Senior Loan Originator

Ethena Labs is seeking a Senior Loan Originator to lead loan origination efforts and manage secured lending relationships, focusing on digital assets.

### 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.

Ethena Labs is a decentralized finance protocol built on Ethereum that issues synthetic dollar assets designed to function independently of traditional banking infrastructure. Its core product is USDe, a synthetic dollar backed by crypto collateral and delta-hedged derivatives, alongside sUSDe, a yield-bearing Internet Bond, and USDtb, a fiat-backed stablecoin.