Senior Loan Originator

Full-time/Company: Ethena Labs

Ethena Labs manages the backing assets of USDe, an overcollateralised stablecoin. This team blends traditional financial market expertise with secured lending across tier-one digital assets and RWAs to support the protocol.

Responsibilities

• Originate loans with new counterparties to scale the loan book that backs USDe.
• Serve as the primary owner for Ethena’s secured lending relationships, acting as a trusted advisor to capital allocators and institutional counterparties.
• Champion growth of the secured lending allocation within the trading team.
• Create secured loan structures with exchanges, custodians, brokerages, and trading firms that fit the protocol's risk profile.

Requirements

• Seasoned experience in credit risk, counterparty risk, or financial markets risk analysis.
• Secured lending background in digital assets (originating loans with market makers/crypto-native trading firms, prime brokerage, securities financing, or leveraged institutional clients).
• Strong understanding of the secured lending market across institutional, CeFi, and DeFi environments.
• Proven ability to negotiate lending agreement terms and close complex deals rapidly.
• Strong financial and quantitative analytical skills to evaluate collateral frameworks and portfolio exposures.
• Comfortable working in a high-trust, flat hierarchy that values asynchronous communication and independent creativity.