Keyrock
Head of Credit Capital Markets at Keyrock
Join Keyrock as the Head of Credit Capital Markets and establish Keyrock’s Credit Desk, driving the firm’s debt capital markets vision across both institutional credit and on‑chain borrow/lend.
About Keyrock Since our beginnings in 2017, we have grown to be a leading change‑maker in the digital asset space, renowned for our partnerships and innovation. Today we rock with 220 team members worldwide, spanning 42 nationalities and ranging from DeFi natives to PhDs. Predominantly remote, we operate hubs in London, Brussels, Singapore and Paris, and host regular online and offline hangouts to keep the crew tight. Keyrock runs seven business verticals, from market making and DeFi trading to institutional OTC trading, and we are expanding to become a full‑service financial institution through organic innovation and inorganic growth.
Mission Statement We are seeking a highly motivated Head of Credit Capital Markets to establish Keyrock’s Credit Desk. You will be the driving factor in identifying, strategising and executing Keyrock’s vision for its debt capital markets business, spanning both institutional credit and on‑chain borrow/lend.
Job Description
Strategy & management: Develop and execute a cohesive credit strategy that unifies the firm’s credit activities, including on‑chain lending, off‑chain bilateral loans, structured financing, and other. Lead cross‑functional credit teams to ensure strategic consistency, operational excellence, and measurable results across all business lines.
Credit underwriting: Conduct in‑depth fundamental analysis of borrowers across Fiat, Crypto, and Stablecoin exposures. Perform detailed reviews of loan tapes, evaluate legal structures (including SPVs and bankruptcy‑remote vehicles), and assess the enforceability and quality of collateral across diverse instruments.
Risk: Design and oversee comprehensive credit risk frameworks covering counterparty evaluation, collateral optimisation, and capital allocation. Monitor key performance and risk indicators—including Health Factors and smart contract vulnerabilities—on a continuous basis. Develop internal stress‑testing models to evaluate portfolio resilience under volatile market conditions and establish robust credit policies, exposure limits, and governance standards.
Research: Stay at the forefront of market developments in traditional institutional credit and emerging on‑chain DeFi credit markets. Identify and evaluate new market structures, innovative financing models, client segments, and evolving risk trends to inform strategy and maintain a competitive advantage.
Cross‑function leadership and collaboration: Partner closely with trading, treasury, DeFi credit, risk, and legal teams to ensure optimal capital efficiency, strategic alignment, and disciplined risk management across all transactions.
External representation: Maintain relationships with institutions, borrowers, protocols, and liquidity providers, turning Keyrock’s credit desk into a de‑facto credit desk for fiat, crypto, and stablecoins.
Required Profile The "TradFi" Credit Foundation 6+ years of experience in Repo Trading, Prime Brokerage, Structured Finance, or Fixed Income. Must understand cost of funding, collateral haircuts, rehypothecation risks, and ISDA/credit terms.
Management A track record of senior management positions. This role sees you controlling the entire Credit desk team.
Technical Skills Proficient in Python. You will be expected to write your own scripts to query on‑chain data, automate interest rate tracking, and backtest credit strategies.
DeFi & Smart Contract Proficiency
Preferred: Knowledge of DeFi lending mechanics (AMMs, utilisation curves, liquidation logic).
Preferred: Ability to read Solidity and review smart contracts to identify basic security risks or non‑standard logic before we deploy capital.
RWA Competency Demonstrated understanding of the current RWA landscape and the legal mechanisms used to bridge off‑chain assets to on‑chain tokens.
Risk Management Proven track record of managing a book of business, including margin management and liquidation prevention during periods of high volatility.
Our Recruitment Philosophy We value self‑awareness and powerful communication skills. We seek fiercely passionate people who understand themselves and their career goals and are driven, collaborative, act with ownership, and deliver solid, scalable outcomes.
Our Offer
A competitive compensation package, ranging from $250k USD – $300k USD plus commission, bonus, and other benefits.
Autonomy in time management thanks to flexible working hours and the opportunity to work remotely.
The freedom to create your entrepreneurial experience by being part of a team searching for excellence.
As an employer, we are committed to building a positive and collaborative work environment. We welcome employees of all backgrounds and hire, reward, and promote entirely based on merit and performance.
Due to the nature of our business and external requirements, we perform background checks on all potential employees, passing which is a prerequisite to join Keyrock.
Further information is available at https://keyrock.com/careers/.
Seniority Level, Employment Type & Job Function
Seniority Level: Executive
Employment Type: Full‑time
Job Function: Finance and Sales
Referrals increase your chances of interviewing with Keyrock by 2×.
#J-18808-Ljbffr
About Keyrock Since our beginnings in 2017, we have grown to be a leading change‑maker in the digital asset space, renowned for our partnerships and innovation. Today we rock with 220 team members worldwide, spanning 42 nationalities and ranging from DeFi natives to PhDs. Predominantly remote, we operate hubs in London, Brussels, Singapore and Paris, and host regular online and offline hangouts to keep the crew tight. Keyrock runs seven business verticals, from market making and DeFi trading to institutional OTC trading, and we are expanding to become a full‑service financial institution through organic innovation and inorganic growth.
Mission Statement We are seeking a highly motivated Head of Credit Capital Markets to establish Keyrock’s Credit Desk. You will be the driving factor in identifying, strategising and executing Keyrock’s vision for its debt capital markets business, spanning both institutional credit and on‑chain borrow/lend.
Job Description
Strategy & management: Develop and execute a cohesive credit strategy that unifies the firm’s credit activities, including on‑chain lending, off‑chain bilateral loans, structured financing, and other. Lead cross‑functional credit teams to ensure strategic consistency, operational excellence, and measurable results across all business lines.
Credit underwriting: Conduct in‑depth fundamental analysis of borrowers across Fiat, Crypto, and Stablecoin exposures. Perform detailed reviews of loan tapes, evaluate legal structures (including SPVs and bankruptcy‑remote vehicles), and assess the enforceability and quality of collateral across diverse instruments.
Risk: Design and oversee comprehensive credit risk frameworks covering counterparty evaluation, collateral optimisation, and capital allocation. Monitor key performance and risk indicators—including Health Factors and smart contract vulnerabilities—on a continuous basis. Develop internal stress‑testing models to evaluate portfolio resilience under volatile market conditions and establish robust credit policies, exposure limits, and governance standards.
Research: Stay at the forefront of market developments in traditional institutional credit and emerging on‑chain DeFi credit markets. Identify and evaluate new market structures, innovative financing models, client segments, and evolving risk trends to inform strategy and maintain a competitive advantage.
Cross‑function leadership and collaboration: Partner closely with trading, treasury, DeFi credit, risk, and legal teams to ensure optimal capital efficiency, strategic alignment, and disciplined risk management across all transactions.
External representation: Maintain relationships with institutions, borrowers, protocols, and liquidity providers, turning Keyrock’s credit desk into a de‑facto credit desk for fiat, crypto, and stablecoins.
Required Profile The "TradFi" Credit Foundation 6+ years of experience in Repo Trading, Prime Brokerage, Structured Finance, or Fixed Income. Must understand cost of funding, collateral haircuts, rehypothecation risks, and ISDA/credit terms.
Management A track record of senior management positions. This role sees you controlling the entire Credit desk team.
Technical Skills Proficient in Python. You will be expected to write your own scripts to query on‑chain data, automate interest rate tracking, and backtest credit strategies.
DeFi & Smart Contract Proficiency
Preferred: Knowledge of DeFi lending mechanics (AMMs, utilisation curves, liquidation logic).
Preferred: Ability to read Solidity and review smart contracts to identify basic security risks or non‑standard logic before we deploy capital.
RWA Competency Demonstrated understanding of the current RWA landscape and the legal mechanisms used to bridge off‑chain assets to on‑chain tokens.
Risk Management Proven track record of managing a book of business, including margin management and liquidation prevention during periods of high volatility.
Our Recruitment Philosophy We value self‑awareness and powerful communication skills. We seek fiercely passionate people who understand themselves and their career goals and are driven, collaborative, act with ownership, and deliver solid, scalable outcomes.
Our Offer
A competitive compensation package, ranging from $250k USD – $300k USD plus commission, bonus, and other benefits.
Autonomy in time management thanks to flexible working hours and the opportunity to work remotely.
The freedom to create your entrepreneurial experience by being part of a team searching for excellence.
As an employer, we are committed to building a positive and collaborative work environment. We welcome employees of all backgrounds and hire, reward, and promote entirely based on merit and performance.
Due to the nature of our business and external requirements, we perform background checks on all potential employees, passing which is a prerequisite to join Keyrock.
Further information is available at https://keyrock.com/careers/.
Seniority Level, Employment Type & Job Function
Seniority Level: Executive
Employment Type: Full‑time
Job Function: Finance and Sales
Referrals increase your chances of interviewing with Keyrock by 2×.
#J-18808-Ljbffr