Opportunities at our Portfolio Companies

Volta Ventures
Volta Ventures

Market Risk Analyst - Digital Assets



London, UK
Posted on Friday, May 3, 2024

Keyrock was founded in 2017 and has quickly grown from 3 to around 170+ people today. As an industry recognized liquidity provider and market maker, Keyrock is a leading European creator of algorithmic trading technology in the digital asset space. With VC backing and a constantly expanding global client base, Keyrock is one of Belgium’s fastest-growing fintech companies.

We’re currently active on over 70 exchanges and count numerous marketplaces and asset issuers among our clients, including some of the best-known companies in the crypto space.

Keyrock's beating heart is its technical team filled with software engineers, digital scientists and PhDs, who themselves are supported by university professors, industry-leading experts and a strong management team. Over the years Keyrock has become a company that is both idealistic and practical.

What we are looking for... a Market Risk Analyst who will support the Head of Risk to manage the company’s complete Risk framework and control processes across market, credit and operational risk.

Job description

This position will be reporting directly to the Head of Risk and be responsible for proactively monitoring market & liquidity risk across all the trading business units, help assess counter-party credit risk and ensure risk control processes are correctly followed and adhered to by all internal teams.

The Risk Analyst is expected to aggregate, identify, monitor & track all risks pertaining to Keyrock’s market making operations, prop and OTC trading, for spot and derivatives as well as DeFi related activities. The Risk Analyst will work closely with all trading business units, internal finance, compliance and legal teams.


• Support the Head of Risk in implementing the global risk management strategy for the organization

• Help strengthen the company’s risk culture by promoting risk management best practices

• Adopt a model of continuous improvement to allow the organization to refine risk management processes, enhance controls, and embrace new methods and technologies to stay ahead of potential risks.

• Horizon scan to increase awareness of the potential risks affecting the business

• Continually drive for enhanced efficiency and client service (internal and external) in all Risk processes

• Support and motivate junior members of the Risk team to maximize effectiveness

• Compile reports, summaries, and presentations to communicate risk findings to internal stakeholders and escalate to senior management significant risk exposures and risk limit utilisation

• Work closely with key stakeholders to understand the business requirements for projects and develop effective working relationships during project implementation

Background and experience

• 3-5 years of experience in market risk management or a similar role with transferable skills

• Knowledge and understanding of financial products including spot and derivative instruments and their risk/reward tradeoffs.

• Strong understanding of market risk measures, metrics, concepts, and methodologies: VaR, CVaR (ES), stress testing, option greeks.

• Knowledge and experience of some (or all) of the following service lines; market making, OTC trading, proprietary trading.

• Practical and commercial approach to problem solving combined with a control mindset

• Ability to present and communicate (written and verbally) complex information and concepts to internal stakeholders and senior management.

• Desire and ability to collaborate effectively with other teams and departments and levels of seniority

• Strong programming skills in PYTHON, R, SQL is a plus

• Experience of analyzing credit data and company financial statements is a plus

• Understanding of exchanges, clearing houses, initial & variation margin is a plus

Competences and personality

• Ability to thrive in a fast-paced multi-cultural fintech environment

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

• Good knowledge of Crypto /DeFi ecosystem is a plus;

Our recruitment philosophy

We believe the most important aspect of our recruitment process is self-awareness: we are looking for people who have a clear understanding of themselves and what they are looking for in their professional career. That means that we expect to work with people who not only have the right skills, but who have also made the conscious decision to look for a company in our industry and with our characteristics.

Our offer

• A competitive salary package and benefits package

• Complete autonomy in your time management thanks to flexible working hours and the opportunity to work remotely

• A ton of fun in a thriving and multicultural environment, with colleagues enjoying regular team building activities

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.