: General familiarity with Bitcoin; while preferred, domain training will be provided.
- Technical proficiency: Coding ability or experience with modern data modeling tools.
Benefits
- Shape the Future: Improve lives through cutting-edge technology, work 100% remotely from anywhere in the world.
- Great work-life balance: Build amazing things with a balance of autonomy and collaborative teamwork.
- Set your own work schedule and make use of a flexible PTO plan when you need to recharge.
- Expect Excellence: Collaborate, learn, and grow with a high-performance team.
- Learn how you learn best - from books to conferences, you’ll get a yearly budget for your individual learning and development goals.
Additional Information
- Interest welcomed; prior crypto experience not required (we’ll train on the domain specifics).
