Head of Lending

Kraken is seeking a Head of Lending to lead its global lending business, covering both on-platform and OTC activities. You’ll work cross-functionally with various teams to scale Kraken’s lending footprint and maximize balance sheet efficiency.

Overview

Department

Accounting & Finance

Job type

Full time

Compensation

$168,000 - $269,000 per year

Location

United States

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About Kraken

Our Krakenites are a world-class team with crypto conviction, united by our desire to discover and unlock the potential of crypto and blockchain technology. Kraken is a mission-focused company rooted in crypto values. As a Krakenite, you’ll join us on our mission to accelerate the global adoption of crypto, so that everyone can achieve financial freedom and inclusion. For over a decade, Kraken’s focus on our mission and crypto ethos has attracted many of the most talented crypto experts in the world. As a fully remote company, we have Krakenites in 70+ countries who speak over 50 languages. Krakenites are industry pioneers who develop premium crypto products for experienced traders, institutions, and newcomers to the space. Kraken is committed to industry-leading security, crypto education, and world-class client support through our products like Kraken Pro, Desktop, Wallet, and Kraken Futures. Become a Krakenite and build the future of crypto!

Opportunity Overview

As Head of Lending, you will lead Kraken’s global lending business, covering both on-platform and OTC activities. You’ll work cross-functionally with Product, Risk, Trading, Institutional Sales, Legal, Compliance, and Engineering to scale Kraken’s lending footprint and maximize balance sheet efficiency. This is a critical leadership role with high impact and visibility.

Key Responsibilities

Own and Scale Kraken’s Lending BusinessLead strategy, product, and execution across all lending functions—on-platform, OTC, and bespoke institutional solutions. Take full ownership of P&L and balance sheet performance, drive growth, and optimize ROI across yield-generating products.

Drive Profitability and Balance Sheet OptimizationDeploy and manage lending strategies that enhance revenue and capital efficiency. Work with Treasury and Risk to ensure prudent balance sheet utilization, risk-adjusted returns, and regulatory readiness.

Expand Institutional Lending & Yield OfferingsDesign and develop innovative yield solutions for institutional clients—including collateralized lending, rehypothecation structures, and integrated margin solutions. Partner with Sales and Trading to expand distribution and deepen client relationships.

Cross-Functional CollaborationWork alongside Engineering, Trading, Risk, and Legal to build and scale infrastructure, improve risk frameworks, and ensure product and operational readiness. Align lending strategies with Kraken’s broader institutional roadmap.

Market and Product LeadershipStay at the forefront of lending innovation in crypto and traditional finance. Identify new trends in collateral, risk mitigation, custody, and structured products to inform and expand the platform’s competitive edge.

Skills You Should HODL

Lending & Structured Product Expertise8+ years experience in crypto or traditional finance with a focus on lending, credit structuring, or balance sheet management. Strong understanding of capital markets, secured lending, collateral frameworks, and Prime Brokerage.

Balance Sheet and Risk AcumenProven ability to drive balance sheet ROI, manage credit risk, and structure scalable lending programs across multiple client segments.

Institutional Client MindsetStrong background working with institutional clients—understanding their needs, risk appetite, and capital requirements. Ability to design lending products aligned to their goals.

Product and Strategy LeadershipTrack record of scaling financial products. Adept at strategic thinking, product innovation, and cross-functional execution.

Quantitative and Analytical RigorSolid understanding of risk-adjusted return metrics, collateral valuation, and liquidity management. Comfort with financial modeling and data-driven decision-making.

Collaborative and InfluentialAbility to align stakeholders across the firm - Sales, Trading, Product, Legal, Compliance - and drive high-impact initiatives to execution.

Crypto-Native MindsetPassion for crypto, digital assets, and financial innovation. Ability to navigate a fast-moving ecosystem while balancing risk, compliance, and scalability.

Nice to Have

Experience with derivatives, structured credit, or tokenized collateral.

Knowledge of DeFi lending protocols and yield strategies.

Background in traditional repo, securities lending, or prime finance.

Additional Information

This job is accepting ongoing applications and there is no application deadline. Please note, applicants are permitted to redact or remove information on their resume that identifies age, date of birth, or dates of attendance at or graduation from an educational institution. We consider qualified applicants with criminal histories for employment on our team, assessing candidates in a manner consistent with the requirements of the San Francisco Fair Chance Ordinance. Kraken is powered by people from around the world and we celebrate all Krakenites for their diverse talents, backgrounds, contributions and unique perspectives. We hire strictly based on merit, meaning we seek out the candidates with the right abilities, knowledge, and skills considered the most suitable for the job. We encourage you to apply for roles where you don't fully meet the listed requirements, especially if you're passionate or knowledgable about crypto! As an equal opportunity employer, we don’t tolerate discrimination or harassment of any kind. Whether that’s based on race, ethnicity, age, gender identity, citizenship, religion, sexual orientation, disability, pregnancy, veteran status or any other protected characteristic as outlined by federal, state or local laws. Stay in the know Follow us on Twitter Learn on the Kraken Blog Connect on LinkedIn Candidate Privacy Notice Compensation Range: $168K - $269K