Head of Credit Capital Markets

Head of Credit Capital Markets – Keyrock Location: Madrid, Community of Madrid, Spain Seniority Level: Executive Employment Type: Full-time Job Function: Finance and Sales About Keyrock Since 2017, Keyrock has become a leading change‑maker in the digital asset space, partnering with institutions and innovators worldwide. Today we are a global team of 220+ members across 42 nationalities, operating out of hubs in London, Brussels, Singapore and Paris, and expanding through both organic innovation and inorganic growth. Mission Statement We are seeking a highly motivated Head of Credit Capital Markets to establish Keyrock’s Credit Desk and drive the firm’s debt capital markets business, spanning both institutional credit and on‑chain borrow/lend. Job Description Develop and execute a cohesive credit strategy that unifies the firm’s on‑chain lending, off‑chain loans, structured financing and other activities. Lead and align cross‑functional credit teams to ensure strategic consistency, operational excellence and measurable results. Conduct in‑depth fundamental analysis of borrowers across Fiat, Crypto and Stablecoin exposures, reviewing loan tapes, legal structures (SPVs, bankruptcy‑remote vehicles) and collateral quality. Design and oversee comprehensive credit risk frameworks covering counterparty evaluation, collateral optimisation, capital allocation and governance standards. Monitor key performance and risk indicators—including “Health Factors” and smart contract vulnerabilities—continually and develop stress‑testing models. Stay at the forefront of market developments in traditional institution credit and emerging on‑chain DeFi credit markets. Collaborate closely with trading, treasury, DeFi credit, risk and legal teams to optimise capital efficiency and risk management. Represent the credit business externally, maintaining relationships with institutions, borrowers, protocols and liquidity providers. Required Profile The “TradFi” Credit Foundation: 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. Management: Track record of senior management positions; responsibility for the entire Credit desk team. Technical Skills: Proficient in Python; expected to write scripts for on‑chain data queries, automate interest rate tracking and back‑test 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 deploying capital. RWA Competency: Demonstrated understanding of the current RWA landscape and legal mechanisms 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 high volatility periods. Our Recruitment Philosophy We value self‑awareness and powerful communication skills. We seek fiercely passionate people who understand themselves, their career goals and are crypto enthusiasts who are driven, collaborative and take ownership to deliver scalable outcomes. Our Offer A competitive compensation package ranging from $250k to $300k USD plus commission, bonus and other benefits. Autonomy in time management with flexible hours and the opportunity to work remotely. The freedom to create an entrepreneurial experience as part of a team that pursues excellence. As an employer we are committed to building a positive, 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, background checks are performed on all potential employees and passing them is a prerequisite to join Keyrock. #J-18808-Ljbffr