Keyrock
Senior Repo & Lending Trader - Digital Assets
Keyrock, Chicago, Illinois, United States, 60290
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Senior Repo & Lending Trader - Digital Assets
role 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, 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.
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 understands that alpha is often found in superior collateral management and rate structuring.
Job Description
Bilateral & On‑Chain Lending: Execute and manage the end‑to‑end lifecycle of borrowing and lending transactions, including negotiating bilateral term sheets with institutional counterparties 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 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 (Short‑Term Interest Rate) trends.
Collateral Scoring & Haircut Optimization: Develop and maintain a proprietary collateral scoring framework to determine appropriate haircuts for various asset classes (Fiat, Stablecoins, 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 (DvP), 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 fragmented venues, and build dashboards that score counterparty risk and collateral quality dynamically.
Counterparty Management: Act as a primary point of contact for institutional lenders and liquidity providers, representing Keyrock’s desk to ensure we are the "borrower of choice" by maintaining transparent and data‑driven reporting on our collateral positions.
Required Profile
STIR/Repo Foundation: 4–7 years of experience on a Repo, Securities Lending, or STIR desk, with deep understanding of secured financing mechanics, including margin calls, substitution of collateral, and term structures.
Analytical Rigor: Proven ability to "score" assets and explain quantitative reasoning behind haircuts.
Technical Proficiency: Strong Python skills required for scripting monitoring tools and querying on‑chain data to verify protocol health or collateral balances.
Entrepreneurial Drive: Enjoy the "blank canvas" of the crypto markets, eager to reconstruct TradFi repo concepts for a 24/7, high‑velocity digital environment.
Knowledge of DeFi Mechanics:
Required: Understanding of how over‑collateralized on‑chain lending works (utilization curves, liquidation logic).
Preferred: Familiarity with "Real World Assets" (RWA) and how they are used as collateral in the current ecosystem.
Our recruitment philosophy We value self‑awareness and powerful communication skills in our recruitment process. We seek fiercely passionate people who understand themselves and their career goals. We're after those with the right skills and a conscious choice to join our field. The perfect fit is a crypto enthusiast who’s driven, collaborative, acts with ownership, and delivers solid, scalable outcomes.
Our offer
A competitive salary package.
Autonomy in time management thanks to flexible working hours and remote work opportunities.
The freedom to create your own entrepreneurial experience by being part of a team that seeks excellence.
Seniority level Mid‑Senior level
Employment type Full‑time
Job function Finance and Sales
Due to the nature of our business and external requirements, we perform background checks on all potential employees. Passing the check is a prerequisite to join Keyrock.
#J-18808-Ljbffr
Senior Repo & Lending Trader - Digital Assets
role 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, 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.
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 understands that alpha is often found in superior collateral management and rate structuring.
Job Description
Bilateral & On‑Chain Lending: Execute and manage the end‑to‑end lifecycle of borrowing and lending transactions, including negotiating bilateral term sheets with institutional counterparties 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 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 (Short‑Term Interest Rate) trends.
Collateral Scoring & Haircut Optimization: Develop and maintain a proprietary collateral scoring framework to determine appropriate haircuts for various asset classes (Fiat, Stablecoins, 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 (DvP), 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 fragmented venues, and build dashboards that score counterparty risk and collateral quality dynamically.
Counterparty Management: Act as a primary point of contact for institutional lenders and liquidity providers, representing Keyrock’s desk to ensure we are the "borrower of choice" by maintaining transparent and data‑driven reporting on our collateral positions.
Required Profile
STIR/Repo Foundation: 4–7 years of experience on a Repo, Securities Lending, or STIR desk, with deep understanding of secured financing mechanics, including margin calls, substitution of collateral, and term structures.
Analytical Rigor: Proven ability to "score" assets and explain quantitative reasoning behind haircuts.
Technical Proficiency: Strong Python skills required for scripting monitoring tools and querying on‑chain data to verify protocol health or collateral balances.
Entrepreneurial Drive: Enjoy the "blank canvas" of the crypto markets, eager to reconstruct TradFi repo concepts for a 24/7, high‑velocity digital environment.
Knowledge of DeFi Mechanics:
Required: Understanding of how over‑collateralized on‑chain lending works (utilization curves, liquidation logic).
Preferred: Familiarity with "Real World Assets" (RWA) and how they are used as collateral in the current ecosystem.
Our recruitment philosophy We value self‑awareness and powerful communication skills in our recruitment process. We seek fiercely passionate people who understand themselves and their career goals. We're after those with the right skills and a conscious choice to join our field. The perfect fit is a crypto enthusiast who’s driven, collaborative, acts with ownership, and delivers solid, scalable outcomes.
Our offer
A competitive salary package.
Autonomy in time management thanks to flexible working hours and remote work opportunities.
The freedom to create your own entrepreneurial experience by being part of a team that seeks excellence.
Seniority level Mid‑Senior level
Employment type Full‑time
Job function Finance and Sales
Due to the nature of our business and external requirements, we perform background checks on all potential employees. Passing the check is a prerequisite to join Keyrock.
#J-18808-Ljbffr