At a Glance
- Tasks: Develop Python libraries, analyse trade data, and optimise market-making strategies.
- Company: Join Keyrock, a leading digital asset market maker with a tech-first approach.
- Benefits: Paid 6-month internship, hybrid work, and global team collaboration.
- Why this job: Shape the future of digital assets while gaining hands-on experience in a dynamic environment.
- Qualifications: Recent graduate in quantitative fields with Python and SQL skills.
- Other info: Fast-paced culture that values innovation, ownership, and collaboration.
The predicted salary is between 500 - 1500 ÂŁ per month.
About Keyrock Founded in 2017, Keyrock is a leading digital asset market maker with 200+ team members globally, representing 42 nationalities. We trade across more than 80 exchanges and run desks in market making, options, OTC and DeFi. We’re known for our tech-first approach, Rust‑based trading systems and for actively shaping the future of digital asset markets.
Location: London or Brussels (Hybrid)
At Keyrock, we’re not just envisioning the future of digital assets. We’re actively building it.
The Role
We are looking for a high‑caliber Quantitative Analyst Intern to sit within our Strategic Market Making team. In our Strategic Proprietary Market Making team, we deploy capital across CEXs and DEXs to capture structural, incentive‑driven and exotic market opportunities. Strategic Market Making operates at the frontier of digital asset markets—identifying and executing on opportunities that emerge from new token launches, foundation mandates, liquidity programs, incentive distortions and evolving market microstructure. Unlike traditional service market‑making desks, this team is unencumbered by SLA obligations and is purpose‑built to move quickly, iterate strategies and allocate capital dynamically where risk‑adjusted returns are most compelling. You will also support our ongoing expansion into the Perpetual DEX ecosystem, bridging the gap between TradFi rigor and DeFi innovation.
Key Responsibilities
- Scalable Quant Infrastructure: Assist in the development of modular Python‑based libraries (utilizing Pandas, NumPy, and Polars) to standardize performance metrics and unify global trading data.
- Strategy Forensics: Perform deep‑dive statistical analysis on trade‑level data to decompose PnL drivers, isolate alpha decay, and identify execution drag or “toxic flow.”
- Perp DEX Optimization: Analyze the incentive structures and market‑making programs of leading protocols (e.g., Hyperliquid/HIP‑3, Paradex, Lighter). You will help optimize our participation to maximize protocol rewards and capital efficiency.
- Operational Intelligence: Build and maintain automated workflows that convert raw L1/L2 order book data into actionable insights for the Trading and Investment Committees.
- Market Monitoring: Proactively track market microstructure signals and portfolio exposures to highlight emerging risks and identify underutilized liquidity opportunities.
Who You Are
- Recent or upcoming graduate from a top university in financial engineering, mathematics, physics, computer science, or a related quantitative field.
- Technical Proficiency: Solid foundation in Python (specifically for data science) and SQL. Exposure to Rust or a strong desire to learn it is highly valued.
- Mathematical Rigor: Strong academic background in a quantitative field (Math, Physics, CS or Financial Engineering). Comfortable with probability, statistics, and linear algebra applied to real‑world trading.
- “Skin in the Game”: Track record of running automated or semi‑automated strategies—be it funding arbitrage, cash & carry, or delta‑neutral market‑making.
- Domain Expertise: Working knowledge of traditional equity market structure but a “DeFi native” at heart, with an understanding of Perpetual DEX dynamics and on‑chain mechanics.
- High‑Stakes Agility: Thrive in fast‑paced environments, manage multiple workstreams, and possess an owner mindset to see projects through to completion.
- Communication: Fluency in English; ability to explain complex technical concepts simply.
What We Offer
- A 6‑month paid internship in our vibrant London or Brussels offices with a hybrid set‑up.
- Company and team‑wide offsites.
- A global, collaborative and tech‑driven environment.
- Autonomy & Impact – our flat structure means you can contribute your ideas from day one and help shape the foundation that will power Keyrock’s future business.
- Culture of Excellence – we value nimbleness, drive for success, owner mentality and collaboration.
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? A crypto enthusiast who’s driven, collaborative, acts with ownership and delivers solid, scalable outcomes. As an employer we are committed to building a positive and 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, we perform background checks on all potential employees, passing which is a prerequisite to join Keyrock.
Quantitative Analyst Intern employer: Keyrock
Contact Detail:
Keyrock Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Quantitative Analyst Intern
✨Tip Number 1
Network like a pro! Reach out to current or former employees on LinkedIn, especially those in the Quantitative Analyst space. A friendly chat can give you insider info and might just get your foot in the door.
✨Tip Number 2
Show off your skills! If you've got any projects or analyses you've done in Python or SQL, make sure to highlight them in conversations. Real-world examples can set you apart from the crowd.
✨Tip Number 3
Stay updated on crypto trends! Being knowledgeable about the latest developments in DeFi and market-making strategies will impress interviewers and show that you're genuinely interested in the field.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining Keyrock and being part of our innovative team.
We think you need these skills to ace Quantitative Analyst Intern
Some tips for your application 🫡
Show Your Passion for Crypto: When you're writing your application, let your enthusiasm for the crypto world shine through! We want to see that you’re not just qualified but genuinely excited about the future of digital assets and how you can contribute to it.
Tailor Your CV and Cover Letter: Make sure to customise your CV and cover letter for the Quantitative Analyst Intern role. Highlight relevant skills like Python, SQL, and any experience with market-making or trading strategies. We love seeing how your background aligns with what we do!
Be Clear and Concise: Keep your application straightforward and to the point. Use clear language to explain your experiences and skills. We appreciate a well-structured application that makes it easy for us to see why you’d be a great fit for our team.
Apply Through Our Website: Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it shows you’re serious about joining Keyrock!
How to prepare for a job interview at Keyrock
✨Know Your Numbers
As a Quantitative Analyst Intern, you'll need to demonstrate your understanding of statistics and data analysis. Brush up on key concepts like PnL drivers and alpha decay. Be ready to discuss how you've applied these in past projects or coursework.
✨Show Off Your Python Skills
Since the role involves developing Python-based libraries, make sure you can talk about your experience with Python, especially in data science. Prepare examples of projects where you've used Pandas, NumPy, or similar tools to solve real-world problems.
✨Understand the Market Landscape
Familiarise yourself with the current trends in digital assets and DeFi. Be prepared to discuss specific protocols and their incentive structures. Showing that you’re not just a 'DeFi native' but also understand traditional market structures will set you apart.
✨Communicate Clearly
You’ll need to explain complex technical concepts simply. Practice articulating your thoughts on quantitative strategies and market-making in a way that’s easy to understand. This will showcase your communication skills, which are highly valued by Keyrock.