Senior Repo & Lending Trader - Digital Assets

Senior Repo & Lending Trader - Digital Assets at Keyrock

About Keyrock
Since our beginnings in 2017, we've grown to be a leading change-maker in the digital asset space, renowned for our partnerships and innovation. Today, we rock with over 220 team members around the world. Our diverse team hails from 42 nationalities, ranging from DeFi natives to PhDs. Predominantly remote, we have 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, DeFi trading and options to institutional OTC trading. As the firm expands, we are building a full‑service financial institution through both organic innovation and inorganic growth.

Mission Statement
We are looking for an entrepreneurial Senior Repo & Lending Trader to drive the execution of Keyrock’s bilateral and on‑chain borrowing activities. You will be responsible for the "plumbing" of our debt operations—structuring fixed and floating‑rate loans, optimizing collateral efficiency through rigorous scoring, and managing our institutional lending relationships. This is a role for a technical trader who sees alpha in superior collateral management and rate structuring.

• Bilateral & On‑Chain Lending:
  Execute and manage the end‑to‑end lifecycle of borrowing and lending transactions, including negotiating term sheets and managing liquidity across DeFi money markets (e.g., Aave, Morpho, Euler).
• Rate Structuring (Fixed & Float):
  Manage the firm’s interest rate profile by monitoring the spread between institutional loans and floating‑rate DeFi protocols, and deciding when to lock in term funding versus remaining floating based on market volatility and STIR trends.
• Collateral Scoring & Haircut Optimization:
  Develop and maintain a proprietary collateral scoring framework, setting haircuts for asset classes such as Fiat, Stable coins, Blue‑chip Crypto, and RWAs based on liquidity, volatility, and smart contract risk.
• Contractual Execution:
  Work closely with Legal and Risk to navigate ISDA/GMRA‑like frameworks in a digital asset context, discussing rehypothecation rights, delivery‑versus‑payment, and event‑of‑default triggers.
• Technical Automation:
  Use Python to build tools that monitor real‑time "Health Factors" and LTVs, automate interest rate tracking across venues, and build dashboards that score counter party risk and collateral quality dynamically.
• Counter party Management:
  Act as the primary point of contact for institutional lenders and liquidity providers, maintaining transparent, data‑driven reporting on collateral positions to ensure Keyrock is the "borrower of choice".

• STIR/Repo Foundation: 4–7 years on a Repo, Securities Lending, or STIR desk, with deep knowledge of secured financing mechanics.
• Analytical Rigor:
  Proven ability to "score" assets and justify haircut adjustments with quantitative reasoning.
• Technical Proficiency:
  Strong Python skills; expected to script monitoring tools and query on‑chain data.
• Entrepreneurial Drive:
  Comfortable taking Trad Fi repo concepts and adapting them for a 24/7 high‑velocity digital environment.
• Knowledge of DeFi Mechanics:
  • Required:
    
    Understanding of over‑collateralised on‑chain lending (utilisation curves, liquidation logic).
  • Preferred:
    Familiarity with Real‑World Assets and their use as collateral in the ecosystem.

Recruitment Philosophy
We value self‑awareness and powerful communication skills. We seek fiercely passionate people who understand themselves and their career goals. Join us if you are a crypto enthusiast who is driven, collaborative, acts with ownership, and delivers solid, scalable outcomes.

• A competitive salary package
• Autonomy in your time management thanks to flexible working hours and the opportunity to work remotely
• The freedom to create your own entrepreneurial experience as part of a team pursuing 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.

Learn more at

Mid‑Senior level

Full‑time

Finance and Sales