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Head of Risk

AI Summary
Keyrock is seeking a senior Head of Risk to establish and lead its firm-wide quantitative risk function across digital-asset and traditional-finance activities. The role owns risk architecture, real-time aggregation, monitoring, reporting, and the consistent use of market, credit, liquidity, and systemic-risk methodologies. It requires expertise in VaR, Expected Shortfall, stress testing, tail-risk modelling, and risk integration across centralized and decentralized venues. The successful candidate will partner closely with the COO and CIO while independently challenging the business and strengthening the firm's risk culture.
Salary
Undisclosed
Employment
Full Time
Experience
Senior
Published
Apply before
13 Dec 2026
Listing views
36
Application actions
2
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Opportunity details

About this role.

About Keyrock

Since 2017, Keyrock has been a change-maker in digital assets. We’re a global, remote-first team of 200+ people across 40+ nationalities, with hubs in Brussels, London, Paris and New York.

We provide liquidity across 80+ centralized and decentralized exchanges – a position cemented by our Series C, led by SC Ventures. Today we run a full spectrum of capital markets businesses across centralized and on-chain venues: market making, high-frequency trading, options, OTC, DeFi trading desks, advisory, and asset management.

We’re building toward the agentic investment banking capabilities for the era of digital finance. A proprietary agentic layer runs the mechanics of the market, so our people can focus on the work code cannot do: the deal, the relationship, and the judgement.

We’re not just envisioning the future of finance – we’re building it.

What we are looking for

We are seeking a Head of Risk to own and develop the Firm’s risk function end-to-end. This is a senior leadership role with direct accountability for the design, implementation and enforcement of a Firm-wide risk framework across all activities.

The role requires strong quantitative risk expertise and the ability to apply rigorous methodologies to complex, real-time markets across both traditional finance and digital assets. The successful candidate will co-design the firm’s risk architecture with the COO and CIO, covering data, analytics and real-time risk aggregation.

You will have full oversight of risk across trading (spot and derivatives), treasury and investments, including exposures across CeFi and DeFi environments. This includes defining risk appetite, implementing advanced risk metrics and ensuring disciplined risk-taking across the organization.

We are looking for a leader who sets the standard, challenges the business and enforces a strong risk culture, while enabling the firm to scale.

Role description

Quantitative Risk Framework: Develop and maintain a quantitative risk framework grounded in modern risk theory (e.g. market, credit, liquidity and systemic risk modelling), leveraging concepts such as tail risk, extreme value theory, dependence structures and stress testing

Firm-wide Risk System Architecture: Co-design and implement the Firm-wide risk management system in close collaboration with the COO and CIO, including data architecture, risk aggregation layers, real-time monitoring capabilities and reporting infrastructure across all business lines.

Cross-Asset & Cross-Infrastructure Risk Integration: Build an integrated risk view across centralized and decentralized venues, covering exchange risk, counterparty risk, smart contract risk, collateral efficiency and liquidity fragmentation.

Advanced Risk Modelling & Metrics: Define and implement advanced risk metrics (VaR, Expected Shortfall, stress scenarios, liquidity-adjusted risk, concentration risk) and ensure their consistent application across trading, treasury and investment activities.

Is plus: TradFi ↔ Crypto Risk Translation: Translate traditional financial risk methodologies into crypto-native environments, adapting models to account for 24/7 markets, fragmented liquidity, funding dynamics, on-chain transparency and new failure modes (e.g. oracle risk, protocol risk).

Background and Experience

Quantitative Risk Expertise: Strong foundation in quantitative risk management, including hands-on experience with market risk, credit risk and liquidity risk modelling, ideally aligned with frameworks such as those presented in Quantitative Risk Management (McNeil, Frey, Embrechts).

Modelling & Analytical Skills: Demonstrated ability to design and implement risk models, including tail risk estimation, scenario analysis, stress testing frameworks and dependence modelling across asset classes.

System Design & Cross-Functional Leadership: Proven experience in designing or co-designing firm-wide risk systems, working closely with technology (CIO) and operations (COO) to translate risk requirements into scalable infrastructure.

TradFi + Crypto Hybrid Experience: Experience operating at the intersection of traditional financial markets and digital assets (CeFi and/or DeFi), with a strong understanding of differences in market structure, risk transmission and infrastructure.

Crypto-Specific Risk Understanding: Practical knowledge of crypto-specific risks, including exchange/custodian risk, smart contract risk, protocol risk, funding/basis dynamics and collateral management in both centralized and decentralized environments.

Competences and personality

  • Strong drive and proactivity to continuously strengthen the risk management in a fast-growing financial institution

  • The candidate reports to the COO but this is not a reporting role, but a quantitative risk management system-building role.

Our recruitment philosophy

We look for self-aware candidates who bring both the core skills required for the role and a deep alignment with our performance principles. We seek fiercely passionate, mission-driven people who communicate with purpose and practice proactive ownership. The perfect fit? A crypto enthusiast who prioritizes mission over ego, maintains a commercial mindset, and delivers long-term value through pragmatic flexibility.

Our offer

  • A competitive salary and global benefit package

  • Annual Team Retreats: a yearly offsite dedicated to strategy, celebration of our wins and fun team activities

  • Autonomy in your time management thanks to semi-flexible working hours=

  • Fast-paced, highly intellectually stimulating working environment

  • The freedom to create your own entrepreneurial experience by being part of a team of people in search of excellence

Keyrock offers you both a career and a large range of benefits that we will gladly discuss in the course of the application process.

As an employer we are committed to building an inclusive, diverse and non-discriminating work environment. We welcome employees of all backgrounds, ethnicities, genders, creed and sexual orientation. We hire, reward and promote entirely based on merit and performance.

Apply now >

This job listing has been manually reviewed by the Jobicy Trust & Safety Team for compliance with our posting guidelines, including verification of the company's legitimacy, accuracy of job details, clarity of remote work policy, and absence of misleading or fraudulent content.

Role DNA

A quick view of the complexity, pace, ownership and collaboration implied by the job description.

Job Complexity

5/5
EasyHard

Pace & Pressure

5/5
RelaxedFast-paced

Autonomy Level

5/5
GuidedFull ownership

Communication Load

5/5
IndependentCollaborative
AI insightThis is a highly senior role combining quantitative modelling, enterprise risk-system design, and leadership in fast-moving 24/7 crypto markets. The candidate must translate complex risk concepts into scalable controls across trading, treasury, investments, CeFi, and DeFi.

Salary analysis

Estimated compensation compared with the broader US market for similar roles.

Estimated job median (per year)Market rate
$220,000
US market range (per year)$180k–$300k
AI insightThe yearly pay period is inferred from the job context; it was not explicitly stated by the employer. No employer salary amount is disclosed. The yearly period and USD market estimate are inferred for a senior, full-time Head of Risk position in financial markets and digital assets; actual compensation may vary materially by hiring country, experience, and bonus or equity structure.

Core skills

Skills and capabilities most closely associated with this opportunity.

Sample interview questions
How would you design a firm-wide risk framework for a business operating across both traditional and digital-asset markets?

I would start with a clear risk appetite and governance model, then define consistent taxonomies, limits, ownership, escalation paths, and reporting standards. The framework would integrate market, credit, liquidity, operational, counterparty, and technology risks while adapting controls for 24/7 trading and crypto-specific failure modes.

How would you apply VaR and Expected Shortfall in fragmented crypto markets?

I would use them as complementary measures rather than standalone controls, with careful treatment of liquidity, jumps, fat tails, and changing correlations. I would supplement model outputs with scenario analysis, concentration limits, liquidity-adjusted measures, and frequent back-testing against observed market conditions.

What risks are most important when integrating CeFi and DeFi exposures into one risk view?

The integrated view should capture exchange and custodian exposure, collateral quality, liquidity fragmentation, smart-contract and oracle failures, protocol governance risk, bridge risk, funding dynamics, and correlated counterparty stress. Aggregation must avoid assuming that on-chain transparency eliminates execution or liquidation risk.

How would you work with technology leaders to implement real-time risk monitoring?

I would translate risk requirements into clear data contracts, calculation specifications, control thresholds, and auditability requirements. Working iteratively with engineering, I would prioritize reliable position, pricing, collateral, and counterparty data before delivering real-time dashboards, alerts, and automated escalation workflows.

How do you maintain independence while enabling commercial growth?

Risk should be an informed business partner, not merely a control function. I would make risk appetite explicit, provide timely decision-quality analytics, challenge assumptions constructively, and enforce limits consistently so that growth occurs within transparent and resilient boundaries.

This analysis is generated from the job description. Salary estimates, role characteristics and sample answers are guidance, not employer-provided facts.
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