Credit Risk Analyst

Join Gauntlet as a Credit Risk Analyst to build and own credit risk frameworks for onchain finance, working with a team that serves over $1.5B in client TVL. Gauntlet builds the financial systems of the future. While much of onchain finance is focused on point solutions, we operate across the entire stack to offer best-in-class vault products. Today we serve over $1.5B in client TVL across some of the largest fintechs/neobanks, protocols, exchanges, and capital allocators in crypto - and, increasingly, traditional asset management.

• •Underwrite institutional and on-chain credit relationships, and build/own the credit models for RWA assets — PD/LGD frameworks, vintage loss curves, advance-rate haircut schedules, and stress scenarios.
• •Run the due-diligence gate for new credit and asset-issuer relationships: structured protocol reviews (solvency, oracle infrastructure, governance, security posture), historical on-chain data analysis, counterparty financials and legal structure, redlines, and final deal approval.
• •Set the guardrails for each credit product: minimum rate floors, maximum terms, concentration limits per borrower and asset class, eligible collateral, and first-loss buffer sizing for tranched structures.
• •Partner with Capital Markets on structuring: credit input on term sheets (rate, term, size, collateral, covenants, margin-call triggers); co-design trust tranches, covenants, advance-rate schedules, and facility limits for securitized products before close.
• •Monitor the portfolio: borrower financial condition, covenant compliance, delinquency trends, and NAV integrity; flag deterioration early and work remediation or exit with Capital Markets.
• •Stress the book: elevated delinquency, funding-rate shocks, correlated default, and originator failure — validating that structural protections hold under tail conditions.
• •Maintain on-chain risk parameters: supply caps, LLTV settings, exposure thresholds, and related controls.
• •Shape credit terms guidance (what we can offer, at what rate, term, and collateral conditions) and track emerging yield strategies, protocols, and issuers to give Curation a competitive edge.

• •Remote first - work from anywhere in the US & CAN!
• •Regular in-person company retreats and cross-country "office visit" perk
• •100% paid medical, dental and vision premiums for employees
• •$1,000 WFH 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