Credit Risk Analyst
Gauntlet provides institutional-grade vault curation and risk management services for DeFi protocols through quantitative optimization and simulation modeling.
Funding history
About Gauntlet
Gauntlet offers risk-adjusted DeFi yields through curated vault strategies and applied research services for blockchain protocols. The platform utilizes agent-based simulations, quantitative modeling, and real-time monitoring to optimize protocol parameters, manage market risk, and curate lending, restaking, and perpetual futures vaults across multiple blockchains. Gauntlet's infrastructure processes over 400 million data points daily to inform risk management decisions for protocols securing billions in total value locked.
Skills
Candidate Availability
Required and preferred rules are kept separate and reflect the wording in the original posting.
About the Role
Own credit risk across institutional and on-chain lending, define underwriting standards, design risk frameworks, set redlines, and oversee asset-onboarding decisions in partnership with Capital Markets, Vault Curation, Product, Engineering, and senior leadership.
Requirements
- 3–6 years of experience in credit risk, structured finance, leveraged finance, asset-backed lending, or a related field.
- Direct credit-underwriting experience with PD/LGD modeling, loss curves, vintage analysis, advance-rate structuring, covenant design, and stress testing.
- Experience with direct lending, warehouse facilities, ABS/CLO structuring, securitization, asset-backed finance, or structured credit.
- Strong understanding of SPVs, bankruptcy remoteness, security-interest perfection, covenant packages, and waterfall mechanics.
- Portfolio-monitoring experience including delinquency tracking, covenant compliance, borrower financial review, and early-warning systems.
- Exceptional written and verbal communication skills.
- Experience building or maintaining quantitative risk models in Python or R.
- Bonus experience with on-chain credit, DeFi lending, tokenized assets, crypto-native credit risk, RWA issuers, repo, or securities financing.
Responsibilities
- Underwrite institutional and on-chain credit relationships and build PD/LGD, vintage loss, advance-rate, and stress-testing models.
- Run due diligence on credit and asset-issuer relationships, including protocol, counterparty, legal, solvency, oracle, governance, and security reviews.
- Set credit-product guardrails covering rates, terms, concentration, collateral, and first-loss buffers.
- Partner with Capital Markets on term sheets, tranches, covenants, advance rates, and securitized facilities.
- Monitor borrower financial condition, covenant compliance, delinquency, and NAV integrity, and manage remediation or exit.
- Stress the credit book and validate structural protections under adverse scenarios.
- Maintain on-chain risk parameters including supply caps, LLTV settings, and exposure thresholds.
- Shape credit-terms guidance and track emerging yield strategies, protocols, and issuers.
Benefits
- Remote first with 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
- $1,000 work-from-home stipend
- Monthly reimbursement for home internet, phone, and cellular data
- Unlimited vacation
- 100% paid parental leave of 12 weeks
- Fertility benefits
- Opportunity for incentive compensation
