Senior Repo & Lending Trader - Digital Assets

Senior Repo & Lending Trader - Digital Assets at 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, with backgrounds 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, the firm is looking to expand and establish itself as a full‑service financial institution through both organic innovation and inorganic growth. At Keyrock, we’re not just envisioning the future of digital assets. We’re actively building it.

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 understands that alpha is often found in superior collateral management and rate structuring.

• Execute and manage the end‑to‑end lifecycle of borrowing and lending transactions across bilateral & on‑chain lending, including negotiating bilateral term sheets with institutional counter parties and managing liquidity across DeFi money markets (e.g., Aave, Morpho, Euler).
• Manage the firm’s interest rate profile by monitoring the spread between fixed‑term institutional loans and floating‑rate DeFi protocols, identifying when to lock in term funding versus staying floating based on market volatility and STIR trends.
• Develop and maintain a proprietary collateral scoring framework, determining appropriate haircuts for various asset classes (Fiat, Stable coins, Blue‑chip Crypto, and RWAs) based on liquidity, volatility, and smart contract risk.
• Navigate ISDA/GMRA‑like frameworks in a digital asset context, discussing rehypothecation rights, delivery‑versus‑payment (DvP), and event‑of‑default triggers with Legal and Risk.
• Build tools in Python that monitor real‑time "Health Factors" and LTVs, automate interest rate tracking across fragmented venues, and build dashboards that score counter party risk and collateral quality dynamically.
• Act as a primary point of contact for institutional lenders and liquidity providers, representing Keyrock’s desk and maintaining transparent, data‑driven reporting on collateral positions.

• 4–7 years of experience on a Repo, Securities Lending, or STIR desk, with deep understanding of secured financing mechanics.
• Proven ability to "score" assets, articulating quantitative reasons for haircuts.
• Strong Python skills for scripting monitoring tools and querying on‑chain data.
• Entrepreneurial mindset for adapting Trad Fi repo concepts to high‑velocity digital environments.
• Knowledge of DeFi Mechanics:

• Required:
  
  Understanding of over‑collateralized on‑chain lending (utilization curves, liquidation logic).
• Preferred:
  Familiarity with Real World Assets (RWA) as collateral.

Mid‑Senior level

Full‑time

Finance and Sales

We value self‑awareness and powerful communication skills. We seek passionate people who understand themselves, are committed to their career goals, and act with ownership to deliver scalable outcomes.

• A competitive salary package
• Autonomy in time management with flexible hours and remote work opportunities
• The freedom to create an entrepreneurial experience as part of a high‑excellence team

As an employer, we are committed to building a positive and collaborative work environment. We welcome employees of all backgrounds, hiring, rewarding, and promoting purely 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.