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Keyrock · 18 hours ago

Head of Credit Capital Markets

United States

Full-time

Remote

Director/Executive

$250K/yr - $300K/yr

6+ years exp

Keyrock is a leading change-maker in the digital asset space, renowned for its partnerships and innovation. The Head of Credit Capital Markets will establish the firm's Credit Desk, driving the strategy and execution of its debt capital markets business, including institutional credit and on-chain borrow/lend activities.

Asset ManagementBlockchainCryptocurrencyFinanceFinancial ServicesFinTech

Responsibilities

Develop and execute a cohesive credit strategy that unifies the firm’s various credit activities, including on-chain lending, off-chain bilateral loans, structured financing and other

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

Design and oversee comprehensive credit risk frameworks covering counterparty evaluation, collateral optimization, 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

Establish and maintain robust credit policies, exposure limits, and governance standards governing all underwriting and counterparty activities

Stay at the forefront of market developments across both 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 competitive advantage

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

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

Qualification

Credit strategy developmentCredit underwritingRisk managementPythonDeFi lending mechanicsRWA landscape understandingSmart contract reviewSenior management experienceCommunication skillsCollaborationOwnership

Required

6+ years of experience in Repo Trading, Prime Brokerage, Structured Finance, or Fixed Income

Understanding of cost of funding, collateral haircuts, rehypothecation risks, and ISDA/credit terms

A track record of senior management position/s

Proficient in Python

Demonstrated understanding of the current RWA landscape and the legal mechanisms used to bridge off-chain assets to on-chain tokens

Proven track record of managing a book of business, including experience with margin management and liquidation prevention during periods of high volatility